Financial Express - India's leading business newspaper from the Indian Express Group

Sebi eases media, telecom IPO norms

The Securities and Exchange Board of India (Sebi) has further eased IPO norms for media, entertainment and telecom companies.

Sensex rockets 352 pts as bulls go on rampage

The markets bounced back with a 352-point spurt in the Sensex driven by the same factors which had resulted in a bloodbath on Tuesday. The Nasdaq fall and the thorny issue of tax on FIIs had pulled the Sensex down last Tuesday by 361 points.

Government hikes customs duty on 11 agro products

Just a week after the removal of quantitative restrictions on imports of 714 items, the Government has increased customs duty on 11 agro products.

Cellular handset firms face Rs 200cr tax demands

In a bid to widen the tax net, the Income Tax (I-T) authorities have decided to slap a tax of over Rs 200 crore on the profits made from the sale of cellular equipment by overseas companies. The industry's reaction: this is a direct violation of the double taxation treaties to which India is a signatory.