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

Markets close flat ahead of May derivatives expiry
A benchmark index of the Indian equities markets closed flat on Wednesday on the back of disappointing quarterly results, May derivatives expiry and..
Vodafone spends Rs.1,050 crore on Maharashtra, Goa operations
Vodafone India has invested over Rs.1,050 crore on ramping up network, distribution and retail presence in Maharashtra and Goa circles between April..
Forbes names SBI chief as 30th most powerful woman in the world
Forbes has named State Bank of India Chairperson Arundhati Bhattacharya in its annual 100 Most Powerful Women list, with a ranking of 30 in the worl..
Amitabh Bachchan to promote DD Kisan, 'excited'
Hindi cinestar Amitabh Bachchan will be adding his weight to the newly launched DD Kisan channel, a 24-hour farmer-centric channel, a senior governm..
Growth not picked up as expected: Arvind Subramanian
India's economic growth did not pick up as much as people expected as a result of government action, the government's Chief Economic Adviser..
Still studying uranium project in Meghalaya: Minister
Union Minister of State for Atomic Energy Jitendra Singh said on Tuesday that his department was still studying the proposed mining of uranium ore i..
Sensex sheds 145 points in morning session
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading 144.66 points or 0.53 percent down dur..
Gadkari announces Rs.50,000 crore for Bihar roads
Union Minister for Road Transport, Highways and Shipping Nitin Gadkari on Tuesday announced the provision of Rs.50,000 crore for development of road..
Jaitley happy with Swiss naming black money account-holders
Expressing satisfaction with Swiss authorities sharing the names of two Indian nationals in connection with black money stashed abroad, Finance Mini..
Modi launches DD Kisan channel, calls for big change in agriculture
Calling for a "big change" in agriculture, Prime Minister Narendra Modi on Tuesday launched the DD Kisan channel and pitched for increasin..
Panel set up to recommend PPP model revision
The government on Tuesday set up a committee to recommend measures to "revisit and revitalise" the public-private partnership (PPP) mode o..
TVS Logistics acquires TATA group's logistics company
Third party logistics player TVS Logistics Services Ltd on Tuesday said that it has acquired Tata group's Drive India Enterprise Solutions Ltd (..
Tata Motors' net profit down by 56 percent in Q4
Tata Motors on Tuesday said that its net consolidated profit during the fourth quarter of 2014-15 declined by over 56 percent at Rs.1,717 crore, aga..
Centre to increase area under irrigation: Shah
The central government has decided to launch the Pradhan Mantri Irrigation Scheme to increase area under irrigation up to 14 percent across the coun..
Sensex closes 112 points down; oil, gas stocks fall
A day after it lost over 300 points, a benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), closed 112 points ..
Nissan to launch a new model next year
Japanese automobile maker Nissan Motor Company, which is targeting a five percent market share by 2020 in India, will be launching a small car, said..
Sensex down 132 points; healthcare stocks fall
A day after it lost over 300 points, a benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading deep in th..
GDP growth in double digits in 3-4 years: Rajnath
GDP growth figure of India would reach double digits in the next three to four years, Home Minister Rajnath Singh said on Tuesday. "In three to..
Sensex trades down 83 points; healthcare stocks fall
A day after it lost over 300 points, a benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading in the red..
Sensex trades flat in morning session
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Tuesday was trading flat at 1.50 points or 0.01 percent up d..
Task force to make India cyber security hub
Indian IT industry body Nasscom and the Data Security Council of India on Monday set up a task force to make the country a global hub for providing ..
Hindustan Motors posts Rs.41.9 crore loss
Country's oldest but sick car maker Hindustan Motors Ltd on Monday said that it closed last fiscal with revenue of Rs.15.10 crore and a loss of ..
Bombay Dyeing to sell processing unit for Rs.230 crore
Textiles major Bombay Dyeing and Manufacturing Company Ltd on Monday said that it has decided to sell off its textiles processing unit to Delhi-base..
Not obstructing government business, says Chidambaram
The Congress on Monday rejected assertions by the ruling NDA that the opposition was trying to "obstruct" key bills in parliament and said..
Muthoot Capital Services recommends 50 percent dividend
Muthoot Capital Services Ltd, the BSE listed non-banking finance company of the 128-year-old Muthoot Pappachan Group, on Monday declared a 50 percen..

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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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