Tax Issues Haunt Flipkart And Others In Kerala

The companies that have been fined are Flipkart, Vector E-commerce Pvt Ltd (stakeholder in Myntra), Jabong, and Robemall Apparels Pvt. Ltd (operator of Zovi.com). As per the reports published in Malayala Manorama, the government has imposed the highest fine of rupees 47.15 crore on Flipkart. Vector E-commerce has been fined rupees 2.23 crore, Jabong with rupees 3.89 lakh and Robemall Apparells rupees 36 lakh. The state government is looking for other e-commerce players also, which have tried to evade taxes in the past.

Braigo Labs And Its 13-Year-Old Genius

Shubham had initially designed a Braille printer using the Lego robotics kit while participating in a school science fair project in 2014. With the help of an investment of $35,000 from his father, he developed an advanced version, Braigo 2.0, that translates electronic text into Braille before printing.

India’s Future Revenue: Where And How?

The summit was attended by a number of economists and industry chiefs. They pondered upon the future of Indian economy under the new government, which is keen to push it ahead by introducing a number of reforms.

Baba Ramdev And His 2, 000 Crore Empire

According to the Times of India, Patanjali Ayurved, the company that manufactures the products racked up an impressive turnover of Rs 1,200 crore in 2014. The numbers are showing no signs of slowing down. Back in 2013, his empire’s turnover was at Rs 850 crore. Do the math and you will realize how far he and his team have come from their humble beginnings. Born in the Mahendragarh district in Haryana, Ramdev studied yoga and Sanskrit in various gurukuls around his home. He used to offer free yoga classes to villagers before he realized that he was pretty good at it.

Future Belongs To Contactless Debit And Credit Cards

Contactless debit and credit cards have been launched by the ICICI Bank first, but all other banks are expected to soon follow suit. These cards use Near Field Communication or NFC to make payments at retail outlets. With these cards, customers need not swipe their cards at POS (Point of Sale) like before. They can just tap the NFC-based card reader, and the payment will be made instantly. However, they will need to enter their PIN (Personal Identification Number) as per the guidelines of Reserve Bank of India (RBI).

Vibrant Gujarat: An Infallible Step To Attract Investment In Gujarat?

The Vibrant Gujarat Summit is taking place at Mahatma Mandir in Gandhinagar, Gujarat between January 11 and 13. Businesses from all over the world are asked to register their presence in this event. After the unparalleled success of the previous editions, the government of Gujarat is hopeful that this year’s Vibrant Gujarat will write a new and an even bigger success story. According to reports, during the 2011 edition of Vibrant Gujarat, memorandums of understanding worth 20 lakh crores were signed, while in the 2013 edition, the government claimed that agreements worth 10 lakh crore were signed.

Vishal Sikka Rolls The Dice With iPhone 6S To Top Performers

With the appointment of Vishal Sikka as the new CEO in June 2014, people thought that Infosys would once again grow as it had done for many years under the able-leadership of Murthy. Even though, Infosys registered higher growth in terms of financial performance after Sikka took over the leadership, what came to be a serious concern for the new CEO was the rather high attrition rate of the company. As per reports, close to 8,900 employees left Infosys in the third quarter of 2014. Albeit he attrition rate has seemingly come down since the last quarter, it still remains close to 20 percent. Sikka, the man known for his proactive approach, has thus been forced to roll the dice once again.

Money Essentials: How Does Private Equity Work?

So what do start-ups and reputable giants have in common? Well, they both need investment (money) to run and expand their business. Some of the distinctive ways of raising money are 1) Borrowing from banks 2) The company can also sell shares and raise a substantial amount of money from the stock exchange.

From $1 Billion To $35 Billion, Instagram Has Come Long A Way

Mark Zuckerberg is one of those few lucky young entrepreneurs who have put in hard work and have enjoyed tremendous results every single time. Right from starting a social media website for Harward community in 2003-04 to acquiring Whatsapp in 2014, he has made some of the most brilliant decisions one can ever imagine.

Vistara: All Set For Take Off In India

When Air India first started its operations in India, nobody had thought that the route which once looked affordable to rich people alone would one day offer similar space to the middle-class people as well; seems like that the “one day” has finally come. These days you may have to spend 3000 odd rupees to buy a first class “air-conditioned” ticket in a train, while you can enjoy a flight ride in as low as rupees 1499. People had anticipated that competition in the aviation industry would enhance in the future, but nobody knew it would bring prices down to this level.

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