Business in India

Business in India,one the fastest growing economies, has been growing faster ever since 'economic liberalisation' opened the floodgates of worlwide trade in 1991. Tremendous scope for business exists in India, which boasts of being the 10th largest economy of the world in terms of market exchange rate and third largest on count of Purchasing Power Parity.

India is rapidly surging ahead on the global economic front and thus brandishes great business opportunities in all sectors. Its mighty, second largest labour class in the world with 48.66 crore workmen, is poised to attract massive foreign investments.Business houses and multinational corporations across the globe have great expectations' from India’s burgeoning economic prowess.

India Business News

Sensex gains over 145 points; bank stocks rise
A slew of reforms announced by the government and relief from Greece crisis led a barometer index of the Indian equity markets to close with healthy..Read More
Sensex gains 88 points in early trade
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Friday was trading at 88.54 points or 0.32 percent up during..Read More
Hyderabad to host India Gadget Expo
The second edition of the Indian Gadget Expo (IGE) will be held in Hyderabad in September this year. To be organised by Skits Events with the suppor..Read More
Greece issue not greasy for India: RBI governor
India's exposure to cash-strapped Greece was very limited and the central government was in talks with the central bank on providing additional ..Read More
India's domestic air passenger traffic up 18 percent
The International Air Transport Association (IATA) on Thursday reported that India's domestic passenger traffic increased by 18.2 percent in May..Read More
CBI, NTPC make surprise check at Bihar power station
Officers of the CBI and NTPC's Vigilance Office on Thursday carried out a surprise check at the Barh Super Thermal Power Station in Bihar, the a..Read More
Digital India could transform India into knowledge economy
A digital India could transform Indian society into a knowledge economy, said Prabir Kumar Das, director of Software Technology Parks of India, on T..Read More
Indian beauty salon chain Naturals to open in US, Middle East
Indian beauty salon chain Naturals will soon open outlets in the US and the Middle East, a top company official said. In India, the chain will incre..Read More
Birla firm awaiting mining clearance for Assam JV
Birla Corporation Limited (BCL), the flagship company of the M.P. Birla Group, on Thursday said it is awaiting mining clearances to the Assam Minera..Read More
Sensex provisionally closes 75 points down
A day after it gained 240 points on the back of positive macro economic data, a barometer index of the Indian equity markets provisionally closed in..Read More
Mercedes-Benz's sales up in first half of 2015
German luxury automobile manufacturer Mercedes-Benz on Thursday reported a rise of 41 percent in its sales for the first half of the calendar year. ..Read More
Pan-India number portability from July 3: Vodafone
Aligning with the government's mandate to roll-out pan-India mobile number portability (MNP) from July 3, telecom service provider Vodafone Indi..Read More
Videocon launches new budget smartphone
Indian consumer electronics and home appliances major Videocon on Thursday launched Z51 Nova+ smartphone at a price tag of Rs.5,799. The smartphone..Read More
Sensex marginally in the red; auto stocks gain
A day after it gained 240 points on the back of positive macro economic data, a barometer index of the Indian equity markets was trading marginally ..Read More
Bajaj Auto's June sales up eight percent
Two-and three-wheeler manufacturer Bajaj Auto on Thursday reported an increase of eight percent in its monthly sales for June, which stood at 331,31..Read More
Cabinet approves schemes for farmers, youth
The cabinet has approved the prime minister's agriculture irrigation scheme as well as some skill development programmes for the youth who don&#..Read More
'India to become world's second largest smartphone market'
Buoyed by growing sales, India will overtake the US to become world's second largest smartphone market by 2017, says a report. According to inte..Read More
Indian equities open lower in morning trade
A benchmark index for Indian equities, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), on Thursday opened lower than previous day&#..Read More
Manufacturing to remain slow: HSBC index
Future manufacturing may remain sluggish in India due to declining output and new order flow, including from overseas and fall in order-to-inventory..Read More
Ratan Tata invests in Ola
App-based transportation aggregator Ola on Wednesday said Tata Sons chairman emeritus Ratan Tata has invested in the company in his personal capacit..Read More
Tata Motors' consolidated sales up six percent in June
Carmaker Tata Motors on Wednesday said its total commercial and passenger vehicles sales in June this year grew by six percent as against the corres..Read More
Industrialists promise investments for Digital India
In the “Digital India Week” programme launched by Prime Minister Narendra Modi on Wednesday, India Inc. committed an investment of Rs.45..Read More
India Inc. commits Rs.450,000 crore for Modi's 'Digital India'
As Prime Minister Narendra Modi launched the "Digital India Week" in New Delhi on Wednesday, India Inc. committed an investment of Rs.450,..Read More
Interest cost dent auto sales, marginal rise in June
Lenders' reluctance to lower interest rates continued to dent the Indian automobile sector as first-time buyers and fleet operators were deterre..Read More
Maruti Suzuki's June sales up 2 percent
Automobile manufacturer Maruti Suzuki on Wednesday reported an increase of 1.8 percent in its total sales for June which stood at 114,756 units -- u..Read More

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Individual resident aged below 60 years (i.e. born on or after 1st April 1955) or any NRI/ HUF/ AOP/ BOI/ AJP*
Income SlabsTax Rates
Taxable income = Rs. 2,50,000/-. NIL
Where the taxable income Rs. 2,50,000/- to Rs. 5,00,000/-. 10% of amount by which the taxable income exceeds Rs. 2,50,000/-.
Taxable income Rs. 5,00,000/- to Rs. 10,00,000/-. Rs. 25,000/- + 20% of the amount by which the taxable income exceeds Rs. 5,00,000/-.
Taxable income > Rs. 10,00,000/-. Rs. 125,000/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-.
Surcharge: 10% of the Income Tax, where taxable income is more than Rs. 1 crore. (Marginal Relief in Surcharge, if applicable) Education Cess: 3% of the total of Income Tax and Surcharge. * Abbreviations used: NRI - Non Resident Individual; HUF - Hindu Undivided Family; AOP - Association of Persons; BOI - Body of Individuals; AJP - Artificial Judicial Person

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