the sale of Shaw Wallace shares in a move that could affect Vijay Mallya?s plans to acquire a 25 per cent stake in the liquor company through an open offer. The order, on a petition filed by three creditors of Shaw Wallace, requires status quo to be maintained over ownership of brands and trade marks. The three creditors, Visishth Chai Vyapar, MKJ Enterprises and MKJ Developers, claim dues of over Rs 80 crore. The matter will be heard again on March 10.
New Delhi, March 3: The government today notified tax breaks on export of services like real estate consultancy, architectural work, interior decoration, construction, management consultancy and financial services. To be eligible the client has to be from abroad, the work should be done or sent overseas and payment has to be made in foreign exchange.
Mumbai, March 3: National Commodity & Derivatives Exchange will launch future contracts in mild steel ingots on March 11.
New Delhi, March 3: IDBI today bought 11.29 per cent of Oil Country Tubular Ltd through preferential allotment.
New Delhi, March 3: India and the European Union are joining hands to form a parliamentary forum. It will be launched in the next three weeks.
