Thursday, 19 September 2013

NEWS WRAP - SEPTEMBER 19, 2013

  • New Tax rules introduced to reduce transfer Pricing rows.
  • Bharti Airtel shares rally as Singapore Telecommunications Ltd. (SingTel) pledges support.
  • Wagh Bakri is stepping up expansion of its Tea Lounges business with plans to set up 50 outlets in three years in metros.
  • Telecom Commission okays Rs. 5000 crore Government Subsidy to provide 2.5 crore Mobile handsets.
  • 14 Collective Investment Scheme (CIS) entities convicted in FY13, overall convictions at 138.
  • India signs Double Taxation Avoidance Agreement (DTAA) with Latvia to prevent Income Tax Evasion.
  • Jewellery designer Nirav Modi plans to open at least 10 retail stores in India and Overseas and introduce pieces at Lower price points.
Source: Economic Times

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