Here are the India Business News Headlines as on 26th June 2017:
- Paytm Mall is digitising catalogues of more than 1,000 dealerships, of both cars and two-wheelers, to increase online usage and offline sales. The dealers are now using Paytm Mall QR Codes in print advertisements and outdoor installations, to drive sales or test-drive leads.
- With just five days for GST roll out, GSTN has reopened registration for new assessees who are not enrolled in the existing tax systems and for tax practitioners such as CAs. