Business

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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