No capital gains tax here on FIIs from Mauritius -- Past cases not to be reopened, says Govt
THE Government today sought to put an end to the controversy over tax breaks to FIIs registered in Mauritius by stating that the capital gains earned by an investor from Mauritius would be taxable only in Mauritius.

Use of LPG as auto fuel cleared
THE Union Cabinet has decided to amend the Motor Vehicles Act, 1988 to allow the use of LPG as a auto fuel alongwith permission for alteration in the motor vehicles to facilitate this.

QRs as safeguard if required: Govt -- Cabinet nod for law change
THE Union Cabinet today cleared the proposal to seek Parliamentary approval for amending the Foreign Trade (Development and Regulation) Act 1992 vesting the necessary powers with the Central Government to impose quantitative restrictions (QRs) as a safeg uard measure.

Sensex swings up
SHARE prices went on a roller-coaster ride and ended the day with substantial gains on BSE and NSE on Thursday.

Reddy's Labs to hike equity base
DR. REDDY'S Laboratories Ltd (DRL) has decided to raise its authorised share capital to Rs. 50 crores from the existing Rs. 30 crores, keeping in view the proposed issue of American Depository Shares.

In Kerala, return migration gathers speed
MIGRATION in large numbers, long considered an unconventional developmental concept in Kerala parlance and the most productive `industry' engaging nearly two million people in direct employment and supporting seven to eight million of their family member s in the State, is facing a crisis.

ESOP generation in a bind
EMPLOYEES who have been offered stock options (ESOPs) by their companies are today a hassled lot. Life is not as rosy as one believes it to be for them.

Indiainfo buys online music site
INDIAINFO.com today announced its plans to acquire online music site `musicurry.com' in a cash and stock deal. The company did not divulge any financial details pertaining to the acquisition.

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