India News

It is now mandatory for corporate entities to file their tax returns through electronic-filing system, a mechanism developed as part of government's efforts to foster 'friendlier' relations between tax authorities and assesses, Finance Minister P Chidambaram said here on Friday.

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The Bombay Stock Exchange benchmark Sensex closed at an all-time high of 12,736.42 points on Friday on aggressive buying by funds on expectations of strong quarterly corporate earnings and sustained economic growth.

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Shake-up in the market capitalisation league continued to rattle India Inc, with IT major TCS today grabbing the position of fourth most valued firm from state run power generation major NTPC.

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The renewable power capacity of the country was expected to touch 1,00,000 mw by 2032, from 8080 mw as on March 2006, Union Minister of Non-Conventional Energy Resources Vilas Muttemwar said.

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Prime Minister Manmohan Singh on Friday sought support from the 25-nation European Union for India`s quest for nuclear energy for peaceful purposes and asserted that New Delhi did not want "further erosion" of the non-proliferation regime.

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 After a gap of three days, two more persons succumbed to dengue taking the toll in the capital to 27 even as it reported 92 fresh cases of the disease. The total number of dengue cases in the captital now stood at 1,278, health officials said.

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The Indian Hockey Federation Chief K P S Gill on Friday put the national team's coach Vasudevan Baskaran on notice, saying that unsuccessful coaches could not be persisted for long.

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The Gujarat High Court has set aside the setting up of the U C Banerjee Commission. The HC said the setting up of the panel, which was probing the 2002 Sabarmati Express fire in Gujarat, was "illegal".

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The markets continue to trade firm in noon deals with the benchmark index surging past the 12,700 mark.

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IBM , the world's largest computer services company, aims to increase its share of business in India as banks, retail and small and medium-sized firms spend more on technology in Asia's fourth-largest economy.

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A beachcraft plane with five passengers onboard on Friday crash-landed at the Juhu airport here after experiencing engine trouble.

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In a bid to check black marketing in essential commodities, the Madhya Pradesh government is planning e-ration cards to streamline the public distribution system (PDS).

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The British may have left us six decades ago but fascinating traces of empire continue to pop up in unexpected places.

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The Congress on Thursday said it hoped that Trinamool Congress chief Mamata Banerjee would leave the NDA, a day after she wrote to party leaders seeking formal talks with the West Bengal Congress leadership for joint movements against the Left Front government in the state.

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