Business Category

New Delhi:  India moved another step closer to the launch of a nation-wide sales tax regime when the lower house of parliament approved supporting legislation on Wednesday night. The development will boost confidence that the wide-ranging tax reform — which was proposed a decade ago and since then has been refined to win bipartisan support under Prime Minister Narendra Modi — will meet the government’s latest target of July 1. The four bills supporting India’s most significant economic reform since the 1990s will now go to the upper house, whereRead More
Mumbai: Riding on the outcome of the just-concluded assembly elections, key Indian equity indices zoomed to new 52-week highs and crossed their psychologically significant levels. The benchmark NSE Nifty hit a record intra-day high and closed above the 9,100-mark for the first time during the truncated week ended Friday. On Friday, the wider 51-scrip Nifty of the National Stock Exchange (NSE) touched a new record intra-day high of 9,218.40 points. Similarly, the Sensex touched a new 52 week-high of 29,824.62 points. The bull run continued for the second consecutive weekRead More
Hyderabad: Writing on the wall is clear now as slowdown in hiring by technology majors looks certain. However, industry bigwigs are not explicitly admitting this. Nasscom attributes surging levels of automation and efficiency to hiring slowdown.  The convergence of information, communication and technology (ICT) coupled with surging IoT (Internet of Things) are expected to drive the talent hiring pattern in the days to come. “Just not Trump and the US market, but over all developments are responsible for this,” said CP Gurnani, Nasscom Chairman and also MD&CEO of Mahindra Satyam.Read More

Posted On February 21, 2017By telanganaIn Business, City, Telangana

Notification of Telangana Eamcet on February 27

Hyderabad: The Jawaharlal Nehru Technological University on Monday announced that the notification for conducting Engineering Agriculture and Medical Common Entrance Test (Eamcet) would be issued on February 27 and the applications would be received from March 3. Issuing the schedule, the officials of JNTU said that the last date to submit applications online without fine is April 3.   Correction of application data would be allowed from April 7 to 20. Last date for submission of online applications with fine of Rs 500 is April 12 and with Rs 1,000Read More
President Donald Trump caused confusion during a Saturday rally in Florida when he said: “You look at what’s happening last night in Sweden. Sweden, who would believe this?” Trump then mentioned the French cities of Nice and Paris and the Belgian capital, Brussels. The three European cities were all attacked by terrorists over the past two years. Although Trump did not explicitly say it, his remarks were widely perceived in the United States and abroad as suggesting that an attack had occurred Friday night in Sweden. Trump himself attempted toRead More
MUMBAI:  As the country’s richest civic body – Brihanmumbai Municipal Corporation (BMC) – votes today along with nine other municipal corporations in Maharashtra, the stakes are high for the BJP and Shiv Sena – the friend-turned opponents in the state. The Shiv Sena, which had been ruling the BMC with the BJP for several years, decided to fight elections alone this time after a falling apart with its long-time ally over the seat-sharing issue. BMC is the most cash rich corporation in the country with an annual budget of 37,000Read More
MUMBAI: Automation and the new U.S. administration were the big unknowns at the tech sector’s annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the $150 billion industry, which rose to prominence at the turn of the century by helping Western firms solve the “Y2K” bug, said companies with skilled English-speaking staff and low costs could not be written off yet. The sector, led by Tata Consultancy Services, Infosys LtdRead More
Bringing some cheers to the individual tax payers, Finance Minister Arun Jaitley halved the income tax rate to 5 per cent for individuals having taxable income between Rs. 2.5-Rs. 5 lakh compared to 10 per cent earlier. Meanwhile, Mr Jaitley increased the tax burden of people having taxable income between Rs. 50 lakh-Rs. 1 crore by imposing an additional surcharge of 10 per cent on the 30 per cent tax amount which was already there to offset the revenue loss to the exchequer. Here are the new tax slabs postRead More
WASHINGTON: The Department of Homeland Security complied with a judge’s orders Saturday and stopped enforcing President Donald Trump’s controversial entry ban, and the fast-moving legal dispute over the president’s powers could land at the nation’s highest court. On Saturday evening, Trump administration lawyers filed a notice to appeal the Seattle federal judge’s decision from Friday night that imposed a temporary, nationwide halt to Trump’s order barring refugees and those from seven majority-Muslim nations from entering the country. While his administration followed the orders of U.S. District Judge James Robart, theRead More

Posted On February 1, 2017By telanganaIn Business, Slider

Indian IT sector warns against U.S. visa bill

India’s IT lobby warned on Tuesday that a bill before the U.S. Congress aimed at imposing tougher visa rules unfairly targets some of its members and will not solve a U.S. labour shortage in technology and engineering. Industry lobby group Nasscom was responding to a bill introduced by Congresswoman Zoe Lofgren, a Democrat from California, that would double the minimum salary required for holders of H-1B visas to $130,000 and determine how many of the visas were allocated, based on factors such as overall wages. India’s $150 billion information technologyRead More