Economy News

layoffs, layoffs at it companies, it hiring, it recruitment, layoffs at wipro, layoffs at infosys, layoffs at capgemini, layoffs at cognizant, it stocks, tcs share price, h-1 b visa controversy

Karnataka sees slowdown in IT hiring amid reports of layoffs

Priyank Kharge, Karnataka's IT minister, said that hiring by IT companies stood at 52,500 in 2016-17, down from 61,500 two years ago.

Jun 20, 2017

income tax, demonetisation, cash deposits in banks, rs 2.5 lakh, cbdt chief, black money, pm modi, india news

With more currency and no digital shift, demonetisation is a failure

Demonetisation via strategic devaluation of selected currency denominations rolled out last November has not resulted in a quantum shift to digital mode.

Jun 20, 2017

Safe assets: Digging new foundations in the small towns

Retail and warehousing are being driven by availability of large tracts of land on highways outside the metros, the steadily improving infrastructure and possibility of higher yields.

Jun 19, 2017

tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

List of India's top 12 defaulters who owe a mind-boggling amount to banks

The RBI's list of top 12 defaulters comprise Lanco Infratech, Bhushan Steel, Alok Industries, Monnet Ispat, Essar Steel, Era Infra, ABG Shipyard, Jaypee Infratech, Amtek Auto, Electrosteel and Jyoti Structures.

Jun 19, 2017

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7th Pay Commission: Central govt employees can hope for good news on allowances; Air India privatisation gains momentum

There is a possibility of the Union Cabinet taking a decision on raising allowances for Central government staff as recommended by the 7th Pay Commission.

Jun 19, 2017

GST Council allows late filing in first two months of tax regime launch

Companies need to file a complete return of their sales invoices by the 10th of the following month, with a second by the 15th, and a third return to calculate their tax bill.

Jun 18, 2017

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

The 12 accounts were identified by the IAC after studying the top 500 ones in the banking system for defaulter urgency and insolvency potential.

Jun 18, 2017

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India unveils blueprint for $1 trillion digital economy

The plan to achieve $1 trillion in digital and IT by 2022 also envisages India to become a global hub of low-cost digital technology.

Jun 17, 2017

gst, gst logistics, logistics companies in india

Taxing with parity: India all set for GST, says top Finance Ministry official

GST will require firms to file at least three online tax returns monthly into the GST Network, which will process up to 5 billion invoices a month.

Jun 17, 2017

, rbi, rbi list of 12 defaulters, rbi deputy governor viral acharya, bhushan steel, essar steel, lanco infra, alok industries, NPA ordinance, crackdown on bad loans

RBI's decision against loan defaulters reveals rot that set in during UPA regime

RBI deputy governor Dr Viral Acharya had, in February this year, made interesting comments on bad loans that are now part of 12 big defaulters.

Jun 17, 2017

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IT spend by Indian banks to grow 8.6% in 2017

IT services will grow the fastest at 13.8 percent in 2017 followed by software at 13.4 percent.

Jun 16, 2017

Pre-GST bonanza, car discounts, cars offers, Car offers

Pre-GST bonanza: Cars, bikes up for a steal; check out complete list of discounts and offers

Maruti Suzuki, Hyundai, Mahindra, Honda, Nissan and Ford India have also joined the bandwagon with lucrative offers.

Jun 16, 2017

gst, gst nsdl, gst thomson reuters, nsdl e governance, gst nsdl services

NSDL, Thomson Reuters sign agreement to offer joint solutions for GST

The two entities will offer integrated Goods and Services Tax (GST) proposition for large and mid-sized corporations in India.

Jun 16, 2017

india, external trade, merchandise trade, india exports, imports, trade deficit, gold imports, engg imports, fiscal deficit, nirmala

Aadhaar mandatory for opening bank accounts; existing account-holders have time till December 31

Aadhaar becomes mandatory for opening bank accounts and financial transactions above Rs 50,000 from June 1; existing bank account holders have to get Aadhaar by December 31 this year, else their accounts will become invalid.

Jun 16, 2017

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Cab wars: Ola, Uber head down the long, bumpy road

App-based aggregators Ola and Uber have only themselves to blame for the current mess roiling the industry

Jun 15, 2017

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Economy News

Karnataka sees slowdown in IT hiring amid reports of layoffs

With more currency and no digital shift, demonetisation is a failure

Safe assets: Digging new foundations in the small towns

List of India's top 12 defaulters who owe a mind-boggling amount to banks

7th Pay Commission: Central govt employees can hope for good news on allowances; Air India privatisation gains momentum

GST Council allows late filing in first two months of tax regime launch

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

India unveils blueprint for $1 trillion digital economy

Taxing with parity: India all set for GST, says top Finance Ministry official

RBI's decision against loan defaulters reveals rot that set in during UPA regime

IT spend by Indian banks to grow 8.6% in 2017

Pre-GST bonanza: Cars, bikes up for a steal; check out complete list of discounts and offers

NSDL, Thomson Reuters sign agreement to offer joint solutions for GST

Aadhaar mandatory for opening bank accounts; existing account-holders have time till December 31

Cab wars: Ola, Uber head down the long, bumpy road

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react