TCS to set up centre on intelligent systems at IIIT Hyderabad

Last Updated: Thursday, July 23, 2015, 19:30

Software major Tata Consultancy Services (TCS) Thursday said it is establishing a FC Kohli Centre on Intelligent Systems (KCIS) at International Institute of Information Technology, Hyderabad, with an investment of Rs 20 crore.

Qualcomm preparing to layoff as many as several thousand employees: Tech website

Last Updated: Tuesday, July 21, 2015, 03:32

Qualcomm Inc is preparing to layoff as many as several thousand employees, tech website The Information reported on Monday.

I-T warns of action against those disclosing secret tax info

Last Updated: Sunday, July 19, 2015, 12:50

The Central Board of Direct Taxes (CBDT) said the confidentiality of taxpayers' information has assumed a greater significance in view of "increased availability of information" regarding offshore tax evasion, tax avoidance and stashing of unaccounted money abroad.

RBI tightens norms for credit card billing

Last Updated: Thursday, July 16, 2015, 21:59

The Reserve Bank on Thursday asked banks to levy any late payment penalty on credit card customers, or report them to credit information companies, only if the payment has been due for more than three days.

FM auctions: I&B rejects applications of 5 Sun TV group firms

Last Updated: Wednesday, July 15, 2015, 21:58

Officials said that an Application Review Committee, which yesterday met, has rejected the applications of the companies belonging to the Sun TV group, which had failed to get a security clearance from the Ministry of Home Affairs.

Black money: Declare overseas assets, will be difficult to hide, says govt

Last Updated: Thursday, July 9, 2015, 23:53

Armed with automatic information exchange pact with the US, government Thursday asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future.

India, US sign FATCA to fight tax evasion

Last Updated: Thursday, July 9, 2015, 17:21

To check offshore tax evasion, India and the US on Thursday signed an agreement to implement FATCA that will facilitate exchange of information between the two countries from October 1.

India, US to sign tax pact Thursday: Sources

Last Updated: Wednesday, July 8, 2015, 19:29

India and the United States will sign a tax information sharing agreement on Thursday, under a new U.S. law meant to combat offshore tax dodging by Americans, two Indian government sources and a source at the U.S. embassy said.

CCI rejects complaint against Standard Chartered Bank

Last Updated: Thursday, June 25, 2015, 22:13

The Competition Commission has rejected allegations of unfair business practices made against Standard Chartered Bank with respect to credit cards and loan facilities offered by it.

Oil slides after big US gasoline build offsets crude draw

Last Updated: Thursday, June 25, 2015, 02:32

Crude oil futures settled down more than 1 percent on Wednesday after a government report showing an eighth straight weekly drop in US crude stockpiles was offset by a large build in refined products.

Govt mulls new snooping policy to balance security and privacy

Last Updated: Sunday, June 21, 2015, 15:35

The Communications and Information Technology Ministry is consulting the Home Ministry to sort out the issues related to interception by security agencies, he said.

India in talks with Cyprus over tax info exchange

Last Updated: Tuesday, June 16, 2015, 21:03

India, which blacklisted Cyprus in 2013 for not sharing tax information under the treaty, is in dialogue with the island nation to resolve the issue, a top finance ministry official said on Tuesday.