On August 3, the Rajya Sabha or the Upper House of India's Parliament passed the much discussed and much awaited Goods and Services Tax (GST) bill. Labeled as a landmark tax reform, the Goods and Services Tax will replace a plethora of various state and federal taxes such as VAT, sales...
DreamWorks Animation Outsources Engineering Services to India
DreamWorks Animation has inked a strategic engineering services partnership with Indian outsourcer Infosys which will deploy its global talent pool available across cloud, big data, Java and open source capabilities to develop next generation solutions based on DreamWorks’ technologies. DreamWorks Animation CEO Jeffrey Katzenberg said he was confident that Infosys...
Forbes Names 5 India Firms on 50 Most Innovative List
Larsen & Toubro, Hindustan Unilever, Infosys, Tata Consultancy Services and Sun Pharma have made it on Forbes magazine’s list of world’s 50 most innovative firms. L&T led the list as 9th place, followed by HUL (12th), Infosys (19th), Tata Consultancy Services (29th) and Sun Pharma (38th). Note that Hindustan Unilever...
Mumbai, Delhi spawn India's Richest Persons
According to the latest tally of India's richest persons by Forbes Magazine, Mumbai (formerly Bombay) is home to 45 of the 100 most wealthy Indians, including Mukesh Ambani, the richest man in India. In my book I noted how almost 40 percent of India's personal income taxes are collected in...
Worlds most ambitious people database launches in India
This week, Infosys co-founder and billionaire Nandan Nilekani stood watch as the first step of the "Unique Identification Authority of India" database of every Indian citizen took its first step to reality in the field. Nilekani retired from Infosys to take on this role last year and the position has...