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India Business News: NEW DELHI: The Income Tax Appellate Tribunal (ITAT) has given a Rs 16,000-crore relief to the beleaguered IL&FS arm Noida Toll Bridge Company - the sp.
While the original order was issued on December 31, 2008, reassessment proceedings to disallow amortisation of interest on zero coupon bonds were started on March 28, 2013, the report said.
Indices open flat amid global cues; HDFC Life dips 3%
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The stock markets opened flat on Tuesday tracking a mixed trend in global markets and sustained foreign fund outflow.. The Sensex was up 7.06 points or 0.01 percent at 52742.65. The Nifty50 declined 6.40 points or 0.04 percent at 15,808.30. About 1234 shares have advanced, 542 shares declined, and 69 shares are unchanged. The Nifty sectoral indices were mixed, with Nifty Private bank down 0.4 percent. S&P BSE MidCap and SmallCap indexes were trading 0.37 percent and 0.47 percent higher, respectively.
Asian Paints, Reliance Industries, and Larsen & Toubro were the top Sensex gainers. On the other hand, HDFC Bank and Kotak Mahindra Bank were the top laggards.