Kawasaki has launched the updated Ninja 300 in the Indian market. Priced at Rs 3.37 lakh, the refreshed model is significantly costlier over the previous model, as it was priced at Rs 3.37 lakh (All prices ex-showroom). Do note, that the Japanese two-wheeler maker had launched the BS6 version of the Ninja 300 last year […]

New Delhi [India] April 16 (ANI/PNN): Rapz, a flagship brand of Smart Tech Overseas has announced the launch of two new models "Rapz Smartwatch - Active 200 Pro & Active 1000 BT calling watch.

Realme, the Chinese tech giant, has officially launched the Pad Mini tablet in the Philippines. Realme’s latest offering is a compact model, which includes a Unisoc processor and supports 4G connectivity. It gets a new slim design, dual speakers and will be offered in two colours – blue and grey. The device is now available […]

Realme Pad Mini tablet has been teased in the Philippines. The device is listed on the Lazada website, revealing its key specifications. A known tipster who goes by the name of Abhishek Yadav has revealed that Realme Pad Mini will also be launched in India soon. Realme Pad First Online Sale Today at 12 Noon via […]

New Delhi [India], February 28 (ANI/BusinessWire India): Luminous power technologies, the innovation leader in power solution business, is excited to announce the launch of a new inverter series "Li-ON", an integrated Inverter with Lithium-ion batteries.

New Delhi Feb 25 PTI A team from Indian conglomerate Vedanta has visited Pune to survey the feasibility of setting up its electronic chip plant in the district a government official said on Friday Vedanta Group firms have applied for setting up semiconductor and display manufacturing units in the country under the governments incentive scheme A team from Vedanta visited Pune on Thursday They were just assessing the place and the ecosystem for their proposed semiconductor unit an official from the Maharashtra Industrial Development Corporation MIDC said An e-mail sent to Vedanta on the matter did not elicit any reply Vedanta has earmarked USD 15 billion for foray into the electronic chip and display manufacturing space and plans to scale up the investment to as much as USD 20 billion about Rs 15 lakh crore It expects to roll out display units for use in mobile phones and electronics devices by 2024 and electronic chips from Indian manufacturing plants by 2025 Pune has manufacturing plants of several automobile companies Vedanta has plans to initially make 28 nanometer electronic chips that can be widely used in mobiles power and automotive products Vedanta had in 2016 proposed to set up an LCD screen plant in Maharashtra with an investment of USD 10 billion but it could not take off due to the absence of technology tie-ups The Anil Agarwal-led group later acquired display manufacturing company Avanstrate which addresses the technology issue that Vedanta faced earlier PTI PRS ANZ ABM ABM

New Delhi Feb 22 PTI The Supreme Court Tuesday held that granting freebies to doctors by pharmaceutical companies to boost sales of medicines is clearly prohibited by law and dismissed a plea of a firm seeking deduction under the Income Tax Act on account of giving incentives to medical practitioners The top court termed as a matter of great public importance and concern the manipulation of doctors prescriptions in lieu of freebies offered to them by pharmaceutical companies ranging from gifts such as gold coins fridges and LCD TVs to funding international trips for vacations or to attend medical conferences A bench comprising justices U U Lalit and S Ravindra Bhat dismissed the appeal of Ms Apex Laboratories Pvt Ltd against the order of the high court and in the verdict it also dealt with a tricky legal issue where tax deduction on account of granting freebies to doctors was claimed saying though medical practitioners are restrained under the regulations from accepting such gifts it was not an offence under any law and hence companies are entitled to the tax benefit Analysing the law and regulations concerned the verdict penned by Justice Bhat said pharmaceutical companies gifting freebies to doctors etc is clearly prohibited by law and not allowed to be claimed as a deduction under Section 371 Doing so would wholly undermine public policy The well-established principle of interpretation of taxing statutes that they need to be interpreted strictly cannot sustain when it results in an absurdity contrary to the intentions of Parliament Deprecating the practice of giving freebies the bench said medical practitioners have a quasi-fiduciary relationship with their patients and their prescriptions are considered the final word on the medication to be availed by the patient even if the cost of such medication is unaffordable or barely within the economic reach of the patient such is the level of the trust reposed in doctors These freebies are technically not free the cost of supplying such freebies is usually factored into the drug driving prices up thus creating a perpetual publicly injurious cycle The threat of prescribing medication that is significantly marked up over effective generic counterparts it said and referred to reports on the issue The firm in its appeal said the amended 2002 Regulations for doctors did not apply to pharmaceutical companies While medical practitioners were expressly prohibited from accepting freebies no corresponding prohibition in the form of any binding norm was imposed on the pharmaceutical companies gifting them and in the absence of any express prohibition by law it could not be denied the benefit of seeking exclusion of the expenditure incurred on supply of such freebies under Section 371 of the IT Act Under the provision any expenditure such as payment of hapta freebies donations protection or extortion money will not be allowed as a deduction This court is of the opinion that such a narrow interpretation of Explanation 1 to Section 371 defeats the purpose for which it was inserted ie to disallow an assessee from claiming a tax benefit for its participation in an illegal activity the judgement said It is also a settled principle of law that no court will lend its aid to a party that roots its cause of action in an immoral or illegal act meaning that none should be allowed to profit from any wrongdoing coupled with the fact that statutory regimes should be coherent and not self-defeating it said Doctors and pharmacists being complementary and supplementary to each other in the medical profession a comprehensive view must be adopted to regulate their conduct in view of the contemporary statutory regimes and regulations Therefore denial of the tax benefit cannot be construed as penalizing the assessee pharmaceutical company Only its participation in what is plainly an action prohibited by law precludes the assessee from claiming it as a deductible expenditure it said In the present case the incentives given by the company had a direct result of exposing the recipients to the odium of sanctions leading to a ban on their practice of medicine it said In pursuance of the IT circular a notice was issued to the company asking as to why the expenditure of around Rs 47 crore was incurred towards gifting freebies such as hospitality conference fees gold coins LCD TVs fridges laptops etc to medical practitioners for creating awareness about the health supplement Zincovit and why it should not be added back to the total income of the company PTI SJK SJK RKS RKS

