Sensex kisses 20000, may not rise much more

	Sensex kisses 20000, may not rise much more The 30-share BSE Sensex on Wednesday touched the psychological mark of 20,000 after a gap of more than three months before closing marginally lower at 19,990.18 on heavy buying by foreign institutional investors (FIIs) and positive global sentiment but ...
	BMW faces a whopping Rs 650-crore duty evasion notice in India The CBEC is likely to serve a Rs 650-crore show-cause notice to luxury car maker BMW alleging that it imported semi-knocked down cars but paid duty for completely-knocked down car units. "The Central Board of Excise and Customs (CEBC) Chennai office ...
	SKS Microfinance posts Rs 2.7 crore profit in March quarter The company reported that net loss narrowed to Rs.297.13 crore from Rs.1,360 crore in the previous fiscal. Photo: Bloomberg. Updated: Wed, May 08 2013. 09 47 PM IST. Hyderabad: SKS Microfinance Ltd, India's only listed microlender, on Wednesday ...
	Ranbaxy net dives 90% in first quarter Ranbaxy Laboratories reported a net profit at Rs 125.75 crore for the first quarter ended March 31, 2013. The result showed a decline of 89.91 per cent in their consolidated net profit compared to the corresponding quarter of the last year, which was of Rs ...
	Green tribunal refuses to give interim relief to Sterlite's copper smelting plant The National Green Tribunal (NGT) on Wednesday refused to grant any interim relief to UK-based Vedanta Group company, Sterlite Industries Ltd, to commence operation of its copper smelting plant in Tamil Nadu's Tuticorin district. A bench headed by (NGT) ...
	Islamic banking inconsistent with the regulatory set up in India, says RBI ... MUMBAI: The Reserve Bank of India governor D Subbarao on Wednesday said implementing Islamic banking model in India would be impossible because it is inconsistent with the banking regulatory set up where interest is charged and given. However, he ...
	Railway officers want Dept of Personnel to handle promotions, postings The Federation of Railway Officers' Associations (FROA), the apex body of more than 10,000 railway officers, has sought Cabinet Secretary Ajit Seth's intervention to enlarge the scope of the work of the Centre's Department of Personnel & Training (DoPT) to ...
	Telenor, Tata in alliance move The Tata group and Norwegian telecom major Telenor have appointed merchant bankers to advise them on a possible strategic alliance that could include merger or sale of equity in Tata Teleservices. While Telenor has appointed Citibank, the Tatas have ...
	Finland seeks settlement on Nokia tax case The Finnish government is seeking a negotiated settlement to the Rs 2,000-crore tax dispute between the country's telecom company Nokia and the Indian tax authorities. "The Government of Finland has filed an application with the Indian government to ...