William S Pinckney, Managing Director, Amway India said the company will start exporting to Sri Lanka, Nepal, Bangladesh and Pakistan from India within the next couple of years. The company, which has emerged as the largest direct marketing company in the country, is now looking to make India an export hub for South Asia.
The Central Board of Direct Taxes on Tuesday notified the norms for valuation of employee stock option plans (ESOPs) for calculating fringe benefit tax (FBT). The rules will take effect from April 1, 2008, and apply from assessment year 2008-09. The notification said the value of stock options of listed companies would be the listing value - the average of opening and closing price - on the day the options were vested with the employee.
Different industry and trade bodies have extended their support to BangaloreIT.in, the premier annual IT event organised by the Karnataka government and STPI. The three-day event will be inaugurated on the 29th of October in the premises of Bangalore International Exhibition Centre (BIEC).
Announcing this on Monday, Foo Chai Woo, general manager-India, Singapore Airlines, said, "New flight additions will take our airline frequency to Bangalore to 10 flights a week. New flights to be operated will be the day-light (morning) flights.
The release of Vista came more than five years after the introduction of Windows XP. It contains numerous new and reworked features.
The company has also expanded its SAP services in the utilities industry, supply chain management and customer relationship management domain.
The flight connecting the Silicon Valley and the Silicon City is expected to benefit software professionals traveling to the Silicon Valley.
SAP, a global business software company, expects high growth in India in the next 4-5 years with more local companies, including small and medium enterprises, opting for IT solutions.
The company, which manufactures and sells heavy duty trucks in the domestic market, is planning to expand its portfolio of trucks by entering the entry-level truck segment.
The Rs 3,250 crore (Rs 32.5 billion) Bangalore - Mysore Infrastructure Corridor has hit another hurdle.
Wipro Technologies has set up a separate group within its Telecom and Product Engineering practice to aggressively tap the opportunities in the telecom service providers' space.
Bangalore-based Reva Electric Car Company plans to launch its car in Japan and the US later this year. The company is test-marketing the car in these two countries.
The growing health consciousness, affordability factor, double-income families and medical insurance cover are expanding the healthcare market.
Even as venture capitalists and private equity players are combing the Indian landscape for deals, here comes competition from least expected of sources.
The global wellness 'fever' has caught the fancy of luxury hotels in Bangalore, with many revamping their existing menus to serve up a healthy fare.
Over $4 billion belonging to various global realty funds is ready to enter the Indian real estate sector on the back of $1 billion which has already come in, according to Bobby Parikh, managing partner, BMR & Associates.
Although there are fears that the revelations mean tougher times for Indian medical professionals seeking employment in the UK, the fact is that the UK is no longer the El Dorado it was once for Indian doctors.
The Ministry of Defence has added another important change to the series of internal decisions on the Defence Offset Policy: foreign vendors can offer transfer of technology as a way to fulfil its offsets liabilities in a deal.
The company has zeroed in on eyewear and is mulling golf goods and kidswear in the near future.
Altair Engineering, specialising in advanced engineering software and grid computing technology, is betting big on India for growth.
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