CORPORATE
ESOPS
Fringe benefit tax on ESOPs disappoints IT cos
`It may end up burdening the employee more'
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BUDGET
No triggers for India Inc
If the global jitters rattled the market as it opened for trading on Wednesday, a lukewarm Budget delivered the knockout punch. The market, which had melted by over 600 points since the start of the month, plunged by another 540 points during the ...
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COURTS/LEGAL ISSUES
Haldia Petro case adjourned till March 12
Justice Jayanta Kumar Biswas of the Calcutta High Court today adjourned the Haldia Petrochemical case till March 12. Counsel for Chatterjee Petrochem (Mauritius) Co (CPMC) submitted today before the court that The Chatterjee Group had filed four ...
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TAXATION
DIVIDEND TAX
Payout tap will not run dry
Top index constituents with significant cash coffers may choose to absorb the additional tax.
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Hike in dividend distribution tax upsets corporate sector
Negative impact on domestic companies feared
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CORPORATE BONDS
`Exchangeable bonds will unlock value for corporates'
Global slide triggered decline in Indian stock indices: Chidambaram
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Ministry to seek oil bonds worth Rs 5,500 cr
The Petroleum Ministry will approach the Finance Ministry to seek its approval for oil bonds worth Rs 5,500 crore for the fourth quarter (January-March) this year, the Petroleum Secretary, Mr M.S. Srinivasan said. He said the funds would be used ...
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RESTRUCTURING
Banks, FIs agree to settlement with Trayons
The lender banks and financial institutions of Travancore Rayons Ltd (TRL) have agreed in principle to reach a one-time settlement with the company's prospective promoter, Elenjical Group of Industries. At a meeting convened on Wednesday by the ...
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