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Govt rethink on powers to hike excise rates
"The decision to promulgate an Ordinance was undertaken for a specific purpose of raising duties on petrol and diesel. It was never our intention, even then, to tinker with duty rates on any other commodity."
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Search & seizure by SEBI may be tied to court approval
THE Government's proposal to grant search and seizure powers to the Securities and Exchange Board of India (SEBI) will hinge on the capital market regulator obtaining approval of the designated court each time for such an exercise, according to ...
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Cap on investment arms of corporates under study
THE Government is considering a proposal to limit the number of investment firms that can be floated by a company or a corporate group. The Department of Company Affairs (DCA) has already set up a five-member committee to examine the prospects ...
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Zee acquires 64 pc stake in Padmalaya
ZEE Telefilms Ltd (ZTL) announced on Tuesday that it is acquiring a strategic stake in Padmalaya Telefilms Ltd (PTL) through the acquisition of 64.3 per cent stake in PTL's holding company, Padmalaya Enterprises Pvt Ltd (PEPL). The ...
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Tulip pays up for Juhu Centaur -- Management control later
HONOURING the deadline set by the Union Government, Tulip Hospitality Services, promoted by Mr Ajit Kerkar, paid the bid price of Rs 153 crore into an escrow account for acquiring the Juhu Centaur property of Hotel Corporation of India ...
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