SEZ land cap
New Delhi, Jan. 28: An empowered group of ministers (EGoM) will consider relaxing the 5,000-hectare land ceiling for SEZs early next month. If approved, the move will go in favour of companies such as Adani, Reliance Industries and DLF. The commerce ministry has placed the proposal for relaxation of the ceiling for multi-product SEZs before the EGoM, which is scheduled to meet h ere on February 4, according to sources.
Mumbai, Jan. 28: Mumbai High Court today admitted a writ petition by Vodafone International Holdings, which challenged Indian tax authorities who held that the company was withholding tax obligations in India.
Mumbai, Jan. 28: The BNP Paribas group has injected 100 million euros (Rs 570 crore) in domestic operations. With this equity infusion, the capital base of the bank will grow to over Rs 1,600 crore.
Mumbai, Jan. 28: HDFC has got in-principle approval from the Insurance Regulatory and Development Authority for transferring its 26 per cent stake in HDFC General Insurance to Ergo International for Rs 235 crore.
New Delhi, Jan 28: The proposed Goods and Services Tax (GST) rates, to be introduced from April 1, 2010, will be few and almost common between the Centre and states.
Mumbai, Jan. 28: Gold pries surged to a record high at Rs 11,840 per 10 gram today because of brisk buying by major market players who were enthused by the firming global trend, and some investors who are shifting focus from stock markets to the bullion markets.
New Delhi, Jan. 28: PepsiCo plans to triple its revenues from India operations in the next five years. The company is also in the process of increasing its product portfolio in carbonated beverages and juices to achieve this target.