After telecom, Mr Mukesh Ambani-led Reliance Industries Ltd (RIL) is looking to enter the thermal power projects sector and may bid for the ultra mega power projects in Chhattisgarh and Orissa.

In a contradiction of sorts, car dealers here are offering Nano off the shelf, even as Tata Motors claims that it is delivering only against the original one lakh bookings for the world’s cheapest car.

Somdev Devvarman and Prakash Amritraj began their Wimbledon qualifying campaign with easy straight-set wins over their respective rivals here.
Somdev, seeded third in the qualifiers, scored a hassle free 6-2, 6-2 win over Frenchman Guillaume Rufin, while Prakash beat 28th seeded German Dieter Kindlmann 6-3, 6-4.

Arguably the most accomplished batsman of contemporary times, Sachin Tendulkar still has unfulfilled dreams, one of them being to win the World Cup for his team when the event comes to Asia next year.

India and China are expected to see the highest-ever rise in private equity investments from the new and existing investors over the next two years, a survey by global PE firm Coller Capital said.

Mirroring the uptick in the economy, corporate India’s advance tax payments have jumped sharply in the April-June quarter of this fiscal.
Giving details of the advance tax collection, an income-tax official said Life Insurance Corporation (LIC) paid an advance tax of Rs 533 crore compared to Rs 469 crore in the year-ago period, representing a 13.6 per cent rise. June 15 was the last day for making advance tax payments.

The government on Tuesday proposed to retain the income-tax exemption for up to Rs 1.5 lakh paid as interest on housing loans in a year, a step that brings cheers back to home loan borrowers.

The Company Law Board (CLB) on Tuesday asked the Union corporate affairs ministry to submit its reply within 15 days on the plea of Mahindra Satyam seeking time till September 30 to file its financial accounts from 2008 to 2010.

Seeking to contain runaway inflation, the Reserve Bank of India on Tuesday said that it may take action even before the scheduled monetary policy review next month, a move that could result in higher interest rate.

As it bets on a good monsoon for food prices to ease, the government on Wednesday said the Reserve Bank will consider appropriate policy actions to tighten money supply to bring down inflation.