One of India’s biggest associations of companies, the National Association of Software and Services Companies has welcome the government’s move to re-examine its recent moves on taxing India-based operations of foreign companies. There had been signals from the Income Tax department that it will scrutinize the value ascribed by foreign companies to the work done […]
Two founders of NIIT, Rajendra S Pawar and Mr. Vijay K Thadani, have sold a combined stake of 7.4% in NIIT’s technology subsidiary, NIIT Technologies. In a statement released on their behalf, they said the money will be used to fund the expansion of NIIT University (NU). NIIT University, a Not for Profit University, has […]
The government has done away with tax deductions linked to accumulated losses, moving towards an investment-linked tax incentive scheme. In the budget for 2011-12, the government said it is withdrawing the so-called 10-A and 10-B deductions due to rampant misuse by companies. Many companies artificially lower their profits or declare losses to get the benefit […]
Anna Hazare’s broad-based anti-corruption alliance ‘India Against Corruption’ seems all set to form a new political party after Anna’s supporters voted overwhelmingly in favor of the option, according to initial trends. Anna Hazare himself said he was in agreement with the requests of his followers. “I will not be part of any party, but I […]
Google and NIIT joined hands to introduce a training service for young professionals in India. The program named ‘Google Web Academy’ aims to bridge the digital skill gap in the country and help students and professionals capitalize on the emerging job market for the online industry. Under the initiative, NIIT will be Google’s first partner […]
In its first major move after former commerce secretary Rahul Khullar took over as TRAI chief, the regulator has proposed tightening the penalties for mobile operators who flout number portability (MNP) rules and subscribers who send commercial SMSes and calls. It also suggested doing away with the so-called ‘processing fee’ on recharge coupons, thus enabling […]
If 2010-11 was the year of the Indian mobilephone brands, 2011-12 has been the year when they’ve crash landed to reality, according to the latest Voice & Data survey. Barring Karbonn and Lava, all the Indian mobile phone brands such as Micromax and Spice saw drops in their revenues in 2011-12, according to the survey. […]
After many stumbles, the reform of India’s massive food-subsidy system is gathering pace. Starting this month, Kochi in Kerala will be among the select few cities in India where a new public distribution system (PDS) will be tested out. Unlike the current system, the new system will not route the subsidy on food and kerosene […]
Come next year, salaried employees who earn less than Rs 8 to 9 lakhs a year will not have to through the hassle of filing their annual income tax returns. According to the budget for 2011-12, from June 2011, government would change the laws to make it unnecessary for salaried employees to file annual IT […]
Barely two weeks after launching the Android tablet version, Google has launched its Google Plus app for the iPad. The biggest advantage in using the app (and not the mobile website) is ease of use and the possibility of multi-user, free video conferencing. “There’s nothing like catching up with friends face to face. Now you […]
Uninor has launched India’s cheapest talk plan — all calls at 25 paise per minute — in its Mumbai circle. Customers will have to pay Rs 49 per month as monthly rental for the plan through an easy recharge. Earlier Videocon used to have a similar plan. Uninor’s offer is without any monthly limit on […]
WishTel has launched the second version of its tablet, called IRA THING 2. The main upgrades are in the operating system — which is now Android Ice Cream Sandwich, processor (1.5 GHz) and RAM (512 MB). IRA THING 2 also plays full HD (1080p) videos through its HDMI port. Display remains at 7 inches. Resolution […]
In keeping with recent trends, India’s exports dipped again in June, this time by 5.5%. June exports were US $25.07 billion. Thankfully, imports too dipped, faster than exports. Imports were US $ 35.37 billion with a negative growth of (-) 13.46%. Balance of Trade was comfortable at US $ 10.3 billion, compared to $13-14 billion […]
Anna Hazare has made it clear that he will not break his next fast on the basis of assurances, written or otherwise, from the Prime Minister or anyone else. His fast starting next month will end only with the passing of a strong Lokpal bill, or his death, he said. “So many people are dying […]
Inflation continued to remain above 10% in June, led by high food inflation, latest government numbers show. Overall, on an all-India basis, consumer prices were up 10.02% in June, compared to prices in June 2011. Double-digit consumer price inflation is bad news for people with fixed income, such as those on salaries and pensions. Even […]
The following is the second of the three parts of Judge William Alsup’s ruling in Oracle vs Google copyright case. APPLICATION OF CONTROLLING LAW TO CONTROLLING FACTS All agree that everyone was and remains free to program in the Java language itself. All agree that Google was free to use the Java language to write […]
Crisil Research, a unit of credit rating agency CRISIL, has warned that developers are making risky bids in their effort to win solar power contracts in India. The agency pointed out that solar power developers are promising to deliver solar power for as little as Rs 8 per unit. In its opinion, solar tariffs need […]
A week after Lenovo launched India’s first Ultrabooks based on Intel’s latest generation Ivy Bridge processors, HP has followed suit by launching one of India’s cheapest thin and light notebooks. HP has launched Ultrabooks and Sleekbooks based on Intel, and possibly AMD, chips. The Sleekbooks are priced at a starting price of just around Rs […]
The following is the third of the three parts of Judge William Alsup’s ruling in Oracle vs Google copyright case. “In order for at least some of this code to run on Android, Google was required to provide the same java.package.Class.method() command system using the same names with the same “taxonomy” and with the same […]
As expected, Virgin Mobile USA has followed Leap Wireless to offer Apple Inc’s iPhone on prepaid. It said it will offer the iPhone beginning Friday, June 29. Virgin Mobile will offer iPhone 4 and iPhone 4S. iPhone will be available without a contract and with no fees for activation or roaming, it said. The iPhone […]
