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E-commerce firms like Snapdeal and Amazon will have to mandatorily deduct up to 1 per cent TCS (Tax Collected at Source) while making payments to their suppliers under the GST regime which is expected to kick in from July 1

California has alleged that Amazon used contract provisions to effectively bar third-party sellers and wholesale suppliers from offering lower prices for products on non-Amazon sites.

In this new role Tyagi will be responsible for leading the organisation into the next stage of its journey, as it looks to leverage its pan-India distribution channel and wallet licence.

Google said that it recognised that recently adopted Digital Markets Act would require Google Play to adjust the operating models of their online marketplaces for European Users.

Earlier the post of CTO was held by Razorpay’s Co-Founder Shashank Kumar who will now take on the designation of Co-Founder and Managing Director.

According to Industry experts, the move is in direct conflict with the sector regulator’s position to open up this spectrum band.

Besides heading Amazon Music as director, Malhotra has also worked with Sony Music India and Tips Industries in the past.

The bonuses of CEOs at the top 10 tech companies soared a massive 400 percent on average during the pandemic between 2020 and 2021.

Amazon not just faces an antitrust fine but was allegedly abusing its dominance in the market. This is the latest action against US Big Tech in the EU

The watchdog ordered Apple to pay 134.5 million euros and e-commerce firm Amazon 68.7 million euros for infringing EU laws