www.deccanchronicle.com/rss/business/rss.xml en http://www.deccanchronicle.com/130519/news-businesstech/article/i-t-dept-slaps-rs-582-cr-tax-demand-notice-infosys New Delhi: Income Tax department has slapped a fresh USD 106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. The Bangalore-based software services exporter is already contesting additional income tax demands of Infosys I-T Income Tax IT firm tax TO DO Sun, 19 May 2013 16:06:57 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/govt-gets-power-arrest-service-tax-defaulters New Delhi: Service tax evaders beware! Failing to deposit this tax may attract arrest and imprisonment upto seven years. With the passage of Finance Bill 2013 last week, the Revenue department officials can now arrest a person for non-payment of collected service tax. Earlier, the officials did Finance Bill tax tax defaulters Revenue department TO DO Sun, 19 May 2013 16:02:34 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/improve-economic-model-forecast-gdp-abhijit-sen New Delhi: Concerned over the widening difference between growth projections and actual realisations, the Planning Commission has made a case for improving theeconomic model to project GDP. "I think we are currently suffering from the fact that modelling of the economy is not as robust as it economy Abhijit Sen inflation GDP TO DO Sun, 19 May 2013 15:38:16 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/newly-discovered-solar-twin-unveils-future-sun Washington: Astronomers have found the farthest known solar twin in the Milky Way Galaxy-CoRoT Sol 1, which has about the same mass and chemical composition as the Sun. Spectra from the High Dispersion Spectrograph (HDS) on the Subaru Telescope showed that CoRoT Sol 1 is about 6.7 billion years Milky Way Galaxy sun solar system newswrap TO DO Sun, 19 May 2013 12:31:19 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/soon-your-hand-will-also-be-your-smartphone Washington:  Researchers from the University of Tokyo are in the process of developing a technology to put the mobile phone on the palm of your hand. Using a special camera that combines high-speed vision and two rotational mirrors, Masatoshi Ishikawa and his team at the Ishikawa Oku Laboratory, technology Mobile phone palm newswrap TO DO Sun, 19 May 2013 12:29:28 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/now-iphone-app-help-you-find-your-parked-car Melbourne: Swedish car company, Volvo has developed an iPhone app that would help car owners to find the location of their vehicle through their smartphone. Not only this, with the new system, you can lock or unlock the car via the phone, from far away, News.com.au reported. The system would also volvo iPhone Car newswrap TO DO Sun, 19 May 2013 12:27:41 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/beware-chit-funds-may-dupe-you Sarita and her husband Shiva earn an income by working as a maid and a driver in Vijayawada city Andhra Pradesh. They invest a part of their income in the Dhanarashi Chit Fund that is run by a local jeweller. When the first meeting was called for the auction of the fund, Sarita and her husband did Chit fund Money investment scam TO DO Sun, 19 May 2013 11:29:49 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/rbi-likely-cut-policy-rates-its-june-17-meeting-experts New Delhi: Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said. The headline wholesale inflation fell to 41-month Reserve Bank of India inflation RBI interest TO DO Sun, 19 May 2013 11:21:47 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/flying-boat-floats-skies The era before the invention of the internet was an age where travelling around the world was in its infancy, and held the greatest romance and mystery of all. Unlike today, where the most exotic places and sights are available at the click of a mouse button, one had to literally go to each of DC 75 special aviation TO DO Sun, 19 May 2013 09:09:40 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/%E2%80%98legends%E2%80%99-real-estate Have you ever heard of the success story of any real estate player who has been able to make it big in the sector just by cashing in on the strategy of word-of-mouth publicity and novelty value of the projects? It may sound pretty strange but Legend, one of Hyderabad’s leading real estate real estate business TO DO Sun, 19 May 2013 08:31:11 +0530 TODO http://www.deccanchronicle.com/130519/news-businesstech/article/how-green-my-valley The trinity of affordability, connectivity and good surroundings form a crucial part of the checklist for any upper middle-class family, before buying the dream house. And fewer are the cases where all the three factors combine together, to give one a perfect dwelling. Modi Properties’ Greenwood real