Saturday, March 31, 2012

Hedge fund TCI moves to sue Coal India

Hedge fund TCI moves to sue Coal India

Hedge fund TCI moves to sue Coal India

Posted: 31 Mar 2012 03:53 PM PDT

London-based hedge fund, The Children's Investment Fund, on Saturday said it has instructed its Indian lawyers to begin the process of taking legal action against the state-run Coal India Ltd (CIL) and its directors for breach of key provisions of Indian corporate laws.

Pranab defends amending I-T Act

Posted: 31 Mar 2012 04:43 AM PDT

"We shall have to decide whether you want India to be a no-tax country or India will be a country where there will be taxation," Pranab Mukherjee said.

Sensex snaps 5-week losses

Posted: 31 Mar 2012 04:27 AM PDT

Frenzied buying on the last day of the week helped the benchmark sensex to snap its five weeks losing streak, thanks to clarification given by the finance minister on Participatory Notes.

Lanka hikes tax to curtail auto imports

Posted: 31 Mar 2012 01:48 AM PDT

In a move that will impact Indian auto exporters to the island nation, Sri Lanka today raised tariffs on vehicle imports to curb high import expenditure and the fuel bill.

AI's financial restructuring plan approved by banks

Posted: 31 Mar 2012 01:46 AM PDT

In a big boost to its precarious financial position, Air India's Financial Restructuring Plan (FRP) has been approved by a consortium of banks, which may enable the ailing carrier save several hundred crore in the first year itself.

Yahoo layoffs to begin next week

Posted: 30 Mar 2012 11:02 PM PDT

Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report.
Posted by Harshad at 9:35 PM

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