Government today made it clear that investors who do not submit their Permanent Account Number (PAN) to the depositories by December 31, will not be able to trade on the stock exchanges from January one, 2007.
“Investors who do not provide their PAN by December 31, 2006, will not be able to debit their demat accounts [...]

India’s forex reserves went up by USD 75 million to stand at USD 175.519 billion during the week ended December 15 as against USD 175.444 billion during the week ended December eight.
The reserves were down by USD 45 million during the preceeding week ended December eight, compared to a week ago period.
The Foreign Currency Assets [...]

The European Union today approved Tata Steel’s proposed acquisition of Anglo-Dutch steelmaker Corus, saying such a transaction would not impede competition.
“The European Commission has cleared under the EU Merger Regulation the proposed acquisition by the Indian steel producer Tata Steel of Corus Group Plc,” the Brussels-based regulator of the EU said in a statement.
Shares of [...]

Prime Minister Manmohan Singh would lay the foundation stone for the modernisation and expansion of the Burnpur-based IISCO Steel Plant (ISP) of SAIL on December 24, which would involve an investment of Rs 95.92 billion.
With the expansion, the capacity of ISP, one of the oldest operating steel plants in the country, would go up to [...]

Firmly backing the peace process in Nepal, India today offered to supply food grains for Maoists confined to cantonments under UN supervision and vehicles and equipment to strengthen its police force.
“India always remains committed to supporting all efforts that are aimed at achieving peace, democracy and development in Nepal,” visiting External Affairs Minister Pranab Mukherjee [...]

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GOOD RESPONSE FROM CORPORATES FOR E-FILING OF INCOME TAX RETURNS
Delhi : E-filing of income tax returns has received a good response from the Corporates. As on 31st October 2005, the due date last year, the number of paper returns filed were 2,19,884. Compared with that as on 30th November 2006 (the [...]