Subhiksha Trading Services has been caught in yet another controversy with property owners planning to drag the retailer in court on the issue of non-payment of rents. The firm is already facing tough situation due to decline in demand under the impact of global slowdown and employee's wrath due to unpaid salaries and other legal issues related to provident fund.

India is likely to miss its direct tax collection targets for the fiscal under the impact of slowing economic activities and lower profit margins for Indian companies.

Salary cuts and retrenchments during the previous months caused lower revenue in February for the state exchequer. The department of income tax collected Rs 5,920 crore as personal income taxes in February as compared to Rs 8,762 crore during the same month last year.

The 3G spectrum allocation process is likely to get further delayed as the Union Government has announced to form a Group of Ministers (GoM) to sort out controversial pricing issue and number of players per telecom circle.

The (CLB) has permitted the nomination of additional government's directors for the boards of Maytas Properties Ltd and Maytas Infra Ltd, the companies run by family members of tainted Satyam's founder chief, B Ramalinga Raju, the main accused in the largest ever corporate auditing fraud in India.

Chennai, Mar 6: Sounds of wailing filled the air as family members of Simon Paramanathan, the Indian worker who was killed by his abductors in Afghanistan, mourned their loss upon receiving his body in their hometown Chennai.

Tears rolled down their faces as grief stricken relatives waited outside the airport to receive Simon''s body on Thursday.

Patna, Mar 6: Chief Election Commissioner N Gopalswami and two Election Commissioners Navin Chawla and S Y Quraishi will arrive here today to review the poll preparedness for the coming Lok Sabha polls.

During their visit, the team will have separate meeting with the Chief Secretary and Director General of Police of the state.

The Commission is scheduled to hold meeting with all DMs and SPs of the state to review the readiness to hold the elections in a free and fair manner.