Over the years companies have found outsourcing of important business processes such as recruitment, payroll, finance, training, HR etc. as a strategic and effective alternative that saves time, money and resources. Outsourcing of taxation related processes in companies to third party vendors is the next big thing happening in the outsourcing arena.
Transaction tax compliance is [...]
Petrol price vis-Ã -vis diesel and kerosene prices
The price of crude oil has touched $132 a barrel. As 1 barrel is 159 litres, assuming a rupee/dollar exchange rate of 42, cost of crude oil (or petrol) per litre should have been around 35 rupees (plus manufacturing and transportation costs, profit). But petrol is sold at Rs. [...]
The price hike on petroleum products in India, barring kerosene, seems to have settled down comfortably into Indian minds. But, like I have written previously, the global crude oil price increase has not been completely transferred to a price hike in retail prices of petrol and diesel. Subsidies still rule Indian petroleum retailing!
The actual plunge [...]
Indian Industrial growth rate at 7.1%
The Industrial Production Index grew to 7.1% in the month of July far exceeding expectations set from 4 to 6%.
This is indeed great for the economy which has been performing badly for a few months now. As a result of the unexpected growth rate, the Industry demanded a rate cut [...]
HDFC Bank Managing Director Aditya Puri is the CNN-IBN Indian of the Year 2008 (Business category). Given in six categories - Politics, Sports, Business, Entertainment, Public Service, and Global Indian - these awards “recognize, celebrate and honour Indians who have contributed to our country and in turn have strengthened our society and contributed to building [...]
The global economic crisis is holding strong and CEOs across the world are taking pay cuts (forced, or by their own free will) as a means to cut costs. Back in India, how the CEOs are dealing with the situation? Are they following the path of their western counterparts?
Rediff has compiled this list of the [...]