Business, Companies, 15th May 2018, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 10:36 AM IST

Business Companies 15 May 2018

Business, Companies, 15 May 2018

In a setback to Google India, the Income Tax Appellate Tribunal has upheld a tax demand on the search engine's remittances of advertisement revenue to Google Ireland Ltd.

Google India should pay tax on advertisement revenue sent to parent

The Bangalore bench of ITAT, in a 331-page order, upheld the tax department's contention that such payments are royalty.

15 May 2018 7:34 PM

Jet Airways had bagged four routes in the second round of bidding in January, in which a total of 325 routes were awarded to various operators.

Jet Airways offers fares starting Rs 967 for Udan flights

Under the scheme, the fares have been kept at Rs 2,500 for a one-hour journey.

15 May 2018 4:20 PM

President Ram Nath Kovind said on Tuesday that the 12 'champion' services sectors including IT and tourism identified by the government hold a huge potential to attract global investors, promote India's economic growth and generate jobs. (Photo: PTI)

Services sector can attract huge investment, generate jobs: Kovind

In February, the central government had set up a Rs 5,000 crore dedicated fund to promote 12 'champion' services sectors.

15 May 2018 3:38 PM

AMD has also focused extensively on the security aspect for the enterprise customer.

AMD lines up new processors for enterprise users

A range of notebooks and desktops with the AMD processor will be made available by partners - HP, Dell and Lenovo.

15 May 2018 3:28 PM

Vodafone India continues to face tariff war heat and reported 18.7 per cent decline in organic service revenue to around Rs 35,045 crore in 2017-18 compared to Rs 42,927 crore.

Vodafone India posts Rs 9,805 cr operating profit for 2017-18

Vodafone group cutting down valuation of Indian unit by taking gross impairment charge of 4.5 billion euro.

15 May 2018 3:00 PM

Netmeds appoints Mahendra Singh Dhoni as brand ambassador

Netmeds currently has an inventory of 35,000 stock keeping units of prescription drugs and 5,000 SKUs of OTC products.

15 May 2018 2:33 PM

British telecom major Vodafone said on Tuesday that Nick Read will be the next CEO of the company, succeeding Vittorio Colao. (Photo: AFP)

Nick Read to succeed Vittorio Colao as Vodafone Group CEO

Read was appointed the group's CFO and joined the Vodafone Group Plc Board in April 2014.

15 May 2018 2:00 PM

Tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.

NCLT approves Tata Steel bid for Bhushan Steel

CoC had approved Rs 32,500 crore deal along with 12.27 per cent equity in Bhushan Steel offered by Tata Steel.

15 May 2018 12:07 PM

The company on Monday reported 14.2 per cent increase in its standalone net profit to Rs 1,351 crore.

HUL touches 52-week high on strong Q4 show

HUL's net sales during the quarter under review stood at Rs 9,003 crore compared to Rs 8,773 crore.

15 May 2018 10:36 AM

Amazon Board of Directors has adopted a policy that the Nominating and Corporate Governance Committee include a slate of diverse candidates. (Photo: AFP)

Amazon adopts new policy to promote board diversity

Amazon’s board has 10 board members, all of whom are white, including three women.

15 May 2018 8:42 AM

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Mohan Guruswamy