Revenue foregone on account of corporation tax exemptions is estimated to grow by 16 per cent in 2018-19 (FY19) versus 8.7 per cent in the previous year and 12 per cent in 2016-17, show the Budget documents.
DoT plans to initiate move that might lower the revenues telcos share with government.
There are about 600,000 taxis in India, generating combined annual revenue of about Rs 11,000 crore (Rs 110 billion).
The Indian IT industry has consistently protested the anti-outsourcing rhetoric of American politicians.
'Some of these companies are India focused, some are overseas focused and some companies are focused on both.' Ritu Jha/Rediff.com reports from California.
Uber is suing Ola for $7.5 million to compensate for lost revenue and goodwill, alleging the Indian market leader created about 94,000 fake user accounts with the ride-hailing service and used them to make more than 405,000 false bookings
As per norms, sanction for prosecution of government employees accused of corruption has to be given within four months' stipulated time.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
Small and big advertisers are making their presence felt this year far more than they did earlier, bringing a smile to the faces of the tournament's organisers and partners.
Krishnamurthy Subramanian listed land, labour, law, and liquidity as the key areas of big reforms.
At present 100% FDI is allowed, of which up to 49% investment in a company can be done through the automatic route
Enguru app's 40-hour programme teaches general spoken English & employability-focused English.
The National Association of Software and Service Companies on Monday said the Indian software and services sector will post a 28 per cent growth in 2003-04 at $12 billion in revenues, compared to $9.5 billion in 2002-03.
It's the second time Nasscom has projected single-digit growth in a decade.
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
Though e-commerce opens a new world for the handicraft industry, empowering craftspersons still remains a real challenge.
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
The situation in the state may force some foreign companies to look for alternative cities in India.
Ajit Doval is now India's all-powerful security boss. This concentration of power disrupts our layered security system. Will it not weaken whatever remains of the power and authority of the home, defence and finance ministers? asks Shekhar Gupta.
In 2016, almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from just one country, China, which was by far India's largest source of imports in that year
Ambee, an Ambulance-hailing app, is set for commercial rollout. Sharath Chowdary profiles the Uber-backed firm that aims to bring online 50% of ambulances across 60 Indian cities over 5 years.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
The ultimate consequences of Rahul Gandhi's yatra may be known only in 2024, points out Dr Sudhir Bisht.
The Centre on Thursday assured justice will be done to suspended Indian Administrative Service officer Durga Shakti Nagpal, who had clamped down on the mining mafia in Gautam Budh Nagar area of Uttar Pradesh.
A large percentage of total tourism business activity of India, which is estimated at $28 billion+ in forex and upwards of Rs 2 lakh crore in domestic tourism activity will be at economic risk through the year.
While smart boys like the Ruias of Essar, Ajay Piramal, Max India promoter Analjit Singh laughed all the way to the bank, the Tatas, Anil Ambani, Malaysian tycoon T Ananda Krishna of Maxis (which invested in Aircel), Sistema, and Norway's Telenor burnt their fingers, notes Surajeet Das Gupta.
Investors will look at how TCS has performed when it announces the quarter's results on October 13, and the forecast from Infosys on October 14
Infosys has been in the eye of the storm on alleged violation of H-1B and business visa norms on several occasions in the US
Indian animation industry has a potential to touch earn a revenue of over $1.5 billion by 2005 compared to the current $1 billion
Moody's said the government will face challenges in achieving its deficit target for the fiscal year ending March 2021, amid persistent structural and cyclical headwinds to growth.
Sixteen major contracts worth nearly $14 billion to be renewed by June 2018 but uncertainty looms large.
India has the world's largest treasure-trove of skilled manpower and is on the way to become a global IT powerhouse.
The blaze started on the second floor of the Arpit Palace Hotel in the heart of the national capital around 3.30 am, trapping many guests who were in deep sleep.
Board of Control for Cricket in India's Chief Executive Officer Rahul Johri says the revenue generation from the upcoming Indian Premier League's media rights auction could be "historic".
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
The 33-year-old man, identified as Jagdish Kanani was arrested from suburban Borivali on Sunday night.
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
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