7th March 2014
THOUGHT OF THE DAY
“ YOU ARE NEVER TOO OLD TO SET ANOTHER GOAL”
The finance ministry has directed loss-ridden United Bank of
to recover bad loans worth at least Rs 1 crore every day from
each of its 36 circles until the end of this month.
Industry body FICCI has voiced concerns against attempts
being made by some American businesses to get India
designated as a 'Priority Foreign Country', saying the
country's intellectual property eco-system is robust and nondiscriminatory.
Indian ecommerce flag bearer Flipkart has hit $1 billion in
sales. This is a coming of age for Indian ecommerce as the
market leader hits the target a year ahead of schedule.
The Securities Appellate Tribunal has rejected Sebi's plea
seeking a review of tribunal's order reducing the penalty
imposed on Triveni Management Consultancy Services for
MCX CRUDE OIL
Bharti Group, is in talks with two global retail chains, French
major Carrefour and Japan's largest retailer Aeon with the
intention of forming a new joint venture with one of them.
Dow Jones Industrial
RBI / TAX LAW UPDATES
RBI have released the result of RBI Reverse Repo auction
held on March 06, 2014.
IT: Following order passed by co-ordinate Bench of Tribunal
in assessee's own case for assessment year 2005-06,
impugned adjustment made by authorities below in respect
of commission paid by assessee to its AE for rendering
marketing services was to be set aside.