The tax forces young startups to part with a portion of the capital they have raised from investors due to disagreements over the valuation of the company by Income Tax officials.
'Where is the board's accountability in this whole transaction? The members of the earlier board who participated in approving and defending these acquisition are still in the current board,' the whistleblower said in a mail sent to US SEC and Sebi.
The charge sheet has now paved way for the CBI to approach authorities in the UK for deportation of Mallya.
Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period.
Going ahead iGate will have to maintain a healthy order book to sustain growth.
IT services firm HCL Technologies on Thursday reported a 14.4 per cent increase in net profit at Rs 1,926 crore (Rs 19.26 billion) for the quarter ended March.
LIC is one of the largest Indian shareholders in the country's largest car maker, with a 6.93% stake.
Raju was arrested by the Crime Investigation Department of Andhra Pradesh Police two days later along with his brother.
Consumer products like mobile phones and laptops may become cheaper as the overall taxes on goods are likely to come down
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner
SFIO is looking into the role of Grant Thornton LLP which had valued the brand.
Raju was arrested by the Crime Investigation Department of Andhra Pradesh Police two days later along with his brother.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Accordingly, 12 affiliated units -- Andhra, Assam, Goa, Jharkhand, Kerala, Mumbai, Rajasthan, Railways, Tripura, Universities, Uttar Pradesh, Vidarbha -- have submitted their suggestions to the amicus curiae and they have reached a common ground.
The first phase of integration is already over
Sector-wise, oil & gas witnessed monthly growth of 30 per cent in hiring while insurance sector registered an increase of 25 per cent compared to September.
The 58-year-old businessman, who is also the son-in-law of former Karnataka Chief Minister SM Krishna, has been missing since Monday evening from Mangaluru.
Flipkart's model is a money guzzler
IT services firm Cognizant on Wednesday posted 12.9 per cent increase in net profit to $420.1 million for the second quarter this year, revising revenue growth guidance to 20.1 per cent for the fiscal.
With the appointment of Vishal Sikka as CEO and Managing Director of the company, IT major Infosys has elevated 12 leaders to the position of Executive Vice President with additional responsibilities.
Production cost in Africa varies between $1 and $2 a kg while in Assam it is $1.9 and in West Bengal over $2
He is betting on emerging firms to generate ideas and build wealth through Premji Invest
Rejig likely every few years to make company flexible to the changing needs of business
There's a long way to go before human beings are replaced by machines -- in banks at least.
The members approved the recommendation of the BCCI's affiliation committee to grant full member status to Chhattisgarh State Cricket Sangh, which will be part of Central Zone for all BCCI tournaments.
Tata Sons and Singapore Airlines (SIA), which recently received a no-objection certificate from the ministry of civil aviation to start a full-service airline (Tata-SIA Airlines), are in the process of securing an import licence for 20 Airbus A320 aircraft.
HCL Technologies on Tuesday reported a 3.6% increase in net profit at Rs 1,683 crore (Rs 16.83 billion) for the quarter ended March 31, 2015.
'Merely keeping low price may help in the lower segment initially but people have become much more aware and careful about their health and it will eventually determine value for money.'
Already facing an exodus of top management, Infosys is also struggling to retain talent at mid and junior levels, with 1,823 people leaving the firm in the October-December quarter.
March was the first full quarter for Infosys under its new CEO Salil Parekh.
In his first media interaction after taking over as the president of the Board of Control for Cricket in India, Anurag Thakur on Sunday made it clear that the BCCI is not running away from implementing the recommendations suggested by the Supreme Court-appointed Justice Lodha Committee, however, he clarified that it is not possible to implement all the changes. He gave reference to the one particular recommendation which says that no advertisements should be shown between overs during a live match on television, which he believes will affect the revenues of the BCCI and in turn affect everyone connected to the Board including the former, current and future players. "If you look at the reports, IPL is the fastest growing league in the world, which in itself is a great achievement for the BCCI. They have worked well, the franchises have contributed. If you look at the other side of it, where do you get the major revenues from? It is from the home series. And your revenue comes from where? It is from the advertisements," Thakur said.
For the full 2016-17, Wipro's profit fell nearly 5 per cent to Rs 8,518 crore while total income grew 7.4 per cent to Rs 57,995 crore compared to the previous fiscal.
US-based outsourcing firm iGate on Wednesday said its net profit declined 89.6 per cent to $3.1 million for the quarter ended June 30, 2014 hit by a one-time charge related to a debt settlement.
Describing Murthy as a business icon, T V Mohandas Pai, former CFO of Infosys, said he is more than eminently suited to hold the position of Chairman Emeritus.
Hiring activities witnessed a moderate increase of 3 per cent in September with most of the sectors showing positive recruitment trends after a dip in the index the previous month, according to job portal Naukri.com said.
Raghu Krishnan profiles the man in the eye of the storm at Infosys.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
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.
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