It’s not the first time when Phaneesh Murthy has been asked to step down on charges of sexual impropriety. Back in 2002 Murthy was charged by an employee at Infosys, Reka Maximovitch. In... »

Related: iGate sacks Phaneesh Murthy after sexual harassment claim

Apple used subsidiaries to dodge billions in taxes: US panel

Apple, the top US computer and smart phone manufacturer, used a complex web of offshore entities to avoid billions in taxes, a Senate panel has alleged.The electronics giant’s rootless subs... »

Realty, auto stocks drag Sensex down 65 points

Indian markets were trading down by over 0.3 per cent in the afternoon session on Tuesday due to heavy selling in realty, auto and power stocks amid mixed Asian cues. At 12.04 p.m., the... »

Related: Should market stay cool to rating downgrade threat?
Related: Rupee trading weak at 55.03 Vs dollar

Gold set to shine on overnight gains; profit-booking looms

An indicator of low investor interest in gold was the fall in SPDR holdings to 1,031.5 tonnes.

Overnight gains in the global markets are likely to drive gold prices on spot and futures market on Tuesday. However, signs of recovery in the economy, leading to speculation that in... »

Related: Gold futures recover to Rs 26,274 per 10 gm
Related: Poor meal offtake could keep soya flat

Agri-biz

Commodity Transaction Tax from June 1?
India’s booming futures trade in commodities is likely to be tested soon, when the Government puts the proposed Commodities Transaction Tax (CTT) into effect. CTT will be levied on gold, silver and other non-agricultural commodities traded through commodities exchanges, once the Finance Ministry formally notifies the tax. »

Banking

No special tax sops for inflation-indexed bonds
Open to retail investors, FIIs; first issue in June »

Info-tech

Samsung launches Galaxy Grand Quattro in India for Rs 17,290
Aimed at maintaining its leadership position in the smartphone segment in the country, Korean handset maker Samsung Electronics today announced the launch of its Galaxy Grand Quattro priced at Rs... »
Companies

Nestle to modernise Punjab plant, plans Rs 250 cr investment
Dairy major Nestle India today said it will invest Rs 250 crore on expansion and modernisation of its existing milk plant at Moga in Punjab. In his meeting with Punjab Chief Minister Park... »

Info-tech

Hexaware sets up onshore delivery centre in Texas
Mid-size IT solutions company Hexaware Technologies has set up an onshore delivery centre in Texas, US. The centre, which has a capacity of 150 engineers, will support clients in all majo... »

Opinion

RBI curbs on gold counter-productive
The central bank's move to curb gold imports on a consignment basis will only lead to higher forex outgo on each transaction. »
Sports

Rajasthan Royals terminate contracts of tainted trio
Beleaguered Rajasthan Royals today terminated the contract of the three players — including India pacer S Sreesanth — arrested on charges of spot-fixing in the ongoing IPL besides filing an FIR ag... »

Industry

Oil Ministry proposes gas price hike to $6.7
Oil Ministry has moved a Cabinet note to raise the price of natural gas produced by state-owned ONGC and OIL as well as private firms such as Reliance Industries to $6.7, less than $8-8.5 hike pre... »

Economy

Employers to retain talent with higher salaries in 2013-14, says TeamLease
Not just hiring activity, but compensation paid to employees may also see a rise in 2013-14, says a new report by TeamLease, a human resource services company. India saw a 11 per cent in... »