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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Illustration: Rahul Awasthi For years, Google and Apple have charged a 30% commission for apps selling digital goods on their app stores. While Apple has been strict with this fee, Google has typically been lax about it, due to which companies like Netflix, Spotify, Tinder among others have bypassed this system to avoid paying the […]

Illustration: Rahul Awasthi For years, Google and Apple have charged a 30% commission for apps selling digital goods on their app stores. While Apple has been strict with this fee, Google has typically been lax about it, due to which companies like Netflix, Spotify, Tinder among others have bypassed this system to avoid paying the […]