Corporate

Essar Oil soars on hopes of Shell refinery buy

The stock finally ended at Rs 135 after touching a high of Rs 136. The counter clocked volumes of 1.10 million shares on the BSE as compared to the the two-week daily average traded volumes of 1.17 million shares on the BSE. ___________________________________________________

Options limited for Madhya Pradesh

Will Madhya Pradesh be isolated on goods and service tax (GST) issue? If highly placed government sources, working the new tax system, are to be believed, the state government will have to follow the trend. “Eventually the state will have to implement the system, we cannot linger on. Other states like Chhattisgarh have also agreed to implement it, Gujarat government has welcomed it, Haryana has accepted it ‘in principle’ except for few points. How Madhya Pradesh can stand out?” asked an official. But the state finance minister has a long list to point out flaws in the new tax system, the main being, “The GST will bring even dal-chawal (rice and pulses) under tax net, which are exempted from VAT.”

Mahesh Vyas: India Inc's Prowess

Mahesh Vyas / New Delhi January 2, 2010, 0:54 IST

RIL to set up world class varsity in India

Mukesh Ambani, chairman and managing director of Reliance Industries Ltd (RIL), will set up a new age world-class university in India.

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