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World’s mining sector is back to booming

TORONTO: The world’s mining sector is back to booming, according to a report by PricewaterhouseCoopers (PwC) here on Tuesday.  The annual report, Mine: Back to the Boom, on the mining sector says the world’s top 40 companies experienced major recovery in 2009 after big losses in 2008.

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Technical analysis for investment in equity stocks

By Tensing Rodrigues
I would like to know whether the below mentioned payments are subject to any type of tax: - (a) Scholarships for studies received by children (b) Monetary benefits from government schemes / charitable organisations, like old-age pension, calamity relief, compensation at the time of accidents, law and order problems etc. (c) Compensation received under medical, general, vehicle insurance etc. — V K Das

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Mahindra acquires majority stake in REVA Electric

BANGALORE: Auto major Mahindra and Mahindra Limited on Wednesday acquired 55.2 per cent stake in REVA Electric Car Company, a move that would strengthen its position in the Electric Vehicles domain.

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Section of AI employees on flash strike

NEW DELHI: At least 10 flights of Air India were cancelled on Tuesday as a section of employees of the airline, including engineers, went on a flash strike across the country to protest delay in payment of salaries.

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Mukesh caps salary at Rs 15 crore

MUMBAI: Reliance Industries chief, Mr Mukesh Ambani has capped his salary for the second straight year at Rs 15 crore, less than half of what he is eligible to draw, while rest of the RIL top brass got a pay hike in FY10.

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Survey for POSCO steel plant begins

BHUBANESWAR: The much-awaited survey work for 12 MTPA mega steel plant proposed by South Korean steel major POSCO near Paradip in Jagatsinghpur district commenced on Tuesday.

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5-6% inflation: PC member pins hopes on monsoon, agriculture production

MUMBAI: Even as the Prime Minister, Dr Manmohan Singh is eyeing a decline in inflation to 5-6 per cent by the year end, a Planning Commission member, Dr Narendra Jadhav, said that only a good monsoon and augmentation of agriculture production could help achieve the target.

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