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The Income-Tax department is looking at an over Rs 12,000-crore tax on the $11 billion deal signed between Vodafone and Hutch in 2007.

 
 
A company statement said the increase would be implemented from October 1 and in the range of Rs 3,000 to Rs 8,000, depending on the model.
National Housing Bank recorded its highest net profit at Rs 288 crore. The bank's operating profit also increased 25 per cent, at Rs 444 crore.
In the previous session, the Indian currency had gained 40 paise to close at an over four-month high of Rs 45.25 against the US currency.
Rising for the second straight session, the BSE 30-share barometer ended 72.20 points higher at 20,117.38 - its best finish since January 15, 2008.
Sebi says foreign institutional investors have to, by October 1 end the practice of investing money collected from a single or few investors in stocks.
The FMCG major's scrip surged 5 per cent on the Bombay Stock Exchange, to Rs 317.25, taking the consumer durables index higher by 84 points.
 
 
The consumer goods major will acquire Alberto Culver Company is an all cash deal, a move that would help Unilever strengthen its global position.
India and Canada have agreed in principle to establish six working groups on PPP model, focusing on various sectors, including infrastructure and education.
The rally was led by aluminium producer Hindalco, which surged 3.4 per cent to touch a one-year high of Rs 197.40 on the Bombay Stock Exchange.
Indian Oil Corp is banking on the reimbursement to clean up its books and show a profit for the first half of the current financial year (April- September).
He says the agreements, which would safeguard investors' rights and boost bilateral trade and investment, would be finalised soon.

Four Indian-Americans, including Sun Microsystems co-founder Vinod Khosla, are among Forbes 400 Richest People in US, a list topped by Microsoft's Bill Gates.