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SC delivers an Oracle to IT
Last week, the Supreme Court pronounced a landmark ruling in the case of Oracle India holding that the process of duplication of software from master copy tantamount to ‘manufacture’. The Apex court allowed Oracle much awaited relief with respect to a tax holiday claim available for new undertakings engaged in manufacture and processing of articles and things.

Arvin Meritor opens India tech centre; to hire 100 engineers
US-based auto component maker Arvin Meritor today said it has opened its first technical centre in India and would be recruiting 100 engineers for the facility as part of its efforts to improve product development.

News of the day

Reliance Communications: Paisa power
Sayantani Kar / Mumbai December 8, 2009, 0:28 IST
Corporate

Police question Bindra's father in cheating cases

Delhi Police today questioned Olympic gold medalist Abhinav Bindra"s industrialist father in connection with two cases of cheating, for which he was arrested 24 days ago. - "Indian election is abt delivering in remotest area" - India ranked 20th largest electronic police state - State to strengthen police force - Home Ministry okays cyber highway for capital - Slim twins - Chopper sabotage case: Two Air Works men held "We have questioned A S Bindra today. We called him to appear before us as we wanted some clarifications in the cases in which he is an accused," Joint Commissioner (Crime) Amulya Patnaik told PTI. The Economic Offences Wing of Delhi police arrested the senior Bindra on May 14 from Mohali in connection with the defrauding of a private finance company and a bank of about Rs 9.31 crore. But, Delhi Police could not question him as a Chandigarh court denied transit remand on medical grounds. The accused later got interim bail from a Delhi court on a condition that he should appear before police when needed. Asked whether the questioning would continue tomorrow, Patnaik answered in the negative but said, "When there is a need, we will call him." Bindra, managing director of Chandigarh-based company Punjab Meats, was picked up in connection with complaints filed by Apple Finance in November 2006 and IndusInd Bank in February 2007.


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