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Jewellery body seeks TDS amendment in Direct Tax Code
The Rs 1,12,000 crore domestic gems and jewellery industry has urged the government to modify tax deduction at source (TDS) structure suitably in the proposed Direct Tax Code (DTC).

Taro tells shareholders to keep Sun at bay
Ahead of its upcoming annual general meeting on December 31, 2009, Israeli drug company Taro Pharmaceutical has asked its shareholders to reject a takeover bid by Sun Pharmaceuticals.

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Tengzhong seeks govt approval for Hummer deal
Chinese heavy machinery maker Tengzhong said today it expected to get regulatory approval for its acquisition of the iconic Hummer brand from General Motors this year or early next.
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Senators assure Bernanke will win 2nd term

US President Barack Obama phoned Senate allies as two key senators predicted that embattled Federal Reserve Chairman Ben Bernanke will be confirmed for a second term. Obama made calls from the White House to members of the Senate leadership and others yesterday and was assured Bernanke would win confirmation, a senior White House official told The Associated Press. The official spoke on the condition of anonymity to discuss the private phone calls.


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