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Jet says it aims to turn profitable in next three years

Jet aims to turn profitable in next three years

NEW DELHI: Jet Airways, which suffered a loss of Rs 4,130 crore in 2013-14, today said it aims to turn profitable in the next three years and was planning a major… Read more »

GDP growth to improve this fiscal Jaitley

GDP growth to improve this fiscal: Jaitley

NEW DELHI: India’s economic growth is expected to improve during the current fiscal from 4.7 per cent in 2013-14, helped by a revival in industrial growth, improved fiscal health and… Read more »

No new tax in Delhi Budget; Rs 260 cr power subsidy

No new tax in Delhi Budget; Rs 260 cr power subsidy

NEW DELHI: Proposing no new taxes in the Budget for Delhi, Indian Union Finance Minister Arun Jaitley on Friday announced subsidy of Rs 0.80 to Rs 1.20 per unit to… Read more »

CEO Satya Nadella

Microsoft to reinvent productivity to empower people: Nadella

WASHINGTON: With its “mobile-first, cloud- first world” concept, Microsoft aims to reinvent productivity to empower every person and organization on the planet, company’s CEO Satya Nadella has said. “This is… Read more »

Michael Froman]

WTO rejects India’s challenges on steel import: US

WASHINGTON: The US has claimed that the WTO has rejected most of India’s challenges against American trade remedy laws and determinations regarding imports of certain steel products from India. According… Read more »

Finance Minister Arun Jaitley

More tax concessions when economy improves: Jaitley

NEW DELHI: Indian Finance Minister Arun Jaitley has promised more concessions in income tax when the economy improves. “We do not want a high taxation regime. It was because of… Read more »

air india

17 new international routes for Indian airlines

NEW DELHI: Government has granted traffic rights to Indian airlines on 17 new international routes since last May, including Kolkata-Guangzhou and Delhi-Tehran sectors. Expressing hope that these rights would give… Read more »


LG unveils 18-inch flexible display

SEOUL, South Korea: LG Display Co. has developed an 18-inch flexible display that can be rolled into the shape of a thin cylinder, a step toward making a large display… Read more »


IT rates unchanged; sops to small, marginal assesses

NEW DELHI: The Budget for 2014-15 on Thursday left income tax rates unchanged but provided sops to small and marginal assessees by raising the threshold exemption limit from Rs 2… Read more »

Govt raises foreign

Govt raises foreign investment limit in defense to 49 pc

NEW DELHI: In order to boost manufacturing and reduce import dependence, the government today proposed to raise the foreign investment limit to 49 per cent in the defense sector. While… Read more »

Budget to send

Budget to send positive signal to foreign investors: Lord Paul

LONDON: Welcoming the Indian budget as “pragmatic and sensible”, NRI industrialist Lord Swraj Paul said on Thursday that it would send a positive signal to foreign investors. Paul, founder-Chairman of… Read more »

Rajesh Dhruva

IRS, in friendly gesture, makes disclosure of oversees assets easy

As elaborated earlier US citizens, Green Card Holders, H1B Visa holders and all USA tax residents are required to report global income in their Federal tax return and Federal tax on… Read more »

Indian Institute of Management Ahmedabad

Top taxmen to take lessons from IIM-A, Harvard

AHMEDABAD: Indian Institute of Management Ahmedabad (IIM-A) has tied up with US-based Harvard Business School (HBS) to offer a four-week executive education course for senior officials of India’s Income Tax… Read more »

US enforcements to push up costs for Indian pharma

US enforcements to push up costs for Indian pharma

HYDERABAD: Stricter norms by American drugs regulator USFDA will lead to higher compliance costs for Indian pharma, although these enforcements are not country specific but more on account of “cultural… Read more »

Indra Nooyi

Women cannot have it all: Indra Nooyi

NEW YORK: PepsiCo’s India-born CEO Indra Nooyi, counted among the world’s most powerful women, acknowledged that it is difficult to maintain a work-life balance and women cannot “have it all”,… Read more »

Union Minister for Railways D.V. Sadananda Gowda departs from Rail Bhavan to Parliament House along with the Minister of State for Railways, Manoj Sinha to present the Rail Budget 2014-15, in New Delhi on July 8

No hike in fares, Railways to attract FDI

NEW DELHI: Sparing passengers of any further fare hike, Railway Budget for 2014-15 proposes to attract private domestic and FDI in infrastructure projects and pursuing private-public partnership to boost the… Read more »

PM says Rail Budget futuristic, growth-oriented

PM says Rail Budget futuristic, growth-oriented

NEW DELHI: Hailing the Railway Budget as “futuristic and growth-oriented”, Prime Minister Narendra Modi has said it is for the common people as it aspires for better service, speed and… Read more »

Chinese Vice Foreign Minister Li Baodong

China confident of deal on BRICS bank

BEIJING: Sounding upbeat about the future of BRICS, China has acknowledged differences among member countries over the ratio of funding to the block’s Development Bank but said efforts are under… Read more »

5 states gave proposals for greenfield airports

5 states gave proposals for greenfield airports

NEW DELHI: The governments of Maharashtra, Karnataka, Kerala, Uttar Pradesh and Goa have submitted proposals to develop airports either at their own expense or through public-private partnership (PPP), Lok Sabha… Read more »

India's manufacturing growth beats China's

India’s manufacturing growth beats China’s

NEW DELHI: Manufacturing and services sectors in India expanded at a faster pace than China during June while emerging market output registered the strongest upturn in business activity since March… Read more »