The retail securitization market of India has shown greater stability and it is performing even better than the developed countries such as US. It is said by the leading rating agency Crisil, on Wednesday. The country has set a record of better securitization, even amid the unfavorable financial conditions in the world.
Ongoing global financial crisis has forced Tata Consultancy Services Ltd (TCS) to revise its capital expenditure plans for the current financial year. The chief Executive Officer and Managing Director of TCS, Mr S. Ramadorai said that the company may delay some projects following the international crisis. He said that the financial crisis would impact all companies in the world, irrespective of geographical boundaries. The company is employing various cost cutting measures to improve efficacy and productivity. He ruled out any retrenchment drive by the company in the near future.
The Bombay High Court has rejected the writ petition filed by the telecom giant Vodafone, regarding the capital gains tax, against income tax department. The company has challenged the show cause notice by the IT department, for about $1.7 billion capital gain tax in the High Court.
The division bench of Justices S Radhakrishnan and Anand Nirgude has also extended the stay on the show cause notice and given a time of eight weeks to Vodafone to file appeal in the apex court. The company may approach the Supreme Court against the income tax department in the next week.
The retail securitization market of India has shown greater stability and it is performing even better than the developed countries such as US. It is said by the leading rating agency Crisil, on Wednesday. The country has set a record of better securitization, even amid the unfavorable financial conditions in the world. 
Ongoing global financial crisis has forced Tata Consultancy Services Ltd (TCS) to revise its capital expenditure plans for the current financial year. The chief Executive Officer and Managing Director of TCS, Mr S. Ramadorai said that the company may delay some projects following the international crisis. He said that the financial crisis would impact all companies in the world, irrespective of geographical boundaries. The company is employing various cost cutting measures to improve efficacy and productivity. He ruled out any retrenchment drive by the company in the near future. 
The Bombay High Court has rejected the writ petition filed by the telecom giant Vodafone, regarding the capital gains tax, against income tax department. The company has challenged the show cause notice by the IT department, for about $1.7 billion capital gain tax in the High Court. 
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