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Rediff.com - Business News
Chelsea eyes Indian tie-up
West London-based Chelsea Football Club is scouting for a partnership with an Indian corporate house. The club wants to use the platform to launch its soccer schools and float a franchise that would sell branded merchandise and mobile content, as well as run cafes and restaurants. Bhopal haunts Dow R & D unit Dow Chemical Company is once bitten, twice shy. Close on the heels of its US parent's move to deny liability for damages resulting from the Bhopal gas tragedy at a plant run by Union Carbide (a company it had bought), Dow India has called off a greenfield project to establish a research & development facility in Maharashtra. The man who is building India's highways IRB Infrastructure, which executed the country's first build-operate-transfer road project, is one of the largest operators of such ventures. Vodafone to challenge HC verdict in SC Vodafone on said it is seeking legal advice to challenge the Bombay High Court order that dismissed its plea against the I-T department's Rs 12,000 crore (Rs 120 billion) demand in tax and penalty on the company's acquisition of Hutchison Telecom in a deal of about Rs 50,000 crore (Rs 500 billion). CVC may scuttle mega 2G scam probe, says BJP Alleging that the chief task of the new Central Vigilance Commissioner, P J Thomas, is to scuttle the Central Bureau of Investigation probe that his predecessor had ordered into the 2G spectrum allocation scam, the Bharatiya Janata Party has coined a slogan: 2G is maha Bofors ghotala. HC dismisses Vodafone plea against I-T department The Bombay High Court has dismissed Vodafone petition challenging the show cause notice issued by income tax department asking them to pay over $2 billion tax on the multi-crore Hutchinson takeover deal. Be patient, Orissa govt tells Vedanta A delegation of Vedanta Group led by Kumar met Mohanty and urged him to accelerate process of providing alternative source of bauxite after the company was refused permission to start mining atop Niyamgiri hills in Kalahandi district. Ohio outsourcing ban is trade barrier: India Inc The Indian IT sector, which gets 60 per cent of its export revenue from the US, on Wednesday said the move by the state of Ohio to ban outsourcing by government departments to offshore locations like India is discriminatory and amounts to a trade barrier. DTC: Baby steps in tax reform It's important to make the penalty system an effective deterrent to ensure greater efficiency in the tax system, says M Govinda Rao. Cashless mediclaim: Pvt insurers to adopt PSU rate By packaging rates and stabilising costs, insurers expect to cut expenses. More ...
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