The Enforcement Directorate issued in early July a so-called showcause notice to Flipkart, its founders Sachin Bansal and Binny Bansal as well as current investor Tiger Global, for allegedly violating India's FDI rules for e-commerce.
Going by the taxman's definition, any transaction - even between two entities that are not based in India - can be taxed here.
Nayar is expected to have strong control over the company compared to founders of other startups
The government has open-sourced the CoWIN platform and will provide certification to the companies for the rollout, RS Sharma, chief executive of the National Health Authority (NHA), told ET.
This is not your typical, hyper funded consumer internet startup, as everything about it is different when compared to the other tech IPO candidates. We will unpack it all in today's letter.
The incorporation has been done to carry the business of providing payment aggregator services and payment gateway services under the Reserve Bank of India (RBI) rules and regulations, Zomato said in a regulatory filing.