Infosys to appeal tax demand on onshore work
Infosys Technologies will appeal an income tax department order demanding it to pay Rs 457 crore in tax for work done onshore. The tax demand is based on the assessment year 2007-08. (Source: Business Standard)
GAIL scouts for US shale gas assets
GAIL is scouting for shale gas assets in the United States and is willing to invest around $400-$500 million. GAIL is likely to look at an asset that was already in production and would be open to either investing in an asset or picking up equity in specific firms. (Source: Business Standard)
Hindustan Construction Co. down on Environmental Ministry report against Lavasa
The shares of HCC were trading down 5 % on report environment ministry finds violations at Lavasa. A committee set up by the ministry of environment of forests has confirmed 'environmental violations' by Lavasa Corp, a unit of HCC. (Source: Business Standard)
Tata Steel to start construction on Orissa steel plant by month-end
Tata Steel will start the construction on its much delayed Orissa steel plant by the month-end. It has completed the ground levelling at the plant site and is hoping to kick off construction work of the six million tonne per annum (mtpa) plant by January end. (Source: DNA India
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