(Representative image) NEW DELHI: The country’s start-up community should now not worry about taxmen and concentrate on their businesses as concerns related to ‘angel tax’ have been “sorted out”, the CBDT chief said on Saturday. Central Board of Direct Taxes (CBDT) chairman P C Mody told PTI in an interview that all ... Read More »

Jets used for corporate travel by Russian state-owned oil major Rosneft flew at least 13 times to Mallorca, Ibiza, Sardinia and the Maldives when CEO Igor Sechin or people from his social circle were in the same vacation spots. Using publicly available data, Reuters tracked 290 Rosneft flights between January, 2015 and May, 2019. Of those round trips, 96 took place during Russian public holidays or between ... Read More »

LUSAKA: Vedanta Resources on Tuesday plans to challenge the appointment of a provisional liquidator and the intended winding up of its Zambian business without the chance to be heard through lawyers of its choice, documents filed in court show. According to a notice filed in court on June 6, Vedanta wants to ... Read More »

Jeff Bezos has a message for budding entrepreneurs: be ready to take big risks and fail. Bezos delivered that message at Amazon’s re:Mars conference on Thursday in Las Vegas, after he was asked what advice he would give to anyone looking to start their own business. “Take risk. You have ... Read More »

At the end of the day, data scientists should have a keen sense of business. They should know how managerial and financial economics work to leverage their skills to the fullest. While being a programming champion or a stat nerd might not hurt you, but ignoring business knowledge will harm ... Read More »

If you’ve been out and about in Silicon Valley in the last month or so, chances are you’ve heard of “Alpha Girls,” a new book written by journalist Julian Guthrie about four investors who’ve made a big impact on the world of startup investing. The book recognizes them — Theresia ... Read More »

Intel is looking to sell its smartphone-modem business, now that it’s officially out of the race for 5G chipsets, The Wall Street Journal reports. In fact, Apple considered acquiring part of Intel’s modem ventures in talks that began last summer, but that deal stopped short just as Apple and Qualcomm reached a settlement in ... Read More »

Hotel Leelaventure’s Rs 3,950 crore asset sale to Canada’s Brookfield Asset Management has run into a roadblock with the Securities and Exchange Board of India (SEBI) putting the transaction on hold after a complaint by minority shareholder ITC. The tobacco giant, which owns 7.9 percent in Hotel Leela, has alleged that ... Read More »

Singapore/Seattle: In a rare retreat for Amazon.com Inc., the e-commerce giant plans to shut down its Chinese marketplace business in July as it shifts its focus to offering mainland consumers overseas products rather than goods from local sellers. Amazon will keep running its other businesses in China, including Amazon Web Services, ... Read More »

MUMBAI: Reliance Jio Infocomm’s fibre network unit is raising about Rs 27,000 crore in syndicated loans from a group of banks, three executives aware of the financing plans told ET, as the newly created infrastructure business expands to meet expected demand for its assets from sectors such as power besides telecom and ... Read More »

Tata MotorsNSE 2.17 % Saturday said it has sold its stake in subsidiary TAL Manufacturing Solutions Limited to sister concern TASL for Rs 625 crore for the aerospace business. Tata Motors also said that it has acquired non-aerospace business from TAL Manufacturing Solutions Limited (TAL) for Rs 10 lakh. “…we would like to ... Read More »

One thing clear is that you want to write good business. I am not going to focus on topline and ignore the bottomline. We want to be selective but having said that there have been challenges in the motor insurance business. We have run into some huge challenges. We are devising ways ... Read More »