Calling it the biggest litigant in the entire Government, Finance Minister Pranab Mukherjee today asked the Income Tax Department to reexamine the way it handles tax disputes. Speaking at the 150th anniversary of the Income Tax in India, the Finance Minister also exuded confidence that direct tax collections, hit by the global financial crisis in [...]

Bellary is on fast track, coming up one of the largest steel plant in Karnatka by the world’s largest steel maker ArcelorMittal. NRI billionaire L N Mittal-led ArcelorMittal has paid Rs 600 crore to the Karnataka government for land in Bellary, state Chief Minister B S Yeddyurappa said here today. “ArcelorMittal’s plant is to come [...]

An Indian, Ajay Banga was today named as the Chief Executive Officer of Mastercard. The credit card company named Banga to succeed the current CEO Robert W Selander, who will stay on as Executive Vice Chairman and Board Member until he retires on July 31, the company said. Banga joined Mastercard Inc. in 2009 and [...]

Delhi with its rich heritage sites, modern health care centers and swanky business hubs emerged as the favorite destination among foreign tourists including business travelers in 2008, a study has revealed. According to the latest data on state-wise tourist arrivals available with FICCI, a total of 23.4 lakh foreigners visited Delhi in 2008. The total [...]

If you hang around day traders at all, one of the things you hear them echo is that losing money in the market is a “good thing.” When I went to the first international day trading conference, which happened to be held in my area in the fall of 1999,1 heard this repeated by presenters: [...]

Last time when I went to McDonald’s outlet in Delhi with my nephew (my sis’ elder son), I decided to irritate him a bit. I just love it when he is frustrated with my questions. He is all of 8, but just like any other kid, outspoken and naughty. I wanted to give him a [...]

Recently we came across several attacks, comment spams and “Self promotion” posts by unauthorized peoples who sneak into the system. This is one reason we were offline for several days due to massive up-gradations and running on maintenance mode. Still I have over 9000 spam comments to deal with. We updated the software as well [...]

The White House has said the USD 819 billion mega economic stimulus package, passed by the House of Representatives amid opposition from Republicans, is on track and exuded confidence it would be signed into law before February 16, a deadline set by President Barack Obama. The American Economic Recovery and Reinvestment Act, which pumps USD [...]

Insurance companies Tata-AIG and Oriental Insurance will take a major hit on account of damage to the properties suffered at iconic Taj and Oberoi-Trident during the terrorist violence that ended earlier in the day. Both the five-star hotels, which witnessed major casualties and excessive property loss during the past three days, were insured against terrorism [...]

My heart aches as I write this blog entry and I feel angry and helpless at the same time witnessing the events that were unfolded in last forty eight hours. Mumbai — the city of dreams, — the city that doesnt sleep, — the economic capital of India came to a standstill and we witnessed [...]