U.S. retail major Walmart may approach Indian authorities seeking withholding tax certificates for determining the tax liability in the $16 billion Flipkart buyout deal.
The Reserve Bank of India’s direction to Paytm Payments Bank restraining it from adding new customers came after the RBI found that the bank had violated licencing norms by outsourcing the decision making on whether an account should be opened or not to business correspondents.
The Centre has asked telecom service providers to explore possible ways to block mobile applications such as Facebook and WhatsApp “as per the provisions of the IT Act, 2000.”
These are the kind of chips that India always wanted, but could not make. Now, computer scientists and a student team from the IIT- Madras have developed the first of a family of six industry-standard microprocessors.
Japanese conglomerate SoftBank Group said its operating profit has jumped over 49% in the June quarter, helped by its sale of shares in Indian e-commerce firm Flipkart.
The UIDAI on August 5 said vested interests used Google’s “inadvertent” act on its helpline number to create fear about and tarnish the image of Aadhaar while emphasising that a number stored in contact list cannot steal data from a mobile phone.
Amazon and Walmart face an online shopping nightmare in India. The pair have committed more than $21 billion to the local scene, with most of that coming from the U.S. supermarket giant, which in May agreed to buy leader Flipkart.
Wipro has settled a lawsuit filed by the National Grid U.S. for $75 million, a move which would have an impact on its second-quarter earnings ending September 30, according to a BSE filing on Saturday.
Word that Google is crafting a search engine to meet China’s draconian censorship rules has sparked widespread employee anger at the company, which has responded by limiting workers’ access to documents about the project, a report said on Friday.
Thousands of smartphone users in India woke up puzzled on Friday with a Unique Identification Authority of India (UIDAI) toll-free helpline number saved in their phonebooks by default.