Friday, 2 August 2019

108 year old IT firm fires employees in bid to look cool

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THE ECONOMIC TIMES
Fri, Aug 02, 2019 | 04:57 PM IST

Daily Newsletter

Govt likely to put 35% minimum shareholding rule for listed entities on hold

The government is also looking for ways to ease concerns of foreign portfolio investors.

PMO, FinMin discuss tax surcharge impact on market, FPIs; tweaks likely

FPIs have sought roll back of surcharge, as a confidence boosting signal from Modi government....

Lens on Mack Star dealings: Evergreening allegation against HDIL and Yes Bank

Ocean Deity is understood to have drawn RBI's attention to a series of fund transfers between 2014 & 2016....

IBM fired 1 lakh older employees to look 'cool' and 'trendy' for millennials, alleges lawsuit

Former employees have sued IBM for unfairly ditching older staff to replace them with early professional hires.

Mixed verdict for incumbent telcos in Q1
They have seen some recovery in their key metrics, but sustaining it will be key.
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Why you should be aware of double tax avoidance treaties?
India and China signed a protocol on Double Taxation Avoidance Agreement (DTAA) to avoid taxing individuals and companies twice for the same earning and also to prevent tax evasion. DTAA is an international tax agreement between two or more countries.
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Jugaad to the rescue: FMCG firms find a way to keep business ticking during a downturn Jugaad to the rescue: FMCG firms find a way to keep business ticking during a downturn
Top producers of consumption goods are introducing cheaper packs to woo new customers....read more
Why even Rs 3.2 lakh crore taxpayers money in 4 years is not enough for unhealthy PSBs » 
Tata Motors announces partnership with Tata Power to set up public EV charging infrastructure » 
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Delhi to host Workspace Efficiency Summit on July 25

The Workspace Efficiency Summit is scheduled to be held on 25 July 2019 at Taj Mahal Hotel in New Delhi.

We have swung too far to the left, hurting investment and growth We have swung too far to the left, hurting investment and growth...
Rahul Bhasin, Managing Partner, Baring PE India
Market Watch 2 Aug | 04:57PM|
SENSEX NIFTY USD/INR GOLD
37118.22
99.90
10997.35
17.35
69.57
0.51
35200.00
284.00
MARKET NEWS
SBI posts Rs 2,312 crore Q1 profit as provisions fall 11% YoY

Net interest income (NII) for the quarter came in at Rs 22,938 crore....

The man who predicted a market crash in April 2018, says it's time to search diamond in the trash

"I have never sat on cash in my entire investing career of 30-plus years."...

Gainers Losers 2 Aug, 2019, 04:57PM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
New Indian Assurance 120.15 8.10 10359 126.2 110.2
Dalmia Bharat 986.60 6.29 2181 991.35 932.25
Bharti Airtel 343.45 6.02 3157923 351.15 327.2
KIOCL 118.00 6.02 2087 118.8 110.4
VIP Industries 380.70 5.71 52039 389.8 350.6
MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices
FEATURED SLIDESHOW
Food for thought
Food for thought
Saudi permits women to travel alone
Saudi permits women to travel alone
Uighurs challenge China to prove missing relatives are free
Uighurs challenge China to prove missing relatives are free
People travel to Canada to mourn iceberg
People travel to Canada to mourn iceberg
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FROM THE NEWSPAPER
Govt calls on industry to make robust investments in 5G tech

The states at their level also need to make 5G a priority since this will be the infrastructure of the future, MoS f...

Wait till next budget? Tweaks in I-T law needed to make conversion from trust to company tax-neutral

Being direct tax-related, these changes will need to be approved by Parliament....

Fed up, bulls vacate D-Street address amid local woes

The Sensex and Nifty recorded their worst performance for the month of July in 17 years with a 6 per cent decline. ...

Auto sector in slide mode: Sales dip across categories as sentiment stays weak

Footfalls at dealerships had also started to decline, suggesting extremely weak consumer sentiment....

Walmart likely to soon put $50 million into NinjaCart

First tranche, pegged at $10 million, is likely to close in the next three weeks....

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