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Shifting the goal-posts
Business Standard / New Delhi December 21, 2009, 0:38 IST

Indian IT firms shrug aside EU tax concern
Even as the Indian IT industry is studying the fine print of the European Union (EU) to expand the scope of value-added-tax (VAT) from January 1, to include services like back-office operations, call centre work and administrative services delivered from non-EU nations (including India), it does not appear to be unduly perturbed.

News of the day

Coal unions oppose disinvestment of CIL
Five major coal unions today opposed the government"s move to sell its stake in Coal India (CIL) saying the firm is competent enough to meet its financing needs and demanded infrastructure status for the sector.
Home Business

NEWSALERT: Adlabs files winding up petition of Subhiksha Trading Services

Anil Dhirubhai Ambani Group"s subsidiary Adlabs films today filed up a winding up petition of Subhiksha Trading Services. - Adlabs lines up Rs 150 cr capex, eyes net profit in FY 10 - Adlabs gets govt nod for radio biz demerger - Big Cinemas to launch multiplex in Chicago - Big Cinemas" first Multiplex launch in Chicago - Adlabs Films to give big push to its media BPO operations - Subhiksha gets interim stay on liquidator Earlier the company had filed a petition opposing Subhiksha"s merger. According to Adlabs sources Subhiksha has to owe Rs 43 lakh to Big FM, owned by Adlabs films, as advertising fees. Details Awaited


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