In another instance of Indian tax authorities adopting a hard-nosed stance to prevent abuse of tax avoidance treaties, the revenue department recently opposed a proposal of a Cyprus-based company to increase its stake in an Indian telecom services company from 40 per cent to nearly 74 per cent.
India, which is ranked 2nd in Q3, raced past China where only 30 per cent respondents expect an increase in revenue, whereas in India, 85 per cent respondents have voted in favour of increasing revenue
The ministry of finance has shot off a missive to the Department of Telecommunications stating there could be a revenue loss in 2006-07 to the national exchequer, owing to reduced license fee from international and national long distance services.
The estimated size of the Durga Puja economy could be about Rs 2.75 trillion in 2021 had there been no pandemic, points out Atanu Biswas.
If purists are surprised as to why and how people are not demanding prohibition or not talking about past promises, both in the election manifestos five years back and even those made to the courts, the answer lies in how the state has been evolving and changing these past few years, says N Sathiya Moorthy.
Atletico Madrid have taken the decision to cut the wages of their staff, including the players, to ease the financial burden on the club as they struggle with the economic impact of the coronavirus pandemic, the La Liga club said
Mobile entertainment is set to become a $5-billion industry in India in the next two years, telecom experts said in New Delhi on Friday.
To double revenues in four years; asks staff to 'think like a start-up', to brainstorm out-of-the-box ideas
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
Fierce competition and rising capex will put pressure on most operators in 2017.
Private hospitals, especially smaller standalone ones, are staring at a crisis that they were not prepared for. Analysts say larger corporate chains have to brace up for at least six months for business to return to normal.
United, American snap code share deals, in compliance with US regulator's ruling
As corporate India prepares to put its house in order, the transition raises concerns
Manchester United have deposed Real Madrid as the world's richest soccer club after revenue grew to a record $735 million in 2015-16, according to Deloitte's annual Money League published on Thursday.
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
Users, however, can still make free Skype-to-Skype calls worldwide and international calls to mobiles and landlines.
At present MTNL and BSNL do not impose roaming charges for mobile internet services on each others customers.
Ever since MindTree, the mid-sized information technology and research services firm, acquired Aztecsoft in 2008, it has had a clear strategy in mind.
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
The initiatives intended to benefit the common man include e-ticketing, catering on demand, bio-toilets, food for infants, better stations.
Infosys, India's second largest information technology (IT) services company, is likely to book an impact of less than $1 million (Rs 6 crore) due to the financial irregularities in the accounts of its business process outsourcing (BPO) arm, which led to the dismissal of the unit's chief financial officer, Abraham Mathews earlier this week.
The air defence command is to be rolled out by the beginning of next year and the Peninsula command by the end of 2021, Gen Rawat told a select group of journalists. The Indian Air Force will helm the air defence command and all-long range missiles as well as air defence assets will come under it, he said.
Given Narendra Modi's trust in him, Praful Khoda Patel is unlikely to back down in Lakshadweep.
There is much work to be done to design a good GST.
He alleged that the people of Madhya Pradesh were 'befooled' by the saffron party as there was no council of ministers or a health or home minister in place in the state amid the crisis due to the coronavirus outbreak.
Company identifies areas like cognitive technologies, artificial intelligence, man-machine interface, robotics
'The sooner we understand and accept this current situation as the new normal, the better,' advises Major Mohammed Ali Shah (retd).
Top firms get GST notices on credit claims on Friday; replies sought within hours.
Illegal routing of international calls is assessed to have caused a loss of about Rs 145 crore to the government during the last three financial years, Minister of State for IT and Telecommunication Jyotiraditya Scindia said in a written reply to Lok Sabha. Illegal routing of international calls is done in the guise of local calls by private players, resulting in evasion of connectivity and Access Deficit Charges.
Government will create conducive environment for fund managers: CM
The Indian-American community in the New York-New Jersey-Connecticut tristate area is being targeted by telephone fraudsters.
After a miserable two years of flopping films and stagnant revenues, what has changed for the film industry?
Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.
The Railway Board has decided to wind up the ambitious Rs 5,000-crore One ICT plan and the transformation cell
In absolute terms, fiscal deficit went up by 33.6 per cent in April-December 2017 and the revenue deficit by as much as 40.7 per cent compared to the same period the previous year, said Sudipto Mundle.
Jack Ma who had five years ago said he was inspired and excited by "Make in India" possibly understood the essence of the signature campaign better than some others and decided to stay away from India other than as an investor, says Nivedita Mookerji.
While moving towards the new technology is compelling and inevitable, powering 5G would also mean massive initial investments for telcos, says Surajeet Das Gupta.
