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Sunil Mittal calls for a timeout in India's billionaire brawl

Sunil Mittal has termed the situation as 'dire' and seeks help from telecos, regulators & the apex court.

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Dec 12, 2019, 10.13 AM IST

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Setback for India as WTO extends nil tax on e-transmissions

As per an UNCTAD study, India’s potential loss of revenue by not taxing electronic transmissions is around $500 million every year. Of the total $8 billion of potential tax losses projected for 58 developing countries, Mexico, Thailand, Nigeria, India, China and Pakistan face the highest losses, revealed the research paper.

ePharma startups ‘sensitive’ to data Bill definition

Firms seek better definition of ‘sensitive’ health data and guidelines for anonymised da...

Cyril Amarchand Mangaldas acquires M&E Practice of Ashni Parekh

"The acquisition of Ashni's Practice is in keeping with the firm's focus on s...

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  • ReNew Power will hold a 51 per cent equity under the partnership, while the balance will be held by GS E&C. The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV auctions concluded earlier this year.

    The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV auctions concluded earlier this year.

    TiE said under Kali’s leadership its Hyderabad chapter steered activities and programs to increase impact and enhance of the scope. The chapter under his guidance won several global accolades and awards. His notable ‘TiE Cohorts’ program brought a radical shift in the cohesiveness of the group and bagged TiE Global’s most innovative new program award in 2018.

    The newly opened Centre of Excellence (CoE) will collaborate for virtual simulation in upcoming technology areas to improve performance, reliability and create an ecosystem to encourage R&D and entrepreneurship in the ACES mobility space in India. STPI intends to set up 21 such CoEs across India and this is the fifth such centre. STPI is set up by MeitY in 1991.

    Hafiz Saeed is the founder of Lashkar-e-Taiba (LeT), or the Army of the Pure, a militant group blamed by the United States and India for the four-day Mumbai siege, in which 160 people were killed. The dead also included several foreigners, including Americans.Pakistan's counter terrorism police arrested Saeed in July.

    Amazon plans to achieve its goal through a combination of formats including Amazon Fresh and Amazon Pantry and delivery of daily items from brick-andmortar outlets of partner retailers More, Future Group. The long-term goal for Amazon is to turn India into the largest overseas subsidiary for the Seattle-based company.

    On the B2B side, the proposed platform will also provide funds and have access to cash flows, helping buffer businesses against shocks. Funding and payments have been a major area of concern for MSMEs and the government is looking at models that can help MSMEs.

    E-way bill generation blocked as traders fail to file returns amid shutdown. The government said it was looking into the matter on a case-by-case basis and that if the traders had not been able to file returns after July, their suspension would be lifted within two days.

    Piyush Goyal said that a draft policy covering various areas of e-commerce has been prepared and put out in public domain for comments.

    "Against Sl. No. 15.2.3, for entry (p), the following entry shall be substituted, namely-(p) e-commerce marketplace entity with FDI shall have to obtain and maintain a report of statutory auditor by 30th of September every year for the preceding financial year confirming compliance of the e-commerce guidelines," the gazatte notification said

    Nirmala Sitharaman recently asked states to scrap APMCs and join eNAM to help farmers get better price realisation of their produce. APMC is a marketing board meant to moderate prices and prevent big traders from exploiting farmers. Officials said business transactions are growing and more than 150 commodities are being traded on the electronic platform.

    The step comes at a time when e-tailers are facing rigorous regulatory scrutiny over various practices, particularly over having lopsided contracts favouring some merchants. A merchant, who sells independently on the marketplace and also supplies to Amazon-backed seller firms, said he has used seeding to improve search results.

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