'The estimates of tax forgone on this item run into hundreds of billions.' 'And there is neither fairness nor rationality to support continuing with this tax holiday for just one class of investors, those who put their money in shares,' says T N Ninan.
The direct tax collections are likely to fall short of the revised Budget target by Rs 650 billion and, in fact, were Rs 150 billion lower than the original estimate for the fiscal
The company declined to disclose the names of the firms it was acquiring as the regulatory clearances and some negotiations are still in process.
Four decades of federal evolution made India more secure, but coronavirus is reversing that. Modi's central government has tasted power again and is unlikely to give it up, notes Shekhar Gupta.
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
'The actual price of petrol is Rs 35 and it jumps to Rs 88 because of government taxes.'
'Start Ups have to be really careful of the kind of talent they bring in, and the tone and culture they set.' 'It's absolutely crucial that the people we hire are motivated go-getters who can align with the company's long-term goals, culture and values.'
The markets gained nearly 7 per cent in the 4 trading sessions of March.
Vinod Kumar, Tata Communication CEO has amazing business strategies to enhance topline.
Cricketer Harmanpreet Kaur, who hit a stunning 171 not out in the recent women's cricket World Cup propelling India into the finals, has been promoted as Officer on Special Duty (OSD) in the Western Railway.
Sikka reinforces focus on automation & artificial intelligence
The Indian stock markets may turn bearish after the US Fed decides to raise interest rates.
The continued rise in interest is a pressure on fiscal, but it is not an easy way out unless the government cuts back on populist measures and sticks to fiscal prudence as laid out in the FRBM, which the government missed for the second consecutive year.
Sections in the draft Personal Data Protection Bill are a blatant violation of the Right to Privacy as guaranteed by the Constitution.
Country accounts for 38% of telco's global user base, 10% of total revenue
Court cases likely over interpretation of the new levy proposed in the Budget for digital economy.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
L&T is the preferred pick, but given the opportunities in the power T&D space analysts are also positive on KEC, ABB and Kalpataru
'If an airline is willing to get the funding, it will fly in unviable routes.'
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
After selling Polaris to Virtusa, Arun Jain will focus on Intellect Design, play the role of mentor and angel investor, and pursue his interests in healthcare and education.
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.
'The current budgetary practice of shifting expenditures off-balance sheet in order to be seen to be meeting fiscal targets should be discontinued; additional fiscal stimulus would be imprudent; individual income tax rates should not be cut; GST rates should not be raised now,' advise Arvind Subramanian and Josh Felman.
In the past couple of years, Saregama has redefined itself into a 'content IP company'.
The Anmol effect: R-Cap shares jump 40% since junior Ambani joined the board
UN intervention has been sought to address the grievances of the people of Gilgit-Baltistan in Pakistan-occupied Kashmir.
The social media giant promised that news and views will be checked for veracity and pejorative content will be weeded out.
In February 2012, Laundry Project opened its first factory in Chennai. Initially, it catered to hotels - Taj, Oberoi, Marriot, Ascot and Radisson.
Patanjali Ayurved's rise has prompted most other babas to go back to the drawing board. Most of them are either scripting or re-jigging their business plans, says Arvind Singhal.
Looking into the flexi-fare scheme in Rajdhani, Duronto and Shatabdi trains introduced in September 2016, the CAG stated that occupancy in all classes except the sleeper class in Duronto decreased.
Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.
The Bombay High Court on Thursday stayed a new income tax demand of Rs 3,000 crore (Rs 30 billion) on Vodafone India Services in an alleged transfer-pricing case from 2010-11.
The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others.
Here's everything you need to know about the Goods and Services Tax Bill.
Bharti Enterprises Group CFO Sarvjit S Dhillon said there is more clarity on the regulatory front now, which is a good sign for the industry.
