The current level of automation available in the Indian call centre industry is very rudimentary with only the language assistance interface or the first level of the call being automated.
This follows an Authority for Advance Ruling (AAR) decision, which directed that payments made by an Indian subscriber for using a portal of a foreign company will be subject to deduction of tax at source.
Price ceiling on the day a company's scrip is first listed on the cards.
The Bombay Stock Exchange may longer enjoy the exclusivity over the reporting platform for the corporate bond market
The Central Board of Direct Taxes has sought a clear definition of the term 'permanent establishment' for assessment of tax payable by foreign entities in India. Currently, the Act defines a 'permanent establishment' as a fixed place of business.
The Income-Tax department will have a say in mergers, demergers and amalgamations in 2006-07, with the Registrar of Companies (RoC) referring the first set of cases for clearance to the department.
A professor feels the use of chips among patients can do wonders but he also believes the usage should not be restricted to therapeutic use only.
The government is planning a slew of amendments to the Securities and Exchange Board of India (Sebi) Act in the forthcoming Budget session.
It is too late to devote resources to chip manufacturing. India, instead, should explore opportunities in solar energy, where entry barriers are low and end-products are sold like commodity, states a JP Morgan report.
Thousands of robots which were confined to research labs in India, are now finding their way into schools and engineering colleges.
The Mumbai marathon is set to embrace technology.
Domestic IT services company Paradyne Infotech is in the final stages of acquiring a US-based software services company with a turnover of around $10 million in the last financial year, a source said.
In a major development on taxation of FII income, the Authority on Advance Ruling has ruled that income will now be taxed as capital gains and not business income.
According to market sources, it has been observed that most companies are filing claims under short-term capital gains, irrespective of the volume of transactions.
The Bombay Stock Exchange is learnt to have shortlisted London, Nasdaq, Deutsche Borse, New York, and Singapore stock exchanges for the proposed sale of its 26 per cent stake.
Funding from banks for capital market players has become highly restrictive with the recent squeeze in liquidity and the interest rates charged have also sharply increased.
The corporate sector and banks will henceforth have the onus of deciding the fate of their debt for tax treatment, with their decision binding on the department, going by a recent order of the Mumbai tribunal.
Some banks are camouflaging their lending to small, unknown real estate developers to skirt stringent capital adequacy and provisioning requirements.
'Depreciation should be claimed on original book value, not after revaluation'.
The Securities and Exchange Board of India proposes to levy fee on stock exchanges.
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