Market Bureau

Tax exemption limit may raise to Rs 2 lakh

News Brief: In the next Union Budget government is likely to raise Tax exemption limit for individual income tax payers to Rs 2 lakh, as provided in the Direct Taxes Code (DTC), and hiking the...

Chrysler’s ‘Halftime’ ad removed from YouTube

New York, February 06, 2012 : Chrysler’s two-minute Super Bowl ad “Halftime in America” featuring actor and director Clint Eastwood has been taken down from YouTube due to NFL Copyright Claim. Chrysler’s “Halftime in America”...

SC verdict on 2G : Norway to discuss issue with government

New Delhi, February 06, 2012 : Shocked over the recent Supreme Court verdict cancelling 122 2G licences, Norwegian IT Minister Ms Rigmor Aasrud has sought an appointment with her Indian counterpart to discuss the issue...

Tritech Launches Real-Time Anchor & Riser Monitoring System for FPSOs

Tritech, leader in acoustic technologies, has developed a system for the real-time integrity monitoring of mooring lines, umbilicals and risers on Floating Production Storage and Offloading Units (FPSOs). RAMS (Riser and Anchor Monitoring System) is...

Apex Court orders IOC to pay Rs. 979 Cr. Entry tax to UP Govt

New Delhi, February 1, 2012 : Following to supreme court directive, in a major blow to state run oil refiner, Indian Oil Corporation (IOC) may have to pay Rs 979 crore to the Uttar Pradesh...

Sify establishes Undersea Cable Landing Station in Mumbai

Sify Technologies Limited, a leader in Managed Enterprise, Network and IT Services in India with growing global delivery capabilities today announced the operational readiness of their Undersea Cable Landing Station in Mumbai. Sify is being...

Consumers be prepared to pay more for Electricity

New Delhi, January 6, 2012 : Due to the recent increase in coal prices end user for electricity will end up paying more on their energy consumption at least by 55 to 60 paisa per...

Food inflation turns negative

New Delhi, January 5, 2011 : Food inflation turned negative for the first time in nearly six years, raising hopes that the RBI might ease back on lending rates soon. The wholesale price index for...

Green signal for four RIL D-6 satellite field development

New Delhi, January 03, 2012 : Management committee of Reliance Industries Ltd (RIL) [stockquote]Reliance[/stockquote] operated D-6 block has approved the development plan of four satellite fields. The investment plan for Four fields is worth about $1.53...

EPFO seeks Finance Ministry to Fix Rates

EPFO has sought Finance Ministry’s Intervention in order to fix Rates on its close to 5 Crore subscriber for 2011-2012. The Central Board of Trustees (CBT) of the EPFO, which includes Government, employer and employee...

KG-D6 gas output dips to 39 mmBtu : RIL

New Delhi, December 15, 2011 : Reliance Industries’ eastern offshore KG-D6 gas fields have seen output dipping to below 40 million standard cubic metres per day. Dhirubhai-1 and 3 (D1 and D3), the first two...

Rupee off from record intra-day low, RBI meeting eyed

Mumbai, December 15, 2011 : The Indian Rupee recovered from the intraday lows on possible RBI intervention.By the time Indian Equity Market closed the rupee was at 53.86 against the dollar, recovering from the intra-day...