Popular Articles

Slowdown hits remittances, says Western Union
With the impact of global slowdown still persisting across countries, there may be a dip in remittances inflow into the country in 2009, according to Rajesh Mehta, director marketing – South and South East Asia, Western Union Services India.

Jaypee, L&T sign Rs 4,000 cr contract for MP power project
Jaiprakash Power Ventures, part of the Jaypee group and L&T-MHI ((a JV between L&T and Mitsubishi heavy industries) have signed an agreement for the supply and erection of the boiler and steam turbine and generator for the Jaypee Nigrie super thermal power project. The contract is valued at Rs 4,000 crore.

News of the day

Sanand plant begins Nano trial production
Tata Motors commenced trial production of the first batch of the Nano at the new mother plant at the Sanand facility last week. The company will start commercial production of the ‘People’s Car’ from March onwards.
Home Business

IT searches at ABG Shipyard offices, official residences

Income Tax authorities are carrying out search operations at various establishments of the shipbuilding and repairing firm, ABG Shipyard, for alleged tax evasion, an Income Tax Department source has said. - I-T raid on ABG Shipyard offices, official residences - Bharati hikes open offer for Great Offshore to Rs 560/share - Stock price of Great Offshore unsustainable: Analysts - Current stock price of Great Offshore unsustainable: Analysts - ABG Shipyard gears up to match Bharati"s open offer - Sebi may ok Bharati"s offer for Great Offshore in 10 days The searches are being carried out in about 26 establishments — both office complexes as well as residences of company officials — across four cities, the source said. The raids are being carried out in Mumbai and Surat, Dahej and Bhuj (in Gujarat), the source said, adding these are being conducted by the Director, Income Tax (Investigation) Unit 1. An official of the company, who asked not to be identified, confirmed the IT raids saying these started at 7 am today.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):