The department of telecommunications was likely to ask the government for an extension to resolve the issue, as RIM needed time to provide real time access to its corporate e-mails, a senior official said. About 1 million Indians use BlackBerry.
According to tax experts, the restructuring would lead to a much lower tax outgo on dividend distribution.
India Inc on Tuesday expressed deep reservations over the supplier liability provision -- the contentious Clause 17(b) -- in the Civil Liability for Nuclear Damages Bill, 2010, saying it would seriously hinder nuclear commerce.
On Thursday, Intel Corp agreed to buy McAfee Inc for $7.68 billion. Reports said that McAfee investors will receive $48 a share in cash. This is Intel's biggest-ever acquisition.
The Indian industry seems confident on the latest bit of political rhetoric from the United States on the outsourcing of work and jobs from there, culminating in a reported statement from President Barack Obama on the process being reversed.
Several cargo containers abroad one of the ships were flung into the sea following the accident, which also triggered an oil slick along the Mumbai coast.
Move comes on the heels of a fresh attempt to break the impasse between the government and RIM.
The final blueprint of the multi-crore global tie-up between Volkswagen and Suzuki Motor Corporation has started to unfold, with Maruti Suzuki looking at becoming an original equipment maker in cars for the German automaker for markets outside India.
Under the 2007 agreement between Vodafone and Essar, the latter has a put option of divesting its stake in the telecom venture.
Finance Minister Pranab Mukherjee said the statutory joint committee, proposed to be set up to resolve disputes between financial regulators, would come into play only when there was a conflict between two regulators in an area of hybrid products.
India's merger and acquisition rules are all set for a makeover, with a panel set up by the market regulator virtually rewriting the Takeover Code. The new rules, experts said, were likely to make M&As expensive, while offering better terms to minority shareholders.
The Delhi government rolled back the hike in value added tax (Vat) on diesel, bringing down the price by Rs 2.50 a litre. Following the reduction in the levy, the price of diesel will be Rs 37.60 with effect from July 20, lower than the Rs 38.10 that prevailed before the recent increase of June 25.the Goa Cabinet also approved a partial roll back of Vat that would reduce prices of a cooking gas cylinder by Rs 15, petrol by 88 paise and diesel by 70 paise.
Other proposals include grading of hospitals, expanding network.
Land prices have gone up by 10-15 per cent in the last year at Sector V and Rajarhat, as realtors expect price further appreciation over the next one year.
In a 21-page discussion paper, it has sought comments from stakeholders on a dozen issues, ranging from allowing retail chains with foreign capital to open stores in select cities to government approval for opening each store, mandatory hiring of rural population and sourcing from small and medium enterprises.
The ratio is based on the valuation made by consultancy firm KPMG.
The Indian Institute of Management, Ahmedabad (IIM-A) has finally agreed to set up a satellite campus near Hyderabad. The decision was taken at a board meeting of the premier B-school on June 24, according to government officials.
While oil marketing companies would be free to price their products (only petrol, for now) periodically, they would also be conscious of where to source their products.
Reliance Infratel, the tower arm of Anil Ambani-led Reliance Communications, has agreed to merge its 50,000-tower portfolio with GTL Infrastructure in a cash and stock deal, making it arguably one of the largest merger and acquisition transactions in India.
Jet Airways had purchased a 2.5-acre plot from the Mumbai Metropolitan Region Development Authority in March 2008 for Rs 826 crore (Rs 8.26 billion) for developing its global headquarters. However, the airline did not go ahead with the plans and started negotiations to sell off the land.
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