India’s push to award online degrees at top 100 educational institutes, could boost business of educational technology startups including Eruditus, Coursera and upGrad. Finance minister Nirmala Sitharaman, in her budget speech, said that in order to provide quality education to students of deprived section of the society as well as those who do not have […]
Govt to set up of an IPR digital platform to guard patents
Illustration: Rahul Awasthi The budget has proposed to set up a digital platform for seamless application and capture of Intellectual Property Rights. This will promote and safeguard patents at a time when protecting IPR has assumed global significance, as it had become one of the major talk points in the ongoing US-China trade negotiations. “If […]
Govt’s tax move on e-commerce cos likely to raise compliance costs
The union government’s move to draw small vendors and service providers on e-marketplaces into the tax-net could raise compliance costs that may then be passed onto consumers, said industry executives. On Saturday, the union government mandated online marketplaces, which includes companies like Flipkart, Amazon, Uber and UrbanClap, to deduct 1% tax at source while crediting […]
Online education proposal to boost edtech sector: Budget2020
India will start issuing online degrees at top 100 educational institutes, Finance Minister Nirmala Sitharaman announced during her Budget speech. This step could boost educational technology startups including Eruditus, Coursera and upGrad. Sitharaman said that in order to provide quality education to students of deprived section of the society as well as those who do […]
Govts launch rewrite of global tax rules
The rise of Amazon, Facebook and Google has strained existing rules to breaking point because big tech companies can book profits in low-tax countries like Ireland no matter where their customers are located. Reuters | February 01, 2020, 07:45 IST
Anand Mahindra fetes new IBM CEO Arvind Krishna, like a boss!
Being an Indian and making it big in the field of technology is no mean feat to accomplish. Joining the ranks of Satya Nadella, Sundar Pichai and Shantanu Narayen is Arvind Krishna who has been appointed the new CEO of American MNC IBM. Indian Twitter celebrate Krishna’s achievement, however, it was Anand Mahindra who ended […]
Ola plans to launch operations in London
Homegrown ride-hailing app Ola plans to launch operations in London on 10th February, a key market for the firm outside India. In July last year, Ola was granted a one-year Private Hire Vehicle (PHV) license from the Transport of London, the government body that oversees the cities’ transportation, to operate its services in the city, […]
Amazon to invest $1 billion to digitise MSMEs in India
Amazon has reiterated its pledge to invest $1 billion to digitise 10 million traders and micro, medium and small enterprises (MSMEs) in India. The US-based ecommerce behemoth said the investment will enable $10 billion in cumulative exports from the country by 2025, a goal announced by CEO Jeff Bezos during his visit to India earlier […]
Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%
Amazon.com Inc on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50% rise in two years. Shares soared as much as 13% in after-hours trade, putting the online retailer back in the $1 trillion (761 […]
Tax social media giants, ecommerce firms: SJM
The Swadeshi Jagran Manch (SJM) has strongly recommended that the Centre bring foreign-run social media giants, ecommerce companies, giant foreign software companies and large taxi and travel aggregators under the tax net in the upcoming Budget, to meet its revenue shortfall. SJM is an influential RSS affiliate whose imprint is increasingly found on a number […]