Amazon-Future battle: More skeletons tumble out of closet

Future Retail’s (FRL’s) independent directors have written a second letter to the Competition Commission of India (CCI), stating American e-commerce major Amazon never intended to invest in Future Coupons (FCPL) and the representations made by the US e-commerce player were completely opposite and contradictory to their own internal correspondences as submitted before courts. The directors […]

Amazon-Future battle: More skeletons tumble out of closet

Future Retail’s (FRL’s) independent directors have written a second letter to the Competition Commission of India (CCI), stating American e-commerce major Amazon never intended to invest in Future Coupons (FCPL) and the representations made by the US e-commerce player were completely opposite and contradictory to their own internal correspondences as submitted before courts. The directors […]

How taxmen will help you file I-T return correctly

The fresh info to be uploaded in form 26AS includes remittances received from overseas, interest on income tax refund, dividend from mutual funds, purchase of MFs, among others. Now, more pieces of information about your transactions and income, such as remittances received from overseas, will be uploaded in Form 26AS by the income-tax (I-T) department. […]

When Will Modi Privatise Public Sector Banks?

Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay. India needs more banks to match the scale of the nation’s largest lender, the […]

Who will win the Super App race in India?

A super app is the golden key to the customer for any company selling products or services at the retail level. Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed […]

WHO working to get Covid-19 medical supplies to North Korea

WHO said in a weekly report that it has started the shipment of essential Covid-19 medical supplies through a Chinese port for "strategic stockpiling and further dispatch" to North Korea. Describing its anti-virus campaign was a matter of "national existence," North Korea had severely restricted cross-border traffic and trade for the past two years despite […]

EU officials target a breakthrough for the 15% global tax deal this month

Global governments have been involved in tough negotiations to bring a handful of nations in line with a international deal on corporate tax. The G-7 and G-20 nations backed an agreement earlier in the summer that, if implemented, would force multinationals to pay tax where they operate — and not just where they have their […]