estate business TO DO Sun, 19 May 2013 08:27:58 +0530 TODO http://www.deccanchronicle.com/130518/news-businesstech/article/photocopy-made-easy   Strange but true: In many countries across the world, and also in India — the word Xerox is synonymous to photocopying. This would be a marketing and branding coup for many product companies. But not for Xerox,  because the startling fact is that Xerox does not make photocopiers any more. Not Xerox photocopiers photocopy techynology inventions DC at 75 DC 75 special TO DO Sat, 18 May 2013 18:07:01 +0530 TODO http://www.deccanchronicle.com/130518/news-businesstech/article/idiot-box-smart-television   Television has been a true catalyst of many societies, including that of India, as apart from taking home the entertainment, it made dissemination of information more real.   Since its invention in 1938, the year John Logie Baird had broadcast colour television signals for the first time in the DC at 75 1938 DC 75 special television inventions tv Samsung technology TO DO Sat, 18 May 2013 18:00:03 +0530 TODO http://www.deccanchronicle.com/130518/news-businesstech/article/yahoo-buy-tumblr-bn-dollars London: Yahoo CEO Marissa Mayer has revealed that the search engine is in talks to acquire Tumblr for a billion dollars, and enter the premier league of social media. Mayer said she is in talks with Tumblr's David Karp about the deal that would potentially add 15 billion page views a month to Yahoo tumblr Marissa Mayer newswrap TO DO Sat, 18 May 2013 17:40:11 +0530 TODO http://www.deccanchronicle.com/130518/news-businesstech/article/state-bank-india-suggests-rbi-single-regulator-all-home-loans Mumbai: The State Bank of India today suggested that the (RBI) Reserve Bank of India should be the regulator for all home loans provided by banks or housing finance companies. "I see no justification for having a separate regulator for home loans. Perhaps the regulations of objective would be SBI RBI regulator for home loans TO DO Sat, 18 May 2013 16:53:11 +0530 TODO http://www.deccanchronicle.com/130518/news-businesstech/article/poetry-finally-joining-e-book-revolution New York: Over the past two years, publishers have been steadily filling one of the largest gaps in the e-book catalogue - poetry. Adrienne Rich, Allen Ginsberg, Langston Hughes and Wallace Stevens have been among the poets whose work recently became available in electronic format. And Random e-book poetry iPad kindle newswrap TO DO Sat, 18 May 2013 16:00:58 +0530 TODO http://www.deccanchronicle.com/130518/news-businesstech/article/ministry-asks-airlines-limit-number-privileged-seats New Delhi: The Civil Aviation Ministry on Friday asked all airlines to limit the number of 'privileged' seats for which they could charge a fee, with a few carriers imposing price tags on a very large number of them. At a meeting with top officials of all airlines here, the Ministry also asked aviation Civil aviation ministry flights airlines TO DO Sat, 18 May 2013 12:01:48 +0530 TODO http://www.deccanchronicle.com/130518/news-businesstech/article/panel-seeks-single-regulator-chits New Delhi: Against the backdrop of recent chit fund controversy in West Bengal, a Parliamentary committee on Saturday slammed such schemes with demands for putting in place a single regulator to oversee their functioning or scrapping them altogether. The Parliamentary Standing Committee on finance West Bengal Parliament SEBI Yashwant Sinha TO DO Sat, 18 May 2013 11:11:59 +0530 TODO http://www.deccanchronicle.com/130517/news-businesstech/article/brain-decides-which-ear-used-cell-phone Washington: Scientists have discovered a strong correlation between brain dominance and the ear used to listen to a cell phone. Those who are left-brain thinkers most likely use their right hand to hold their cell phone up to their right ear, according to a new study from Henry Ford Hospital in best picks brain cellphones mobile phones TO DO Fri, 17 May 2013 17:00:57 +0530 TODO http://www.deccanchronicle.com/130517/news-businesstech/article/sp-warns-india-rating-downgarde-retains-negative-outlook   New Delhi: Global agency Standard & Poor's on Friday warned that it may downgrade India's sovereign rating to junk grade if the government fails to pursue reforms and check deterioration in fiscal and current account deficits. While retaining India's sovereign rating at 'BBB-' with a Standard & Poor's India credit rating economy investment fiscal deficit TO DO Fri, 17 May 2013 16:44:21 +0530 TODO http://www.deccanchronicle.com/130517/news-businesstech/article/uninor-recognised-best-working-place New Delhi: International NGO Social Accountability (SAI) has conferred Indian telecom operator Uninor SA8000 certification for complying workplace standards based on International Labour Organisation