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Economic Times (India) 08/05/2020 11:08
About 120 large product companies, including prominent ones such as Zoho, Freshworks, Tally Solutions and Quick Heal Technologies, have written to Union Minister of Electronics and IT Ravi Shankar Prasad requesting that the government should do away with tax deducted at source (TDS) on local software products and Softex forms that assess the value of a product each time it is exported.
Economic Times (India) 08/05/2020 10:21
Reliance Communications (RCom) has told the Supreme Court (SC) that its insolvency process had started before the apex court's hearing and verdict on adjusted gross revenue (AGR), and thus it had no intention of evading paying its statutory dues. It also indicated that it is not responsible for Sistema Shyam Teleservices' (SSTL) AGR dues, saying the latter was still a separate legal entity."...the CIRP of the Corporate Debtors commenced even before the hearingsin the AGR proceedings commenced, let alone the pronouncement of the AGR Judgment and was not triggered as a consequence of the said Judgment," the bankrupt telco said in an affidavit filed in the top court in Tuesday. The telco, which is in the last leg of its insolvency resolution p.
Economic Times (India) 08/05/2020 09:20
NEW DELHI: Logistics developer e-Shang Redwood (ESR) has acquired a 39-acre land parcel in Chennai’s Oragadam suburb for Rs 332 crore to develop an industrial park. ESR, a venture of private equity firm Warburg Pincus and global investors, said the warehousing space is witnessing high demand and the pandemic has boosted the sector further. The developer is also in talks to acquire another 60 acres of land in Chennai and 40 acres in Lucknow. “We have recently made three major investments in Sohna, Haryana, Pune’s Chakan and the latest on the list is Chennai. Talks of two more acquisitions are in the final stages,” said Abhijit Malkani, country head of ESR India. According to a Knight Frank India report, warehousing demand in India has seen s.

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