Anti-profiteering authority puts Baba Ramdev-led company in the dock for allegedly not passing on benefits received from the reduced rate of taxation under the GST regime. Patanjali to respond to notice at January 28 hearing.
'It seems to be a hasty step ahead of the election.'
According to analysts, most of the growth in the smartphone space will come from existing users, who will be lured to upgrade their handsets as new features and technologies turn existing features redundant, says Arnab Dutta.
In the not too distant future, you could see 5G technology being used for functions such as remotely-performed robotic surgeries, mine equipment operated remotely or cars driven by someone sitting hundreds of miles away. While these ideas will certainly find application globally, the urgent need for them in India could spur swifter adoption here than elsewhere.
Twenty-five years on, Coca-Cola is involved in a new search. Arnab Dutta reports.
This could be the first instance when a consumer goods company would move court against NAA. The confrontation began after the government cut tax rates on over 175 items like toothpaste, shampoo, shaving cream and washing powder to 18 per cent from 28 per cent.
Ola commits to invest $100 mn in Vogo, to bring scooter-sharing to its app, reports Alnoor Peermohamed.
'If you look at the big opportunity, it is sitting in markets like India, Southeast Asia and Brazil. The US and Europe are very strategic markets for us because they tell us whether we're fit to compete.'
While a merger means HUL taking over GSK Consumer's assets, including its employees, any mention of retention of employees beyond the merger is missing in the deal.
The report, however, did not include sales of Flipkart's subsidiaries Myntra and Jabong.
The scales started tilting in favour of smartphones in 2014, when a slew of new, yet vibrant, brands entered the market, with their competitively priced offerings helping smartphones become the indispensable device that it has turned into today.
Unlike many peers in the VC space, LSE grad Juneja doesn't have an entrepreneurial background but is said to be strong in finance skills
A board position requires one to hold at least 3 per cent of the outstanding shares. Binny holds around 5 per cent stake in Flipkart
As wholesalers largely failed to meet GST norms, companies were in a fix. According to industry veterans like Sunil Duggal, chief executive of Dabur, the hazard led many to look beyond third-party distribution and take the leap to cover unattended markets directly.
The deal, which will kick in after the holiday season, in January, will give Apple more visibility among online buyers in India. The partnership could help Apple take on Chinese smartphone maker OnePlus, which has become one of the leading player in the premium smartphone market thanks to Amazon.
The launch of premium devices from OnePlus and Samsung in the second half of Apple's reporting period added to Apple's woes.
In comparison, Flipkart India, the marketplace unit of the country's largest e-commerce marketplace, posted a 750% growth in losses to Rs 20.6 billion.
But this could be shortlived as the rise has been buoyed on Chhattisgarh assembly poll freebies
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
Industry estimates suggest that the extent of value addition in the handset space remains at a mere 10 per cent. That effectively means, value-wise 90 per cent of all components used in making a handset continues to be imported.
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