A whopping Rs.75,509 crore ($16.77 billion) was the amount of tax outstanding against companies in India as on April 1, 2009 of which Rs.9,748 crore ($2.16 billion) was recovered last fiscal, parliament was informed Friday.

Hydropower major Satluj Jal Vidyut Nigam Ltd (SJVNL) has achieved more than seven percent growth in its net sales during the first quarter of this fiscal from its maiden project in Himachal Pradesh, a company's top official said Friday.

Private sector power and automation company ABB India Friday reported a 54.17 percent decline in net profit at Rs.38.31 crore in its second quarter of 2010 as against Rs.83.60 crore in the like period of 2009.

Private sector Hindustan Construction Company (HCC) Friday announced that its subsidiary, Lavasa Corporation, will be entering the capital markets with an initial public offering (IPO) of Rs.2,000 crore.

It seems member privacy is top priority for Soho House.

The government has initiated a study to assess the demand for steel in rural markets, Minister of State for Steel A. Sai Prathap said Friday in the Rajya Sabha.

Late selling pressured a benchmark index for Indian equities Friday to close 123 points lower on a lacklustre day of trade. Global markets too exhibited a negative tendency.

Uttarakhand will be showcased in the 2011 Berlin Tourism Fair to attract more international tourists to the state.

Japanese automotive manufacturer Honda Fridaylaunched its new 1,200 cc super bike, VFR1200F, hoping to start a new era of sports riding in India.

Late selling pressured a benchmark index for Indian equities Friday to close 150 points lower.