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.
India's second largest software exporter Infosys has beaten estimates to report a 13.3% rise in net revenue at Rs. 12,770 crore and 21.6% rise in net profit at Rs. 2,886 crore for the first quarter of 2014-15 on year-on-year basis.
UP assembly adjourned after opposition's protests