India Business

India Business

India business awaits changes to Raj era labour laws

WITH steel machines hissing and whirring and staff studiously manning production lines, Sunder Rajan's factory about two hours southwest of New Delhi is prospering. But...

Rupee hits 71-mark for the first time, on course for biggest monthly fall in...

The rupee continued its downslide to fall to yet another low on Friday, hitting 71 against the US dollar for the first time ever....

Infosys Hired More Than 4,700 Americans Since 2017

India’s second largest information technology services firm Infosys Ltd. has hired over 4,700 locals in the U.S. since last year, including nearly 500 people...

GST refund to foreign tourists at airports on the cards

Foreign tourists may soon get to claim Goods and Services Tax (GST) refunds at airports at the time of exit as the revenue department...

India Becomes Sixth Largest Economy Leaving Behind France

India has become the sixth largest economy leaving behind France. According to World Bank statistics for 2017, India’s gross domestic product (GDP) was at...

NCLT dismisses Cyrus Mistry’s plea against removal as Tata Sons chairman

The National Company Law Tribunal (NCLT) today dismissed the pleas of Cyrus Mistry challenging his removal as Chairman of Tata Sons. Mistry was removed...

India’s Infosys eyes artificial intelligence profits

Indian IT giant Infosys said Friday that artificial intelligence was key to future profits as it bids to satisfy clients' demands for innovative new...

Taiwan becomes Chinese Taipei for Air India, China welcomes move

China on Thursday welcomed Air India's decision to change Taiwan's name to Chinese Taipei on its website and asserted that foreign companies operating in...

Indians disclose $10 billion in hidden wealth in tax evasion amnesty

A government amnesty targeting tax evasion in India has prompted tens of thousands of suspected tax dodgers to disclose nearly $10 billion in undeclared...

Reliance Communications gets bondholders nod for asset sale

Indian telecom company Reliance Communications Ltd (RLCM.NS) (RCom) said on Wednesday its bondholders approved its asset selling plan. Holders of the company’s $300 million bonds...