Economy News

US-based Cognizant denies massive IT lay-off allegations in India

Should this bring some peace to IT employees in India or is it a sign to buckle up?

May 25, 2017

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7th Pay Commission: Good news for Central government employees, allowance hike deadline set for June 1

Reports state that the National Council Joint Consultative Machinery met with the Cabinet Secretary to discuss the update on the allowances.

May 25, 2017

After reports of massive layoffs, job portals flooded with resumes seeking IT jobs

While consultancies too have been busy dealing with these resumes, it is mostly the online job portals that seem to be the go-to place for those who have recently been laid off.

May 25, 2017

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Foreign Investment Promotion Board abolished by Modi govt

FIPB offered single window clearance for applications on Foreign Direct Investment (FDI) and is the second institution to be abolished after the Planning Commission (replaced by NITI Aayog).

May 24, 2017

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Moody's downgrades China's credit rating for the first time since 1989, estimates growth rate at 5% for next three years

The ratings agency on Wednesday downgraded China's credit rating to A1 from Aa3 citing concerns about the country's growing debt.

May 24, 2017

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Modi minister Ravi Shankar Prasad plays down employment crisis in IT sector

Amid reports of large-scale layoffs by IT companies in India, minister Ravi Shankar Prasad talks of job creation by the sector and start-ups.

May 23, 2017

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A union for techies to add whole new chapter in India's IT history

The Forum for Information Technology Employees (FITE) is on course to seek registration as the first union for IT employees, says its vice-president Vasumathi.

May 23, 2017

Paytm Payments Bank, launch, offers,cash back

Paytm Payments Bank service goes live in India; all you need to know

The Paytm Payments Bank has set a target to open 31 branches and 3,000 customer service points in its first year of operations and aims to attract 500 million users in three years.

May 23, 2017

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7th Pay Commission: Modi Govt may take a decision on raising allowances for Central govt employees this week

The 7th Central Pay Commission's recommendations on allowances were analysed by the Ashok Lavasa panel that submitted its report last month.

May 22, 2017

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Assocham hails GST as Modi government's biggest achievement in 3 years

In a statement, industry body Assocham says apart from GST, other achievements of the Modi government in three years include push towards digitalisation and financial inclusion.

May 21, 2017

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India Inc reacts to finalisation of GST rates; telecom sector 'disappointed'

Reactions have come from industry groups and industrialists to the finalisation of tax rates by the GST Council.

May 20, 2017

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New GST rates leave service providers worried

The Goods and Services Tax will have rates of 5, 12, 18 and 28 percent for services such as telecoms, insurance and restaurants, and experts feel the four rate bands could complicate compliance and give more power to tax authorities.

May 20, 2017

GST Council exempts healthcare, education from taxes; next meeting on June 3

On the second day of the GST Council meeting headed by finance minister Arun Jaitley, it was decided to exempt education and healthcare from taxes.

May 19, 2017

Cars domestic car sales sale of cars in India

GST a bane or blessing? Small cars to become costlier, SUVs, luxury cars to go cheaper

The GST Council finalised the tax rates of 1,211 items on Thursday, May 18 in four tax slabs — 5, 12, 18 and 28 percent and the cars attract the highest tax rate of 28%.

May 19, 2017

From Bill Gates to Mark Zuckerberg, how the world's richest lost millions thanks to Trump mayhem

In tune with the stock markets shedding gains on Wednesday, some of the world's richest people such as Mark Zuckerberg and Bill Gates reportedly lost big bucks.

May 18, 2017

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Economy News

US-based Cognizant denies massive IT lay-off allegations in India

7th Pay Commission: Good news for Central government employees, allowance hike deadline set for June 1

After reports of massive layoffs, job portals flooded with resumes seeking IT jobs

Foreign Investment Promotion Board abolished by Modi govt

Moody's downgrades China's credit rating for the first time since 1989, estimates growth rate at 5% for next three years

Modi minister Ravi Shankar Prasad plays down employment crisis in IT sector

A union for techies to add whole new chapter in India's IT history

Paytm Payments Bank service goes live in India; all you need to know

7th Pay Commission: Modi Govt may take a decision on raising allowances for Central govt employees this week

Assocham hails GST as Modi government's biggest achievement in 3 years

India Inc reacts to finalisation of GST rates; telecom sector 'disappointed'

New GST rates leave service providers worried

GST Council exempts healthcare, education from taxes; next meeting on June 3

GST a bane or blessing? Small cars to become costlier, SUVs, luxury cars to go cheaper

From Bill Gates to Mark Zuckerberg, how the world's richest lost millions thanks to Trump mayhem

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