Indian Software services exports are experiencing longest slump in 7 years


NEW DELHI : The resignation of Vishal Sikka as chief executive officer of India’s bellwether technology company masks the rot in India’s once feted export sector. While Sikka cited heightened acrimony with a cohort of founders at Infosys Ltd., the malaise is much deeper, and threatens to become a faultline for Asia’s No. 3 economy. Software More...

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By On Wednesday, August 16th, 2017

Nationwide Bank strike call for August 22: UFBU

THIRUVANANTHPURAM : The United Forum of Bank Unions (UFBU) on Wednesday declared that their nationwide strike call for August 22 stands as the talks with the Indian Banks` Association (IBA) in Mumbai have failed. The More...

By On Monday, August 7th, 2017

25% surge in filing of Income Tax Returns : CBDT

NEW DELHI : The Central Board of Direct Taxes (CBDT) on Monday highlighted a 25 percent increase in the number of Income Tax Returns (ITRs) filed in the current fiscal, on the backdrop of economic reform, including More...

By On Tuesday, August 1st, 2017

Jio’s makes Mukesh Ambani Asia’s second richest Business man

NEW DELHI : After storming the country with his ‘Rs 0 JioPhone’, Mukesh Ambani is making headlines once again as he climbed past Hong Kong’s business tycoon Li Ka-shing to become Asia’s second richest More...

By On Wednesday, July 26th, 2017

RBI stops printing of Rs 2000 note; accelerates production of Rs 200 notes

NEW DELHI : The Reserve Bank of India has stopped printing Rs 2000 notes to accelerate production of Rs 200 and other denominations notes, reported LiveMint. The report said that the RBI had stopped printing Rs More...

By On Monday, July 24th, 2017

India likely to clock 7.5% growth this fiscal Says Arvind Panagariya

NEW DELHI : NITI Aayog Vice Chairman Arvind Panagariya has said that India is likely to clock a 7 point 5 per cent economic growth in the current fiscal. He said in New York that towards the last quarter of the More...

By RAJEEV RANJAN NAG On Saturday, July 22nd, 2017

5 million Jio Phone units will be available weekly

NEW DELHI : Mukesh Ambani, Chairman of Reliance Industries launched the most-awaited JioPhone and announced its availability for trials to select customers beginning August 15 at the company’s 40th Annual More...

By On Tuesday, July 18th, 2017

Digital transactions ‘leapfrogged’ by 3 yrs post note ban

NEW DELHI : State Bank of India has said that India has leapfrogged three years of digitisation in just seven months post demonetisation and the government’s drive to promote use of debit and credit cards More...

By RAJEEV RANJAN NAG On Monday, July 10th, 2017

7th Pay Panel: Babu to get up to 157% hike in HRA from July

NEW DELHI : More than 48 lakh central government employees will start getting HRA (House Rent Allowance) hike in the range of 106 percent to 157 percent from this month (July, 2017) salaries as the Union Cabinet More...

By RAJEEV RANJAN NAG On Sunday, June 18th, 2017

GST Council relaxed return filing rules for businesses

NEW DELHI : The GST Council on Sunday relaxed return filing rules for businesses for the first two months of the rollout of the new indirect tax regime even as it stuck to the July 1 launch date. The industry has More...