New Delhi, Aug. 4: JSW Steel today denied allegations of dealing in illegally mined ore by the Karnataka Lokayukta in its report on the Bellary mining scam. The anticorruption watchdog of Karnataka had alleged that the company and a group firm were involved in the illegal purchase of iron ore.
Hyderabad, Aug. 4: Satyam founder and former chairman B. Ramalinga Raju and seven other accused were today denied bail by a trial court here in the accounting fraud case. The XXI Additional Chief Metropolitan Magistrate court dismissed their applications after taking into note different aspects of the trial.
New Delhi, Aug. 4: British telecom giant Vodafone today contended before the Supreme Court that the present Indian income tax laws do not cover gains from overseas transactions, resuming its arguments against the Rs 11,000-crore tax demand by the I-T department.
Mumbai, Aug. 4: The Reserve Bank of India today said prepaid payment instruments such as smart cards, magnetic stripe cards, mobile wallets could be issued by banks only to corporate houses listed in India.
New Delhi, Aug. 4: Per capital income in the country has jumped over two-folds between 2004-05 and 2010-11 to touch Rs 54,835 per annum, minister of state for statistics and programme implementation Srikant Jena informed Parliament today.
New Delhi, Aug. 4: FMCG player Jyothy Laboratories has acquired 1.76 per cent more stake in Henkel India, increasing its total shareholding in the company to over 71.60 per cent.
Mumbai, Aug. 4: The quantum of funds mopped up by India firms through IPOs and rights issues fell 75 per cent month-on-month to Rs 1,195.6 crore in June 2011, over the amount raised in May this year.
