HindustanTimes Mon,14 Jul 2014


Hiring sentiment looks up, 5-10 mn jobs may come up in 3-4 years

The Narendra Modi-led government’s maiden budget, which stresses on structural reforms to revive growth and increase employment opportunities, is already improving job market sentiments.

Re-imposing service tax on online ads regressive, says IAMAI

Good to Know ad by Google
Terming a proposal to re-impose service tax on online and mobile advertising as "regressive", industry body IAMAI, which counts Google India and Facebook among its members, has said that the move may lead to cost escalation and hamper growth of the fledgling industry.

Etihad to expand ops in India with daily flights to Kolkata

Etihad Airways, UAE's flag carrier, has announced expansion of its first flight operations to northeast India with the launch of a daily service between Abu Dhabi and Kolkata.

LIC hikes stake in Infosys; buys shares worth Rs. 1,100cr

State-owned life insurer LIC has shored up its stake in Infosys to 3.82%, purchasing shares worth about Rs. 1,100 crore in the April-June quarter.

Retro tax amendment: CBDT to notify new committee this week

income tax
CBDT is expected to notify later this week the constitution and terms of reference of a high- level committee which will scrutinise all Income Tax cases emerging out of the retrospective amendment of the Act.

IIP signals economy on revival path, budget to help: India Inc

Arun Jaitley
India Inc on Saturday said the sharp rise in industrial output in May is a sign the economy is on the road to recovery and expects the rebound to sustain on the back of policy measures unveiled in the maiden budget of the Narendra Modi-led government.

Introducing GAAR on NDA government’s radar

income tax

The confusion over GAAR surfaced once again after the government in a response to a question raised in Parliament on Friday said that GAAR will be implemented at the start of the next financial year.

GST enters final leg; may stretch to 2016-17

income tax
One of India’s biggest tax reform initiatives, goods and services tax, has entered the final leg with most the contentious issues expected to be ironed out this year, but experts said its implementation schedule may still be pushed to the 2016-17.

L&T set to bag deal to build statue of unity

Sardar Vallabhbhai Patel
Bids for the project were opened on Friday and sources told HT that L&T emerged as the lowest bidder with a cost of Rs. 2,980 crore. The statue would be the tallest in the world and almost double the size of the Statue of Liberty in the US.

Tatas’ JLR developing ‘self-learning intelligent’ car

Jaguar XK to move further upmarket

Tata group’s flagship Jaguar Land Rover is developing cars that will offer a completely personalised driving experience and help prevent accidents by reducing driver distraction.

Maruti enhances market share in Q1, crosses 42%

Maruti Suzuki India
Riding on the strategy of focusing on first time buyers and rural markets, country's largest carmaker Maruti Suzuki India (MSI) has increased its market share in passenger vehicle segment in the first quarter of the current fiscal to 42%.

Environmentalists not impressed with budget

Arun Jaitley
Modi government's budget shows no real commitment towards the environment and is not transformational because it appears to favour corporates over people, environmentalists said on Friday.

Gold extends gains on global cues; silver end steady

Continuing its rising streak for the fourth consecutive day, gold prices gained another Rs. 50 to trade at Rs. 28,730 per ten gram in the national capital on Saturday, taking positive cues from overseas markets amid persistent buying by stockists.

Doubling of tax on debt mutual funds to hit retirees

mutual fund
On Thursday, finance minister Arun Jaitley gave investors and the mutual fund industry a jolt by increasing the long-term capital gains tax on debt mutual funds to 20% from 10%. The definition of long-term has also been changed to 36 months for non-equity MFs from 12 months.

UPA regime responsible for Nokia plant troubles: TN Govt

mutual fund
Tamil Nadu Government on Friday blamed previous UPA regime for the troubles faced by Nokia's Chennai plant which was kept out of Microsoft acquisition pact in the wake of Rs. 21,000 crore tax dues raised by the I-T Department.

Modi leads team to BRICS summit

PM Narendra Modi
Business leaders are hoping that Prime Minister Narendra Modi’s presence in the BRICS summit in Brazil on July 14 and 15 will help boost India’s business opportunities in the other four countries.
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