Snapdeal turns cash-flow positive in June; to reinvest for growth
In an internal letter shared with employees and their families, founders Kunal Bahl and Rohit Bansal said the ecommerce firm had turned cash-flow positive in the month of June, becoming the only Indian ecommerce firms to achieve this.
Internet giants need to re-invest profits in India to generate jobs: Ravi Shankar Prasad
The govt asked IT giants to re-invest revenues and profits in India for generating digital infrastructure. India provides one of the biggest foot-print for popular social-media and digital platforms, IT minister said. He said that India believes in internet access for all and it cannot be the monopoly of a few.
Second edition of RE-Invest postponed for the fifth time
Another official added: “We just held the inaugural session of the International Solar Alliance (ISA) on March 11. People did not want to travel to India again in such quick succession”.
MNRE plans RE-Invest alongside ISA's 1st General Assembly meet, in October this year
This year’s RE-invest assumes particular importance as the India has scaled up its renewable energy capacity addition target from 175 GW to 227 GW over the next four years, industry experts say.
Six reasons to go for a business loan
If you run a business, there are a number of reasons why you may need a loan, which can be many, but let us take a look at six such reasons.
Does dividend reinvestment option in ELSS funds make sense after DDT?
The finance minister has imposed a dividend distribution tax of 10 per cent on equity mutual funds in the last budget.
Uber to reinvest profits back into tech, emerging markets like India: Dara Khosrowshahi
Khosrowshahi said the company's core business has continued to perform very well and the number of trips on the platform grew 43 per cent, while bookings grew 55 per cent to $11.3 billion compared to last year.
China temporarily exempts foreign firms from taxes for reinvested profits
The temporary exemption on provisional income tax is retroactive from Jan. 1 this year, which means firms that have paid taxes this year will be refunded.
Should you reinvest ELSS money every three years to claim tax breaks?
Some retail investors like to reinvest their money in Equity Linked Saving Schemes (ELSS) every three years to claim tax benefits under Section 80C.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service