Bangalore airport gets ‘Face id’ check-in
Bangalore airport is now enabled with Face ID check-in system (for domestic flights only) and once you register your biometric data on a kiosk, you will be able to pass…
RuPay records 1 billion transactions, 70% growth since last year
RuPay has clocked 1 billion transactions through both online and offline merchant payment modes in FY 2019, almost 70% jump compared to the 667 million transactions last year, as per…
Indian Gov to tax big tech companies; Framework being created
Indian government is finalising a framework to tax foreign technology companies that have a user base of 500,000 and above and earn more than Rs 20 crore revenue, a move that will have a bearing on tech giants such as Google, Facebook and Twitter.
The direct tax at 35 percent would be on par with what local companies pay and will be imposed on profits earned by foreign companies in India (FYI: Google remitted $2 billion between FY14-18 from India without paying direct tax).
If tax rates are very high, obviously people look for other countries: Bimal Jalan, Former RBI Gov
“..if tax rates are very high, obviously people look for other countries, which have lower interest rates, and also exemptions from income tax”, says Bimal Jalan, former RBI governor. India…
CAG: Govt. did not try out GST system before rollout; Leading to lower tax revenues
“Even after two years of rollout of GST, system validated Input Tax Credit through ‘invoice matching’ is not in place and non-intrusive e-tax system still remains elusive. Without invoice matching…
FYI: CreditVidya app was collecting user data via Sai Baba, Ilaiyaraaja Hits and other musical apps
CreditVidya, the Hyderabad-based fintech startup has been found collecting user data via apps including Sai Baba app, Ilaiyaraaja Hits app and several music apps created by a services company (Winjit).…
Amazon is launching food delivery service in India..in talks to acquire Uber Eats
Amazon is planning to launch food delivery service in India before the festive season starts. There are reports that Amazon is in talks with Uber Eats for a potential deal.…
Bytedance is..developing its own smartphone
ByteDance acquired a set of patents from Smartisan, earlier this year and has confirmed that it is developing a smartphone. Some Smartisan employees also transferred to ByteDance, as part of…
₹10,000 cr: Banks collected in 3 years for not maintaining minimum balance
22 scheduled commercial banks (SCB), including SBI, ICICI, HDFC have collected nearly ₹10,000 crore in the last three years as penalty for not maintaining minimum balance in regular saving bank…
Flipkart goes offline; Launches Furniture Experience Center
Flipkart has finally gone offline with its furniture store, FurniSure Experience Zone (in Bangalore). Spread across 1,800 feet, Flipkart’s furniture experience centre in Bengaluru aims to give customers a glimpse…
Tesla may be coming to India in 2020, says Elon Musk
Good news for those awaiting Tesla’s arrival in India.
In a boost to EV industry, GST council slashes tax rates
The Goods and Services Tax (GST) Council has decided to cut tax rates on electric vehicles and chargers starting from 1 August.
This is how much Indian celebrities charge for an Instagram post
Priyanka Chopra and Virat Kohli feature on the global Instagram rich list and they charge a pretty penny for every sponsored post.
Want more views of Youtube videos? Bring a kid along, says the data.
You want more views for your YouTube videos? Well, bring a kid, preferable below 13 years of age. Fact: YouTube videos that feature children under the age of 13 receive…
Many hotel owners at loggerheads with Oyo
Oyo, the leading Indian startup in the hospitality sector, is now facing accusations from hotel associations of backing out of promises and reducing profits from owners of hotels listed on its platform.
Your next order from Aliexpress is set to get costlier
Chinese ecommerce platforms have been shipping goods to Indian consumers by marking them as ‘gifts’, to exempt them from customs duty.
