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Fin Min detects over Rs 1800 cr excise duty evasion in 2013-14

Fin Min detects over Rs 1800 cr excise duty evasion in 2013-14

NEW DELHI: Increased efforts in checking revenue leakage have resulted in detection of over Rs 1,800 crore central excise duty evasion across the country during 2013-14. As many as 379… Read more »

CAG can audit accounts of telecom firm

CAG can audit accounts of telecom firms: SC

NEW DELHI: The Supreme Court today held that the Comptroller and Auditor General of India (CAG) can audit the account books of private telecom companies which share revenue with the… Read more »


US companies commit investment in India after polls

WASHINGTON: Expressing faith in India’s growth story, several US companies have committed themselves to increasing investment after the ongoing general elections in the country. “USIBC reaffirmed US companies’ commitment to… Read more »


India leads global remittances with $70 bn

WASHINGTON: India lead global remittances in the year 2013 with a whopping USD 70 billion in its kitty, of which USD 65 billion were earned from the country’s flagship software… Read more »


India calls for data sharing on taxation

WASHINGTON: India has called for data sharing on taxation and blamed the industrialized and developed world for their reluctance on parting with this information. “Although it (taxation) is not on… Read more »


India still behind China in IP generation: Cisco

LAS VEGAS: Even as start-ups have mushroomed in India over the last few months, the country is yet to reach the scale of intellectual property (IP) generation being seen in… Read more »


Twitter buys Android lock-screen startup Cover

SAN FRANCISCO: A young startup specializing in Android smartphone lock screens that anticipate what “app” a user might want at any give moment says it has been bought by Twitter…. Read more »


Tiny power generator runs on human saliva

WASHINGTON: Researchers have developed a tiny new generator powered by human saliva, which can generate sufficient energy to power key microelectronics. Saliva-powered micro-sized microbial fuel cells can produce minute amounts… Read more »


Indians rank 3 in getting best value hotel rooms

MUMBAI: Indian travelers are among the top three in getting best value hotel room rates domestically in 2013, at Rs 5,254 a night, according to the latest Hotel Price Index… Read more »

Switzerland not sharing info on bank accounts of Indians

Switzerland not sharing info on bank accounts of Indians: FM

NEW DELHI: Upping the ante against Switzerland for not sharing information on Indians stashing money in its banks, India’s Finance Minister P Chidambaram has threatened to drag the European nation… Read more »


District of Columbia extends IT contract with Infosys

NEW DELHI: Infosys has said that the District of Columbia in the US has extended its IT contract to implement the next phase of health insurance and Medicaid modernization program…. Read more »


Singapore University honors Ratan Tata

SINGAPORE: India’s leading industrialist Ratan Tata has been conferred with an honorary degree of Doctor of Business by a Singaporean university for his achievements as a visionary entrepreneur and a… Read more »


Indian arms imports three times than China, Pak

NEW DELHI: India’s import of weapon systems is three times higher than Pakistan and China as it continues to be the largest buyer of arms in the world, a Swedish… Read more »


SC dismisses Nokia plea to sell Indian assets

NEW DELHI: Nokia suffered a jolt when the Supreme Court refused to lift the restraint on sale of its Indian assets, including the Chennai plant, as part of the handset… Read more »


BlackBerry sells US headquarters to Property Group

NEW DELHI: Faced with mounting losses and unsold inventory, struggling smartphone maker BlackBerry has sold its US office in Texas to Brookfield Property Group as it seeks to rationalize costs…. Read more »


Reliance Life eyes Rs 1,800 cr new business

NEW DELHI: Leading private insurer Reliance Life Insurance is targeting Rs 1,800 crore total new business premium in the current financial year, ending this month, and expects to continue a… Read more »


Ludhiana, Kanpur among world’s top most polluted

PARIS: Paris has leapt into the headlines over an alert for dangerous atmospheric particles, yet it does not ordinarily count among the world’s most polluted cities that include Ludhiana and… Read more »

Kudankulam Nuclear Power

India, France agree on cost of nuclear power from Jaitapur

NEW DELHI: After three years of hectic negotiations, India and France have agreed on the cost of power that will be generated by Jaitapur Nuclear Power Plant (JNPP), clearing a… Read more »


Seven women in Fortune India’s under 40 list

NEW DELHI: Seven women have made it to the Fortune India’s first ’40 Under 40′ compilation that lists individuals who have managed to grow an idea into a profitable business…. Read more »


Larsen & Toubro wins Rs 2,935 cr orders

NEW DELHI: Infrastructure major Larsen & Toubro has said it has won orders worth Rs 2,935 crore across various business segments in February and March. “In the transportation and infrastructure… Read more »