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Popular Articles

Embarrassing code
That the new direct taxes code is proving embarrassing for the government is obvious, it’s just that one didn’t realise the government felt the same way as well. At one point the code says, “A business shall be distinct and separate from another business if there is no interlacing, inter-dependence or unity ‘embarrassing’ the two businesses.” Now that’s embarrassing.

India proposes bilateral talks with EU, US on climate change
India has proposed bilateral dialogue with the US and EU on the issue of climate change on the lines of one it is set to hold with China later this month, Environment Minister Jairam Ramesh has said.

News of the day

DoT wants telcos to share info with auditors on time
The government has written to telecom operators, Bharti Airtel, Idea Cellular, Vodafone and Tata Teleservices, asking them to be punctual in sharing information with special auditors looking into revenue leakage.
Small Business

Binani Cement Q3 net rises 573%

Increased capacity and demand have helped cement manufacturer Binani Cement post a whopping 573 per cent jump in net profit at Rs 57 crore in the third quarter this fiscal compared to the same period last year. "Demand has come up from the Commonwealth Games. Moreover, because of the Telangana issue in Andhra Pradesh which now looks like settling down will now revive activity in the south," Binani Cement"s Managing Director Vinod Juneja told reporters here today. Net sales in the third quarter were up 12 per cent at Rs 402 crore compared with Rs 360 crore in the year-ago period. Net profit in the year-ago period was Rs 8.5 crore.


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