Business

New Delhi: IndiGo had the best on-time performance (OTP) of 95.4 per cent at four metro airports in February, while Go First secured the number two position with 94.1 per cent in the same month, according to data released by aviation regulator DGCA. Bengaluru, Delhi, Hyderabad and Mumbai were the four airports where Indigo had […]

Hyderabad: Fisker Inc, an American electric vehicle company, choose Hyderabad to set up their IT Development Centre in Hyderabad. It will initially have an headcount of 300 IT professionals. The announcement came after Industries and IT Minister KT Rama Rao met with Fisker Inc Chairman and Chief Executive Officer Henrik Fisker and Chief Financial Officer […]

Hyderabad: In yet another major investment announcement, Callaway Golf, the world’s leading golf brand, said it will set up a DigiTech Centre in Hyderabad. The announcement was made during the meeting of company’s top management team with Industries and IT Minister KT Rama Rao at San Diego. Rama Rao is in the US with a […]

Hyderabad: CtrlS – Asia’s largest rated-4 hyperscale data center has performed a ceremonial groundbreaking ceremony kicking-off construction of its third hyperscale data center in Gachibowli, Hyderabad. The data center will be spread across 131,000 square feet equipped with 1,600 racks powered by 18MW of electricity. The groundbreaking ceremony was attended by its customers, partners, employees, […]

Hyderabad: The key auto fuel prices in India have not changed in over four months despite a spike in the global crude oil prices amid the fallout of the Russia- Ukraine conflict. The OMCs generally revise rates of petrol and diesel on a daily basis. The price of petrol in Hyderabad stands at Rs 108.20 […]

Hyderabad: Adding to the slew of data centres that are being set up in Hyderabad, another city-based company is all set to unveil its third hyperscale data centre and the groundbreaking ceremony for the same was held here on Monday. CtrlS – Asia’s largest rated-4 hyperscale data center performed a ceremonial groundbreaking ceremony kicking-off construction […]

Mumbai: Equity indices opened in red on Monday with Sensex plunged by 56.16 points and Nifty down by 11.20 points. The 30-scrip BSE Sensex was down by 56.16 points or 0.10 per cent at 57807.77 at 9.35 am. The 50-scrip NSE Nifty was trading at 17275.80 at 9.35 am, down by 11.20 points or 0.06 […]

New Delhi: The government is working on classification of cryptocurrency as goods or services under the GST law, so that tax can be levied on the entire value of transactions. Currently, 18 per cent Goods and Services Tax (GST) is levied only on service provided by crypto exchanges and is categorised as financial services. GST […]

Hyderabad: Crypto is the new black and could be here to stay. Even though the world of crypto is still volatile with no clarity on the legality of the digital asset, many youngsters are willing to take the risk, albeit with small amounts. For many, after the stock market, investing in cryptocurrency seems to be […]

Hyderabad: The corrugated paper industry is facing headwinds of rising raw material and inputs costs. The corrugated box manufacturers are now looking to passing on the increases in costs to their clients, which in turn will result in the packaging and logistics costs going up for the endusers. Kraft paper, which is porus, flexible and […]

New Delhi: Reforms undertaken by the government within the Income Tax department and the “strengthening” of the Indian economy are among the major factors that led to the highest-ever direct tax collections in the country, which stand at over Rs 13.63 lakh crore, CBDT Chairman J B Mohapatra has said. He said apprehensions about the […]

Mumbai: India’s foreign exchange (forex) reserves declined by $9.646 billion to $622.275 billion in the week ended March 11, the sharpest decline in nearly two years, as the Reserve Bank of India (RBI) heavily sold dollars to prevent the slide in the value of rupee. According to the RBI’s weekly statistical supplement, the foreign currency […]

British shipping company P&O Ferries sacked 800 of its employees en masse over a Zoom call that lasted only 3 minutes and the employees were not allowed to serve a notice period, reports Daily Mail.

But income tax is an important legal provision, and we should follow it honestly. However, as far as possible within the scope of the law, we should make the effort to minimize the tax liability through good planning. Hope this article enlightens the facts to our readers in this regard.

Hyderabad: Health benefits platform ekincare, which helps employers design a health benefits package that best suits the needs of their employees and their families, has plans to increase its head count to about 500 in a year from the current 200, said ekincare co-founder Kiran Kalakuntla. This comes on the back of it raising $15 […]

Hyderabad: The various policies and measures of State government including Growth in Dispersion policy, Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS) and Telangana State Building Permission Approval and Self-Certification System (TS-bPASS) apart from propelling Hyderabad realty to the top have also resulted in real estate growth in different parts of the State. The […]

Hyderabad: Interior design automation platform Prolance announced the launch of its operations in Hyderabad with local fabrication and installation support for citywide residential interior design or home improvement projects. More than 100 city-based interior designers attended the Prolance launch event to familiarize themselves with the Prolance platform and marketplace. The company said that it will […]

Hyderabad: A recent announcement by the Telangana Chief Minister K Chandrashekhar Rao on GO 111 has brought to the fore mixed responses from various sections ranging from realtors to environmentalists. However, the real estate sector, in particular, seems to be optimistic about the development of the sector in those areas that come under GO 111. […]

H&M India launched H&M Home through its digital store hm.com and its collection will also be made available on e-commerce platform Myntra on March 3. The multinational brand is expected to introduce the collection via H&M India’s existing store in Ambience Mall, New Delhi. H&M Home offers fashion-forward décor and accessories for every room. The […]

According to estimates by DigiTimes research analysts Sean Lin and Luke Lin, Apple has enough components for about five million iPhone SE 2022 devices in the first quarter of this year, but it claims that the shipments for the more affordable device are expected to be lower than in the first quarter.

According to market research firm Counterpoint, Apple dominated the list of top 10 best-selling smartphones in 2021 globally, as seven out 10 smartphones in the list were iPhones, a new report said.

Visakhapatnam: Hindustan Shipyard Limited (HSL) has entered into a tripartite MoU with Eker Group (Norway) and Vaan moto to explore future business in the field of manufacturing high speed boats for accelerating business growth. According to a HSL release here on Thursday, these boats are high end boats with smart, flexible solutions with superior maneuverability […]

New Delhi: India’s merchandise exports have reached $390 billion till March 14 of the current financial year and will certainly cross $400 billion during the year ending March 31, 2022, Union Commerce and Industry Minister Piyush Goyal said on Thursday. Addressing an event organised by the Automotive Component Manufacturers Association (ACMA), Goyal said India’s auto […]

New Delhi: India’s oil demand is projected to jump 8.2 per cent to 5.15 million barrels per day in 2022 as the economy continues to rebound from the devastation caused by the pandemic. The Organization of Petroleum Exporting Countries (OPEC) in its latest monthly oil market report projected the world’s third-biggest energy consumer to add […]