The head of Vadinar terminal, G.S. Rao , has been given the charge of the Kandla Port Trust for the time being. Officials said the action followed a Central Bureau of Investigation inquiry, which found irregularities in the functioning of these officers. Sunil Raghu
Govt appoints two law officers for tax issues
New Delhi: The Union government has appointed two additional solicitors general to handle legal matters relating exclusively to taxes.
“We need someone who’s familiar across courts so that he’s got control over what’s going on,” said finance minister P. Chidambaram on Thursday at a media briefing.
The two additional solicitors general, M. Chandrasekharan for indirect taxes, and Parag Tripathi for direct taxes, will handle the government’s cases in the Supreme Court and high courts.
Different courts simultaneously handle cases relating to taxes, which require the government’s lawyers to approach the issue in an integrated way, said Chidambaram.
An additional solicitor general is the Union government’s law officer who deals with its legal matters. Sanjiv Shankaran
Hindustan Unilever closes share buyback
Mumbai: The country’s largest fast moving consumer goods company, Hindustan Unilever Ltd (HUL), in a communication to the stock exchanges on Thursday informed them that as per the resolution passed by the board committee for buyback of shares, the scheme of buyback ended with the close of working hours of 31 January.
HUL has a presence in more than 20 distinct categories in home and personal care products, food and beverages. Staff Writer
Aviva India gets capital infusion of Rs246 crore
Mumbai: Aviva Life Insurance Co. India Pvt. Ltd said on Thursday its founders have infused fresh capital to the extent of Rs246 crore in order to help boost its growth plans for 2008.
The total capital base of the firm had gone up to Rs1, 004 crore after this infusion, it said in a statement.
The money will be used to expand the presence, scale up the number of advisors and introduce new products, the company said.
Aviva India is 26% held by British insurer, Aviva Plc., the maximum permissible foreign stake in insurance firms under Indian law, while the balance is held by Indian consumer goods maker, Dabur. Reuters