Connect with us

Latest News

Amazon, Flipkart, and Snapdeal Join Hands To Contradict GST Provision

Published

on

Amazon,Flipkart and Snapdeal Join Hands To Contradict GST Provision,Startup Stories,2018 Latest Business News & Updates,Startup Stories India,GST Effect on E Commerce Business,Amazon Latest Business News,Flipkart and Snapdeal Business News 2018,GST Latest News

E-commerce giants Amazon, Flipkart and Snapdeal joined hands to oppose the GST provision. These three companies set aside their differences and came together on Thursday to voice their opinions on tax collection at source (TCS) under the draft model Goods and Service Tax (GST).

According to TCS Norms, online markets should deduct an amount from the total payable to sellers and remit it to the government.

Sachin Bansal, co-founder of Flipkart spoke on the press meet on 9th of this month saying: “None of us is saying GST is bad. It is going to be transformative for e-commerce sector as well as India. However, TCS is a serious issue.”

He also added saying that there are many other ways to ensure that the sellers on the online market platform pay their fair share of taxes.

Amazon’s India head Amit Agarwal and co-founder and CEO of Snapdeal Kunal Bahl said e-commerce companies can share data with the authorities and this will surely make sellers more tax complaint.

At a FICCI event, Bansal confirmed that this had been already taking place in three states – Rajasthan, Delhi, and Kerala.

Bahl said that the proposal of tax collection at source is directed only at e-commerce marketplaces.

Mr. Agarwal, however, said that TCS would completely change the path of e-commerce in India. He also said in a statement: “It is upon us to figure out policies that make the flywheel spin faster while achieving the objectives. And you can achieve this through real time data information sharing.”

Continue Reading
Advertisement
1 Comment

1 Comment

  1. Jameskip

    May 13, 2026 at 10:06 pm

    The atmosphere of this terpene fuse – blue power strain is exceedingly clean and fundamental, not too tireless but still noticeable in the most way. It blends smoothly and adds a much beat flavor chart without overpowering all things else. Orderly a small amount makes a balance, which says a loads with reference to the quality. The packaging was secure, shipping was faithful, and the unimpaired circumstance felt reliable. Actually decent spin-off and a certain I’d providentially command again.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Healthy Snacking Is Emerging as India’s Next Consumer Growth Story

Published

on

Healthy Snacking - Startup Stories

The healthy snacking category in India is no longer a niche trend it is steadily becoming a mainstream consumer movement. The latest funding momentum around brands like Phab highlights how investors are increasingly backing companies that sit at the intersection of health, convenience, and modern lifestyles. As urban consumers become more conscious of ingredients, nutrition, and long-term wellness, demand is shifting away from traditional packaged snacks toward products that promise both taste and better nutritional value.

What makes this market particularly attractive is its ability to create recurring consumer habits. Unlike many direct-to-consumer categories that rely heavily on one-time purchases, healthy snacks naturally fit into daily routines. This opens opportunities for brands to build stronger customer loyalty while expanding into adjacent categories such as protein-rich foods, functional beverages, and wellness-focused products. The competition is no longer about selling snacks it is about owning a larger share of the consumer’s health journey.

Looking ahead, the biggest winners may not be the brands with the widest product portfolios, but those that can balance nutrition, affordability, and taste at scale. As health-conscious consumption expands beyond metro cities, India’s better-for-you food segment could evolve into one of the country’s most significant consumer categories. The growing flow of capital into this space signals that investors are betting on a long-term behavioral shift rather than a short-lived food trend.

Continue Reading

Latest News

Why Capital Is Flowing Toward Bharat-Focused Fintechs Again

Published

on

Indian

India’s fintech sector is entering a new phase of growth, and the spotlight is increasingly shifting toward underserved consumers in smaller cities and towns. The recent funding secured by WeRize reflects growing investor confidence in platforms that are expanding access to financial products such as credit, insurance, and other services for customers who have traditionally remained outside the reach of formal financial institutions. As digital adoption deepens across the country, fintech companies are finding significant opportunities beyond metro markets.

What makes this trend notable is the industry’s transition from simply enabling digital payments to building broader financial ecosystems. Rather than focusing on a single service, fintech firms are expanding their product portfolios to meet multiple customer needs under one platform. This approach not only strengthens customer relationships but also creates more sustainable business models by increasing engagement and lifetime value.

The larger implication is that India’s next fintech growth story may be driven by financial inclusion rather than convenience alone. Investors are increasingly backing companies that combine technology, data-driven underwriting, and localized distribution to serve emerging consumer segments. As competition intensifies, the ability to build trust, offer relevant products, and address the financial needs of Bharat could become a key differentiator for the next generation of fintech leaders.

Continue Reading

Latest News

OpenAI’s Trusted Contact Feature Signals a New Direction in AI Safety

Published

on

Open AI

OpenAI’s introduction of trusted contact safeguards for potential self-harm cases reflects a major evolution in AI responsibility.

Beyond Moderation

AI safety is shifting from simply blocking harmful content to actively supporting user wellbeing through:

  • early risk detection
  • human-centered intervention
  • stronger emotional safety frameworks

This positions AI as more than an information tool—it becomes part of broader digital support systems.

Key Industry Impact

Trusted contact models could influence future safety standards across:

  • AI assistants
  • mental health platforms
  • social media
  • digital health services

The Bigger Challenge

While promising, success depends on balancing:

  • privacy
  • consent
  • ethical intervention
  • user trust

Final Take

This move signals that the future of AI safety may rely not just on preventing harmful responses, but on building more responsible, human-connected support systems.

Continue Reading
Advertisement

Recent Posts

Advertisement