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MFN status unlikely during Sharma's Pakistan visit

Attari-wagah Border, Feb 13 Pakistan Monday said it is committed to granting the most-favoured nation (MFN) status to India, but refused to set a time-frame as some issues are yet to be resolved by the two neighbours.

Vodafone chief Vittorio Colao meets Sibal

New Delhi, Feb 13 Vittorio Colao, chief executive of the world's largest mobile telephone operator, Vodafone Plc, met Communications Minister Kapil Sibal here Monday and is understood to have discussed the possible implications of the Supreme Court verdict cancelling 122 2G licences on the industry.

CWG scam: Decision on bail plea of two accused Feb 15

New Delhi, Feb 13 A CBI special court hearing a corruption case related to the 2010 Commonwealth Games (CWG) reserved its order till Feb 15 on the bail plea of two accused.

Eurozone crisis an opportunity for Indian IT: Expert

Paris, Feb 13, 2012 India's Information Technology sector is well placed to take advantage of the current Eurozone crisis as an increasing number of companies will look at "offshoring" as a way to cut their costs, says an expert with a leading consultancy.

CESC's Q3 net profit down 33 percent

Kolkata, Feb 13 Power utility CESC Limited, an RP-Sanjiv Goenka Group company, Monday reported a 32.73 percent dip in its net profit for the quarter ended Dec 31, 2011, which stood at Rs.74 crore from Rs.110 crore during the same period a year ago.

India, Pakistan to open new gate for trade by April-end

Attari-wagah Border, Feb 13 A dedicated gate at the Attari-Wagah border to facilitate movement of goods between India and Pakistan will open by the end of April this year, Commerce and Industry Minister Anand Sharma announced Monday.

Tax benefits to SMEs urged

Hyderabad, Feb 13 Electronics and Computer Software Export Promotion Council (ESC) wants the government to extend tax benefits to small and medium IT firms on par with those given to major companies in Special Economic Zones (SEZs).

Coal India's Q3 net up by 54 percent

Kolkata, Feb 13 World’s largest coal miner Coal India Limited (CIL) Monday posted a 54 percent increase in its consolidated net profit for the quarter ended Dec 31 at Rs.40.38 billion from Rs.26.26 billion during the like period a year ago mainly due to price hike.

$500 billion black money hidden abroad: CBI (Roundup)

New Delhi, Feb 13 Indians are the largest depositors in Swiss banks and have stashed away $500 billion in black money in overseas tax havens, but the government is finding it "difficult" to recover the ill-gotten wealth as other nations are not cooperating, officials said Monday.

Over 200 Indian IT firms at Hyderabad expo

Hyderabad, Feb 13 More than 200 Indian IT firms will display their solutions and products at Indiasoft 2012, the flagship IT event of Electronics and Computer Software Export Promotion Council (ESC), to be held here March 21-23.