India

Set off and Carry forward of Capital Losses

03 oct 2007

The Income Tax Act provides for a specific way for adjustment of losses arising from sale/transfer of capital assets. But to start with the process for set off, one has to first separate the capital losses into short term and long term.

DLF shifts focus towards South, to develop New Bangalore

02 oct 2007

After the successful models of Navi Mumbai and Noida, Bangalore is also soon going to get its ‘New Bangalore’. This would would help Bangalore in overcoming its infrastructural and basic problems which was making it less attractive to companies, investors and residents.

Anil Ambani to venture into retail via mobile phone

01 oct 2007

In yet another instance of clash between the Ambani brothers, Anil Ambani is venturing into retail business using the strength of Reliance Communications’ mobile phone network which has 3.5 crore subscribers.

BSNL rebrands its products under a single name

28 sep 2007

India’s biggest telecom company, Government owned BSNL is going in for a uniform brand much like other telecom brands such as Airtel and Tata Indicom. This would mean that seven services of BSNL catering to 5 crore subscribers nationally would be changed.

Oberoi and Hilton part ways, to chalk their own course

27 sep 2007

The 4 year long marketing and co-branding agreement between East India Hotels and Hilton International has been terminated effective April 2008. As such 8 ‘Trident Hilton’ properties in India having 1900 rooms would be rebranded as ‘Trident’ while the ‘The Hilton Towers’ in Mumbai would be known as ‘Trident Towers’.

Custom Email Addresses for Windows Live Hotmail Users in India

27 sep 2007

Microsoft is trying something unique to make Windows Live Hotmail popular among Indians (especially the young crowd). Instead of the default @hotmail.com or @live.com address, you can now opt for other email address choices that relate more closely with your personality, interests or lifestyle.

Amul to foray into bottled water

26 sep 2007

To capitalise on its tremendous brand equity and offset the margin pressure on the dairy business, Amul is planning to foray into the bottled water segment starting with its home state, Gujarat.

Compilation of recent changes in TDS provisions

26 sep 2007

1. Interest on RBI 8% Savings Bonds, 2003 though taxable was till now exempted from TDS since they are Govt. securities. Effective 1.7.2007, any interest over Rs 10,000 in a financial year from such bonds would be subject to TDS @ 10%.

Google may partner Anil Ambani for sub-sea cable project

26 sep 2007

Internet giant, Google is beefing up the infrastructure to make use of rising internet usage across globe especially in Asia-Pacific regions by setting up its own under-sea cable across Pacific, under a project called Unity.

Reliance Retail may bring GAP brand to India

25 sep 2007

Reliance Retail to augment its apparel business venture is in talks with world’s largest retail chain, US-based Gap Inc. for bringing their mid-premium brands – ‘Gap’ and ‘Banana Republic’ to India.

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