Financial experts have warned that the debt restructuring would be difficult when the new Direct Taxes Code (DTC) comes into effect from April 1, 2012 as it says that the loans waived by the lenders will be treated as income for the borrowers and will be taxed accordingly.

GTL Infrastructure Ltd has said on Monday that the proposed merger of its tower business with that of Reliance Communications will not take place as the two parties could not agree on the terms until the deadline last month.

Citrix Systems has proclaimed the buyout of VMLogix, however no information of the deal whatsoever was stated. According to a report stated by Fort Lauderdale, Florida-based Citrix Systems has proclaimed the fact that it has nearly completed the deal with the purchase of virtualised management solutions provider offering VMLogix with a faster development of the Open Cloud Platform.

Motorola has proclaimed the release of Defy, a time tested piece that is smooth on all tough endurances of life. The phone has not been pronounced in US but comes with comes with features such as the Corning Gorilla glass screen or support for IP67 standard.

Palm has come up with the newest version for its webOS mobile operating system, aiming to all developers for a short while. The Palm webOS 2.0 OS will be offered with the latest 'Stacks' feature which is aimed to offer multitasking feature that aides users to access or create emails without logging in to the app.

The insurance Goliath Standard Life has declared to slash 500 jobs in next 15 months. The Edinburgh pedestal firm is phasing out 600 existing jobs and it has also decided to craft 100 new-fangled posts athwart the business, so in complete it is a loss of 500 jobs.

The group was anticipating that the Edinburgh might lose 480 jobs due to the remnants that swayed in from the UK regional and abroad operations.

As per the promoters of Hero Group, the news reports that it will be exiting the partnership that it has with Japan's Honda, is absolutely untrue. Neither of the two partners has anything of the sorts in their mind.

Earlier there was news that Honda is looking forward to sell 26 per cent stake in the JV. Reports said that while Honda was planning a 20 per cent stake sale, Munjal-led Hero was to sell 6 per cent stake to PE firm, KKR.