Tag Archives: in

Apple Overtakes Xiaomi in India Smartphone Shipments: IDC

New data released by International Data Corporation (IDC) for Q4 2015 finds that Apple overtook Xiaomi in the Indian smartphone market in terms of units shipped. Samsung, on the other hand, continued to be the top smartphone vendor in India followed by Micromax, Lenovo (and Motorola), Intex, and Lava. According to IDC’s monthly city level smartphone tracker, the leading 30 ... Read More »

Apple’s New San Francisco Office Could Be a Tool in Tech Talent Wars

From Apple’s earliest days, executives insisted that employees work from its headquarters in sleepy suburban Cupertino. The thinking, championed by Steve Jobs, was that a centralized campus would put the CEO “within walking distance of everyone,” said Steve Wozniak, who founded the company with Jobs. That stance may finally be softening as Apple prepares to open chic new offices in ... Read More »

Apple Digs in for Long Fight, Lawyer Says ‘There Is No Middle Ground’

Ted Olson didn’t say exactly what he wants Congress to do about US efforts to enlist Apple in cracking criminals’ encrypted iPhones, but he made one thing clear: Apple doesn’t work for the government. “There isn’t a middle ground that I know of” to force Apple to “redesign its iPhone,” Olson, a lawyer for the company, told Bloomberg Television’s Emily ... Read More »

1% Cut in Corporate Taxes to Cost Exchequer Rs 15K crore: Adhia

New Delhi: Finance Ministry today said it refrained from reducing the corporate tax rate by 1 per cent in 2016-17 Budget as it would have resulted in revenue sacrifice of Rs. 15,000 crore and impacted the fiscal consolidation programme. “The Finance Minister had his own limitations in terms of resources… You know how much the bill is going to come ... Read More »

Possession Of House Delayed? Some Income Tax Relief in Budget

The Budget 2016-17 announced some relief to home buyers who were losing out on income tax benefits on home loan due to a delay in possession of their house. According to current tax laws, if possession of the house is received more than three years from the end of the financial year in which the housing loan was taken, then ... Read More »

IMF Pegs India Economic Growth Rate at 7.5% in 2016-17

India’s economic growth rate should pick up to 7.5 per cent in fiscal year 2016-17, the International Monetary Fund said on Wednesday, aided by a collapse in oil prices and relatively low exposure to current global financial turbulence. Summing up its latest review of Asia’s third-largest economy, the IMF forecasts that economic growth would pick up from 7.3 per cent ... Read More »

PF Tax: 25-Year-Old May Have To Pay Rs 56 lakh in Taxes on Retirement

Finance Minister Arun Jaitley’s Budget proposal to tax 60 per cent of Employee Provident Fund withdrawals has come in for huge criticism. EPF, a popular investment instrument for millions of salaried employees, has 3.7 crore subscribers. (Read) The proposal to tax EPF withdrawals, according to the tax bracket of employees, could set back employees by lakhs of rupee, according to ... Read More »

Why Arun Jaitley Mentioned Rahul Gandhi In His Budget Speech

Rahul Gandhi had written to Arun Jaitley asking for tax exemption on Braille paper (File photo) New Delhi: Presenting his Budget 2016, Finance Minister Arun Jaitley said today that he had accepted a suggestion from Rahul Gandhi, which led to smiles in the Opposition benches. The Congress Vice President had written to the Finance Minister asking for tax exemption on ... Read More »

Apple, FBI Clash in US Congress Over iPhone Encryption

The battle between the FBI and Apple over encryption moved to Congress on Tuesday, with both sides arguing security is at risk in the legal wrangling over accessing a locked iPhone. FBI chief James Comey defended his agency’s efforts to force Apple to help unlocking a iPhone in the San Bernardino attacks probe, saying that law enforcement’s job may be ... Read More »

India’s Mobile Phone Production Rises to 110 Million in 2015-16: Prasad

Mobile phone production in the country has more than doubled to 110 million in 2015-16 on the back of duty rationalisation announced in the previous Budget, Telecom Minister Ravi Shankar Prasad said Tuesday. The minister said 16 new mobile manufacturing units have been set up during the financial year. “In 2014-15, the mobile units manufactured in the country was 5.4 ... Read More »