Will Facebook sound death knell for email?

Email is dead, or will be dead. That's the underlying message of CEO Zuckerberg as he unveiled Facebook's
revamped messaging system in San Fracisco on Monday.

ONGC, IOC get ‘maharatna tag’

india’s biggest fuel refining and marketing co IOC & country’s largest energy explorer ONGC are armed with
greater financial powers just before their FPOs this fiscal year.

Raju may soon be CEO of country’s first prison BPO

The state prisons department is toying with the idea of using Raju’s expertise in handling operations
at the country’s first prison BPO unit, which is all set to start operations on November 1.

TCS, Strate announce JV for ASP services in South

Africa
This joint venture with TCS, for the TCS BaNCS Securities Processing solution, will provide best-in-
class and leading-edge technology to mid-tier players in the South African market.

Australian IPL gets nod, Indian investors upbeat

Cricket Australia has approved minority private ownership in a revamped domestic Twenty20
competition to start next season, paving the way for potential Indian-based investment.

India April-Sept fiscal deficit at $29.9 billion: Govt

India's fiscal deficit from April to September was 1.33 trillion rupees ($29.9 billion), or 34.9 per cent of
the full-year target.Tax receipts were 2.33 trillion rupees and total expenditure was 5.38 trillion rupees
during the first half of the current financial year that began in April.

Pre-placement offers double across IIMs

The good times have returned at the country’s premier management institutes as the economy gets in
shape. Pre-placement offers (PPOs) for students of Indian Institutes of Management have increased
by 25% to 100% over the same period last year, when the economy was in the grip of a slowdown.

India slips 10 spots to 88th on Global Prosperity

Ranking
India has slipped 10 places to the 88th way below neighbouring China, in the World Prosperity Index
due to poor healthcare and education systems coupled with weak entrepreneurial infrastructure.
October accounts for 1/4th of total FII inflows this
year
Foreign institutional investors (FIIs) infused a record USD 6.4 billion in October, accounting for nearly
one-fourth of the total inflows came in stock market so far this year.

Income from a house liable to tax

Income earned from a house is taxable under a separate head - 'Income from House Property'. The
relevant provisions related to tax under this head are provided under Section 22 to Section 27 of the
Income Tax Act. In order to be taxable, an assessee must be the owner of the property. Further, the
property should consist of buildings or land adjacent.

India likely to see 2.3 lakh new jobs in Q4: E&Y

Six sectors, including healthcare and realty , are expected to create a whopping 2.3 lakh jobs in India
in the last three months of 2010, according to global consultancy Ernst & Young .

New Company Bill to give more power to RoC for

IPO fund usage
he new Companies Bill is likely to give more powers to the Registrar of Companies (RoC) to monitor
the end use of initial public offer (IPO) funds, a move that would require a 10-fold increase in the
strength of the RoC.

For St Xavier's College, Obama visit 'once in a

lifetime opportunity'
The excitement is palpable. The 130-year-old St Xavier's College here is waiting with baited breath for
US President Barack Obama to address 300 students on its premises Nov 7 and can't help but feel a
sense of pride for being the chosen one

Banks will now lend only 80% of home price

banks are in a wait-and-watch mode on their lending and deposit rates after the Reserve Bank of
India's decision to hike key policy rates--repo and reverse repo--by a modest 25 basis points (100
basis points=1%), it is certain that from now on, anyone applying for a housing loan from a bank will
have to pay a margin money of at least 20% of the value of the property.

Tata Tele to launch 3G in all circles this year

Tata Teleservices, India's fourth-biggest mobile carrier, will complete rollout of 3G wireless data
services across all nine telecom zones this year