GapCon unit in Bengal

Calcutta, Dec. 7: German engineering firm GapCon plans to set up a paper equipment manufacturing unit in Bengal, managing director Wolfgang Wiertz said today. The West Bengal Industrial Infrastructure Development Corporation has given a lease for a two-acre plot at Kalyani industrial estate for the plant.

Direct tax

New Delhi, Dec. 7: Net direct tax collection has surged 17.85 per cent to Rs 2.16 lakh crore during the April-November period this year compared with the same period last fiscal, thereby crossing 50 per cent of the full-year target.

ONGC shares

New Delhi, Dec. 7: The board of Oil and Natural Gas Corporation will meet on December 16 to consider issuing a special dividend to its shareholders, a stock split and a bonus issue.

Spectrum issue

New Delhi, Dec. 7: Former telecom entrepreneur Rajeev Chandrasekhar has questioned the spectrum issues raised by Ratan Tata, while reminding him that his group company was a major beneficiary of the same.

Home loan fine

New Delhi, Dec. 7: The levy of a penalty by banks and housing finance firms for foreclosure of home loans does not amount to abuse of dominant position, the Competition Commission of India ruled today.