India Inc faces higher gratuity provisioning

Over 50 per cent of Indian companies will have to make higher provisions in their balance sheets as gratuity expenses. This follows last week's Union Cabinet decision to raise the tax-free ceiling......

Companies gear up for brisk festive sales

Going by the initial signs, companies across categories such as consumer goods, retail, automobiles and real estate could be in for happy times this festive season. Consumers have begun thronging......

India to beat US to become No.1 in ACs: LG

Korean consumer durables major LG on Friday said it will invest Rs 800 crore (Rs 8 billion) in 2011 to add capacity and for other purposes in India, which it expects will become its largest......

P N Dhoot wins 'Man of Electronics' award

Pradeep N Dhoot, president, Videocon International, has been awarded the 'Man of Electronics' award, instituted by the Consumer Electronics and TV Manufacturers Association.Minister of State in the......