‘Business’ Archives
India’s tax officials to review all property deals
With the growing pressure to tackle the black money issue, India’s income tax officials have aimed their guns at the country’s biggest source of black money – property. Under scanner will be the real estate deals likely undertaken in the 2010-11 year. [Read More]
Indians may compete with foreigners for top jobs
Soon, Indians competing with foreigners for C-level jobs in India will be a major trend, according to a study. The world will witness reverse brain drain, and the vast vacancies for CXOs in countries like India will be filled not only by returning Indians, but also by [Read More]
Rakesh Kapoor becomes global head of Reckitt Benckiser
Indian-origin Rakesh Kapoor will head the global operations of Reckitt Benckiser Group plc (RB), a £8 billion health care and personal care company. At a time when major consumer brands are struggling to maintain sales in Europe and the US, Kapoor’s appointment is [Read More]
Rohit Kapoor Joins CA Technologies Board
CA Technologies have appointed Rohit Kapoor to its board of directors. The 46-year old chief executive of ExlService Holdings Inc. will join the board the board’s Audit Committee. Nine of the 10 directors on the board are independent. The FORTUNE 500 company is one [Read More]
Why are NRIs so touchy about India?
Call them NRIs, people of Indian origin (PIOs), or the most recent label – overseas citizens of India, they have one thing in common – their overt patriotism. Does it occur to them that “patriotic non-resident Indian” is an oxymoron? Just like [Read More]
Investing in women is the highest-return venture – Sonia Gandhi
Speaking at the Commonwealth Lecture in London, Sonia Gandhi called for women’s voices and concerns to be heard in the global climate change debate, to “help the world find a more sustainable and less consumerist path to development”. “Among all the [Read More]
New Zealanders keen to work in Christchurch
As many as half a million New Zealanders are willing to work in Christchurch and help rebuild the city destroyed in the recent earthquake. Many of those who left Canterbury also plan to return, as per the findings of the first official poll that estimated the work force [Read More]
Mobile sales to reach $229M by 2015
Indian market handset sales are expected to approach 229mn units in 2015, as mobile subscriber penetration soars towards 145 percent. Indian mobile phones sales accounted for about 33 percent of Indian consumer electronics spending in 2009, according a the “India [Read More]
Infosys faces US visa and tax fraud allegation
Infosys is facing allegations of violation of US immgration laws, as per a complaint by one of its American employees. The employee has filed a case against Infosys accusing the Indian company of visa and tax fraud, a PTI report says. Jack Palmer, the employee, says that [Read More]
India’s Aurobindo Pharma receives USFDA approval
Aurobindo Pharma Limited has received tentative approval from the US Food & Drug Administration to make and sell Venlafaxine Hydrochloride Extended-release These capsules are indicated for the treatment of major depressive disorder (MDD) and falls under the Neurological [Read More]
