Experts have expressed concerns over Wipro's underperformance in terms of growth and operating margins compared to its peers under Delaporte. Last month, Delaporte told ET that he had the full support of the board.
The body chaired by union finance minister Nirmala Sitharaman decided that all large cars, irrespective of how they are popularly classified (as SUV or otherwise), will attract 22% cess, an additional levy imposed over and above GST.
Fist bump, on hump day. In a major setback to India’s online gaming industry, the GST Council decided to levy a 28% tax on the full value of monies paid by users, a move industry stakeholders have termed “unconstitutional and irrational”. This and more in today’s ETtech Morning Dispatch.
OTT services are currently regulated under the IT Act, which will soon be replaced by the proposed Digital India Bill.
The move is aimed at appeasing restless employees who have been waiting for an initial public offering to profit from the shares they have been awarded as part of their compensation.
The government's decision to impose a 28% GST on the full face value of online gaming could result in users migrating to illegal gambling and betting platforms, industry executives said.
Ecommerce sales — excluding smartphones — have surged 24% in Q2. Industry insiders and research firms indicate that the growth in smartphones is driven by premium devices. This and more in today’s ETtech Morning Dispatch.