Fwd: Today's Exclusives - Gujarat seals Essar Oil's bank accounts over non-payment of sales tax dues

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From: Moneylife <noreply@moneylife.in>
Date: Mon, Jul 9, 2012 at 7:53 PM
Subject: Today's Exclusives - Gujarat seals Essar Oil's bank accounts over non-payment of sales tax dues
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9 July 2012   Moneylife Exclusive Gujarat seals Essar Oil's bank accounts over non-payment of sales tax dues Moneylife Digital Team Essar Oil was eligible for a tax deferment incentive of up to Rs9,100 crore for 17 years, however it failed to start production from its oil refinery at Vadinar in stipulated time...   ADVT Other ML Exclusives   "Facebook, Twitter apparently feed anxiety: Study"—Oh Really? Barely have people begun to understand social media—its diversity and utility—and we have doubters already popping up with 'studies' to warn against social media addiction... .................................................................................................................................................... Who 'sponsored' Kala Committee's 'lavish' bauxite mining 'tour' in Visakhapatnam? Kala Committee, which was supposed to conduct a field visit of the bauxite mining areas of Visakhapatnam, in fact did an aerial survey by a helicopter, apparently sponsored by mining companies! .................................................................................................................................................... TVS Motors-BMW tie up in the works In a bid to revive its flagging sales, falling market share and poor performance, TVS Motors is apparently it is in talks with luxury automotive major—BMW Motorrad—for a technological tie-up... .................................................................................................................................................... Retail Participation:Desperately seeking a rally But can the Sensex be engineered to bring back investors and whitewash corruption scandals? .................................................................................................................................................... Fortnightly Market View: Bullish noises But the short-term move that started in early June is maturing... .................................................................................................................................................. Low expectations from Q1 results may act as cushion, says Kotak Securities If the markets have to sustain the current levels and move up, it will need to have more confidence in the medium-to-long term growth rates of corporate India, says the brokerage... .................................................................................................................................................... Corporate governance: What boards of large NBFC MFIs can do on the ground? (Part II) Corporate governance is the collective responsibility of the directors. While we can have impressive norms for corporate governance, they cannot be effectively enforced through regulation alone... .................................................................................................................................................... Metal and textile sectors have highest value of NPAs in FY12 Both metals and textiles industries have large number of players and consequently their NPAs too tend to be amongst the highest... .................................................................................................................................................... Keep track of your provident fund online The Employees Provident Fund Office is more than willing to help with online facilities... .................................................................................................................................................... Stop inhaling poison Save, invest and prosper by cutting out tobacco and putting the money in a Systematic Investment Plan... .................................................................................................................................................... Markets in for a big correction A deluge of falling prices will seem far heavier than anything a monsoon can produce... .................................................................................................................................................... Boosting trade in Iraq and Saudi Arabia The reference books, following visits and subsequent boosting of trade in Iraq and Saudi Arabia, were of great use to Indian exporters. The 57th part of a series describing the unknown triumphs and travails of doing international business... .................................................................................................................................................... Daily Market Report: Sensex, Nifty under threat Nifty to head for 5190 if it closes below 5,250...     At a Glance   - China's arming Pakistan makes it second class enemy: Ratan Tata - Swiss banks' foreign client assets dip to 4-year low - Bankers seek pro-industry measures from RBI - GAAR panel for modification of norms, reduction of examples - SC seeks details of religious sites damaged in 2002 Gujarat riots - Clearing Corp launches trade repository for OTC forex derivatives - Air India plane makes emergency landing in Pakistan     Corporate Wrap-up   - GM, SIAM recommend Re1 hike in diesel to end market distortion - Power Ministry's Rs2 lakh crore CDR plan for discoms has banks worried - IndiaBulls Finance lends Rs450 crore to Sheth Developers - Jain Irrigation, partners to invest Rs100 crore in NBFC venture - ONGC starts releasing gas For Palatana power project - Siemens to supply vacuum de-gassing plant to Jailaxmi Casting   Personal Finance   - Goa to raise health insurance cover for citizens to Rs2 lakh     FROM the ARCHIVES   E-filing of I-T returns: The easy way Filing of income tax returns online is very easy and free, especially for salaried people. There is no need to visit sites that charge some money for e-filing your I-T returns... ...................................................................................................................................................... Drycleaners: Taking us to the cleaners! Dry-cleaners nowadays use plain old water instead of petrol, which ruins the clothes. Even the consumer courts will be helpless in resolving the issue...   To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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