Google said in its court filing that the states failed to show that it illegally worked with Facebook, now Meta, to counter "header bidding," a technology that publishers developed to make more money from advertising placed on their websites. Facebook is not a defendant in the lawsuit.
The startup ecosystem, including the venture capital and private equity funds that back such upcoming companies, have made a joint representation to the government outlining the gaps in the taxation system and point-by-point demands for the upcoming budget.
Investors had lapped up the tech stocks, boosting valuations, on account of record-low yields on bonds. Analysts said compressed bond yields raised the value of future cash flow of these companies.
Under the Pillar One of the global deal, all signing countries are required to withdraw their existing digital services taxes and other relevant similar measures with respect to all companies and also commit not to introduce any new unilateral measures in the interim period.
This week, Microsoft Corp. agreed to pay a stunning $68.7 billion—all cash—to acquire Activision Blizzard, the company behind blockbuster games such as 'Call of Duty' and 'Candy Crush'. Here's the deal explained, in numbers.
Almost 92% of founders who attempted to raise capital in 2021 said they had a favourable experience and 75% of them expect the environment to get better this year, according to InnoVen Capital’s Startup Outlook Report 2022.
TCS believes the Indian market will be platform-driven as more businesses digitise their processes. Amazon has offered help to Future Retail, amid a legal battle to stall the Reliance-Future deal, but with a rider.