KKR to acquire 2.32% stake in Reliance jio platforms for Rs 11,367 cr
KKR, the global investment firm based in New York, will invest Rs 11,36...
Genpact says volumes shot up during Covid-19 crisis
The company said all business verticals -- banking and capital markets, insurance, life s...
Haryana to permit industry on weekly basis during lockdown
Sharing more details of the same, an official Spokesman said that as per the lates...
Govt waives off four months rent for IT units operating out of software tech parks
Union minister of electronics and IT, Ravi Shankar Prasad said, "IT units/ startups operating from 60 STPI Centers across India have been granted waiver from paying rental for period between 01.03.2020 and 30.06.2020. This will benefit nearly 200 small & medium IT/ITeS units supporting 3000 direct jobs."
Nasscom urges Centre to reimburse "paid leave" given to staff during lockdown
The body requested the FM to allow expenses incurred by companies in enabling Work from Home (WFH) for its employees as an eligible business expense. Currently such expenses are classified as perquisites as a result of which employees are liable to pay tax.
Allow surplus staff layoffs, flexible shifts: IT to states
Industry lobby group National Association of Software and Services Companies (Nasscom) has sought furloughs and temporary layoff of surplus employees, relaxing daily and weekly work-hour limits, allowing women to work at night from home and a self-declaration regime to comply with government rules.
Commercial leasing to grow across 7 major cities over 4 yrs
According to Colliers International, between 2020-24, the office space is expected to witness average annual gross absorption of 5.1 million sq metres, outpacing the annual average gross absorption of the preceding five-year period by about 14%.
TCS continues strategy to consolidate workspaces despite work-from-home plans
The software services exporter is planning to set up an over 4 million sq ft IT park spread over a 50-acre plot in Noida and is in the process of constructing its own 1 million sq ft park in Pune’s Hinjewadi. It has
Randstad, Adecco Group, ManpowerGroup, Gi Group join forces to help India get back to work safely
The alliance's actions will be focused on sharing best practices on health and safety protocols, which can be used by organisations, to support a safe return to workplaces throughout India, a joint statement said on Wednesday.
Covid-19 outbreak: Tech companies talk to hotels to board staff
Hotel chains, however, are currently unable to accede to their requests due to the lockdown restrictions imposed in view of the Covid-19 virus outbreak.
CBDT notifies safe harbour rates for 2019-20 fiscal
Transfer pricing implies the prices at which various overseas divisions of a company transact with each other. Generally, safe harbour is defined as circumstances in which the tax authority shall accept the transfer price declared by the taxpayer to be at arm's length.
Extremely mobilised on GSTN project, working closely with GST Council: Infosys
"It's at full speed, even in this remote working situation. And we're making every attempt to make sure all of those discussions that we were part of, we are executing upon...As of now, we have everything fully mobilised," Parekh said.
IT companies want government to release past dues to tide over coronavirus crisis
According to a study by industry lobby group Nasscom in 2017, the central government as well as several state governments and public sector undertakings owed close to Rs 5,000 crore for just technology projects to the IT industry.
Will continue with WFH, critical staff present on premises: HCL Tech
While home ministry guidelines had allowed IT-ITeS companies to operate with up to 50 per cent strength from April 20, many states including Karnataka and Uttar Pradesh have continued imposition of full lockdown.
IT-BPM firms may continue work from home till May 3
Industry body Nasscom had advised members that where state-specific approvals come in, members should look at a staggered approach and start with 15-20 per cent workforce in the first phase, and subsequently scale it up depending on the situation on ground.
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