Sunday March 30, 2008

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DoT clears Tata-Virgin deal 

New Delhi, Mar 29:
Putting to rest all controversy over the Tata Teleservices-Virgin alliance, the department of telecom (DoT) on Friday gave it a clean chit after receiving answers to its queries on whether the tie-up was above board.
 
EU to rule on Tata's Jaguar takeover 

Brussels, Mar 29:
The European Commission said on Sunday it would rule on Tata Motor's takeover of Jaguar and Land Rover from Ford by the end of April after the Indian company notified the deal to Europe's top antitrust watchdog.
 
Govt unhappy over Nath's visit flip-flop 

New Delhi, Mar 29:
India has conveyed its unhappiness to China over the "flip-flop" and changes in the dates of meeting between commerce and industry minister Kamal Nath and his Chinese counterpart Chen Deming, scheduled for April 2.
 
India charges 2nd highest taxes from foreign COs: Forbes  

New York, Mar 29:
India charges the second highest corporate tax from foreign companies, next only to the US (New York City), says the Forbes magazine.
 
Reliance Energy buys back 8.3 lakh shares in 4 days  

Mumbai, Mar 29:
Anil Ambani group firm Reliance Energy has bought back 8.3 lakh shares of the company since the beginning of the offer.
 
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