Facebook to now start paying tax locally

Wed, 12/13/2017 - 12:50

San Francisco, Dec 13 (IANS) With political pressure mounting on digital giants to pay more taxes, Facebook has announced plans to move to a local selling structure in countries where it has an office -- a move aimed at paying tax in the country where profits are earned.


TRAI's in-flight connectivity norms by year-end

Wed, 12/13/2017 - 12:22

New Delhi, Dec 13 (IANS) The Telecom Regulatory Authority of India (TRAI) will come out with its much-awaited recommendations for in-flight connectivity by December-end.


Markets open in red on Wednesday

Wed, 12/13/2017 - 09:34

Mumbai, Dec 13 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.


PepsiCo to use Tesla electric trucks to cut emission

Wed, 12/13/2017 - 08:34

New York, Dec 13 (IANS) PepsiCo, parent company of Pepsi and Lay's potato chips, has said it has preordered 100 electric Semi trucks newly-unveiled by US automaker Tesla to cut gasoline consumption.


US stocks end mixed as Fed meeting begins

Wed, 12/13/2017 - 07:26

New York, Dec 13 (IANS) US stocks closed mixed with both the Dow and the S&P 500 refreshing closing records, as the Federal Reserve kicked off its two-day policy meeting.


US dollar climbs as Fed meeting begins

Wed, 12/13/2017 - 05:40

New York, Dec 13 (IANS) The US dollar rose against most major currencies as the Federal Reserve kicked off its two-day policy meeting.


India expects $12-13 bn infra investment: Official

Wed, 12/13/2017 - 00:04

New Delhi, Dec 13 India expects investment of up to $13 billion in infrastructure through the National Investment and Infrastructure Fund (NIIF), even as the government seeks to monetise older assets built through public money for undertaking new projects, a senior official said on Tuesday.


Infosys to offer back-office service on Tradeshift platform

Tue, 12/12/2017 - 23:06

Bengaluru, Dec 12 (IANS) Software major Infosys' back office arm on Tuesday said it would offer business process management expertise in finance, accounting and procurement domains on Tradeshift's cloud-based platform.


Upgraded Hubballi airport opened in Karnataka

Tue, 12/12/2017 - 23:00

Hubballi (Karnataka), Dec 12 (IANS) Civil Aviation Minister P. Ashok Gajapathi Raju on Tuesday unveiled the upgraded airport in Karnataka's second-largest city to enhance connectivity from the region to other parts of the state and the country.


November inflation up at 4.88%, factory output growth dips (Roundup)

Tue, 12/12/2017 - 21:46

New Delhi, Dec 12 (IANS) A sharp spurt in food and fuel prices pushed India's annual retail inflation in November over the RBI's median level of 4 per cent, even as factory output growth in October contracted to 2.2 per cent, official data showed on Tuesday, even as industry called for "remedial" measures to help revive demand.


India Inc. downcast with inflation, industrial data

Tue, 12/12/2017 - 21:38

New Delhi, Dec 12 (IANS) India Inc. on Tuesday expressed concern over a sharp rise in India's annual retail inflation in November, even as factory output growth in October contracted.