Hexaware Technologies is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1CY11 USD revenues are seen up 5.1%-5.8% at USD 70-70.5 million versus USD 66.6 million - inline with guidance of USD 70 million.

On March 16 the European Commission adopted formal proposals regarding a Common Consolidated Corporate Tax Base (CCCTB) for the European Union (EU).

Tata Power Company (TPC) on Wednesday said it will invest Rs 1,300-crore in FY12 to add 185 MW generation capacity from wind and solar energy.

India's tax department has returned about Rs 20,000 crore (USD 4.5 billion) in income-tax refunds so far in April, a finance ministry official said on Wednesday.

IT czar Azim Premji on Wednesday declined to offer comments on Infosys Technologies Ltd, post retirement of its Chairman N R Narayana Murthy, saying he has no "privileged knowledge".

Cross-border acquisitions of Indian companies have been a focus of the Indian Tax Authority over the last couple of years.

By: Vipul Jhaveri, Deloitte Haskins & Sells

Financial Sector Legislative Reforms Commission (FSLRC) was notified by the Government on March 24, 2011 pursuant to an announcement made by the Finance Minister in the 2010-11 Budget.

A C Choksi is bullish on MOIL and has recommended buy rating on the stock with a target of Rs 448 in its April 26, 2011 research report.

According to IIFL, traders can short HDFC May Future between Rs 745-747 with stop loss of Rs 760 for an initial target of Rs 715, in its April 27, 2011 research report.

Angel Broking is bullish on Reliance Industries (RIL) and has recommended buy rating on the stock with a target of Rs 1189 in its April 23, 2011 research report.

IIFL is bullish on Biocon and has recommended buy rating on the stock with a target of Rs 398 in its April 27, 2011 research report.

The Enforcement Directorate today told the Supreme Court that property worth Rs 2,000 crore each will be attached against two companies which are involved in the 2G spectrum scam during the tenure of former telecom minister A Raja.

Astra Microwave at its meeting held on April 27, 2011 has declared dividend at Re 0.50 per share for the year.

Tata Elxsi at its meeting held on April 27, 2011 has declared dividend at Rs 7 per share of Rs 10 each.

Manali Petrochemical at its meeting held on April 27, 2011 has declared dividend at Re 0.50 per share of Rs 5 each.

Dabur India at its meeting held on April 27, 2011 has declared final dividend at Re 0.65 per share of Re 1 each.

Sangam India at its meeting held on April 27, 2011 has declared dividend at Rs 1.50 per share.

Hyderabad Industries at its meeting held on April 27, 2011 has declared dividend at Rs 10 per share of Rs 10 each.

Orient Paper at its meeting held on April 27, 2011 has declared dividend at Rs 1.50 per share for the year ended March 31, 2011.

Ingersoll Rand at its meeting held on April 27, 20 has declared final dividend of Rs 3 per share for the financial year 2010-11.

Thermax has bagged order worth Rs 366 crore for a 120 MW captive power plant.

Kirloskar Pneum at its meeting held on April 27, 2011 has declared dividend at Rs 12 per share of Rs 10 each.

Bajaj Hind has its Board of Directors meeting on April 30, 2011 to consider rights issue.

Rajshree Sugars has its Board of Directors meeting on May 18, 2011 to consider dividend.