ByteDance, the Beijing-based company that owns TikTok, already runs a thriving social media marketplace on Douyin, its twin video app for the Chinese market. Buying products through social media websites isn’t yet as common in the US, though Pinterest and Facebook-owned Instagram have made some inroads and TikTok last year began making it easier for businesses to link to themselves from the app. … [Read more...] about TikTok leans into e-commerce with Shopify deal
The consortium of Kalrock Capital and Murari Lal Jalan won the bid to revive Jet Airways but not much is known about how Jalan made his riches and how he plans to revive the airline.According to a report in Marketfeed: "According to many in the business world, Murari Lal Jalan is a very mysterious man. There is not much information about how he was able to create all his wealth." "He has always kept a very low profile, and is not popular among the business communities in India or abroad. Totally inexperienced in the field, he has confused a lot of people as to how he was able to enter into the airline industry," it said. In the 1980s, Jalan started working at his family's paper trading business in Kolkata. He also worked as a trader for JK Paper and Ballarpur Industries, which were once big paper manufacturing companies. In 2003, he wanted to expand his paper business, and acquired Kolkata-based Kanoi Paper and Industries. He renamed it Agio Paper, and it currently has a manufacturing … [Read more...] about Who is Murari Lal Jalan, the ‘mysterious’ buyer of Jet Airways?
NEW DELHI: The Income Tax Department on Thursday extended the I-T exemption available under the LTC cash voucher scheme to employees of state governments, state-owned enterprises and private sector.The Central Board of Direct Taxes in a statement said that the payment of cash allowance, subject to maximum of Rs 36,000 per person as deemed Leave Travel Concession (LTC) fare per person (Round Trip) to non-central government employees, shall be allowed income-tax exemption subject to fulfilment of conditions."In order to provide the benefits to other employees (i.e. non-central government employees) ... it has been decided to provide similar income-tax exemption for the payment of cash equivalent of LTC fare to the non-Central Government employees also," the CBDT said.Non-central government employees include employees of state governments, public sector enterprises, banks and private sector.The conditions listed out by the CBDT for availing the tax exemption under the LTC cash voucher … [Read more...] about Private sector, state govt, PSU employees eligible for I-T exemption under LTC cash voucher scheme
Described by Prime Minister Narendra Damodaras Modi as a watershed moment in the history of Indian agriculture, Parliament approved, amidst vociferous protests from the opposition, three new farm bills -- The Farmers (Empowerment & Protection) Agreement of Price Assurance and Farm Services Bill, The Essential Commodities Act (Amendment) Bill and Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill – last week, and which soon became a law with the President assenting to them. … [Read more...] about What Swadeshi Jaagran Manch wants changed in Modi’s farm laws
After a protracted 28 year-long trial and after several full stops and U-turns (the proceedings against Lal Kishenchand Advani and other accused were dropped in 2001 and later reinstated), Judge Surendra Kumar Yadav of the Central Bureau of Investigation's special court deemed on September 30 that there was no credible evidence to implicate a conspiracy in the Babri Masjid demolition case; accordingly, all the 32 accused including veteran BJP leaders like Advani, Dr Murli Manohar Joshi and Uma Bharti were acquitted of any wrongdoing. … [Read more...] about View: CBI must not appeal Babri verdict