You are here: Home » Current Affairs » News » National
Business Standard

Top headlines: Amazon seeks pause on CCI review, India Inc's profit booms

Tighter rules likely for social media firms, may supersede IT laws; Digital tax for US companies to stay until OECD pact comes into force. More on today's top headlines

Topics
Top Business Headlines | top events of the day | Curated Content

BS Web Team  |  New Delhi 

Amazon

E-commerce giant has approached the Supreme Court seeking a pause on the Competition Commission of India's review of its investment in Future Retail (FRL). The US giant is currently in a legal dispute with FRL. More on today's top headlines

seeks to pause antitrust review of 2019 deal with India's Future

com Inc has asked India's Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers seen by Reuters showed. Read more

Profit concentration in rises amid private sector growth

Big private sector companies have cornered a large chunk of the corporate profit pie in the last few years as small and public sector firms struggle with poor profitability. This has resulted in a steady rise in profit concentration. Read more
Tighter rules likely for firms, may supersede IT laws: Experts

The Personal Data Protection Bill, which according to news reports is likely to suggest that intermediaries be considered platforms, and those not identified as intermediaries be considered publishers, it could override the existing Information Technology Act and Rules, according to experts. Read more

for US companies to stay until OECD pact comes into force

The 2 per cent equalisation levy imposed by India on digital players will continue for US companies until a global agreement on taxing multinational enterprises (MNEs) comes into effect or March 31, 2024, whichever is earlier. The United States, on the other hand, has committed to withdrawing its threat of retaliatory trade action against India, according to an agreement reached between the two countries on Wednesday. Read more

Central Vista: 6 firms submit technical bids to construct Executive Enclave

Six infrastructure firms, including Tata Projects Limited and L&T Limited, have submitted technical bids for the construction of an executive enclave that will house the prime minister's office (PMO), Cabinet secretariat, India House and Security Council Secretariat, a CPWD official said on Wednesday. Read more

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 25 2021. 08:18 IST
RECOMMENDED FOR YOU
.