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Monthly News December 2013

Vodafone wins final approval for $1.6 billion deal to fully own Indian unit
Vodafone to challenge IT Dept’s ta...

Vodafone to challenge IT Dept’s tax demand in call centre case

New Delhi – UK-based telecom major Vodafone on Friday said it will challenge tax authorities’ order in a case related to sale of company’s call centre business, for which a demand of about Rs 3,700 crore was raised. “Vodafone disagrees with the Dispute Resolution Panel... read more »

India hopeful of solution despite US refusal to drop case
India hopeful of solution despite US ref...

India hopeful of solution despite US refusal to drop case

India on Friday said entire gamut of India-U.S. ties needs to be kept in mind by both sides while dealing with the case against its diplomat Devyani Khobragade and hoped that the matter will be resolved despite the U.S. refusing to accept its demand of withdrawing charges against her. Terming as... read more »

Congress MP Kunal Ghosh
Saradha Chit fund scam: Kunal sent to po...

Saradha Chit fund scam: Kunal sent to police custody

Suspended Trinamool Congress MP Kunal Ghosh, who was arrested on November 23 in Saradha Group chit fund scam, was on Friday sent to police custody for four days in a fresh case of cheating by a local court. Mr. Ghosh was remanded to four days police custody by Purba Kundu, ACJM of Chandangar... read more »

Hyderabad police book Salman for insulting religion
Hyderabad police book Salman for insulti...

Hyderabad police book Salman for insulting religion

Hyderabad – Police here Friday booked actor Salman Khan for hurting religious sentiment of Muslims in a TV reality show hosted by him on Colors channel. A case against Salman and producers of the show “Bigg Boss” for insulting a religion was booked under section 295 of the Indian... read more »

UK's Tesco eyes 50:50 supermarket JV with Tata

UK’s Tesco eyes 50:50 supermarket JV with Tata

Seeks to invest Rs 682 crore in Trent. ‘We’d like to get more involved in this exciting market,’ says Trevor Masters, CEO, Tesco Asia. More than a year after the... read more »

Rajan meets FM ahead of monetary policy review

The Reserve Bank of India outlines action plan to tackle NPAs

The Reserve Bank of India, on Tuesday, outlined a corrective action plan to minimise rising non-performing assets (NPAs). The plan would include incentivising early identification of... read more »

Capital goods stocks drop

Sensex up over 58 points in early trade

The benchmark BSE Sensex on Wednesday recovered by over 58 points in early trade on emergence of buying by funds and retail investors ahead of the RBI’s policy review. The 30-share index,... read more »

SC restrains UP Police from acting against Taslima

SC restrains UP Police from acting against Taslima

New Delhi – The Supreme Court Tuesday restrained Uttar Pradesh Police from taking any coercive step against self-exiled Bangladeshi writer Taslima Nasreen following her criticism of... read more »

Home minister has promised justice for Devyani: Father

Home minister has promised justice for Devyani: Father

New Delhi – Indian diplomat Devyani Khobragade’s father was assured by Home Minister Sushilkumar Sh! inde Tuesday that justice would be delivered and the government is trying to drop the... read more »