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Popular Articles

Sunil Jain: Tax Advantage
Most know private sector firms are a lot more efficient than public sector ones, but a little bit of perspective is required here. According to data from the latest budget documents, public sector firms, on average, pay around a fifth more effective tax rates in comparison to their private sector counterparts. So, while public sector companies paid an effective tax rate of 25.69 per cent in 2007-08, the figure was a lower 21.28 per cent for private sector firms. The average of 22.24 per cent for all firms, of course, was much lower than the statutory 33.99 per cent. The reason for this is the tax benefits claimed, obviously more by the private sector, particularly for export profits under the Software Technology Parks of India (STPI) scheme (Rs 11,734 crore) and accelerated depreciation (Rs 14,344 crore of taxes were foregone on this account).

Pak court seeks govt response over medicines from India
A Pakistani court has sought responses from federal authorities to a petition challenging the amendment of policy to allow the import of medicines and vaccines from India.

News of the day

Raymond ends flat after a strong start
Raymond extended gains to touch a high of Rs 207 - up 6%. However, it could not hold on to gains and ended flat at Rs 197. Over 125,500 shares changed hands at the counter today.
Small Business

Yahoo! expands web-connected TV push

Yahoo! announced partnerships with television and other device manufacturers as the Internet company joins others seeking to jump from the computer to the TV screen. - Yahoo India R&D in pact with IIT - Yahoo India R&D in pact with IIT Mumbai - Yatra.Com-Yahoo! tie-up to promote portal - Yahoo! to close its offices worldwide for a week: report - Be gadget wise for 2010 - "Yahoo! top Indian News Site; ToI leading local brand" "Consumers are in love with their televisions, watching more TV, and demanding Internet connectivity to further enhance their viewing experience," said Arlo Rose, senior director of Yahoo! Connected TV. Yahoo! said the online programs known as "widgets" for the increasing number of web-capable televisions would be embedded in more models and include video on demand, social networks, games and online shopping. One year after announcing partnerships with Samsung, LG Electronics, Sony and Vizio, Yahoo! used the annual Consumer Electronics Show here to announce tie-ups with China"s Hisense, ViewSonic, MIPS Technologies and Sigma Designs. Yahoo! also announced it was releasing a widget development kit to allow developers to create their own TV widgets. Vizio"s upcoming High-definition television (HDTVs) will incorporate Yahoo! widgets as will web-connected TVs from Hisense and ViewSonic"s VMP80 media player. Yahoo! said the VMP80 media player will allow HDTV owners to view movies, TV shows, web videos, and photos and go shopping and play games with TV widgets.


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