The fringe benefit tax (FBT) was levied on ESOPs in the Union Budget this year and the IT industry is still grappling with the issue of how to factor in the tax.
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.
Larsen & Toubro is set to invest Rs 100 crore (Rs 1 billion) in Mysore-based Rangsons Electronics for a 40 per cent stake.
Companies like Brigade Group, Shriram Properties, Confident Group and Skyline Builders are in the final stages of completing the paper work of tying up these investments.
Forget Starbucks coming into India. Witness the expansion of Caf Coffee Day, which is set to mushroom across the country.
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.
The company, which has been acquiring mature companies across the world, is doing something different in India taking the angel investing route in an effort to tap ideas and talent pool.
Blue-chip names such as Bessemer Venture Partners, Google, JP Morgan Asset Management are taking strategic bets in the Indian 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.
Standard Chartered and IL&FS Investment Managers are close to signing an agreement to raise a $1 billion India-focused infrastructure private equity fund.
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.
Bangalore-based company aims to raise around Rs 300 crore
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