Archives
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ALL DEALS 
August 24, 2016 New York Bars Sex Offenders From Pokemon Go
It’s the smartphone game electrifying the world but New York took steps Monday to ban sex offenders from using the app to potentially prey on child victims. The game, developed by US-based software company Niantic, a spinoff of Google, has been downloaded more than 75 million times across the United States and has gone viral […]
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ALL DEALS 
August 13, 2016 Gains from sale of inherited house taxable as capital gains
iStockPhoto I have inherited a house from my father, which he bought in 1981. I plan to sell it as I am moving out of the country next year. How will I be taxed on the gains from this? —Rajeev Bhatia The gains, if any, resulting from sale of inherited residential house shall be taxable […]
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ALL DEALS 
August 13, 2016 Cash received as gift from some relatives is tax exempt
iStockPhoto I had gifted Rs.2 lakh to my spouse, with which she bought some shares. Who will pay the capital gains tax on the sale of these shares? —Kalpesh Dhar The entire money received by an individual from any person without consideration, the aggregate value of which exceeds Rs.50,000 in a financial year (FY), is […]
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ALL DEALS 
August 13, 2016 Gains from sale of inherited property taxed as capital gains
iStockPhoto I am selling my ancestral residential property, which will fetch around Rs.30 lakh. This will be equally divided among all the heirs. What will be the tax liability of this transaction? Can this money be deposited in a savings bank account? —Jay Sinha In the absence of complete facts, we have assumed that the […]
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ELECTRONICS 
August 13, 2016 Apple Supplier Delta Electronics Plans to Quadruple Revenue From India
Taiwan-based Delta Electronics Inc expects to quadruple annual revenue from India over the next three years as it makes more power components in the country, in tune with Prime Minister Narendra Modi’s push to develop industry. Boosted by the rollout of India’s 4G broadband network, the company aims to generate about $700 million (roughly Rs. […]
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NEWS 
August 11, 2016 ShareChat raises $1.35 million from SAIF Partners, India Quotient
ShareChat is a social networking platform for vernacular language users, available in four Indian languages, namely Hindi, Marathi, Malayalam and Telugu. Photo: Bloomberg Mumbai: Bengaluru-based Mohalla Tech Pvt. Ltd, which operates the vernacular language content app ShareChat, has raised $1.35 million in a seed round of funding from SAIF Partners and existing investor India Quotient. […]
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ELECTRONICS 
August 11, 2016 No Proposal Yet From Apple for iPhone Manufacturing in India: P P Chaudhary
Apple CEO Tim Cook during his visit met Prime Minister Narendra Modi and spoke of possibilities of manufacturing, but the company has not submitted any proposal with the IT Ministry to set up its plant in India, Parliament was informed Wednesday. Cook visited Hyderabad on May 20 to launch the technology centre relating to their […]
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NEWS 
August 8, 2016 Trak N Tell gets funding from WhatsApp co-founder Brian Acton
Bits N Bytes Soft, which operates as ‘Trak N Tell’, creates products to ensure safety of passengers while travelling in their vehicle via use of telematics and connected car technologies. New Delhi: Gurgaon-based car telematics solutions start-up ‘Trak N Tell’ has raised an undisclosed sum from a group of investors, led by WhatsApp co-founder Brian […]
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NEWS 
August 8, 2016 Ola gets notice from Karnataka govt on complaints over peak hour charges
On 1 June, the state transport department gave an undertaking to court not to impound Ola. Photo: Mint Bengaluru: Barely a month after cab aggregator Ola received a permit under the Karnataka On-demand Transportation Technology Aggregators Rules 2016, the state transport department has issued a show cause notice to the company over complaints of charging […]
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COMPUTERS 
August 2, 2016 ‘Press the Big Red Button’: Computer Experts Want Kill Switch to Stop Robots From Going Rogue
Pop culture wants us to fear the artificially intelligent robot: The titular “Terminator” characters goes back in time to kill a mother and her child. Cylons of “Battlestar Galactica” fame destroy Earthly civilization and, bloodthirst not slaked, pursue the remnants of humanity through space. “The Matrix” begat two sequels and “Jupiter Ascending.” Today’s artificial intelligence […]
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COMPUTERS 
August 2, 2016 Google Looks to Protect Today’s Encryption From Future Quantum Computers
HIGHLIGHTS Google aims to protect data from future quantum computers The experiment will not compromise user security It will be replaced within two years Many tech companies like Google, Microsoft, and IBM are working on with quantum computers, and while it comes with many benefits, one of those is also a potential threat – the […]
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ALL DEALS 
July 31, 2016 Critical Flaws Found in Laptops From Several Major Manufacturers: Report
HIGHLIGHTS The researchers investigated 10 laptops from popular OEMs. Software update tools on laptops contained at least one critical flaw. HP, Dell, and Lenovo have already released fixes for vulnerabilities. Duo Labs, the research team at Duo Security, has discovered new security vulnerabilities in the software update tools preloaded on laptops of some popular brands. […]
