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Dolce Gabbana cleared in Italian tax-evasion case

Oct 24, 2014 at 23:17 | Source: BBC

Domenico Dolce and Stefano Gabbana, founders of the Dolce Gabbana fashion house, have been cleared by Italy's top court of tax evasion. Two lower Italian courts had found the two guilty of failing to declare millions of euros the company had ear...

Prada bosses under investigation for alleged tax evasion

Oct 24, 2014 at 23:17 | Source: BBC

Prada's two chief executives are being investigated by Italian authorities for possible tax evasion, the company said. Miuccia Prada and Patrizio Bertelli are being examined over the accuracy of certain past tax filings by them as individuals in...

UK told to pay £1.7bn extra to European Union budget

Oct 24, 2014 at 20:42 | Source: BBC

The UK has been told it must pay an extra £1.7bn (2.1bn euros) towards the European Union's budget because the economy has performed better than expected in recent years. The payment follows new calculations by the EU that determine how much ea...

Banana splits as Chiquita chops merger with Fyffes

Oct 24, 2014 at 20:42 | Source: BBC

Shareholders in banana company Chiquita have voted against a merger deal with Irish rival Fyffes. As a result, Chiquita will enter talks with Brazil's Cutrale and Safra following its $14.50 a share offer. The announcement sent shares in Fyffes d...

PM Modi's visit to Sabarimala will hopefully end the numerous woes of the shrine

Oct 24, 2014 at 16:17 | Source: FirstPost

The hill abode of Sri Ayyappan in the Western Ghats has become one of the most-visited temples in India, and it is in the list of places where the most places converge in the world (Source: The Economist, 2013). Unfortunately, it is also a testament ...

Digital Indians: How Ruchi Sanghvi engineered her rise

Oct 24, 2014 at 12:47 | Source: BBC

When Ruchi Sanghvi arrived at the Facebook office in California for a job interview in 2005, she found a menu card outside saying: Looking for engineers. The start-up was located above a Chinese restaurant in downtown Palo Alto. It was a modest-looki...

Bangalore: India's IT hub readies for the digital future

Oct 24, 2014 at 12:47 | Source: BBC

The poster child of India's globalisation, Bangalore is where the country's IT industry began its dramatic success story. Once known for its lush farmlands, it's now home to some of the best international and domestic technology compan...

Google’s doodles: Who's behind them?

Oct 24, 2014 at 12:47 | Source: BBC

The occasional artistic doodles that replace the Google logo are seen by hundreds of millions of people. But who are the brains behind them? A playable Les Paul guitar, a Pac-Man game and a keyboard in celebration of Robert Moog. These are just some ...

Qantas back on track to earn a profit

Oct 24, 2014 at 10:07 | Source: BBC

Australia's troubled national carrier Qantas said it is on course to deliver its first pre-tax profits this year in the three months to September. The news comes after the firm reported a net loss of 2.8bn Australian dollars ($2.6bn; £1.6bn) fo...

Facebook ducks tax in Britain

Oct 24, 2014 at 07:27 | Source: Calcutta Telegraph News

London, Oct. 23: Facebook reignited the row over the multinational tax avoidance on Wednesday after its UK accounts showed that it had not paid the corporation tax in Britain for the second year in a row and received a �182,000 credit from the tax...

Mahindra Fin in merger mode

Oct 24, 2014 at 07:27 | Source: Calcutta Telegraph News

Calcutta, Oct. 23: Mahindra Mahindra Financial Services, which finances passenger and commercial vehicles as well as tractors, has decided to merge its wholly owned subsidiary Mahindra Business Consulting Services Private Ltd (Mahindra Business) wit...

Tesco shares slump after raised profit error

Oct 24, 2014 at 07:27 | Source: BBC

Tesco shares closed the day 6.5% down after the firm announced that its profits have been overstated by £263m. That is up from an initial estimate made last month of £250m. Those figures were released along with results for the first half of the fi...

Brazil's Cutrale and Safra up bid for Chiquita bananas

Oct 23, 2014 at 23:32 | Source: BBC

Brazil's Cutrale and Safra groups have upped their bid for banana giant Chiquita after a previous offer was rejected earlier this month. The new bid of $14.50 a share values the company at about $680m (£424m), 4% higher than the previous offer....

Tesco, what went wrong?

Oct 23, 2014 at 14:12 | Source: BBC

Apologies, but this is going to be a longer blog. Maybe mega-blog would be a better description. I have spent the last few weeks speaking to many people who are closely involved in Tesco - or were. I have also spoken to analysts and commentators to b...

Tesco chairman to quit over profits error

Oct 23, 2014 at 14:12 | Source: BBC

Tesco chairman Sir Richard Broadbent has announced that he will be leaving the firm, following the firm's announcement of a bigger-than-forecast hole in its profits. Tesco now says that profits in the first half of the year were overstated by £...

GlaxoSmithKline shares up as profits beat forecasts

Oct 22, 2014 at 22:16 | Source: BBC

GlaxoSmithKline's shares rose 4% after its third-quarter results beat expectations and it pledged to return an additional £4bn to shareholders via a special share scheme. The UK pharmaceuticals giant reported a pre-tax profit of £548m for the ...

Modi regime continues UPA's 'disingenuity' on offshore black money (News Analysis)

Oct 22, 2014 at 17:15 | Source: FirstPost

New Delhi, Oct 22 (IANS) Over three years ago, the Supreme Court had described as "disingenuous" the then UPA government's argument, now being parroted by the Narendra Modi government, that the "confidentiality" clause in the Doub...

Japan's export growth fails to narrow trade deficit

Oct 22, 2014 at 15:37 | Source: BBC

Japan's trade deficit edged higher in September despite exports rising at their fastest pace in seven months. Exports jumped 6.9% from a year earlier to 6.38tn yen ($60bn; £38bn), while imports rose 6.2% to 7.34tn, leaving a deficit of 958.3bn ...

Terry Walsh stays as India hockey coach after SAI promises new contract

Oct 22, 2014 at 15:33 | Source: FirstPost

New Delhi: A day after his dramatic announcement to quit, India's chief hockey coach Terry Walsh today withdrew his resignation after a meeting with top sports officials, who have assured the Australian that his concerns will be addressed in a fresh ...

Media assess government efforts to boost economy

Oct 22, 2014 at 14:17 | Source: BBC

Media in India are weighing up government efforts to boost the economy and attract foreign investment. The New Indian Express reports that PM Narendra Modi's administration has identified eight bottlenecks in sectors where reforms are required i...

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