News from other websites on Tax
ITC's non-cigarette FMCG segment posts profits for the first time
May 17, 2013 at 19:10 | Source: Business Today
Nearly 12 years after entering the fast moving consumer goods (FMCG) sector, ITC Ltd has finally posted its first-ever profit in the segment in the fourth quarter of financial year 2012/13. The non-cigarette FMCG basket, which includes branded packa...
MPs want ban on investment schemes promising very high returns
May 17, 2013 at 19:10 | Source: Economic Times
NEW DELHI: Members of a Parliamentary panel on Friday pressed for blanket ban on investment schemes promising unreasonable returns and demanded that a law be enacted to have a single regulator to deal with all kinds of chit funds. The Parliamentary S...
IMF approves �1-bn loan for Cyprus
May 17, 2013 at 19:02 | Source: DomainB
The International Monetary Fund (IMF) has approved a �1-billion (SDR 891 million) loan package to debt-laden eurozone nation Cyprus as part of the much larger bailout agreed by the European Union and the IMF earlier in March. The three-year loan h...
High Court clears ''sweetheart'' tax deal between Goldman Sachs and HMRC
May 17, 2013 at 19:02 | Source: DomainB
The High Court, in a ruling yesterday, cleared the "sweetheart" tax deal between HM Revenue and Customs and Goldman Sachs terming it as procedurally flawed but not unlawful. The court listed a number of HMRC failings, including Dave Hartnett, then p...
BSE Sensex crawls to new 30-month high as cap goods shine
May 17, 2013 at 19:02 | Source: DomainB
Indices continued their upward crawl Friday, but it is clear that the market needs a bigger dose of liquidity to be able deliver meaningful returns hereon. Capital goods, power and realty shares were in demand, while investors shunned those from the...
Oil India wants revision in natural gas price
May 17, 2013 at 18:57 | Source: The Hindu BusinessLine
New Delhi, May 17: Oil India Ltd (OIL) has demanded a revision in price for natural gas for state—owned firms alongside the planned hike in rates for private players like Reliance Industries, saying that the current margins are small.“Ou...
MPs want ban on investment schemes promising very high returns
May 17, 2013 at 18:57 | Source: The Hindu BusinessLine
New Delhi, May 17: Members of a Parliamentary panel today pressed for blanket ban on investment schemes promising unreasonable returns and demanded that a law be enacted to have a single regulator to deal with all kinds of chit funds. The Parliament...
ITC Limited profit in quarter jumps 19.5 per cent
May 17, 2013 at 18:57 | Source: Financial Express
ITC Q4 net up 19% at Rs 1,928 cr; FY13 profit at Rs 7,418 cr New Delhi, May 17 (PTI) ITC ltd, a leading conglomerate, today posted 19.42 per cent rise in net profit at Rs 1,927.98 crore for its fourth quarter ended March 31, driven by robust perform...
11 best charts for income-seeking investors
May 17, 2013 at 18:57 | Source: Market Watch
Health-care muni bonds. President Obama’s 2010 health-care overhaul cast a pall of uncertainty over hospitals. Among the biggest fears: the hit from looming cuts to Medicare and Medicaid reimbursement rates as the government moves to squeeze costs...
Ban investment schemes promising very high returns, demand MPs
May 17, 2013 at 18:52 | Source: FirstPost
New Delhi: Members of a Parliamentary panel today pressed for blanket ban on investment schemes promising unreasonable returns and demanded that a law be enacted to have a single regulator to deal with all kinds of chit funds.The Parliamentary Standi...
Google's Eric Schmidt to meet Britain's David Cameron as tax row rages
May 17, 2013 at 18:36 | Source: Economic Times
LONDON: Google Inc's Executive Chairman Eric Schmidt is due to meet British Prime Minister David Cameron on Monday as a participant of an advisory group just days after UK lawmakers lambasted the Internet company's tax affairs. The meeting is a routi...
Sonia Gandhi: The leader who never delivered?
May 17, 2013 at 18:26 | Source: FirstPost
Part 1 was published earlier please click here to read. Continuing from where I left offWhen the going gets tough..the tough are nowhere to be seen:Where was Sonia Gandhi when outrage was boiling over rather disconcertingly on the streets of Delhi ...
Turkey’s exporters hit by eurozone slump
May 17, 2013 at 17:37 | Source: BBC
Turkish exporters have seen trade with eurozone countries slump since the start of the financial crisis. Now, in order to survive, they are targeting new customers in the Middle East, North Africa and right around the globe. In the trendy Kadikoy dis...
Defensive stocks due for a pullback
May 17, 2013 at 17:37 | Source: Market Watch
In a year full of surprises for the market (pleasant surprises, I might add), one of the biggest of all has been the stunning performance of defensive stocks, those steady, low-beta stocks that tend to zig when the economy zags. These dull, stodgy s...
How bond investors can avoid becoming losers
May 17, 2013 at 17:37 | Source: Market Watch
PRINCETON, N.J. (MarketWatch) — Investors throughout the world are flocking to so-called safe havens. The 10-year Treasury (ICAPSD:10_YEAR) has recently been yielding between 1.5% and 2%. Short-term Treasury interest rates are near zero. Even if...
May 17, 2013 at 17:37 | Source: The Hindu BusinessLine
May 17, 2013 The African conundrum Share · Comment · print · T · T- Tweet The sell-off of Government-owned companies – disinvestment or privatisation – has generated enough heat the world over. India has had its fair share of contro...
S&P maintains negative outlook on India, downgrade risk still
May 17, 2013 at 17:25 | Source: Business Today
Standard Poor's (S P) has reaffirmed its negative outlook on India and said there is a one-in-three chance of a downgrade within the next 12 months.However, the agency said there was scope to upgrade India's sovereign ratings if the government unlea...
MPs challenge Google over UK tax reporting
May 17, 2013 at 16:17 | Source: BBC
The internet giant Google has been challenged by MPs over the way it reports its income for tax. The chair of the Public Accounts Committee, Margaret Hodge, said whistleblowers had told her that Google had sold advertising within the UK and invoiced ...
May 17, 2013 at 16:17 | Source: The Hindu BusinessLine
Gandhinagar, May 17: State-promoted Gujarat Alkalies and Chemicals Ltd (GACL) on Friday reported a 53 per cent increase in net profit and 5 per cent in sales for the fiscal ended March 31, 2013 compared to the corresponding period last fiscal, mai...
Mahindra Satyam quarterly net profit down by 15%, sets dividend at 30%
May 17, 2013 at 16:17 | Source: Financial Express
IT services firm Mahindra Satyam today reported 15 per cent decline in profit after tax at Rs 454.12 crore for the fourth quarter ended March 2013 due to higher personnel expenses and provision for taxes. Profit for the same period in the previous f...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
