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Words by: FWD Media Photographs from: Zomato, Fortune, Financial Express
Social media posts could soon send the taxman to your door
Posts about your travel plans or the swanky new car could soon be the tip-off that send taxmen to the doors of tax evaders. Reports suggest that the government’s “Project Insight” could be the first step at combing through data users put out on social media platforms to compare their spending patterns with income declarations.
Zomato teams up with Ola to let users book rides and pay with Ola money
Zomato and Ola have announced a strategic alliance to let users avail services on each other’s platforms. Ola Play, the in-car infotainment system allows riders to browse and order from restaurants of their choice during the cab ride itself.
Amazon results singe Jeff Bezos the chance at toppling Bill Gates as world’s richest man
The largest online retailer posted a 77% slump in quarterly income and also warned of a potential operating loss in the current quarter, as the company trained focus on video content and fast-growing economies especially India.
L&T, LIC, Karur Vysya Bank as well as many others to announce results today
Several companies including Astec Lifesciences, Binani Ind, Century Enka, Coromandel International, Elgi Equipments, Equitas, Escorts, NIIT, NDTV, HeidelbergCement, India Cements, Karur Vysya Bank, LIC Housing Finance, L&T, NR Agarwal, Oriental Carbon, Ramky Infrastructure, SKF India, Subex, Tanla Solutions and Zuari Agro Chemicals are due to announce their April-June quarter results today.
Exchange-traded funds registering steady growth in India, say S&P BSE head
Exchange-traded funds (ETFs) are experiencing a steady growth as the Indian investment community opts for safer investment options. “India as a market is closely following the trends in the US where the ETF has become a major attraction for investors, especially in pension funds,” says Koel Ghosh Business Head – India, S&P BSE Indices.
Tata AutoComp opens new facility in Hyderabad
Tata AutoComp Systems’s subsidiary unit TATA Toyo Radiator Ltd inaugurated its new production facility in Sri City. The factory developed with an initial investment of around Rs10 crore will be expanded in phases and will be providing employment opportunities for around 60 persons according to a statement.