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Investment Opportunities for Buyers in the Delhi NCR

Investment in India is at an all-time high due to the depreciating rupee. In the last five years, investors have actively started investing in second-tier cities in and around large metropolitan areas. One of the most popular areas for investment has turned out to be the Delhi NCR region. The Delhi NCR, or the Delhi […]

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TCS No 1 employer in Europe: report

According to a release by IT major Tata Consultancy Services (TCS);  it has been named as the top employer in Europe for the second consecutive year by the Top Employers Institute. The company was recognized as an exceptional performer across six core human resources areas primary conditions, secondary benefits, working conditions, training, career development and […]

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Micromax eyes income of $1 billion in FY14

Homegrown handset maker Micromax expects to hit $1 billion,  by growing sales of its affordable and entry-level smartphones,  which is equivalent to over Rs. 6,100 crore, in revenues in the ongoing fiscal year that ends on March 31. The New Delhi-headquartered company’s revenues were Rs. 3,168 crore for the previous financial year (2012-13). Micromax, which is the second largest […]

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16th lok sabha election to cost around Rs. 30,000 crore

A whopping Rs 30,000 crore is likely to be spent by the government, political parties and candidates in the upcoming Lok Sabha elections, making it by far the most expensive electoral exercise in Indian history. The projected expenditure to elect the 16th Lok Sabha is set to rival the USD seven billion (approximately Rs 42,000 […]

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India Inc investment up $29.3-billion in overseas market

Outward foreign direct investment (FDI) from India, which was on a slippery road during the past two fiscal years, has seen some signs of recovery in the ongoing fiscal year with the total deal value touching $29.34 billion so far, according to a report by Care Ratings. “The period between FY07 and FY11 has been […]

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Foreign companies show interest in Indian power sector

There has been an increased interest in projects in the Indian power sector with international companies acquiring stakes in power projects in the country. In some instances promoters have sold assets with a view to servicing their loan obligations. The sale of two hydro power projects by the Jaypee Group is a case in point. […]

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Indian entertainment industry to be of $ 100 billion in next ten year

India is the world’s largest producer of films and Bollywood, or the Mumbai-based movie industry, turned 100 last year in 2013, and it had much to celebrate. The year 2013 has been a record-breaking one for Bollywood at the box-office, with three films grossing over 200 crore rupees and five films entering the 100-crore rupee […]

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New standard for tracking black money

Global economic body Organisation for Economic Cooperation and Development (OECD) today unveiled a new mechanism to combat the menace of offshore tax evasion, a protocol to which India is a signatory. “The OECD will formally present the standard for the endorsement of G20 finance ministers during a February 22-23 meeting in Sydney in Australia,” the […]

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An Alternative to Craigslist

Craigslist.com  is a popular portal among US consumers for buying/selling almost everything. It’s highly popular and many thousands of  free ads posted everywhere and viewed by millions of people all over the world. This website is very simple to use. I have always wondered about why people in developing nations like India don’t have such […]

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Pay more if you have poor credit history

These days people are dependent on credit for a variety of reasons. Availing of loans actually smoothens cash flow during hard times. Hence, it is essential to know what your credit score is, how it is computed, the importance and, of course, ways and means to acquire and maintain good a credit rating. Credit rating […]

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Unclaimed fund will be use for the education of depositors: RBI

The apex Indian bank, Reserve Bank (RBI) proposed that unclaimed bank deposits, which is estimated to be over Rs 3,500 crore, be utilised for education and awareness of depositors. As per the proposal, the banking sector deposits which have not been claimed for 10 years or more will be transferred to ‘Depositor Education and Awareness […]

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Deposit currency notes printed prior to 2005 in banks : RBI

The Reserve Bank has decided to withdraw all currency notes issued prior to 2005, including Rs. 500 and Rs. 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies. “After March 31, 2014, it (RBI) will completely withdraw from circulation all bank notes issued prior to 2005. From April 1, 2014, the […]

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Loop Mobile likely to be sold to Bharti Airtel: report

Bharti Airtel, India’s largest telecom firm, is in talks to buy out Mumbai-based Loop Mobile in a deal that will give the telecom major about 3 million customers, according to sources. Loop, which owns a mobile telephony licence for the Mumbai circle, is in negotiations with Airtel and other telecom firms to sell its business […]

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Tax benefits under Section 10, go for it

The Income Tax Act provides multiple tax exemptions to every individual. A lot of such exemptions fall under section 10 of the Income Tax Act.   Gratuity Gratuity amount received by a government employee is totally exempt from tax. For others covered under payment of gratuity act, it is exempt to the least of the […]

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Indian Employees are optimistic yet caution while hiring: Report

Online hiring activity in India registered a 5.46 per cent growth in December, 2013 compared with the previous month. Monster.com’s employment index, a monthly gauge of the country’s online job demand, rose by 7 points (5.46 per cent) to 135 in December, from 128 in November, 2013. On a year-on-year basis, however, the index has […]

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