Nokia's appeal against Rs 2080 crore tax demand dismissed

	Nokia's appeal against Rs 2080 crore tax demand dismissed New York: Indian authorities have dismissed Nokia's appeals against an income tax bill of Rs 2,080 crore, the phone company said on Friday, a setback for its efforts to resolve the dispute in a crucial market. Nokia's India unit was served in March with the tax ...
	GDP growth at sub-5% in 2nd straight quarter of FY13 Economic growth refused to perk up much, rising marginally by 4.8% in the fourth quarter of 2012-13 from almost a two-year low of 4.7% in the previous quarter. The very fact that low 5.1% growth in the fourth quarter of 2011-12 could not lift GDP expansion in ...
	Achieving 6% growth remains a challenge: Montek Singh After recording a gross domestic product growth of 4.8 percent and 4.7 percent in previous two quarters and 5 percent for the fiscal 2013, achieving 6 percent growth in current fiscal would remain challenging for the Indian economy, Montek Singh Ahluwalia, ...
	BSE gets nod for debt trading platform The Bombay Stock Exchange has received an approval from the market watchdog Securities Exchange Board of India (Sebi) to launch its debt platform under the new regulations. The regulator's approval allows the exchange to launch a debt platform where ...
	Forex reserves rise $0.11 b to $292.07 b India's total foreign exchange reserves increased by $0.11 billion to $292.076 billion in the week ended May 24, according to the Reserve Bank of India. In the previous reporting week ended May 17, the forex reserves had dropped $1.72 billion to $291.96 ...
	Jet Airways shares hit air-pocket, down 7% amid poor response to OFS Extending its losing run to the ninth straight session, shares of Jet Airways today slumped by 7 per cent on heavy selling as the company's offer to sell over 43.17 lakh shares via the OFS route was under-subscribed.
	Gram sabhas' notice will not hinder Maruti's expansion plans: Chairman The notification of the Mandal Becharji Special Investment Region (SIR) in the Sanand-Viramgam area of Gujarat will not affect expansion plans of Maruti Suzuki India Limited (MSIL) in the state, senior government officials and MSIL Chairman R C Bhargava ...
	Petrol price hiked by 75 paise per litre Oil companies on Thursday hiked the price of petrol by 75 paise per litre, without taxes. The hike comes after the highest cut in over five years by Rs.3, a month ago. The fall in rupee against the US dollar, puts pressure on oil companies that buy crude in the ...
	Sun Pharma in talks to buy Meda for $5-$6 bln: sources By Sumeet Chatterjee and Kaustubh Kulkarni. MUMBAI | Fri May 31, 2013 6:33pm IST. MUMBAI (Reuters) - Sun Pharmaceutical Industries Ltd (SUN.NS) is in talks to buy Swedish drugmaker Meda AB (MEDAa.ST) for $5 billion-$6 billion to boost its generics ...
	Direct selling firms seek separate regulation for the industry Indian Direct Selling Association (IDSA), the 19-member industry body that represents direct-selling companies in the country, on Friday, sought a separate regulatory framework with clearer guidelines governing the direct-selling entities in India. “We want ...