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Govt widens tax net for perks, applicable right away for entire year
Your tax burden has just gone up, with the government today issuing the new guidelines for taxation of perquisities. In fact, it could be a double whammy, as you have to pay the additional tax liability for the whole of this financial year over the next three months. generic levitra

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Dish TV to raise Rs 1,000 crore
Dish TV, the direct-to-home (DTH) arm of Subhash Chandra’s Essel group, will raise Rs 1,000 crore from foreign markets, issuing foreign currency convertible bonds (FCCBs) in a month.

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GMR Energy drags Ministry of Power, REC, PFC to Delhi HC
GMR Energy, a subsidiary of the GMR group, has challenged in the Delhi High Court its disqualification from bidding for three power transmission projects worth Rs 6,800 crore and sought a stay on the tendering process.
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Sensex jumps over 17K, up 200pts

The Sensex after rebounding into positive zone has surged singificantly mainly on account of fresh buying in index heavyweights. The index has now re-gained the 17,000-mark, and is now up 224 points at 17,010. The Nifty is up 58 points at 5,047. Cox & Kings Q3 net jumps 88% to Rs 19 cr UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit All the sectoral indices are trading flat now. Bharti Airtel and Reliance Infrastructure have slipped 3% each to Rs 284 and Rs 1,073, respectively. Wipro and ICICI Bank have declined 2% each to Rs 631 and Rs 868, respectively. Mahindra & Mahindra, Tata Steel, SBI and Sterlite have declined 1% each. ACC has advanced around 3% each to Rs 752. HDFC and Hindalco has added 1.5% each at Rs 2,793 and Rs 131, respectively. The market breadth is negative, out of 2,653 shares traded, 1,499 have declined and 1,063 have advanced so far on the BSE.


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