Any company resident in a country has to pay both indirect taxes as well as Income Tax.
At least two of them - Lava and Micromax - are arming themselves against the Chinese rivals which made them insignificant in the local market over the past few years.
Outlining the Budget estimates for the coming year, the Railway Minister Suresh Prabhu put the plan size at Rs 1.21 lakh crore.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
The airline's accounts are yet to be audited.
Infosys President B G Srinivas will join Hong Kong-based diversified group PCCW as Group Managing Director in July, after ending his 15-year old stint with India's second largest IT services firm.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
The search giant's music streaming service in India is priced a third lower than the iPhone maker's subscription fee.
We'll see what happens with Brexit. Either way, there will be technology spends because people have to develop and modify new systems.
Indiagames, a provider of online and mobile games, has signed a deal with Bharat Sanchar Nigam to offer its online 'games on demand' service.
The KPMG global business outlook survey of over 11,000 companies across the world found healthy optimism around key measures such as business activity, revenues and profits.
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 company plans to set up Wi-Fi spots in hotels, retail cafes, airports, stadiums, malls and government and education complexes.
The company will structure its services under four business segments -- Data, voice, WiMax and National Long Distance services -- that would help it increase focus on customer segments and improve revenue generation. The group will realign operations of Reliance Globalcom (formerly Flag Telecom), Reliance Globalcom Services (earlier acquired Yipes Enterprises) and Reliance Vanco Group (formerly Vanco Group) under the four proposed verticals.
This is Core's second acquisition in Atlanta.
The company's revenue rose by 11.7 per cent to Rs 27,364 crore.
While Vodafone will hold 45.1% of the shares in the new entity, to be renamed at a later stage, Kumar Mangalam Birla and other promoters of Idea group will hold 26%. Vodafone India will also transfer 4.9% of its shareholding to Idea's promoters for a cash consideration of Rs 38.74 lakh crores.
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
Also on the anvil is abolition of distinction between Plan and non-Plan expenditure and replacing it with capital and revenue expenditure
It will not be to India's advantage to create misperceptions that it is bandwagoning with some Anglo-American project for regime change in Myanmar, argues Ambassador M K Bhadrakumar.
Abid ali Neemuchwala's ambitious plans for Wipro.
In the upcoming round of privatisation, unviable airports are likely to be clubbed with six main airports and a prospective bidder may be restricted to bid for two airports.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
Sixteen major contracts worth nearly $14 billion to be renewed by June 2018 but uncertainty looms large.
Prime Minister Modi has entrusted Amit Shah with the task of coordinating all the agencies with their power to monitor movement and phone calls, says R Rajagopalan.
Has also sought permission to share with Virgin Atlantic for new routes in Britain.
Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial year to 9.3 per cent saying that the second wave of coronavirus infections hampers economic recovery and increases risk of longer-term scarring. Moody's, which has a 'Baa3' rating on India with a negative outlook, said obstacles to economic growth, high debt and weak financial system contrain sovereign credit profile. The US-based rating agency had in February forecast a 13.7 per cent economic growth for the current fiscal (April 2021-March 2022).
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
"There has been interest from various foreign companies in the planned 3G auction," telecom minister A Raja told reporters in Geneva, exuding confidence that the auction of 3G and Wi-Max spectrum would generate at least Rs 25,000 crore (Rs 250 billion) of revenue for the Indian government.
Private airport developers in Delhi, Mumbai, Hyderabad and Bangalore, say landing and parking fees account for a significant proportion of revenues, so offering these services free would be unviable.
'Remote Working/Work from Home' strategy has been activated to aid social distancing in the impacted regions. Travel advisory across the organisation has been issued with full precautionary measure.
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
To reduce those not even meeting variable costs to 19% of network by March, from 38% five months ago.
The acquisition will allow Lenovo to diversify revenue away from the shrinking PC business.
Concerns are swirling that Japan's dream of hosting the Tokyo 2020 Olympics could be a fatality of the spread of the new coronavirus, jolting organisers, sponsors, and media firms who have spent billions of dollars in the run-up to the event. Global insurers face a hefty bill if the coronavirus forces the cancellation of the Games, with estimates of the cost of insuring the showpiece running into billions of dollars.
A shorter tournament will mean a smaller share from the shrunken central pool of revenues for the eight IPL franchises, not to mention a reduction in gate receipts. Cricket Australia stands to lose some A$300 million ($174 million) should the coronavirus outbreak derail their high-profile home test series against India later this year.
