Shell Wins Tax Dispute In Indian Court
The Bombay High Court on Tuesday ruled in favour of the Indian unit of Royal Dutch Shell Plc in a multi-million dollar tax dispute, the latest verdict against the tax department that has been vigorously pursuing claims against foreign firms in India. Shell had challenged the largest ever claim in... read more »
With gold prices falling, jewellers increase inventory levels
Trying to tap the falling gold prices, lakhs of jewellers across the country are increasing their inventory levels. Around 225 tonne of gold was imported in India in the last two months ahead of the Diwali festival and the marriage season. Almost a fourth of that has been used to replenish... read more »
Nikkei sees biggest drop in three months as recession news hits
Tokyo: Tokyo stocks suffered their biggest one-day slump since August on Monday after Japan`s economy unexpectedly slipped into recession, prompting investors to book profits from recent gains. Japan`s economy unexpectedly shrank an annualised 1.6 percent in the third quarter, following a sharp... read more »
Britannia Q2 net profit jumps to Rs 270.46 cr
Britannia Industries has reported two-fold increase in its consolidated net profit at Rs 270.46 crore for the second quarter. “We have had a net profit growth of 177 percent at Rs 270.46 crore, out of which Rs 124 crore has come from sale of our land in Chennai. If you were to remove that, there... read more »
