ByteDance decides to challenge allegations of tax evasion
Thu, Apr 8, 2021 1:19 PM

ByteDance decides to challenge allegations of tax evasion

Get it on Google Play
ByteDance will continue to challenge and litigate the indirect tax department's allegations of tax evasion. The Bombay High Court on April 6 permitted ByteDance to access its bank accounts only up to Rs 79 crore, and pay the amount it owes to Goods and Service Tax authorities. Tax authorities had in March ordered a freeze on four bank accounts of ByteDance.

More great flips

Dr Reddy's working on Sputnik V stability data on 2 to 8 degree temperature

Dr Reddy's working on Sputnik V stability data on 2 to 8 degree temperature

Dr Reddy's Laboratories is in the process of generating additional stability data for Russia's COVID-19 vaccine Sputnik V, which has a storage condition of -18 C, on 2 to 8 C. The vaccine will be imported in a frozen condition from the Russian Direct Investment Fund (RDIF) with which it has an agreement to distribute 125 million human doses ( 250 million vials) in India, maintaining -18 to -22.

Open Flip
Bharti Airtel rejigs corporate structure to sharpen focus on digital

Bharti Airtel rejigs corporate structure to sharpen focus on digital

Bharti Airtel implemented a new corporate structure. The new structure involves Airtel Digital Limited folding into the listed entity Bharti Airtel. This will now house all of the digital assets spanning Wynk Music, Airtel X stream, Airtel Thanks, Mitra Payments, among others. The telecom business will be housed in a newly created entity — Airtel Limited a wholly-owned subsidiary of Bharti Airtel.

Open Flip
Coal India fuel allocation under spot e-auction increases 36%

Coal India fuel allocation under spot e-auction increases 36%

Coal India allocated 37.21 million tonnes of coal during the April-February period of FY20-21 under spot e-auction scheme, registering a year-on-year increase of 36.3%. The state-owned miner allocated 27.30 MT of coal in the April-February period of FY 2019-20. Fuel allocation by CIL under the scheme also increased to 4.41 MT in February, from over 3.31 MT in the corresponding month of 2019-20.

Open Flip

Join our Smart Investment Community

More than 100,000 users are using FlipItNews to stay updated about the business and finance world! Join FlipItNews now and take smart investment decisions!
Icon