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business
Apple CEO Tim Cook's Salary Cut By 15% as annual sales declines

Apple CEO Tim Cook's Salary Cut By 15% as annual sales declines

  • January 09 2017

iPhone maker Apple has cut its CEO Tim Cook's salary by a whopping 15% for 2016 as annual sales declined for the year, missing targets that also led to the tech giant's first annual revenue decline i [...]

business
H-1B Visa Changes : HCL, Infosys, TCS, Wipro, Tech Mahindra Lose 22,000 Crores in Market Value

H-1B Visa Changes : HCL, Infosys, TCS, Wipro, Tech Mahindra Lose 22,000 Crores in Market Value

  • January 07 2017

Shares of information technology companies such as HCL Technologies, Infosys, Wipro, TCS, Tech Mahindra, Mindtree, Persistent Systems and Mphasis came under heavy selling pressure today after a bill b [...]

business
Month Before Union Budget, Arun Jaitley Hints at Low Tax Rates

Month Before Union Budget, Arun Jaitley Hints at Low Tax Rates

  • December 27 2016

New Delhi: India has been guided by the principle that a lower level of taxation is the key to building a globally competitive economy in the past two and a half decades since liberalisation, said Fin [...]

business
For the first time ever Indian Economy overtakes Britain as the 6th largest in the world

For the first time ever Indian Economy overtakes Britain as the 6th largest in the world

  • December 21 2016

India's economy has reportedly overtaken the United Kingdom's for the first time in over 100 years, now standing as the world's sixth largest economy by GDP after the United States, China, Japan, Germ [...]

business
New Income Tax Slab Likely To Increase From 2.5 Lakh to 4 Lakh Per Annum

New Income Tax Slab Likely To Increase From 2.5 Lakh to 4 Lakh Per Annum

  • December 20 2016

The finance ministry on Tuesday had told that the income tax slab is likely to be increased from 2.5 lakhs to 4 lakhs per annum. Current Income Tax Slab Proposed Income Tax Slab 0-2.5 Lakh - No Ta [...]

business
Trade Deficit Widens as Imports jump 10.4%, Outpacing the 2.29% Exports

Trade Deficit Widens as Imports jump 10.4%, Outpacing the 2.29% Exports

  • December 16 2016

The country's export rose for the third straight month in November, recording a positive growth of 2.29 percent year-on-year to $20 billion. Though the goods imports grew at a faster pace of 10.4 perc [...]

business
Baba Ramdev Fined Rs.11 lakh for misleading advertisements on Patanjali Ayurveda Products

Baba Ramdev Fined Rs.11 lakh for misleading advertisements on Patanjali Ayurveda Products

  • December 15 2016

Baba Ramdev promoted Patanjali Ayurveda's five production units will have to cough up a fine worth Rs. 11 lakh for "misbranding and putting up misleading advertisements [...]

business
Oil Prices Set to Increase Worldwide as Russia Joins OPECs Oil Production Cut

Oil Prices Set to Increase Worldwide as Russia Joins OPECs Oil Production Cut

  • December 13 2016

Crude oil prices jumped at the Asian open on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and non-member producers agreed on a deal at the weekend to cut output to ease [...]

business
VVIP Chopper Scam : Cyrus Mistry Alleges Involvement of Tata's Director Vijay Singh in the Scam

VVIP Chopper Scam : Cyrus Mistry Alleges Involvement of Tata's Director Vijay Singh in the Scam

  • December 12 2016

Mumbai:  Ousted Tata Group chairman Cyrus Mistry has created a stir in his battle with the Tatas after he linked one of its directors - Vijay Singh - to the VVIP choppe [...]

business
No Service Tax For Payments Upto Rs.2000 Using Credit or Debit Cards

No Service Tax For Payments Upto Rs.2000 Using Credit or Debit Cards

  • December 08 2016

Govt. waives of the service tax for the payment upto Rs.2000/- using the debit and credit cards. Currently, there is a 15% tax on these transactions. The initiative is [...]