BUSINESS
Now Paytm founder asks Indians to join Signal
"They say market has power. We are the largest market. Here in India, WhatsApp/Facebook are abusing their monopoly & taking away millions of users' privacy for granted. We should move on to @signalapp NOW. It is up to us to become a victim or reject such moves," Sharma said in a tweet.
Amazon asks SEBI, stock exchanges not to grant no-objection to Future Retail deal
In a letter to Tyagi, Amazon.com NV Investment Holdings said, "We write to inform you that the Singapore International Arbitration Centre (SIAC) has constituted the arbitral tribunal in the arbitration proceedings initiated by Amazon against inter alia FRL, Kishore Biyani and Rakesh Biyani.
OYO's European vacation home arm gets new investor on its Board of Directors
The move is a welcome development as OYO, through its brands Belvilla, Dancenter, Traum Ferienwohnungen, Stugsommar, is doubling down on its sustainable growth and presence in the region, given the strong trend of customers choosing vacation homes as an overwhelmingly better alternative than larger star hotels, it said.
BSES discoms Pay Rs 400 crore to APCPL
The spokesperson added that discoms are committed to supplying reliable and uninterrupted power to around 46 lakh consumers in Delhi. BRPL and BYPL are power distribution companies and joint ventures between Reliance Infrastructure Limited and GoNCTD. They are the power distributors in Delhi.
11th instalment of Rs 6K cr for GST compensation shortfall released
Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and a number of Rs 483.40 crore has been released to the 3 Union Territories (UTs) with Legislative Assembly (Delhi, Jammu & Kashmir, Puducherry) who are members of the GST Council. The remaining 5 states -- Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim -- do not have a gap in revenue on account of GST implementation.
Middle class likely to gain from higher tax deductions in Budget 2021
Sources said that the Budget 2020-21 may take the sops announced earlier under the Atmanirbhar Bharat package to help people in their fight against the Covid-19 pandemic further, by raising the basic tax exemption limit for an individual income tax payee to Rs 5 lakh from Rs 2.50 lakh at present to enhance net disposable income in their hands.
Cognizant buys 2 firms in a day, spends $1.4bn on 11 acquisitions
Including the two fresh acquisitions, Cognizant has announced 11 acquisitions in the past 12 months -- an aggregate investment of approximately $1.4 billion -- in its strategic digital focus areas of cloud, data and artificial intelligence, digital engineering and Internet of Things.
Airtel, NSIC partner for digital transformation of Indian MSMEs
NSIC is a Government of India Enterprise having its mission "to promote and support MSME sector by providing integrated support services encompassing marketing, technology, finance and other services".
DGGI starts probe against Uber, Ola over alleged GST evasion
According to sources, as per the calculation by the GST arm, the tax liability of Uber India stands around Rs 800 crore, while that of Ola Cabs is around Rs 300 crore.
Domestic funds see outflows after 5 yrs
According to a report by Motilal Oswal Institutional Equities, in the calendar year 2020, while FIIs inflows were at record highs, outflows by DIIs were at fresh highs too. FII inflows for CY20 were strong at $23.4 billion - the highest since CY12. However, DIIs recorded their first outflows (-$4.9 billion) after five years of inflows.
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