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Foreign cos face tough action on tax defaults -- Assets abroad targeted for recovery of dues
THE Finance Ministry is set to adopt a carrot and stick policy on foreign companies operating here. Close on the heels of proposing a cut in the corporate tax rate on foreign companies from 48 per cent to 40 per cent, the Ministry has also firmed ...
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Shell seeks to buy out Bharat Shell's LPG biz
THE Shell group has informed the Foreign Investment Promotion Board (FIPB) that it is interested in acquiring Bharat Shell Ltd.'s LPG business. It has sought permission for Butagaz International BV to set up a wholly-owned subsidiary in India for ...
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IOC monopoly over import ends -- BPCL makes first spot crude buy
INDIAN Oil Corporation's (IOC) monopoly over crude imports for public sector oil majors has finally ended, with Bharat Petroleum Corporation Ltd (BPCL) completing its first-ever crude import. BPCL made its first spot purchase of 70,000 tonnes ...
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Is your cell operator fleecing you?
HAVE you ever wondered at the inverse relationship between the falling cellular tariffs and your monthly bill? No, it has nothing to do with the airtime that your mobile number clocks. Check out your mobile bills (starting with the first) and ...
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