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Invoking Govt in gas pricing by RIL 'mischievous': RNRL to SC
Anil Ambani group firm RNRL today told the Supreme Court that the government"s approval was not required for sale of gas by RIL to it and alleged that the Mukesh Ambani-led company had "wrongfully and mischievously" sought to pass this off as a condition.

Slum reduction key to urban development: APSA
At a time when cities are looking at improving transport and residential properties for urban development, the Asian Planning Schools" Association (APSA) concluded on the first day of its 10th International Congress held at Centre for Environment Planning and Technology (CEPT) University that the key lies in reducing number of slums as well.

News of the day

Nothing new in taxing perks: Chawla
The Finance Ministry today said asking the employees to pay taxes on their perquisites is not new because such incentives were under the net even prior to the Fringe Benefit Tax (FBT).
Small Business

US markets end flat

US markets ended flat on Tuesday. The Dow dropped three points at 10,194. The Nasdaq slipped seven points to 2,204. - US markets end higher - US markets end firm - US markets end negative; Sterlite ADR slips 3% - US Markets end up; Wipro slumps 7% - US markets end in red - US markets end mixed; ADRs in green The Indian ADRs closed weak. ICICI Bank ended at $34, weaker by $2 or 6.3%, HDFC Bank closed at $123, lower by $4 or 3.6% and MTNL ended at $3, down 1.7%. Among the IT stocks, Infosys closed at $54, lower by $0.4 or 0.8% and Wipro ended at $21, down $0.3 or 1.7%.


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