Gionee, the Chinese phone maker, officially launched the Gionee 13 Pro device in the home country. The handset’s design is inspired by Apple’s iPhone 13. The smartphone has a similar rear camera design as that of the iPhone 13 and iPhone 13 Pro handsets, flat edges, a volume rocker on the right spine and a […]

Tecno Mobile has officially launched the Tecno Spark 8T smartphone in India. The budget smartphone is priced at Rs 8,999 for the 4GB + 64GB variant. It comes as a successor to the Tecno Spark 7T which was launched in India this June. It is available for pre-order through Amazon India from today and will […]

New Delhi Nov 29 PTI In a first-ever mid-life overhaul of its old rolling stock the Delhi Metro Rail Corporation DMRC on Monday unveiled its first refurbished train which was introduced into service 14 years ago as part of its Phase-I network This exercise is part of a special drive undertaken by the Delhi Metro to retrofit and upgrade to modern standards all 70 trains which were procured by the urban transporter between 2002-2007 and the plan is to complete refurbishment of the first set of 10 trains by September next year a senior official said The first upgraded train now equipped with LCD display fire alarm system CCTV cameras inside and outside coaches and in train operators cabins emergency button charging socket for mobile phone and laptops including via USB cables new flooring and redone exterior was unveiled by DMRC Managing Director Mangu Singh at the Yamuna Bank Depot here We have unveiled today the first refurbished train which was introduced into service in 2007 The upgrade process took about two years An average life span of a metro train is about 30 years and the trains procured during Phase-I from 2002-2007 have already completed 14-19 years of their overall life span Executive Director DMRCs Corporation Communications Anuj Dayal told reporters Hyundai Rotem is the maker of the refurbished train that was unveiled today he said adding that the exercise has been carried out to upgrade the old stock to modern standards and equipping it with latest technology as many features we see in latest trains running on Phase-III network were not present in 2002-2007 period Also this is being done to increase the comfort level of commuters as the flooring had become uneven and cracks had developed at some places That has now been replaced with fibre composite boards to enhance amenities and aesthetic look Dayal added He said the DMRC endeavours to maintain its trains in fine condition through its three-day to eight-year maintenance regimen But this is a first-ever mid-life overhaul exercise that the DMRC has taken since it began operations Dayal said adding that electrical equipment has also been upgraded Delhi Metro had begun its commercial operations on December 25 2002 a day after then prime minister Atal Bihari Vajpayee had inaugurated DMRCs first stretch spanning 82 kilometre fromShahdarato TisHazari with just six stations Dayal also told reporters that DMRC trains on an average run 400-600 km a day and 16-18 hours a day The senior DMRC official said in the next 10 months the plan is to refurbish one train per month and complete the retrofitting and upgrade of the first set of ten trains by September 2022 Initially out of the 10 trains a set of seven are being refurbished at DMRCs Yamuna Bank Depot and three trains at Shastri Park Depot he said The refurbishment is being carried out by a consortium of Escorts Limiteds Railway Equipment Division and South Africa-based Naledi Rail Engineering the DMRC said TheDMRCnetworks current span is nearly 392 km with 286stationsincluding theNoidaGreaterNoidaMetroCorridor and RapidMetro Gurgaon In another milestone for theDMRCdriverlesstrain operations on 59-km Pink Line of theDelhiMetrowas started from November 25 this year Indias first-everdriverlesstrain operations on theDelhiMetros Magenta Line was inaugurated on December 28 last year by Prime Minister Narendra Modi With this the total stretch ofDMRCs network which is under driverless operations now stands at close to 97 km puttingDelhiMetroat fourth position globally among such networks officials earlier said PTI KND HDA