One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
Under the slogan "Fakes cost more", the European Union is to throw its weight behind a global campaign against counterfeiting. A rare Ferrari and kung-fu-kicking monks will help launch the drive in Brussels on Monday. Jose Manuel Barroso, the European Commission president, is to open a counterfeiting summit attended by businesses, charities and campaign groups
The RBI cut the rate several times last year to reduce it by 125 basis points to the current 6.75 percent.
Amazon's fulfilment centres, which store products of hundreds of vendors selling on the American online major's platform, are being cited by Karnataka state government authorities as a primary concern in an ongoing tax dispute.
Last week, after months of scrutiny, the Forward Markets Commission, the regulator for futures trading in commodities, approved a proposal from state-owned MMTC Ltd and finance-to-real estate group Indiabulls to set up a national multi-commodity exchange.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
In Bangladesh, a call drop has more to do with network quality, while in India it is linked to spectrum shortage.
'It is the common people, not lawyers and judges, who are the stakeholders of the judiciary.'
The recalled notebook models are the VAIO VGN-TZ100 series, VGN-TZ200 series, VGN-TZ300 series and VGN-TZ2000 series. The computer screen size is about 11.1 measured diagonally. Not all units are affected and consumers should contact Sony to determine if their unit is included in the recall.
Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit.
To curb rising food prices, the Union government is contemplating using large-scale nuclear irradiation technologyfor increasing the shelf life of fruit and vegetables, particularly that of onions and potatoes.
Till such time as the study is complete, the plan to allow 51 per cent foreign direct investment in speciality retail sectors such as consumer electronics and sports goods has been put on hold.
White House said Trump strongly believed that protecting environment and 'promoting our economy are not mutually exclusive goals'.
Google faces mounting criticism on issues from copyright to click fraud. But the search giant isn't the only player in the industry with a dirty record.
The company wants to amend it's application against the part to make the case stronger.
The 30-share Sensex ended up 165 points at 29,044 and the 50-share Nifty gained 54 points to close at 8,834.
The removal of over 54,000 accounts was the largest such removal yet.
India's largest agri commodity bourse - the National Commodities and Derivatives Exchange - plans to launch futures trading in coal soon.
Large proportion of the international traffic is also diverted through other airports due to lack of operational facilities for convenient links through Hyderabad.
The country saw two straight years of deficient monsoons.
The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
Maharashtra Electricity Regulatory Commission's order rejecting the state power utility Maharashtra State Electricity Distribution Company Ltd request to increase load-shedding is likely to affect industry in the state adversely.
Around 7 billion units of coal power valued at Rs 2,400 crore lost due to drought.
The victim has been diagnosed with cancer. She was also forced to consume abortion pills by the perpetrators.
A bench comprising Mr Justices Arijit Pasayat and S H Kapadia made the notices returnable within eight weeks.
Infosys aims to commission 55 MW of solar plants by end of 2016.
'At this stage, you should distribute money and food.' 'Like you queue up to vote, let people queue up to collect this.' 'This will arrest the decline in demand which will have a multiplier effect on the demand side for the economy as a whole.' 'The government should earmark about 2% of the GDP for this.' 'And this should be the first step to revive the economy.'
The Delhi State Consumer Disputes Redressal Commission's decision to fine mobile phone firm Vodafone Rs 50 lakh (Rs 5 million) for offering prizes of gold coins and a Maruti SX4 as part of a promotional scheme is something all marketers in the country would do well to pay attention to.
Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.
The decision, taken by the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi, comes less than a year before next general election.
Talks on with P&G, HUL, Patanjali, among others to push their products via 250,000 common centres
In yet another setback to the Chinese toy industry, millions of toys made in the country are being withdrawn from the US and Australia as they allegedly contained a chemical which mimics the reaction caused by a date-rape drug and could lead to children slipping into coma. Moose Enterprise of Melbourne, Australia, the manufacturer of the popular toy called Aqua Dots, blamed the reaction on substation by a Chinese factory of toxic glue for a safe glue.
The National Multi Commodity Exchange is planning to launch turmeric futures of Erode variety soon.
There have been several instances of traders dumping fruits and vegetables outside mandis. Or of farmers dumping produce outside their villages or feeding them to their animals.
There is lack of scientific basis in computing the poverty line, says govt.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
Its executives are test-marketing the model in New Delhi.
In his order last week, Civil Aviation Secretary K N Srivastava ruled the meanings of transaction fee, commission or convenience fee were the same -- payment of remuneration to an intermediary.
The 6-member Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, in its fifth bi-monthly review, kept the repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.
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