and UN conventions. "The SA8000 is the world's first auditable social certification standard for Uninor Social Accountability SA8000 certification workplace standards International Labour Organisation newswrap TO DO Fri, 17 May 2013 15:26:24 +0530 TODO http://www.deccanchronicle.com/130517/news-businesstech/article/facebook-and-twitter-jump-google-glasses San Francisco: Facebook and Twitter launched applications Thursday for Google glasses as developers rushed to learn more about tailoring software for the Internet-linked eyewear yet to hit the market. "Built by Facebook, this app allows you to upload photos from Google Glass directly to your Facebook twitter Google Glass newswrap best picks google TO DO Fri, 17 May 2013 14:50:13 +0530 TODO http://www.deccanchronicle.com/130517/news-businesstech/article/nasa-google-buy-new-quantum-computer Washington: NASA and Google has unveiled a superfast quantam computer which can perform complex operations, cure diseases, stop global warming and can drive a car, according to media reports. It is the second such supercomputer to be made by a Canadian company named D-Wave in Nasa’s arms research quantam computer google NASA super computer D-Wave best picks TO DO Fri, 17 May 2013 11:08:14 +0530 TODO http://www.deccanchronicle.com/130517/news-businesstech/article/life-saving-drugs-get-cheaper New Delhi: Prices of 348 medicines, including life saving drugs will be cheaper soon by up to 80 per cent as the new drug price control order has come into effect. Industry experts have said that the implementation of the new drug policy will lead to slashing of prices of many anti-cancer and anti drug policy drugs medicines National Pharmaceutical Pricing Policy essential drugs HIV Hepatitis health healthcare cancer TO DO Fri, 17 May 2013 09:54:32 +0530 TODO http://www.deccanchronicle.com/130517/news-businesstech/article/satyam-declares-dividend-first-time-after-4-years Hyderabad: Software services provider Mahindra Satyam’s net profit fell 15 per cent at Rs 454.12 crore for the fourth quarter ended March 2013 because of a higher tax burden, the company said on Thursday. Profit for the same period in the previous fiscal was at Rs 534 crore, Vineet Nayyar chairman Mahindra Satyam Satyam Tech Mahindra dividend income TO DO Fri, 17 May 2013 09:39:20 +0530 TODO http://www.deccanchronicle.com/130517/news-businesstech/article/demand-surges-gold-price-dips New Delhi: Gold demand in India rose 27 per cent during the January-March quarter of 2013 as people lined up to cash in on the fall in the prices of yellow metal, said World Gold Council on Thursday. According to a survey by WGC, the demand for gold bars and coins rose by a whopping 52 per cent World Gold Council Gold Gold prices TO DO Fri, 17 May 2013 09:32:05 +0530 TODO http://www.deccanchronicle.com/130517/news-businesstech/article/uk-%E2%80%98sweetheart%E2%80%99-tax-deal-upheld London: The United Kingdom high court on Thursday upheld the legality of the 'sweetheart' tax deal between Britain’s tax department, the HM Revenue and Customs, and American investment bank, Goldman Sachs, and rejected the legal challenge brought by campaign group UK Uncut. The deal with the tax  Goldman Sachs tax United Kingdom Britain TO DO Fri, 17 May 2013 09:18:50 +0530 TODO http://www.deccanchronicle.com/130516/news-businesstech/article/mercedes-launches-gl-class-suv-priced-rs-775-lakh   New Delhi: German luxury car maker Mercedes Benz on Thursday launched a premium sports utility vehicle GL-Class priced at Rs 77.5 lakh (ex-showroom Delhi) to strengthen its position in the Indian market. In order to connect better with the Indian customers, the company is also using former Mercedes Benz vehicles SUV Mercedes TO DO Thu, 16 May 2013 15:53:37 +0530 TODO http://www.deccanchronicle.com/130516/news-businesstech/article/google-debuts-music-service-mobile-gadgets   San Francisco: Google rolled out a music service for smartphones and tablets powered by its free Android software, in a challenge to streaming radio firms such as Pandora and Spotify. The launch of Google Play All Access came at the kickoff of a packed developers conference, which features a Google Play All Access google Android Larry Page Smartphones tablets newswrap TO DO Thu, 16 May 2013 10:49:11 +0530 TODO http://www.deccanchronicle.com/130516/news-businesstech/article/reserve-bank-spreads-joy-among-investors   Mumbai: The Sensex and Nifty had a spectacular rally on Wednesday scaling their highest levels since January 2011 on hopes that the Reserve Bank would cut its policy rates in June after the April wholesale price index fell sharply to 4.89 per cent much below the apex bank’s comfort level of 5 wholesale price index Sensex Nifty BSE RBI Reserve Bank TO DO Thu, 16 May 2013 09:12:13 +0530 TODO