TRAI has suggested that by 31 December 2013, analogue television, which is currently offered by most cable operators in the country, should be completely phased-out. The implementation of the TRAI recommendation could put an additional financial burden on both viewers and service providers. This would be positive for broadcasters such as Zee, Sun TV, NDTV, Network18 and UTV, mainly due to faster rollout of digitalization.
TECH stock can have impact if the below bill is passed in U.S House
http://online.wsj.com/article/SB10001424052748703988304575413011107101860.html Legislation that passed the U.S. Senate late Thursday would significantly increase fees for skilled-worker visas, a move that would deal a financial blow to Indian technology-outsourcing companies who send thousands of employees to the U.S. each year. The measure, which was attached to a $600 million border-security spending bill that senators passed just before leaving for the August recess, would require companies who have more than half their U.S. employees on H1-B or L-1 visas to pay thousands of dollars in special new fees for each worker. Som Mittal, president of Indian technology industry trade group Nasscom, said Indian companies could face $200 million to $250 million in increased human-resources costs annually if the bill becomes law. The measure now awaits action in the U.S. House and Indian companies plan to mount a fierce lobbying campaign against it.
Pending long time would impact FIIs inflow
The Government has proposed a review of the India-Mauritius double taxation avoidance agreement. http://www.thehindubusinessline.com/2010/08/04/stories/2010080453350600.htm An investor routing investments through Mauritius into India does not pay tax on capital gains either in India or in Mauritius. The Indian tax authorities relied on certificate of residence provided by the Mauritius authorities to allow benefits under the India-Mauritius DTAA.
HP CEO resigns after sex harassment investigation http://in.reuters.com/article/idINIndia-50690220100807 The shocking announcement from the world's top personal computer maker sent its shares plunging 10 percent, as Hurd is one of the most admired executives in Silicon Valley, credited with reviving HP after the tumultuous reign of Carly Fiorina.
MPHASIS Cmp Rs.620 is owned by HP http://www.mphasis.com/ will the stock have double impact of HP CEO Resignation and border-security spending bill which is pending for approval.
