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Top 10 business headlines: Angel tax relief, SC heat on RCom, and more

Here are the top 10 business stories that made news on Wednesday

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RCom Chairman Anil Ambani leaves after appearing in the Supreme Court in New Delhi on Wednesday | Photo: pti

BS Web Team New Delhi
1. SC holds Anil Ambani guilty of contempt, orders RCom to clear Ericsson dues

The Supreme Court on Wednesday held Reliance Communications (RCom) Chairman Anil Ambani (pictured) and two of his top executives guilty of contempt of court for wilfully failing to pay the dues to telecom equipment maker Ericsson. Click here to read on

2. Over 7,000 cash-starved start-ups may benefit from angel tax relief

A series of changes made to the so-called angel tax by the government could give wing to 7,000 cash-starved start-ups, sources in the Department for Promotion of Industry and Internal Trade (DPIIT) said.