Hyderabad: Telangana‘s real gross state domestic product has grown to Rs 6.63 trillion (Rs 6.63 lakh crore) in 2019-20 from Rs 4.16 trillion (Rs 4.16 lakh crore) in 2014, according to a report by Knight Frank India. This resulted in a compounded annual growth rate (CAGR) of 8.08 per cent, said the report. The growth … Read more
Mumbai: Mukesh Ambani-controlled Reliance Industries may report a drop in its performance from a year ago when it unveils its September quarter earnings on Friday. The company may, however, log a sequential improvement even though full-recovery to pre-Covid levels is yet to happen. Analysts will also wait and watch company’s take on the legal tussle … Read more
The Competition Commission of India (CCI) has dismissed a case of abuse of dominance alleged against Amazon Sellers Service by Dutch brand Beverly Hills Polo Club (BHPC) on Friday. According to the order, BHPC, the informant, claimed that Amazon Sellers Service, through its dominance of the online fashion retail space and together with its affiliates … Read more
To this effect, GoI has issued a draft ecommerce policy that seeks to create a regulatory environment to protect the misuse of data, thereby ensuring competition. Synopsis Antitrust regulators worldwide aim to strike a balance between enforcement and preserving the competitiveness of such markets, since adopting any quick-fix intervention measures could thwart innovation, thereby harming … Read more
The spectacle of the chief executives of Amazon, Apple, Facebook and Google testifying before Congress last week made for good TV drama. Yet the theatrics of the showdown distracted from the real payoff of the hearings: the accompanying cache of subpoenaed emails and texts from the past decade and a half. These documents provide compelling … Read more
MUMBAI: As India introduced an equalisation levy at 2%, many companies may be staring at the possibility of double taxation on digital transactions such as buying software or equipment. Currently, many of them pay a 10% royalty withholding tax on purchases from multinationals located outside India. India has brought in new regulation effective April 1 … Read more
Wall Street and Silicon Valley came together, bridging the gap between New York and San Francisco, because the bankers smelt a gold rush in technology upstarts and their impending initial public offerings (IPOs). SynopsisA year down the line, a lot of what was going on in Mumbai has come to the fore, when in April, … Read more