Infosys on Tuesday has signed an Advance Pricing Agreement (APA) with the US Internal Revenue Service (IRS), reducing its tax burden in the US by one percentage point till 2021 and giving clarity on tax obligations in the country.

Under the APA, Infosys and the IRS have agreed on the methodology to allocate revenues and compute the taxable income of the company’s US operations.

NEW DELHI: The Supreme Court on Tuesday revoked its interim order on mandatory playing of national anthem before movie screenings in cinema halls after multiple instances of vigilante patriotism.

This comes a day after the Centre filed an affidavit informing the top court that it was in favour of modification of the November 2016 order, a complete turnabout from its previous stand on the issue.

Delhi-National Capital Region (NCR) is likely to generate about 1,50,000 metric tonnes (MT) of e-waste per annum by 2020 from the current level of 85,000 metric tonnes, according to industry body Assocham. E-waste is expected to be generated at compounded annual growth rate (CAGR) of about 25 per cent in the Delhi-NCR region, the industry body said. The chamber attributed factors like low organised recycling, cross-border flow of waste equipment into the country, limited reach out and awareness regarding disposal, and lack of coordination between various authorities for non-involvement of municipalities in E-waste management.

Ola and ICICI Bank to take hold of the ever-growing travel market on Tuesday signed a MoU to bring forth a range of integrated offers for their customers and driver partners. Through this alliance, both the companies will bring together their respective technology platforms to offer Ola booking facility on the bank’s mobile banking platform.

Engineering major Larsen & Toubro today said it has commissioned and handed over the 360 MW Bheramara power plant in Bangladesh.

The Bheramara Combined Cycle Power Plant Development project was handed over to North West Power Generation Company Ltd (NWPGCL), a fully-owned subsidiary of Bangladesh Power Development Board (BPDB), on January 5, 2018, it said in a BSE filing.

India will launch ISRO's 100th satellite along with 30 others in a single mission on January 12 from Sriharikota, in a milestone event in the country's space history. The Indian Space Research Organisation (ISRO) said it was "back in the game" with the launch, the first Polar Satellite Launch Vehicle (PSLV) mission after the unsuccessful launch of the navigation satellite IRNSS-1H in August last.

In a relief for Indian techies, US authorities today said that the Trump administration is not considering any proposal that would force H-1B visa holders to leave the country.

The announcement by the US Citizenship and Immigration Services (USCIS) came days after reports emerged that the Trump administration was considering tightening H-1B visa rules that could lead to deportation of 7,50,000 Indians.

GENEVA: India hit back on Monday at Washington's latest legal assault on its solar power policies+ at the World Trade Organization, rejecting a US legal claim and exploring possible new protection of India's own solar industry.

Last month, the United States had triggered a new round of litigation at the WTO, arguing that India had failed to abide by a ruling that it had illegally discriminated against foreign suppliers of solar cells and modules.

NEW DELHI: The government will push ahead with the stake sale in Air India and hopes to wrap up the transaction by June, according to government sources.

The Union Cabinet gave an in-principle approval for Air India's strategic disinvestment in June last year and a panel of ministers headed by FM Arun Jaitley is now devising the strategy for executing the sale.

New Delhi: The Supreme Court on Monday agreed to revisit its 2013 ruling criminalizing consensual sex between same sex adults, clearing the way for a fresh round of debate on a controversial colonial-era law governing homosexuality in India.

This follows the apex court’s August judgement which held privacy to be a fundamental right, extending its scope to the sexual orientation of a person as an essential attribute.

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