The U.S. Justice Department is expected to sue Alphabet’s Google as soon as next week, and is currently urging state attorneys general to sign onto the lawsuit, according to three sources familiar with the process. The lawsuit is expected to accuse Google, builder of the world’s dominant search engine, of looking to disadvantage rivals such […]
Archives for September 2020
US expected to sue Google next week as DOJ seeks support from states
The U.S. Justice Department is expected to sue Alphabet’s Google as soon as next week, and is currently urging state attorneys general to sign onto the lawsuit, according to three sources familiar with the process. The lawsuit is expected to accuse Google, builder of the world’s dominant search engine, of looking to disadvantage rivals such […]
No need for payment gateways to deduct tax if e-tailer does it
The income tax department on Tuesday evening said payment gateways facilitating e-commerce transactions don’t need to deduct taxes if the e-commerce platform has deducted it already. For proper implementation, e-tailers and payment gateways may have an understanding on the same, the Central Board of Direct Taxes (CBDT) circular said. Earlier, industry stakeholders had said that […]
No need for payment gateways to deduct tax if e-tailer does it
The income tax department on Tuesday evening said payment gateways facilitating e-commerce transactions don’t need to deduct taxes if the e-commerce platform has deducted it already. For proper implementation, e-tailers and payment gateways may have an understanding on the same, the Central Board of Direct Taxes (CBDT) circular said. Earlier, industry stakeholders had said that […]
Fundraising clocks fastest rebound in digital sector, says Avendus CEO
L-R: Avendus founders Ranu Vohra, Gaurav Deepak, Kaushal Aggarwal Fundraising in the digital sector has clocked the fastest rebound since the Covid-19 crisis hit businesses worldwide, according to Gaurav Deepak, CEO of homegrown financial services firm Avendus Capital. Besides technology, pharma and food have come back strongly while IT services continues to remain robust, he […]
Fundraising clocks fastest rebound in digital sector, says Avendus CEO
L-R: Avendus founders Ranu Vohra, Gaurav Deepak, Kaushal Aggarwal Fundraising in the digital sector has clocked the fastest rebound since the Covid-19 crisis hit businesses worldwide, according to Gaurav Deepak, CEO of homegrown financial services firm Avendus Capital. Besides technology, pharma and food have come back strongly while IT services continues to remain robust, he […]
Startups accuse ‘gatekeeper’ Google of not playing fair
Illustration: Rahul Awasthi Indian startups are up in arms against the Google Play Store for forcing apps with in-app purchases to use its “expensive and unaffordable” billing system. Google levies a 30% commission against 1.5-2% levied by external gateways. While the policy has always been in place, it’s only now being enforced in India. This […]
Startups accuse ‘gatekeeper’ Google of not playing fair
Illustration: Rahul Awasthi Indian startups are up in arms against the Google Play Store for forcing apps with in-app purchases to use its “expensive and unaffordable” billing system. Google levies a 30% commission against 1.5-2% levied by external gateways. While the policy has always been in place, it’s only now being enforced in India. This […]
App Radar: New tech and next steps
I hope you’ve been enjoying all that Xero On Air has to offer throughout September. If you haven’t had the chance to check it out yet, make sure you take the time to do so. For those reading this after-the-fact, think of it as a handy summary of all of the exciting app updates on […]
Wells Fargo CEO’s comments fit a disturbing pattern
Wells Fargo’s CEO makes me wonder: Which other leaders in the financial services quietly share his views? In a company memo this past summer, Wells’ Chief Executive Charlie Scharf blamed his company’s lack of diversity on “a very limited pool of Black talent to recruit from.” The day after it became public this month, Scharf […]