A policy revision for units in Karnataka special economic zones (SEZs) has withdrawn an earlier blanket exemption on service tax. Units will now have to pay service tax and claim refunds later. This has raised concerns among the units that they would require more cash in their kitties, as previous experiences in getting refunds have meant long delays. There is ...

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The Indian equity market is likely to report a decline in earnings, down to single digits in the fourth quarter of the financial year, While banking is expected to be the best-performing sector, said Motilal Oswal’s India strategy report. While banking is expected to be the best-performing sector, with earnings growth of 16 per cent year on year, ...

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With the cost of funds still high for banks, lending rates have little room to come down any further It is in our own interest to bring down our lending rates so that our asset portfolios do not get impaired, said TS Narayanasami, chairman of the Indian Banks’ Association. But without some movement, banks could suffer. “It is ...

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Gaining access to pass-outs, or graduates, of the country's premier business schools such as the Indian Institutes of Management (IIMs) just got a little more affordable. IIMs has waived the recruitment fee to enable participation from more companies in the hiring process. That means top-tier graduates can now be hired at much lower packages than they used to get when ...

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Indian SMEs should explore growth possibilities in the domestic market rather than in the international ones, said Syed Baderuddin, national vice president of the Indo-American Chamber of Commerce, speaking recently on the sidelines of a bilateral meeting of the Indo-American Chamber of Commerce in New Delhi. Highlighting the success and exposure for small to medium enterprises in IT, he ...

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