News for 'ual'

Telecom industry wants govt to junk USOF, slash duties

Telecom services providers have urged the Ministry of Finance to suspend the universal service obligation (USOF) till the existing corpus is exhausted. In their Budget recommendations, they have also pressed for an exemption from the service tax on "assignment of right to use natural resources" and the slashing of Customs duty on telecom equipment to zero. The Cellular Operators Association of India (Coai), which represents private sector telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea, called for abolishment of USOF levy.

Cognizant rejig to cost $400 mn over 2 years, to lay off 3,500 employees

Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part of this structural shift, Cognizant will eliminate 80,000 seats, or 11 million square feet of real estate in large cities in India.

United Continental Holdings CEO to get $975,00 pay

UAL and Continental Airlines closed their merger on October 1 creating the world's largest carrier by traffic.

DoT diverted Rs 33,682.86 cr rural telephone money, says CAG

The Universal Service Obligation fund was set up in April 2002 and a statutory status was given to it.

Continental, United may become largest airline

Continental Airlines and UAL Corporation's United Airlines are expected to announce next week that they are combining operations to form the world's largest airline. United's board is expected to vote on the deal on Friday, which was reached in less than three weeks.

Budget 2021: Dividend anomaly for FPIs may be corrected

Last year's Budget had created uncertainty about the quantum of tax to be withheld on dividends paid to non-residents, as the exact tax rate was not specified under section 195.

UA passengers can surf the Net

United Airlines, the world's second-largest carrier, received regulatory approval to install wireless Internet access to its fleet in a partnership with Verizon Communications Inc.

United Airlines files biggest airline bankruptcy e

'I still believe Jet will fly'

'Now we will have real employees as the owner of the airline.'