Rush for SEZs before DTC rolls out, ends tax sops
Companies sitting on the fence are trying to see if they can use the eight-month window still available to set up units in special economic zones. Units have to come up before March 31, 2011, to avail of income-tax concessions available for SEZ units . . . . . More

BSNL to hire 10,000 in two years
Pitroda panel had suggested BSNL to cut staff strength by 100,000.

State-run telecom major Bharat Sanchar Nigam Ltd (BSNL) is on a major recruitment drive to add 10,000 employees in its sales and marketing division. This will push the size of . . . . . More

India to get Many New Cities Soon
Dholera is one of the five similar-sized greenfield cities that India hopes to build in the next few years. The other cities are Manesar-Bawal in Haryana, Indore-Mhow in Madhya Pradesh, Dighi and Nasik-Igatpuri in Maharashtra — all along the Delhi-Mu . . . . . More

Why take it on rent if you can buy?
Rohan 30, relocated to Mumbai to explore better work opportunities a couple of years back. Since then, he's been staying in a rented accommodation and shelling out almost a third of his income every month on this. Even though he wanted to invest in a . . . . . More

Kokapet SEZ area of Hyderabad
Its Operation Kokapet that is now gaining momentum in the corridors of government offices. With the IT Special Economic Zone in this area, about 8 kms from Gachibowli, lying vacant for the last three years, the Hyderabad Metropolitan Development Auth . . . . . More

Reliance Life to hire 3,000 managers & 150,000 agents this year
As part of its expansion plan, Anil Ambani Group’s life insurance venture Reliance Life will add 3,000 sales managers to its payroll this fiscal, besides hiring another 150,000 insurance agents. “We are raising the headcount by 20 per cent in the cur . . . . . More

Affordable homes – a concept here to stay
The 2008 recession created a new segment in the real estate industry – affordable homes. Through the years of the IT driven property boom, especially from the early 2000s, a home meant stretching resources to the maximum. With sky-rocketing prices, m . . . . . More

SEZs, developers may come under MAT net
Although the revised draft Direct Taxes Code (DTC) has suggested the continuation of profit-linked incentives for existing SEZ units and developers, they are likely to come under the ambit of Minimum Alternate Tax (MAT).

The revised draft of D . . . . . More

ITeS hiring on an uptrend in Chennai
The improving business sentiment among recruiters coupled with growing market optimism has moved up Naukri Job Speak index for Chennai to 866 in June 2010 from 853 in May. On a year-on-year comparison, the job index for Chennai moved up by 19 per cen . . . . . More

GHMC Hyderabad to rope in private parties to develop city
It is common for various infrastructure projects to be developed by private developers under the Build Operate and Transfer (BOT) system. However, perhaps for the first time in the country, civic infrastructure laying of roads, water pipelines and se . . . . . More