
New Delhi: The driver of a Gurgaon-based global business process outsourcing firm has been arrested for allegedly violating Delhi Police's order of dropping a woman employee, returning home at odd hours from work, at her doorsteps. The driver, Sunil Kumar, had dropped the company's woman employee on the main road at a deserted place, about a kilometre away from her house in B-Block Amar Colony, in the wee hours of on Thursday.
She was spotted walking on the deserted road alone by two constables, who were on patrolling duty in A and B Block of Amar Colony, a senior police official said. When asked, the woman said she was dropped by the company's cab and she was going home. The police personnel then chased the vehicle and arrested Kumar, a resident of Indira Colony in Faridabad, for disobeying an official order. After the Dhaula Kuan rape case in 2011, Delhi Police had issued an order making it mandatory for business process outsourcing firms, corporate and media houses to drop their women employees at their doorsteps at night.
...
more

02:23 AM, Jun 01, 2013

Bangalore: Infosys Ltd, India's No 2 software services exporter, said on Monday it would challenge a $ 5.77 billion income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from special economic zones in India, Infosys said in a statement. It said the latest tax demand disregards a clarification by...

10:30 AM, May 20, 2013

New Delhi: Income Tax department has slapped a fresh $ 106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. The Bangalore-based software services exporter is already contesting additional income tax demands of $ 214 million (about Rs 1,175 crore) for four fiscals years beginning 2005 and said it will take legal recourse against the...

12:28 PM, May 19, 2013

Islamabad: Pakistan's Supreme Court is set to release a secret list of journalists and media organisations that purportedly received payments from the federal government in the name of national security, according to a media report. The apex court is expected to make a final decision in this regard on April 17, when the government will submit a revised list of "covert expenses" after excluding only a few details for security...

05:46 PM, Apr 12, 2013

Mumbai: In the high-profile refund case involving an estimated Rs 24,000 crore payment to over three crore investors, Sahara Group's chief Subrata Roy and other top executives will appear before the marget regulator Sebi on Wednesday. Sebi had summoned Roy and three other directors of two Sahara firms for personal appearance in an order dated March 26. Sebi wants to ascertain details of their personal assets, as also the investments...

08:29 AM, Apr 10, 2013

New Delhi: Market regulator SEBI has incurred initial costs of more than Rs 55 crore in its humongous task of facilitating Rs 24,000-crore refund to bondholders of two Sahara firms after verifying their credentials and Saharas would have to clear all these bills. The final expense bill of the Securities and Exchange Board of India (SEBI) in this high-profile case could be much higher, as just two contracts - for...

03:17 PM, Apr 07, 2013

The Supreme Court will pronounce an important judgment on Monday on a Swiss pharma firm's plea asserting its patent over a medicine, and Tuesday take up Sterlite's plea opposing the order to shut down its plant as well as the case of the Italian marines. ...

04:20 AM, Apr 01, 2013

Petrol price has been hiked by Rs 1.40 per litre, excluding VAT, with effect from Friday midnight. This is the second hike in petrol price in over two weeks. ...

06:19 PM, Mar 01, 2013

Country's largest software firm TCS on Tuesday said it has agreed to settle a suit filed by two former employees alleging violation of the rights of its non-US citizen workers in the US. However, details of the settlement were not disclosed. ...

04:22 PM, Feb 26, 2013

In the latest development in connection with the 2G spectrum allocation case, a Central Bureau of Investigation (CBI) witness has identified the signature of Reliance ADAG chairman Anil Ambani on some documents. ...

08:19 PM, Feb 25, 2013

The Japan International Cooperation Agency (JICA) on Friday inked a pact with Government of India for providing Rs 1,350 crore assistance for a highway project in Bihar which falls under the Buddhist circuit. "JICA here today signed a Japanese ODA loan agreement with the Government of India to provide JPY 22,903 million (about Rs 1,350 crore) for the Bihar National Highway (NH) Improvement Project," JICA said in a statement. ...

02:56 PM, Feb 22, 2013

The oil firms on Friday decided to increase fuel prices again. While the price of petrol will be increased by Rs 1.50 per litre, that of the diesel will be hiked by 45 paise per litre. The hike was expected this week as the oil firms were slated to begin to exercise the recently accorded freedom to adjust rates in step with cost. ...

06:49 PM, Feb 15, 2013

Telecom operator Uninor said it is not "impacted" by today's Supreme Court's order which said telecom companies which were unsuccessful in availing fresh 2G spectrum and those which did not participate in the auction process will cease to operate "forthwith". ...

05:29 PM, Feb 15, 2013

A rigorous integrity system, clear audit trails and information sharing with sports federations mean European betting firms are less at risk than their Asian counterparts. ...

10:23 PM, Feb 05, 2013

India has rejected a proposal by autos-to-software conglomerate Mahindra & Mahindra to set up a joint venture with Israel's Rafael Advanced Defense Systems Ltd, a government statement said on December 26. ...

02:00 PM, Dec 26, 2012

New Delhi: Amid allegations of dubious funding of Nitin Gadkari's companies, Leader of Opposition in Lok Sabha Sushma Swaraj on Thursday stood by the BJP president, saying he is not running away from media. "The Prime Minister says money does not grow on tree. I would like to tell him that money falls in the pockets of Congress leaders. Gadkari did not run away. He faced media and answered every...

02:32 PM, Oct 25, 2012

Balasinor: Gujarat Chief Minister Narendra Modi on Tuesday said people from Congress-ruled states will have to buy additional cooking gas cylinder at market rate notwithstanding Sonia Gandhi's assurance to raise the subsidy cap as oil companies have "rejected" her idea. "Sonia Gandhi during her Rajkot visit said that she has instructed Congress chief ministers to provide three additional LPG cylinders after UPA's decision to cut the number of subsidised LPG...

01:40 AM, Oct 24, 2012

Washington: Five Indian companies including Larsen & Toubro, Hindustan Unilever and Infosys are ranked on Forbes magazine's list of "The World's Most Innovative Companies" topped by four US companies. Larsen & Toubro with an annual sales growth of 19 per cent is ranked ninth in the world followed by Hindustan Unilever (12) with 11.4 per cent. Infosys (19) comes third with 12.7 per cent growth thanks to what the US...

07:30 PM, Sep 07, 2012

Washington: Five Indian companies including Larsen & Toubro, Hindustan Unilever and Infosys are ranked on Forbes magazine's list of "The World's Most Innovative Companies" topped by four US companies. Larsen & Toubro with an annual sales growth of 19 per cent is ranked ninth in the world followed by Hindustan Unilever (12) with 11.4 per cent. Infosys (19) comes third with 12.7 per cent growth thanks to what the US...

10:06 AM, Sep 07, 2012

Madurai: In a first such crackdown on big sharks involved in illegal granite quarrying in the Southern region, the Madurai district administration on Thursday sealed the premises of granite major PRP Exports amidst protests from its 7,000-strong workforce. The move was aimed at preventing its promoters from destroying evidences of illegal mining and encroachment on Government land and water bodies. The sealing exercise, sparked by a whistle-blowing report on the...

12:31 PM, Aug 10, 2012