The Election Commission, for the first time, has banned bulk text (SMS) messaging either by candidates standing for an election or by political parties to voters in the 48 hour period before start of voting in Assembly constituencies in Gujarat and Himachal Pradesh.As this ban is likely to be extended to all future elections, mobile service providers will have to live with the idea of losing what used to be a revenue windfall for them during elections.
The judge gave the ruling while dismissing a petition filed by the Commissioner of Customs. The court upheld the Customs, Excise and Services Tax Appellate Tribunal's earlier judgement, stating that the interpretation by the tribunal was in consonance with the Computers (Additional Duty) Rules, 2004.
A slew of real estate companies, like DLF, Omaxe, BPTP and Avnija Properties (Dalmia Cement), and large corporations like telecom bigwig AT&T, Sterlite, Videocon, JSW Power, Hinduja's HTMT, Moser Baer Infrastructure, Ispat Industries Ltd and a Sam Pitroda-owned company are among the 25 companies whose applications will not be immediately processed by the Department of Telecommunications (DoT) for awarding mobile licences.
Indian business conglomerate Tata Group is mulling a listing at London bourses for a new entity, a British media report has said. But the group's headquarters in India on Monday dismissed any such move.
Hyundai Motors India hopes to export over 250,000 cars next year from India, twice this year's number. Yet, Managing Director H S Lheem said this performance will not be without its problems. In fact, ebullient exports may end up denting the company's bottom line.
Cyber criminals are targeting enterprises and consumers based in tier-III cities. Internet bots (derived from the word web robots) are software applications that run automated tasks over the Internet. They are used for both commercial as well as malicious purposes.
Carlos Ghosn, the iconic CEO of Nissan Motors and Renault, is on a whistle-stop visit to India on Monday to finalise a joint venture and small-car blue-print with India's second-largest two-wheeler maker Bajaj Auto. Renault, Nissan and M&M also have a three-way equity tie-up to make passenger vehicles in Chennai, for which the facility is yet to be built.
Anand Jain , best known for his childhood friendship with Reliance Industries chief Mukesh Ambani, is now creating waves in the stock markets after his little-known company sold shares worth Rs 2,800 crore to a clutch of leading foreign investors such as Blue Ridge and Tiger.
Indian IT service providers are increasing their exposure in the healthcare and pharma segments. Multi-million dollar deals in this space by IT firms over the past three-four months only buttress this trend. Healthcare outsourcing has moved away from just undertaking medical transcription and business process outsourcing (BPO) work to core functions such as drug discovery, testing, research and development.
The Sebi think-tank is of the view that more and more sophisticated products should be available onshore to ensure that Indian capital markets attract different categories of investors, even while it wants to discourage all kinds of offshore products based on Indian stocks and derivatives, according to sources. Proposals for allowing short-selling in cash markets and stock lending and borrowing for institutional investors have been pending for some time.
This is the company's third international buyout in the last 12 months. Last year in October, the company had acquired Pinewood, the largest generic firm in Ireland and the biggest supplier of liquid generic products in the UK. Wockhardt had also bought Negma, the fourth largest independent pharmaceutical firm in France in May.
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.
The department of telecom (DoT) on Friday announced a set of rules for granting telecom licences and allocating spectrum that is likely to impact GSM-technology service providers like Bharti Airtel and Vodafone Essar, among others.
It means a CDMA players like Reliance can also operate GSM services and get the required spectrum from the government within the same licence. Earlier, they were allowed spectrum either for CDMA or for GSM within the licence. However, now they have to pay an amount equal to the entry fee of a UASL licence (over Rs 1,680 crore for a pan-India licence) to get the spectrum as recommended by the Telecom Regulatory Authority of India.
After heading the apex body for six years, and being instrumental in placing the Indian IT industry on the global map.
The release of Vista came more than five years after the introduction of Windows XP. It contains numerous new and reworked features.
The two groups have another JV, Wadia BSN, set up in 1996 to launch Groupe Danone's products from its global portfolio. However, nothing has been launched through the JV till date and Danone is in negotiations with the Wadias to dissolve the JV.
Shyam's application comes even as real estate major DLF Ltd confirmed on Wednesday that it will apply for telecom licences by Friday, the fourth real estate company to do so in the recent past.
As the cavalcade passed Wilson College, screaming girls were spotted holding up 'Marry Me' placards -- only the names changed, with Dhoni, Yuvraj, Mumbai lad Rohit Sharma and RP Singh clearly the favorites judging by the number of 'proposals'.
The best way to invest in the market is through discipline and consistency as no one knows where the market is headed.
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