Ending an almost two-year-long dispute over partnership with the Vijay-Mallya owned United Breweries Ltd, Heineken NV, the world's third-largest brewery firm, on Monday agreed to permit UBL to brew and market the Heineken brand in India.
The tightening of the rules related to gift tax will curb money laundering to a great extent. However it does protect genuine gifts from relatives and loved ones. Several guises used earlier to cover up transactions as gifts are now taxable.
Ajax Amsterdam gave coach Martin Jol a winning start with a 2-0 success over Groningen in their opening game of the new Dutch league season on Sunday.
Former champions Pakistan scored a last-minute goal to save themselves from an upset by China and draw their opening Asia Cup match 1-1 in Malaysia on Sunday.
The 81st Annual Academy Awards, if trends are anything to go by, seem to be more or less on the same page with me this season, which is a peculiar feeling indeed since I'm used to ranting about the results. However, this year the Academy's likely winners and my who-should-win picks are uncannily mirroring each other, a fact displayed in this list of the nominees. The Academy picks are marked by the [A] sign, my picks are marked by the [R] sign.
The NSE Nifty ended at 5,163, down 118 points. The index soon slipped into negative zone on weak global markets. Persistent weakness saw the index slip deeper into red, and dropped to a low of 17,684 -- down 445 points from the day's high.
With the market closed on Friday, the index declined 868 points (4.3%) during the holiday-shortened week. While the small cap index slipped 102 points to 11,813, the mid cap index declined 55 points to 9026.
The differences between China and India, in terms of operating as a foreign investment bank, are highlighted by the contrasting personnel hired to lead the operations.
India beat Korea 3-2 in a Pool B match at the seventh BSNL Asia Cup hockey tournament.
China thumped minnows Thailand 13-0 while Bangladesh overcame Sri Lanka 3-2 at the Asia Cup.
India registered their first win in group A league of the 16th Sultan Azlan Shah Cup hockey tournament on Sunday.
Pankaj Advani beat Ashok Shandilya in the billiards final as India won gold and silver from the event.
The two Indians made the grade in the 52 and 50kg categories at the World Women's Boxing Championships.
All the action from the rediff Formula One chat after the German GP.
Ukraine's Olena Kostevych outduelled Jasna Sekaric of Serbia and Montenegro in a shoot-off to win the gold.
Three Indians are already assured of gold medals in their age-groups in the Asian Youth chess championships.
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