Salary Credit To Nre A/C Not Taxable
Indian employees working overseas often face litigation over taxation of their overseas salary income, if such salary is received in India. This is because a non-resident can be subjected to tax in India on that portion of the income which is received in India. The Income Tax Appellate Tribunal (ITAT) which adjudicates such tax matters, […]
Uday Kotak Named Ey's Entrepreneur Of The Year 2013
Uday Kotak, Executive VC and MD of Kotak Mahindra Bank, who had created the leading financial conglomerate in two decades, has been named the EY Entrepreneur of the Year 2013. He will now go on to represent India at the EY world Entrepreneur of the Year Award in Monte Carlo in June. The EY Lifetime […]
Hindujas Look To Mauritius
The Hindujas, of the multi-billion-dollar Hinduja Group, well-known for making trucks and running a bank in India, are also spreading their wings, and venturing into real estate. The Group’s six-year-old real estate arm Hinduja Reality Ventures seems to have got a shot in the arm with Mauritius-based Rabna Holdings joining hands with them as an […]
Kalyan Jewellers Expansion In India, Uae
With a VIEW TO EXPAND ITS BASE IN India and abroad, Kalyan Jewellers, the single largest directly-owned jewellery retail chain in the country, is targeting a turnover of INR 15,000 Crore by the end of FY 2014-15. The future growth of the company will be driven by the launch of about 40 outlets over the […]
BMW To Mass Produce Car Made From Carbon Fibre
Bayerische Motoren Werke’s (BMW) bid to save its cars from potential extinction starts with hundreds of thousands of fine white strands snaking upwards in a production hall in rural Washington. Looped through an almost mile-long course, what looks like the world’s thinnest rice noodles will be stretched, toasted and eventually scorched black to create carbon […]
Lenovo Launches Yoga Tablet
Aiming at a higher market share, leading personal computer maker Lenovo has launched its new Yoga Tablet priced between Rs 22,999 to Rs 28,999, for the 20.3 cm and 25.4 cm models, respectively, a company officials said. The Tab has been ergonomically designed to provide a longer and more comfortable Tablet viewing experience. “Increasing market […]
Dubai Is A New Hub For India's Super-Rich
Dubai has now emerged as a favourite residential destination for India’s super rich. 9% of the 141 persons, each with over US$ 300 million (INR 1,890 Crore) in assets, now reside in the Gulf emirate, up from just one person last year, according to the China-based Hurun India Rich List 2013. The Dubai-based Indian millionaires […]
Ratan Tata Ia Sachin Tendulkar Of Corporate India, Says P Chidambaram
Praising industrialist Ratan Tata, Finance Minister P Chidambaram has described him as the Sachin Tendulkar of corporate India. With a large gathering of corporate leaders in attendance at the function in Mumbai even as the master blaster played his last test match at the nearby Wankhede Stadium, the Finance Minister said, “Ratan (Tata) is as […]
Volvo India To Speed Up Deliveries
Luxury carmaker Volvo Auto India has begun deliveries of the next generation S60 sedan and XC60 sports utility vehicle in Hyderabad in November. The Indian unit of the Sweden-based automobile giant hopes to bring down the waiting period for the V40 Cross Country car launched earlier this year as well. Tomas Ernberg, Managing Director, said: […]
Azim Premji Tops Indian Philanthropists List
Wipro chief and IT tycoon Azim Premji tops the list of Indian philanthropists, with donations amounting to INR 8,000 Crore in the past year, followed by HCL chairman Shiv Nadar, according to China-based Hurun Report Inc’s India Philanthropy List 2013. The study ranked 31 Indians who donated more than INR 10 Crore cash or cash […]
British PM David Cameron Meets Manmohan Singh
UK Premier David Cameron met his Indian counterpart Dr. Manmohan Singh during his visit to Delhi ahead of the Commonwealth summit in Sri Lanka. Cameron tweeted that the two leaders had made “extraordinary progress” on trade and investment since his first visit in 2010. It is the prime minister’s third visit to the country since […]
Obama Says Thanks To Lakshmi Mittal
US President Barack Obama has thanked London-based Indian steel tycoon Lakshmi Mittal for investing in America and creating jobs in the country. “I want to thank your CEO, Lakshmi Mittal, for investing in America and in the Cleveland area,” Obama said during his visit to the ArcelorMittal Cleveland Steel Factory in Cleveland, Ohio. This year […]
Modi Run, Aap Run And Angry Indians Apps On Android
As political temperature soars ahead of key state elections and the big battle in 2014, partisanship has gripped the virtual world, which now offers loyalists numerous apps and games to indulge their frustration, support or appetite for information. Android has come up with an app on Modi in which that offers game play similar to […]
Nissan Launches 7-Seater Multi Utility Evalia
Nissan India has announced a host of enhancements in its 7-seater multi utility vehicle (MUV) Evalia based on customer feedback. The changes come as part of Nissan’s customer centric approach and the brand’s endeavour to improve its products by incorporating customer inputs. The Evalia’s update comes within a year of its launch.The major changes come […]
Mumbai Soon To Get India's First Monorail Service
India’s first monorail service will be launched in Mumbai in a matter of days. The mass transport system consists of several air-conditioned rakes that run on an elevated corridor ferrying passengers between Chembur and Wadala. When the two phases are complete, the Mumbai mono-rail will be the world’s second longest Mono Rail corridor in the […]
Twitter Likely To Go Public By Mid November
Online social networking and microblogging service Twitter may soon is likely to hit the US stock market on November 15, claims a research report. Twitter has disclosed plans to raise up to $1 billion from its proposed initial public offer (IPO) in its initial registration form (S-1) with the US Securities and Exchange Commission (SEC). […]
Airtel, Voda, Idea Hike Data Rates
Major telecom companies Airtel,Idea Cellular and Vodafone have halved the amount of data downloads on 2G networks under certain tariff plans,pushing up the cost of using mobile Internet services.Customers will,for instance, have to pay about 25% extra to download 1 GB data. All the three companies,which dominate India’s mobile services market with about 53% share, […]
Samsung More Appealing Than Apple For Indians
According to a recent survey,Samsung mobiles topped the list nationally,and apple was ranked at number 19 in the Indian market.Indian consumers pushed Apple it 18 notches below Samsung mobiles in a listing of India’s most attractive brands for 2013 unveiled today by Trust Research Advisory. Over 2,500 consumer-influencers across 16 cities were interviewed for the […]