The proposal will impact US-based companies like IBM, Hewlett Packard, Microsoft and Oracle that have overseas operations in countries like India.
Most large American companies earn more than 50 per cent of their revenue from markets outside the US and will be affected by the proposed tax reforms. Business groups in the US had assailed the proposal, arguing it would subject them to far higher taxes than their foreign competitors must pay and ultimately endanger US jobs. Global companies that earn profits in India are subject to a tax rate of 33.9 per cent and the impact of the proposed reforms on them would be marginal.
The country will host the first ever live NBA match in October this year
They have lost more than $13 billion from their combined wealth, but still the two Ambani brothers have moved higher on Forbes' latest list of the world's ten richest CEOs, while Sunil Mittal has joined the league and Lakshmi Mittal has slipped two places.
They don't call him "The Oracle" for nothing.
As federal officers raid alleged abusers, tech employers worry they'll run short of skilled foreign workers, especially in stimulus sectors.
After one of the most disastrous weeks in the history of Wall Street, Warren Buffett decided to invest $5 billion there.
Investing like Warren Buffett is neither an art nor a science. Rather, it is a study of human nature and a willingness to follow a mundane path.
IT services provider Satyam Computer Services Limited is setting up a 15-acre campus at Cyber Jaya, the IT hub of Malaysia, which is expected to be operational by this year end, said Prasenjit Kundu, head (global solutions centre in Malaysia), Satyam.
'I was always a reluctant actor.' 'I kept putting things off and not doing them.' 'But Tenet has really changed that for me.'
Even as the H1-B cap for the year was reached for regular and 'advanced degree' students, the Department of Homeland Security announced an extension of the Optional Practical Training period up to 29 months.
Software market in India grew 10 per cent to $4.76 billion in 2013, driven by strong adoption of cloud or subscription-based services, research firm Gartner said.
Multinational software firms like Microsoft, SAP and Oracle -- which license software and earn royalty on it from Indian customers -- are facing the heat from assessing officers if they have not paid taxes on the gross royalty income. According to a ruling by New Delhi-based commissioner Income Tax (Appeal), Microsoft has to cough up over Rs 700 crore in taxes and interest for the period 1999 to 2005.
Deepak Ghaisas plans to start a new venture in the knowledge industry with a global business model after resigning from i-flex solutions (part of Oracle now), sources close to the development said.
Internet major Yahoo Inc's chief technology officer has expressed his inclination to resign, the company revealed in a US Securities and Exchange Commission filing on May 30.
Gujarat may have missed the IT/ITES bus earlier, but the two upcoming IT/ITES SEZs by K Raheja Corp and DLF are all set to drive the growth of the industry here. As many as 50 companies are likely to set up shops in the two parks coming up in Gandhinagar.
With visas set to max out quickly again, tech companies want more. Amid rising joblessness, does America need more skilled foreign workers?
The Internet boom put these 33 innovators on our list of the world's richest. Total worth: $109.7 billion.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
Tata Consultancy Services is recruiting Team Members/ Team Leaders/ Project Leaders/ Project Managers for their Delivery/ Solution Centers.
Defeats by Sweden and Russia have sealed the fate of the surprise Euro 2004 winners, who have yet to score a goal at the tournament and never looked like getting back into either game.
Striker David Villa scored in stoppage-time to give Spain a 2-1 victory over Sweden in a scrappy Group D encounter at Euro 2008 on Saturday. The result puts Spain close to a place in the quarter-finals with six points from two games, though Sweden are still in the race on three points.
World Cup winners Italy and runners-up France were in danger of tumbling out of Euro 2008 at the group stage.
Software major Infosys Technologies would be included in the coveted NASDAQ-100 index with effect from December 18, the company said in Bangalore on Saturday.
In addition to Pichai and Nadella, IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ajay Banga from Mastercard and Ann Mukherjee from Pernod are among the six Indian-Americans among over 200 corporate honchos who will advise the President and offer recommendations on how to revive the American economy.
The Golden State Warriors shook off their bumps and bruises and advanced to their first NBA Finals in 40 years after defeating the Houston Rockets 104-90 to clinch their Western Conference Finals series on Wednesday.
The American-made robot housed in Moscow's Robo Station predicted a few hours before kickoff that France would beat Belgium in Tuesday's semi-final in St Petersburg.
Leonard, who also won the award in 2014 while playing for the San Antonio Spurs, joins basketball greats Kareem Abdul-Jabbar and LeBron James as the only players in NBA history to win Finals MVP with two different franchises.
His formidable missus turned a year older on March 26.
Seeking a wealthy mate? Consider looking online first before shelling out thousands on traditional matchmakers.
Indian outsourcers file the most applications for temporary H-1B visas. Are they using them to train staff for jobs abroad?
"In case he (Dhoni) wins the toss, there should not be any second thought on inserting Pakistan. The pitch would have something for the pacers in the early hour and that would be the best time to make inroads," pitch curator Shiv Kumar said.
Microsoft has worked hard to exploit the advantage its mail software provides
A Mexican telecom magnate has overtaken American investor Warren Buffett as the world's second richest man and is breathtakingly close to passing Bill Gates, the numero uno in the billionaire's list.
To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
What does it take to live the life of luxury like one of the world's billionaires? We find out.
The reason for the windfall: the soaring value of their stock awards.
Almost 90 per cent of companies that started their captive operations (set up to provide internal services and in some cases sell them to clients) in India in the last 18 months are operating with less than 300 people each.
