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May 24, 2013
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EU plans to remove banking secrecy to crackdown on tax evasion
The heads of state and government of the 27-nation EU, at a one-day summit in Brussels yesterday.
Nikkei faces worst intra-day fall in 2 years, plummets 7.32%
The sharp turnover in the Japanese stock market prompted investors to seek safety in government bonds.
Securing company data on employees' devices a challenge: Study
The joint study titled 'Reinventing the Network in the Context of Security' found respondents saying that current generation of security capabilities implemented by companies can protect them from traditional threats.
Zicom eyes consolidated revenue of Rs 1,000 cr by FY'15
The company's net profit rose 43.62 percent to Rs 2.14 crore in the quarter ended March 2013 as against Rs 1.49 crore during the previous quarter ended March 2012.
Vodafone India's FY'13 adjusted operating profit at Rs 1,853 cr
Vodafone India revenues also rose by 1.17 percent to GBP 4.32 billion (about Rs 361.9 billion) from GBP 4.27 billion (about Rs 357.7 billion) during the same period.
Yahoo revamps Flickr, offers free terabyte storage
On offer is a cleaner design, an Android app and more importantly a full free terabyte of storage.
Hector Beverages raises $8 mn for expansion
Hector recently closed an USD 8 million investment round led by Sequoia Capital.
Govt gets power to arrest service tax defaulters
Service tax evaders beware! Failing to deposit this tax may attract arrest and imprisonment up to seven years.
Infra space: Crisil for more policy, regulatory reforms
With the government earmarking USD 1 trillion for infrastructure over the next five years, Crisil has pitched for urgent reforms in policy and regulatory areas to ensure that benefits of the progress achieved reach the bottom of the pyramid.
DIPP wants relook of FDI policy in pharma at PM level
With no let up in multinationals seeking nod to acquire stake in Indian pharma firms despite government putting norms to check it, DIPP has raised concerns stating the FDI policy in the sector needs a relook again at the Prime Minister's level.
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