Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
The empowered committee on GST headed by West Bengal finance minister Asim Dasgupta has agreed to a dual structure of the proposed indirect tax regime, which is likely to be introduced from April 2010. The new tax regime would do away with most of the indirect taxes levied at the Centre like excise and services tax, and VAT and Octroi at the State level.
It said the petitioner could also approach Telecom Disputes Settlement and Appellate Tribunal with his plea.
'Our strategy should be to 'hold the line' in the north on the Sino-Indian land frontier, but maintain and, if possible, enlarge India's current edge in the maritime south.'
Government sources on Thursday confirmed that the EGoM would meet on August 27. The EGoM, headed by Finance Minister Pranab Mukherjee, is likely to discuss various issues, including the amount of 3G spectrum to be auctioned, annual spectrum charges, the number of operators in each telecom circle and the reserve price for 3G and broadband wireless services, sources said.
In its report 'Global Top Picks', Barclays expects the current bull market in global equities to continue, generating a total return of 9 per cent in 2015.
In a top level reshuffle, software services major Wipro on Thursday appointed Soumitro Ghosh as head of Wipro Infotech replacing Senior VP and Business Head of Global Infrastructure Services Anand Sankaran, who quit the company hours before the rejig was announced.
Internet, tech, infra, realty in India might gain
The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth. The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.
BSNL had sought higher payment for minimum three years for the facilities provided to cell phone service providers -- BPL Mobile Cellular and Idea Cellular Ltd -- and email provider CG Faxemail (P) Ltd even if they had surrendered the right before the lapse of three years. A bench headed by Justice S B Sinha while upholding the telecom tribunal judgement that came down heavily on BSNL for revising rates unilaterally said: "We do not find that these appeals raise any substanti
While the Tatas are looking for PE deals of about $50 million or less, the A V Birla Group is eyeing deals worth not more than $25 million. Tata Capital is banking on its ability to source deals by exploiting the existing Tata ecosystem of suppliers and customers. The Birla group, which has committed 40 per cent of the $250-million corpus it planned to raise for its PE fund, is looking to leverage its strength to source and evaluate deals.
The Russian Direct Investment Fund will team up with an Indian partner to invest $1 billion in hydroelectric projects in Asia's third-largest economy, the head of the Russian state fund told Reuters on Wednesday.
Arun Sarin, the former chief executive of telecom giant Vodafone, who was reportedly in the race for the CEO post at Internet major Yahoo has decided not to accept the offer, says a media report.
The accused has been identified by his nickname 'Imran Chippa' and was arrested from Churu district in Rajasthan.
Arora's appointment brings no real transfer of power, says Una Galani.
A bench headed by Justice S B Sinha refused to hear the Vodafone plea that had challenged the Bombay high court judgment, which on December 3 last year had dismissed a petition by Vodafone International Holdings BV, contesting a showcause notice by the I-T department. Vodafone, Netherlands-based company, had bought a 67 per cent stake in Hutchison Essar from Hutchison Telecom International in February 2007 for $11.2 billion.
The drama over the third-generation, or 3G, telecom services policy took a new twist today with a Delhi High Court Bench headed by the Chief Justice A P Shah directing the Department of Telecommunications to file an affidavit explaining why it cannot auction all the available blocks of spectrum in the upcoming auction of 3G spectrum.
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
The amendment says that UIDAI can now give directions as it may consider necessary to any entity in the Aadhaar ecosystem
Indian consumers will have their tryst with 3G telecom services in the next six months, with the Department of Telecommunications (DoT) announcing that it is issuing state-owned Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) spectrum to roll out all-India services.
Sabarimala Karma Samithi on Tuesday organised a protest march to the Palarivattom BSNL office, seeking her expulsion.
While moving towards the new technology is compelling and inevitable, powering 5G would also mean massive initial investments for telcos, says Surajeet Das Gupta.
Ninety-nine companies, which also include some unlisted ones, have more than Rs 100 crore each of minimum alternate tax credit on their books, cumulatively adding up to Rs 75,000 crore. By utilising MAT credit, many companies will be able to bring down their effective tax cost.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent.
SoftBank will hold majority stake in the joint venture.
Sibal said the party will certainly move the court if amendments in the Aadhaar Act to be brought after this verdict are not brought in Rajya Sabha for discussion.
Bharti's talks with South African mobile operator MTN Group Ltd are now centered on a full takeover by the Indian operator for a combination of cash and stock, The Wall Street Journal said quoting a person familiar with the situation. The person said Bharti was considering paying as much as $20 billion in cash, said the paper. Bharti said on Tuesday it was in talks with MTN to 'combine the strengths of the two leading players from emerging markets.
"Legal and other policy issues have to be considered by legal experts and related to policy about return or non-return of spectrum. But every megahertz of spectrum has to cost somehow," the committee, headed by additional secretary in the Department of Telecom R Bandhopadhyay, said in a note. At present, mobile operators get start-up spectrum virtually free as it comes bundled with the licence. Companies need to pay Rs 1,651 crore (Rs 16.51 billion) for a pan-India licence.
Mexican Grand Prix organisers say next month's Formula One race in Mexico City will go ahead as planned despite the capital being hit by its deadliest earthquake in three decades.Mexican Grand Prix organisers say next month's Formula One race in Mexico City will go ahead as planned despite the capital being hit by its deadliest earthquake in three decades.
The battle for spectrum has now spread among the key members of the committee that was set up by the Department of Telecom (DoT) to suggest new subscriber norms for allocation of additional spectrum.
During the month, inflation in vegetables shot up to 35.99 per cent, as against 26.10 per cent in October. Likewise, the prices of cereals and eggs grew at a faster pace of 3.71 per cent.
VoIP services include communications applications such as Skype, Line and Viber
The proposals to get cable operators to offer digital signals aren't going to work unless the government mandates CAS-systems across the country.
The project was announced by Prime Minister in September.
Lakshmi Mittal and Arun Sarin, two India-born entrepreneurs, have figured out in UK's Power 100 list.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance
