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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.

Currency futures posts record volumes
The domestic exchange traded currency futures on Wednesday witnessed the highest turnover since its launch last year. The combined turnover on the MCX Stock Exchange (MCX-SX) and the National Stock Exchange (NSE), the two exchanges where currency futures are traded, was a record Rs 29,194 crore.

News of the day

60 cr Indians to get UID in 4-5 yrs: Nilekani
At least 60 crore people would get their Unique Identification Numbers (UIDs), a much-touted initiative of the government, in the next 4-5 years, its project chief Nandan Nilekani said today.
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Two human rights activists held

Two human rights activists have been arrested here by the West Bengal Crime Investigation Department for their alleged links with Maoists and PCPA top brass in Lalgarh. Gana Pratirodh Committee secretary Raja Sarkhel and state secretary of the same human rights organisation Prasun Chatterjee were picked up from their residence in Jadavpur in the southern part of the city last night. - I am unaware of Chhatradhar"s past, says Mahasweta Devi - Mahato"s supporters, associates punishable under UAPA: State - CPI(M) urges Centre not to "reveal" anti-Maoist operations to Mamata - Talks with PCPA possible only if it lays down arms: govt "We have evidences of Sarkhel and Chatterjee"s involvement with Maoists and PCPA leadership. The duo have been booked under the provisions of Unlawful Activities (Prevention) Act," DIG of CID (Operations) Ajay Ranade said. Sarkhel and Chatterjee, who were also the members of the Lalgarh Sanhita Mancha, were allegedly involved in providing financial aid to the tribal movement in Lalgarh that has been continuing for the last 10 months, CID officials said.


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