Aastha Maheshwari

National Bulk Handling Corporation (NBHC) is looking to reinvent itself post its sale by Jignesh Shah's FTIL. The new management is working overtime to ensure that the NSEL scam taint doesn‘t impact the company in any fashion, reports Aastha Maheshwari.

Tata Group's airport plans hit ownership hurdle

Tata Group which was planning to bid for 100% stake in Chennai airport has represented to the government on a cross ownership clause in the RFQ, which may not allow Tata Group arm, Tata Realty and Infrastructure, to participate in the bid at all.

EOW attaches Jignesh Shah's properties, shares

His row house in Aarey Colony has been attached along with a Pune plot worth more than Rs 1.6 cr. Jignesh Shah's Bank FDs worth Rs 11.57 cr has also been attached. EoW has attached 1.19 lakh shares belonging to him in FTIL worth Rs 1.78 cr at current market price

Godrej aims for big share of India's defence-production pie

Even though at present the defence sector contributes less than 10 percent of Godrej & Boyce's overall revenues, the company continues to see immense potential in the sector.

Essar Energy sees margin improvement via refinancing

The company's focus will primarily remain on improving margins and cash flow through asset optimisation and refinancing.

India Inc gets service tax notices of Rs 3000cr: Sources

The Service Tax Department has slapped tax notices to the tune of Rs 3,000 crore to India Inc. Conglomerates like Tata, Reliance, and Birla are likely to come under the taxman's lens.

India Inc Q2 advance taxes likely to fall 12%

Most public sector banks have been the dampeners, suggests data as the country‘s largest bank, State Bank of India (SBI) is likely to shell out Rs 1100 crore as advance tax as compared to the Rs 1820 crore which they paid last year.

CERC seeks discom nod over compensatory tariffs quantum

The Deepak Parekh panel had recommended a compensatory tariff of 45-55 paise for its 4,000 MW Mundra plant and a tariff increase to the tune of 60 paise for its 4,620 MW Mundra plant.

FMC to issue VAT clarifications soon

NSEL has submitted VAT amount details to FMC and is set to release VAT of Rs 186 crore against invoices raised by buyers.

GMR Infra to sell road toll projects to pare Rs 33k cr debt

CNBC-TV18‘s Aastha Mahshwari reports the company will be selling four road toll projects between Hyderabad and Vijaywada in Andhra Pradesh.

Tata Motors gets Rs 400cr notice from service tax dept

According to the service tax department, the incomes that some of these service stations, the authorised service stations earned were not deducting service tax on these incomes.

Kaya, Talwalkars get summons for service tax evasion

Around 25 companies have been issued such tax summons. The department has been saying that some of these companies have been collecting the service tax money, but have not been depositing it, while some others have not collected service tax amount at all since 2010

Hotels, retailers on I-T radar; tax orders to over 100 cos

According to CNBC TV-18's reports Aastha Maheshwari tax orders have been slapped on more than 100 companies for non payment of tax deducted at source (TDS) dues on credit card transactions

Intas Pharma IPO likely, plans to raise Rs 1000-1200 cr

Intas Pharma is likely to file Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (Sebi), in the next two weeks. It has decided to revive its IPO plan.