Oil prices fell to below $92 a barrel

Oil prices fell to below $92 a barrel in Asia as Greece's deepening financial crisis undermined confidence in the euro.

Government has strongly denied any taks on revising the double tax avoidance agreement with Mauritius

The government has strongly denied holding any talks on revising the double tax avoidance agreement with Mauritius. Indian equity market has been witnessing a volatile bout of sell offs post news that India and Mauritius are in talks to revise the existing tax treaty

India Marker Fall Sharply after concerns of renewed tax treat between India and Mauritius

Indian markets sharply lower after a sell-off triggered on concerns of renewed tax treat between India and Mauritius

Supreme Court Rejects Bail Plea of Kanimozhi & Sharad Kumar

Supreme Court Rejects Bail Plea of Kanimozhi & Sharad Kumar. A special bench comprising of justices GS Singhvi and BS Chauhan rejected their bail petition after hearing the arguments of the Central Bureau of Investigation and counsel and the duo's lawyers.

GTL & GTL infra Plunged More then 50%

GTL Infra has pulled out its USD 300 million capital raising plan and that led to heavy unwinding of GTL and GTL Infra shares

GTL Infra has not even gone on the roadshows. The plan was pertaining to raising the capital and it was subject to earlier market conditions which were  good.  Post 2G scam, issues in India concerning telecom companies have been generally bad.
As a result,  raising funds for any telecom companies including debt or equity has been extremely difficult. So, we didn’t really pullout the issue. In fact, we didn’t even go on the roadshows. Whether or not that has any linkage I really have not idea. Told by Manoj Tirodkar, chairman and managing director of GTL