iGate facing tax demands worth Rs 738cr and other ET stories

THE ECONOMIC TIMES Sun, May 26, 2013 | 04:30 PM IST Daily Newsletter

Jet Airways likely to raise Rs 250 cr by 5 pc stake dilution Naresh Goyal will dilute 5 per cent of his stake by way of OFS and is expected to mop up around Rs 253.1 crore through this. IPL spot fixing: N Srinivasan defiant, BCCI holds series of meetings Top BCCI sources said that Srinivasan has shown no inclination to step down from the post as yet, maintaining that he had done no wrong.

Story of The Day iGate facing unsettled tax demands worth Rs 738 crore iGate, which was in news for sacking of its CEO Phaneesh Murty over non-disclosure of his alleged affair, said these demands are not tenable. read more

Popular Stories Five reasons why rupee is depreciating despite strong FII flows Palakkad: A quiet Kerala town where elephants symbolize social status Spot-fixing scandal: CSK could lose IPL crown; fights to avert disqualification with owners in the dock Taxable income of over Rs 5 lakh? Be ready to file I-T returns online 10 ways to survive a stressful job CSK owner Gurunath Meiyappan arrested in IPL betting case

Market Watch 26 May | 04:30PM SENSEX 19704.33↑30.00 NIFTY 5983.55↑16.50 USD/INR 54.89↑0.11 GOLD (Rs/10g.) 26417.00↓-23.00

Latest Updates Defiant promoters to be dealt severely: Sebi chief Market regulator Sebi has said it will try to ensure that the public investors do not suffer because of the majority shareholders' defiance. India Cements loses Rs 500-crore market value Caught in the middle of IPL spot fixing, India Cements has lost about Rs 500 crore in market value as its share price slumped by 21 per cent. India not competing with China in trade: Ansari India is not competing with China in trade with Africa and is considered a "trusted friend" by the countries, Vice President Hamid Ansari said. FinMin to mail 'polite letters' to service tax defaulters Service tax, customs and excise duty defaulters will get "polite letters" seeking information about their pending liability and any suspicious dealings. Gayle 'most dangerous cricketer' in cyberspace: McAfee After scoring the fastest ton in IPL this season, Chris Gayle has become "India's most dangerous cricketer", according to software maker McAfee. Japan gives Myanmar $504 million loan Japan's government extended its first loan to Myanmar in 26 years and canceled the remainder of the Southeast Asian country's debt.

Gainers Losers 26 May, 2013, 04:30PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Sah Petroleums Ltd. 22.80 20.00 135221 22.80 21.00 TTK Healthcare Ltd. 633.60 20.00 152974 633.60 523.80 Kavveri Telecom Products Ltd. 46.35 19.92 204208 46.35 35.00 Next Mediaworks Ltd. 3.00 19.52 5005 3.00 2.25 Sandur Manganese & Iron Ores Ltd. 364.40 19.48 44319 366.00 308.95

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