Tax Tangle
Infosys to challenge new tax demand
Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees income tax demand raised by Indian authorities earlier this month. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
India's Zuari to set up $800 mln fertiliser plant in the UAE
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
ABU DHABI |
ABU DHABI (Reuters) - Indian fertiliser maker Zuari Industries (ZURI.NS) has signed a memorandum of understanding to set up an $800 million manufacturing facility in the United Arab Emirates.
The plant in Ras al Khaimah will produce one million tonnes of diammonium phosphate fertiliser a year when it comes onstream, Zuari's adviser on the deal, Alpen Capital, said in a statement on Sunday.
The plant will be Zuari's first manufacturing facility outside India.
Zauri and other Indian fertiliser manufacturers import most of their phosphate from Russia and the Middle East. Indian farms consumed about 7 million tonnes of DAP in the 2011 financial year. (Reporting By Maha El Dahan; Editing by David Goodman)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters