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California city puts soda tax on November ballot
Voters in Richmond are set to decide whether to make the San Francisco Bay area city the nation's first municipality to tax soda and other sugary beverages to help fight childhood obesity.The Richmond City Council voted 5-2 on Tuesday to place the soda tax measure on the Nov. 6 ballot, despite opposition from grocers and soda drinkers. The tax would apply to soft drinks and other beverages with added

Bajaj Auto net down 45%

Pune-based Bajaj Auto Ltd, India’s second-biggest two-wheeler company, reported a 45 per cent fall in its stand-alone net profit at Rs 772 crore for the quarter ended March 31, 2012, compared

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GAAR provisions to be part of DTC to come into effect in April 2013

The General Anti-Avoidance Rule (GAAR), approved under the Finance Act, will be part of the Direct Taxes Code (DTC) Bill to be tabled in the monsoon session of Parliament. The finance ministry

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PEs & VCs eye exit via offer for sale after STT ruling

Private equity (PE) and venture capital (VC) players are exploring options to exit their investments through the offer for sale (OFS) route, following the recent changes in tax rules governing such

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Elecon Engg net up 4%

Anand-based Elecon Engineering Company Ltd. posted a four per cent growth in its profit after tax, after excluding on sale of investments of Rs 20 crore, for the financial year ended March 31, 2012.

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FM signals tough measures for hard times, austerity coming

To instill confidence among investors feeling jittery about the impact of the euro zone crisis on Indian stock markets and the rupee, the government on Wednesday said it would announce

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