Indian venture capitalists and private equities are expected to invest over $8.5 billion (about Rs 42,000 crore) in the next five years in sectors like biotechnology, life sciences, film production and education, an Assocham-Deloitte study said.
Each city would get Rs 100 crore (Rs 1 billion) every year.
The time the companies have to get ready for GST is 6 to 12 months.
If the policy is extended to NBFCs and co-operative banks, they will have to disclose divergence in asset classification and provisioning during RBI inspections in their audited financial reports. Till now, these entities have been exempted from this. At present, there are more than 98,000 co-operative banks and 10,000 NBFCs. Sources said the RBI would concentrate on the top 50 co-operative banks and NBFCs.
The chartered accountants regulator ICAI on Thursday said KMPG cannot audit Satyam's books, but the global auditor said it does not require to register with the regulator to restate the IT company's accounts.
Global sales made via mobile devices are expected to top $638 billion.
It is one of the three marquee hotels owned by Sahara outside India.
Fraud is a big concern among many board members.
With a middle class still so small and no apparent leaps in productivity on the farm or in manufacturing on the horizon, India faces its own age of diminished expectations.
The e-commerce sector gave a much higher average hike of 16-20 per cent to its executives.
Service companies such as Infosys, Tata Consultancy Services and Airtel, among others, would be particularly hit.
'Foreign clients are beginning to question the reliability of outsourcing and are considering insourcing'
It hopes to leverage the growing number of mobile transactions
ICICI Bank, India's second largest bank, was awarded 'The Best Retail Internet Bank Award in India-2004' and 'The Best Corporate/Institutional Internet Bank Award in India-2004' by internationally acclaimed Global Finance magazine.
Cabinet to take up proposal to extend operation & maintenance contracts from 9 to 29 years
Call for fiscal autonomy to Union Territories with Assemblies may get louder with 'special status' to J&K in the Finance Commission, say experts.
All the 50 company CEOs, including the 17 companies headed by Indian Americans, were honored at a gala awards ceremony last month.
Exemption limits, standard deduction on radar.
Being a member of the World Trade Organisation and General Agreement on Trade in Services, India will have to lift restrictions on foreign capital in insurance.
The Board of Control for Cricket in India, eagerly awaiting a response from the Justice Rajendra-Mal Lodha panel on the appointment of an independent auditor, may not get one by October 25 as the three-member committee is not likely to meet on Monday.
Among the greatest mistakes women make in their career is losing track of their career goals, not taking additional responsibilities and learning new skills and technology.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
If proved correct, MJ-1 would the third biggest gas field in KG-D6 after D1&D3.
Politicians appeal to key groups of voters like farmers or the poor by keeping prices low and ignoring theft, prompting scepticism about whether states will agree to any package that forces tariff hikes.
Consensus seems a problem before the current session of Parliament ends.
Lenders are not enthused because, as brokers, their responsibility towards policyholders will be higher than corporate agents.
The presence of Fortune 500 companies will double in Gurgaon to over 40 per cent by 2010 as the city would establish a hub for knowledge economy by then, an Assocham-Deloitte paper said on Tuesday.\n\n
Private consumption is looking up and will get better as the full effect of the good monsoon is felt on rural income, and the effect of the payout from the Seventh Pay Commission is felt on urban income, say Anis Chakravarty & Rishi Shah.
The tax, in lieu of local levies, will be imposed at the first point of a financial transaction.
Sebi's surveillance department has red-flagged unusual trading patterns in some stocks. Shares of some companies were seen going up ahead of a sharp sell-off.
Research by Deloitte shows that one in four people questioned have brought IT functions back in-house after realising that these services can be addressed more successfully or at a lower cost using internal resources.
From 100% tax deductions for contributions to PM-CARES fund to extending the due date for linking Aadhar and PAN card, the government has provided various tax relief and extensions in deadlines for statutory compliances, says Homi Mistry.
Downloading songs, movies, books? You may have to pay tax on it.
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Firms with low promoter holding may get to buy shares from secondary market.
More and more CSR is being defined by how a company runs its operations and makes its profits; and just firms donating money to charities.
What matters is the culture and the atmosphere of the workplace, and whether employees get treated fairly. 'It is also important for the employee to feel s/he is part of a winning team,' Credit Suisse's Mickey Doshi tells Niraj Bhatt.
Many companies are putting HR's reputation as a back office administrator to rest by either outsourcing or automating most administrative tasks.
