News update 07th November,2107

I don’t judge leaders, I work with them to change lives: Satya Nadella

When Satya Nadella was a boy, his father hung a poster of Karl Marx in his bedroom. In response, his mother hung up one of Goddess Lakshmi. But the only poster Nadella wanted was of his cricketing hero, Hyderabad great M L Jaisimha. So when the man who now heads infotech giant Microsoft, which has an annual revenue of some $90 billion and market cap of almost $650 billion, cheerfully strode in for The Times of India’s editorial meeting, unfazed by a long drive in nightmarish

Source Times of India

51% of Indian women aged 15-49 anaemic, most in world: Study

Women’s health in India is facing a serious nutritional challenge, with the country on the one hand grappling with the largest number of anaemic womenin the world and on the other having to deal with diseases linked to obesity which is rapidly increasing among the fairer sex.
Findings of the new Global Nutrition Report 2017 place India at the bottom of the table with maximum number of women impacted with anaemia in the world, followed by China, Pakistan, Nigeria and Indo

Source Times of India

Apple moved offshore billions to new tax havens: Report

AN FRANCISCO: Appleshifted much of its offshore wealth from Ireland to a tax haven in the British Isles, according a review of leaked Paradise Papers documents on Monday.

Source Times of India

HDFC Standard Life IPO opens for subscription

The initial public offering (IPO) of HDFC Standard Life Insurance opened for public subscription today. The Rs 8,695 crore IPO of the company is the first initial public offering by a company promoted by HDFC, since the initial public offering of HDFC Bank in 1995. Also, this would be the third life insurance

Source Times of India

Note ban: Over 20,000 I-T returns picked for detailed probe

The Income Tax Department has picked 20,572 tax returns for “detailed scrutiny” suspecting discrepancies in incomes before and after demonetisation official sources said today.Separately, they said, the department has identified one lakh “high risk” cases of alleged tax evasion for detailed investigation According to the sources, 20,572 tax returns have been selected for detailed scrutiny after their profiles before and after demonetisation did not match. A scrutiny procedure in the I-T department parlance denotes submission of a volume of records and testimonials, after which the taxman or the assessing officer makes sure that the return filed is correct and the filer has not evaded any tax.

Source Times of India