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  • France has been at the forefront of efforts to tighten taxation of digital giants and parliament infuriated the administration of President Donald Trump in July by adopting a law taxing digital firms like Google, Apple, Facebook and Amazon for revenues earned inside the country.

    The bull market of 2003-2007 saw capital goods and EPC companies at the vanguard.

    If an IPO doesn't take place in 5 years, then SoftBank will have the right to sell its stake to a rival.

    The company's losses stood at Rs 791.03 crore for the year ended March 2018, as per regulatory documents.

    The issue might only be picked up later next year as WhatsApp's payments ambitions have virtually been thwarted.

    The French parliament infuriated the administration of President Donald Trump in July by adopting a law taxing digital firms like Google, Apple, Facebook and Amazon for revenues earned inside the country. Talks to resolve the issue have so far failed, and on Monday Washington threatened to impose tariffs of up to 100% on $2.4 billion in French goods.

    Startups are increasingly writing software that allows mainstream companies to do things that the consumer internet giants pioneered, like constant online monitoring of how people use products, regular updates and personalization.

    PhonePe has seen its losses mount to Rs 1,904.72 crore in 2018-19 from a loss of Rs 791.03 crore for the year ended March 2018. However, its revenue from operations rose manifold to Rs 184.22 crore in 2018-19 as against Rs 42.79 crore a year ago.

    The OECD is overseeing negotiations among 134 countries to forge a system to make firms pay taxes in the countries they operate, amid growing public anger over tax-avoidance techniques allowed under current laws.

    Anyone who wants a glimpse of Amazon’s expansive appetite might pay a visit to BWI Airport. Workers are putting the final touches on a $36 million, 200,000-square-foot building, financed with tax-exempt bonds, that will dwarf Amazon’s current airport operations. There are bays for 93 tractor-trailers to load and unload at once.

    The social networking company said about 2.2 billion people used at least one of its apps on a daily basis in September, and around 2.8 billion were active on a monthly basis. The company, which is one of the largest ad platforms globally, saw its ad revenue in the September quarter rise 28 per cent YoY to $17.38 billion.

    Revenue, however, more than halved to Rs 4,147 crore during the fiscal year, from Rs 9,337 crore in the previous year. The local unit of the US search giant said revenue slipped due to the adoption of Ind-AS accounting standards.

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