Anticipating a more protectionist US technology visa programme under a Donald Trump administration, India’s $150 billion IT services sector will speed up acquisitions in the United States and recruit more heavily from college campuses there. Companies including Tata Consultancy Services (TCS), Infosys and Wipro have long used H1-B skilled worker visas to fly computer engineers to the US, their largest overseas market, temporarily to service clients. Staff from those three […]

In a country which is predominantly cash based and where the physical currency comprises of nearly 11% of the country’s GDP, the Govt’s demonetisation has ushered in a new wave of electronic transaction. Choosing between standing in long queues and getting their daily needs addressed electronically, many hithertho strong believers in cash also are resorting to cashless transaction. It is therefore needless to add that the payment industry has received […]

 The government may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against black money, a report said on Friday. However, a finance ministry spokesman declined to comment on the report. Gold premiums in India jumped to two-year highs last week as jewellers ramped up purchases on fears the government might restrict imports after withdrawing higher-denomination notes from circulation in its fight against black […]

You don’t have to over-utilize i-Pads and smartphones to transform your business into a modern one. Connecting with newer generations is easy when you take advantage of the cool, in-demand ideas at your fingertips. Here are 10 new-age business ideas to get you started. 1. Tiny houses Sometimes a 10,000 square foot mansion doesn’t constitute a dream home. Plenty of college students and graduates seek tiny houses on wheels instead. […]

Almost every discussion on the social/virtual or actual meet-ups and get together is about the demonetisation of Rs 500 and Rs 1000 notes. I hear many passionate outbursts about the fact that this sudden cash crunch will be terrible for the economy and would lead to severe slowdown and on the other hand there are some who seem absolutely convinced that this move could surely herald a new phase in […]

CBI and ED in 2012 had attached assets worth over Rs 50 crore to Rs 70 crore, including expensive cars, helicopters and immovable assets A replica of a palace right in the middle of Bengaluru, a lavish event spread over five days and bride’s trousseau worth crores; former BJP minister and mining baron Janardhana Reddy has done all he can to make sure his daughter’s wedding was in the headlines. […]

On Tuesday night, in an unusual broadcast to the nation, Indian Prime Minister Narendra Modi scrapped 1,000 and 500 rupee notes in a bid to flush out tax evaders. The banknotes that were declared illegal tender represent more than 86% of cash in circulation in India. Economic analyst Vivek Kaul explains the fight against tax evasion. The notes which have been withdrawn can be deposited in banks as well as […]

1) From midnight, the Rs 500 and Rs 1000 will cease to be legal tender. 2) The 500 and 1000 Rs notes can be submitted to the post offices and banks from 10th November to 30th December. 3) Those who can’t sumbit the notes within the deadline, can exchange it at Reserve Bank of India by providing a declaration. 4) On November 9 and in some places November 10, ATMs […]

“This is just the beginning… we are building the most customer-centric company based on a large selection, low prices and fast delivery,” says Amit Agarwal, head of Amazon India. He sounds rehearsed. His wife, too, thinks so. Agarwal talks like Jeff Bezos. He has spent 18 years in Amazon, and was one of the eight technical advisors, popularly called “shadows”, to CEO and founder Bezos. But what sounded dissimilar was […]

Kolhapur may have lent its name to the famous chappal, but the industry has taken a hit with the rise of cow vigilantes. In a small room in Chappal Gali in Kolhapur, five men are seated on the floor, stitching and designing the traditional handcrafted slippers that are named after the town they are manufactured in. One of them fixes the strap on the slipper, another draws the pattern of […]