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  • Goldman cuts China GDP forecast to 6%
  • All units currently operating at 100% utilisation
  • Drop in realty rentals to help enhance retail presence
  • No 'desperation' to get into 3G if bid prices irrational
  • Remain interested in global acquisitions : Akhil Gupta
  • Drop in ARPUs will not necessarily hit profitability
  • Buys 10% stake in Kalyani Net Ventures
  • Industry taking a hit on exports: Gautam Singhania
  • Tariffs down 10% in last 5 yrs; don't see further drop
  • Depreciation in rupee negating drop in product prices
  • To focus on domestic mkts in 2009: Gautam Singhania
  • Don't expect any slowdown in power biz through 2009
  • Will buy firms that can't achieve financial closure
  • Sitting on enough cash to pick up stake in new projects
  • Budge Budge unit to be on-stream ahead of schedule
  • Seeks increase in duty drawbacks and DEPB by 3%
  • Wants a minimum ceiling of 7% on export credit
  • Needs an additional 2% interest subvention
  • Bags order from Southern Railways worth Rs.110cr
  • India fairly insulated due to robust domestic demand
  • Pvt held business owners with 83% level of optimism
  • Travel and tourism remains relatively insulated
  • Majority of countries view 2009 as a difficult year
  • Fitch withdraws rating on Jindal Stainless
  • L&T bags order worth Rs.1100 crores
  • Key clients confidence is shaken in Satyam
  • Satyam could become vulnerable for acquisition
  • Satyam could face pricing pressure due to the situation
  • 100 people a diminutive no.; not indicative of anything
  • Software, BPO staff among those planning to quit: Srcs
Updated: 17/07/2008 | 01:07 AM IST
Seizure notice for Anil Ambani group's aircraft
Indo Asian News Service
Thursday, July 17, 2008 (Mumbai)
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The customs department has issued notice to seize an aircraft belonging to the Reliance Anil Dhirubhai Ambani Group (ADAG) for allegedly evading import duties.

Customs officials said the aircraft was imported under a charter license, but was being put to personal use. The duties are high if an aircraft is imported for personal use.

Till now, the customs department has seized 10 aircraft belonging to various corporate houses, including GMR, Oberoi and Indiabulls, under non-scheduled operator permit, but released them on bank guarantee and bonds.

According to the spokesperson of Reliance Transport and Travels, the company is a valid non-scheduled operator license holder and has responded and furnished full and comprehensive documentation regarding its aircraft.

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