Business

Tata Consultancy Services (TCS), Cognizant and Infosys have emerged as the top employers in the IT-BPO sector, according to a list of 20 leading companies released by industry body Nasscom."About 1.25 million, little more than the one-third of current workforce of IT and BPO employees were employed in these 20 firms during 2014-15 financial year," Nasscom president R Chandrashekhar said here on T...

Certain foreign companies have failed to clear tax dues, and a list of defaulters is being compiled for necessary action, Parliament was informed today.The income tax department has assessed as many as 8,354 foreign companies in India."There have been instances where certain foreign companies have failed to pay taxes due from them. The company-wise and year-wise details of such companies that hav...

Oriental Bank of Commerce (OBC) has reduced interest on term deposits by 25 basis points on select maturities with effect from July 27.In a BSE filing on Saturday, the public sector bank said it has reduced the pricing of short-term deposits of below Rs 1 crore to 6.50 per cent from 6.75 per cent on a maturity of 46 to 90 days.The bank has reduced interest on 91 to 179 days deposits by 25 basis p...

Fifa has admitted the corruption scandal is putting off new World Cup sponsors and plans to hold a summit with existing backers in August.Secretary-general Jerome Valcke said: "The current situation doesn't help to finalise any new agreements."Earlier, key sponsor Visa lambasted Fifa for a "lack of awareness" of the seriousness of corruption charges.This week, Fifa said it would set up an 11-stro...