A joint team of the Central Bureau of Investigation ( CBI) and the Enforcement Directorate ( ED) is likely to visit Singapore and British Virgin Islands this month to probe what they believe is \"illegal money transfer or other dubious investments\" in Loop Telecom and Unitech, involved in the 2G scam.

The apex court asks the tax department to return the Rs 2,500 crore that Vodafone had submitted as interim tax liability.

The apex court calls the Vodafone-Hutchison $11.2 billion deal bonafide, saying the income tax department has no jurisdiction on transactions outside the country.

Guts, smarts and luck have catapulted Sunil Mittal to the top of the Indian corporate sweepstakes. And, he is comfortably perched there.

Ratan Tata's successor faces stiff task of revving up the flagship brands currently reeling under intense competition and global downturn

IT firm Tech Mahindra said its net profit has increased by 59.5 per cent to Rs 240.4 crore for the quarter ended September 30, 2011, as compared to the same period last year.

After a year of looking over her shoulder, Niira Radia looks beyond Vaishnavi.

Dubbed as a takeover tycoon, the Mahindra and Mahindra vice-chairman and MD has not confined to acquisitions alone. Anand Mahindra's 360-degree view of life had management thinker C.K. Prahalad define his sprawl of businesses 'Fortress Mahindra' - an empire that spans not just a hundred countries but has valuable links in multiple industries.

The government is considering imposing strict measures, including a bond of at least Rs 10 lakh, to deter senior employees of public sector enterprises (PSEs) from joining private firms.

Mid-cap firms have over the years shown a faster rate of growth, making them ideal investment options for the long term.

Times have seldom been as tough for home buyers. Lenders have increased interest rates a number of times in recent months. On another front, the land acquisition issue is becoming too hot to handle.

The Income Tax Department slaps a tax demand of Rs 2,114 crore on IT firm Mahindra Satyam after disallowing exemptions claimed by the company.

Dealing with the Downgrade: The Great American Dream has not exactly ended, but economists, policy makers, traders and the public are spending some sleepless nights trying to figure out whether all is well with the world's economic superpower.

The BT Group, which accounted for 40 per cent of Tech Mahindra's revenue in the April-June period, is seeking bids from other technology companies for projects currently under the Mahindra group company.

Piramal Healthcare would purchase 5.5 per cent of the \"issued equity share capital of Vodafone Essar Ltd (VEL) from ETHL Communications Holding Ltd (Essar) for a cash consideration of approximately $640 million,\" Vodafone said in a statement.

A decision by the Allahabad High Court that land acquired in the Greater Noida region should be returned to farmers has left home buyers there in the lurch. The court has permitted an out-of-court settlement for the home buyers by August 12.

Vodafone representative and senior advocate Harish Salve contendedthe transaction had happened outside India,hence the Income tax department can not impose capital gain tax.

Extending gains from last week, the Bombay Stock Exchange key index Sensex surged to 18,871.29 as Sensex-heaviest scrip RIL rose about one per cent after the government approved the stake sale in 21 of its fields to British Petroleum.

Financial major Santander has announced that it is closing its call centres in India and bringing it back to the UK since it was the main demand of its customers.

The company will setup a Lab for video encoders used in deployment of IPTV solutions in Microsoft's mediaroom. However, Tech Mahindra didn't disclose details of the deal.