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Attorney General not in favour of appeal in Vodafone tax case

The Attorney General has asked the Income Tax Department to desist from filing appeal against the Bombay High Court's ruling that Vodafone is not liable to pay an income tax demand of 3,200 crore rupees in a case relating to transfer pricing. Mr Mukul Rohatgi said in New Delhi that he has asked...


E-commerce giant Ali baba to invest more funds in India

China's wealthiest man and Alibaba founder Jack Ma has said that he is keen to invest more funds in India. Speaking at a FICCI event in New Delhi yesterday, he said he will work with Indian technology entrepreneurs as he believes Internet can transform the country's future. Jack Ma, who is o...


RBI to sell Rs 12,000 crore govt bonds through OMO

Reserve Bank today said it would sell 12,000 crore rupees government bonds through Open Market Operations - OMO to mop up liquidity from the system. A RBI statement says that the OMO will be conducted on 1st December through multi-security auction using the multiple price method. RBI has said that...


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