Service tax dept plans to drag airline to court over non-payment of dues It was a mixed day for Kingfisher Airlines: It faced the prospects of its flying licence being cancelled; its chairman, Vijay Mallya, was asked by the Directorate General of Civil Aviation (DGCA) to present a clear…

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On four occasions since 2003, the occurrence of Golden Cross has led to gains ranging from 30 to 77 per cent for the market Markets fell significantly on Thursday. However, the Nifty made an important and rare pattern, known as Golden Cross, which indicated a bullish trend ahead for an e…

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Having achieved scale, the firm?s fast-growing businesses like telecom and financial services are aiding stronger earnings growth. This should lead to better stock valuations The tide seems to be turning for Aditya Birla Nuvo (ABN), which underperformed on the bourses in the past five y…

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Given the tight fiscal room within which the government is operating, for the first time in many years, the Budget may not have any incentive for exporters. “It is unlikely the Budget will have anything to offer to the export community this financial year,” a senior commerce departme…

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After it froze the bank accounts of the beleaguered Kingfisher Airlines, the service tax department has now served a notice on Jet Airways to pay about Rs 69-crore dues in 24 hours or face similar consequences. The airline said it would pay by Monday. Central Board of Excise and Customs …

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MUMBAI: Multi-Commodity Exchange of India Limited (MCX), India’s leading commodity exchange today said its shares will get listed on BSE on Friday, March 9. MCX will become India’s first exchange to be listed, a company statement said here. MCX will be at par with other inte…

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Markets to remain closed on Thursday (08-03-12) on account of Holi. …

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Stocks fell sharply Tuesday, putting the Dow on track for its worst single-day decline of 2012. In recent trading, the Dow was down more than 200 points, or 1.64%, while the S&P 500 was lower by 1.65% and the Nasdaq was off 1.59%. The downturn follows sharp overnight declines in Asi…

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Samajwadi Party is emerging as the single largest party leading in 173 of the total 403 seats in Uttar Pradesh Assembly. BSP, which had won an absolute majority with 206 seats in the 2007 polls, is leading in 98 seats, whereas BJP and Congress are ahead in 56 seats each. Other political…

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Two Indian companies, Tata steel and ONGC, have made it to a list of the world’s most admired companies, compiled by management consultancy giant Hay Group and global business magazine Fortune. While the global rankings of the Indian companies were not known, the worldwide list has …

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