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Popular Articles

F&O OUTLOOK: Nifty may breach 4,941 support
Though the Nifty closed slightly below 5,000 today, the trading volume in the put and call options suggests that bulls will find it difficult to hold on to this level.

Centre to develop plastic parks
The Centre, in a bid to help the Indian plastic industry increase economies of scale to take on the US, China and other countries, plans to set up plastic clusters or parks across the country.

News of the day

Suzlon Energy: Inching ahead
Suzlon Energy announced last week the repayment of its entire outstanding acquisition loan facility of about $780 million. The repayment was funded through the sale of Suzlon’s stake in Hansen Transmissions International NV and a new five-year dollar denominated loan of $465 million from the State Bank of India. Effectively, its consolidated net debt is now lower by roughly $350 million or Rs 1,700 crore.
Corporate

Govt slaps penalty on Kingfisher Airlines

The government today said it has penalised Kingfisher Airlines with a fine of over Rs 26 crore for delay in the payment of tax deduction at source (TDS). "In case of Kingfisher Airlines, a penalty of Rs 26.46 crore for the delayed remittance of deducted tax has been levied," Minister of State for Finance S S Palanimanickam said in a written reply to a question in Lok Sabha. However, an amount of Rs 35.31 crore from April 2008 to March 2009 was remitted to the government account.


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