Vodafone to go ahead with arbitration
Telecom major Vodafone, which is locked in a Rs 20,000-crore tax dispute, on Thursday said it will continue with the arbitration process as the government has decided not to drop retrospective tax laws in existing cases. “We note the Finance Minister’s announcement that all existing cases... read more »
Gold, silver extend gains on sustained buying
Gold prices rose further by Rs 75 to Rs 28,200 per 10 grams on Thursday, extending Wednesday’s gains in New Delhi on increased buying by jewellers and retailers amid a firming global trend. Silver followed suit and gathered Rs 100 to Rs 45,200 per kg. Marketmen said the rise in gold prices was... read more »
Indonesia deadlock: Court may determine new president
A day after Indonesia’s presidential elections failed to produce a clear winner, Jakarta’s police chief promised to prevent violence by cracking down on anyone celebrating prematurely. With both candidates continuing to claim victory, the next leader of the world’s third-largest democracy... read more »
Infosys net profit up in first quarter
Indian IT bellwether Infosys Ltd posted a net profit of Rs.2,866 crore for the first quarter (April—June) of this fiscal (2014—15), registering 21.6 percent year—on—year (YoY) and 3.5 percent sequential growth. In a regulatory filing to the Bombay Stock Exchange (BSE) Friday, the global... read more »
