Business

Pranab Mukherjee also told parliament that the burden of proving tax evasion will lie with the authorities rather than with overseas investors.

In January 2011, iGate-led consortium bought about 63 per cent stake in IT firm Patni Computer Ltd.

Bharti, nearly a third owned by Southeast Asia's top phone carrier SingTel, operates in 20 countries across Asia and Africa.

Standard & Poor's last week cut India's outlook to negative from stable.

Adidas said it had already replaced its management at Reebok India and the situation could result in a pretax impact.

Move by rating agency S&P to cut the country's credit rating outlook to "negative" has complicated matters.

A number of key regional bourses will be shut on Tuesday for Labor Day/May Day holidays.

Swiss engineering group ABB this week reported profit that was shy of analysts' expectations due to weak Chinese demand.

State-owned oil companies haven't raised diesel, domestic LPG and kerosene for almost a year despite cost of raw material rising by a quarter.

Vodafone had served a notice on the Indian government invoking Bilateral Investment Protection Agreement(BIPA) between India and the Netherlands and threatened international arbitration in the tax case.

For the 900 Mhz band, TRAI has proposed a base price at Rs 7,000 crore, which is twice the price set for 3G.

Essar and Loop promoters had moved their bail pleas after they appeared before Special CBI Judge OP Saini on March 31, 2012.

Trading mistake hammered the NSE benchmark which touched an intraday low of 5245, before closing down 41.55 points or 0.78 per cent at 5,290.85.

The reply is likely to quote China and UK retrospective amendments in support of the Indian proposal.

The airlines allege that the site favoured GoAir, SpiceJet and Kingfisher and was following an opaque fare policy.

India's GDP expansion is estimated to have declined to 3-year low of 6.9 pc in 2011-12 on account of high cost of borrowing.