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View Article  Service tax not likely to hit Rlys this year

Railway passengers may be spared a levy of service tax in the coming budget even though the finance ministry is considering ways to widen the scope of the tax. Railway ministry sources say that a levy of service tax on rail services would amount to the government taxing itself.

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View Article  Farallon acquires stake in Indiabulls unit

Indiabulls Financial Services Ltd said on Thursday that a unit of Farallon Capital Management LLC has taken a 60 percent stake in Indiabulls Infrastructure Ltd. (IIL) for Rs 1.50 crore.

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