Services

Tax Sought From Amazon In India On Cloud Services Fees Paid To US

Tax Sought From Amazon In India On Cloud Services Fees Paid To US

Press Trust of India | Friday February 03, 2023, New Delhi

Indian tax authority has decided to charge tax on cloud services fees paid by Amazon to the US, a move which will lead to company coughing up "significant" amount in taxes including payments for some of the previous years, the company said in a regulatory filing.

Is Paytm, Infosys Buyback Plan In Line With Shareholders' Interests?

Is Paytm, Infosys Buyback Plan In Line With Shareholders' Interests?

Equitymaster | Friday December 16, 2022

So far this year, 51 companies have announced buybacks worth Rs 375.2 billion.

India's Tech Companies, Routed, Use Surprise Tactics To Arrest Slide

India's Tech Companies, Routed, Use Surprise Tactics To Arrest Slide

Ashutosh Joshi | Friday December 16, 2022

While within the rules, several market experts say the actions point to the fixation that newly listed firms have with their stock prices. After all, Nykaa and Paytm are among a flurry of hot startups that came to the Indian market with much fanfare.

Here's How PVR Shares Might Perform As It Gears Up For Merger With INOX

Here's How PVR Shares Might Perform As It Gears Up For Merger With INOX

Equitymaster | Monday November 28, 2022

While new age tech companies like Paytm and Nykaa have come under bear attack, is a popular stock like PVR Ltd also under same threat?

IPO-Bound OYO Hotels Reports A Smaller Loss In September Quarter

IPO-Bound OYO Hotels Reports A Smaller Loss In September Quarter

Edited by Rahul Karunakar | Monday November 28, 2022

Oyo Hotels and Homes Pvt Ltd reported a smaller loss for the July-September period compared to the prior quarter.

No Legal Basis For Ban On Service Charge In Food Bills: Restaurants' Association

No Legal Basis For Ban On Service Charge In Food Bills: Restaurants' Association

Press Trust of India | Wednesday July 06, 2022, New Delhi

The National Restaurant Association of India (NRAI) on Wednesday said the government cannot make changes in levy of service charge in food bills by making guidelines and CCPA's decision to bar hotels and restaurants from such practice has created unnecessary confusion amongst consumers and disrupted smooth operations of restaurants.

Taj Named As World's Strongest Hotel Brand For 2022

Taj Named As World's Strongest Hotel Brand For 2022

Edited by Animesh Singh | Thursday June 16, 2022

Indian Hotels Company's "Taj" has been rated as world's strongest hotel brand according to the latest report of the consultancy "Brand Finance"

Government Asks Swiggy, Zomato And Others To Improve Grievance Redressal Mechanism

Government Asks Swiggy, Zomato And Others To Improve Grievance Redressal Mechanism

Edited by Animesh Singh | Monday June 13, 2022

In last one year,over 3,631 grievances have been registered on National Consumer Helpline (1915) for Swiggy and 2,828 have been registered for Zomato

Consumer Affairs Ministry To Summon Edutech Firms Amid Rising Complaints

Consumer Affairs Ministry To Summon Edutech Firms Amid Rising Complaints

Press Trust of India | Friday June 10, 2022, New Delhi

Consumer Affairs Ministry will soon hold a meeting with edutech firms amid complaints that these platforms put extra study pressure on schools

Marred By Slew Of Issues, Customers Seek Government Control Over Edtech Entities

Marred By Slew Of Issues, Customers Seek Government Control Over Edtech Entities

Press Trust of India | Tuesday June 07, 2022, New Delhi

A majority of people who opted for online classes offered by edtech platforms have faced issues around infrastructure required for attending sessions

Zomato's March Quarter Loss Widens On Rising Expenses

Zomato's March Quarter Loss Widens On Rising Expenses

Reuters | Monday May 23, 2022, BENGALURU

The company's consolidated net loss widened to Rs 360 crore for the three months ended March 31, 2022 from Rs 131 crore a year earlier

Amazon Accuses Future Group's Independent Directors Of Fraudulent Strategy

Amazon Accuses Future Group's Independent Directors Of Fraudulent Strategy

Press Trust of India | Sunday May 22, 2022, New Delhi

Amazon has accused independent directors of Future Retail of facilitating "fraudulent stratagem" of transfer of 835 stores to Reliance group

Paytm Sets Up Joint Venture Insurance Firm, To Invest Rs 950 Crore In 10 Years

Paytm Sets Up Joint Venture Insurance Firm, To Invest Rs 950 Crore In 10 Years

Press Trust of India | Saturday May 21, 2022, New Delhi

One 97 Communications Limited (OCL), which operates under Paytm brand, on Saturday said it has formed a joint venture (JV) general insurance company

As Pandemic Boom Wanes, JP Morgan Downgrades India's IT Industry

As Pandemic Boom Wanes, JP Morgan Downgrades India's IT Industry

Reuters | Thursday May 19, 2022

The pandemic growth boom in India's IT services industry is fading; JP Morgan analysts said as they downgraded the sector to "underweight".

Radisson Aims To Add 100 Hotels By 2025 In India, Says CEO

Radisson Aims To Add 100 Hotels By 2025 In India, Says CEO

Press Trust of India | Thursday April 28, 2022, Manila

Radisson Hotel Group plans to add 100 hotels in India by the end of 2025 as part of its ambitious plans for expansion in the Asia-Pacific region