Telecom services providers have urged the Ministry of Finance to suspend the universal service obligation (USOF) till the existing corpus is exhausted. Illustration: Dominic Xavier/Rediff.com In......
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.......
United Continental Holdings, the newly formed airline company from the merger of UAL and Continental Airlines, said it will pay its President and CEO Jeff Smisek an annual salary of $975,000. UAL......
Government auditor CAG has flagged diversion of Rs 33,682.86 crore (Rs 336.83 billion) from the USO fund, which was set up to provide basic telephone services in rural areas, for other purposes......
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. Illustration:......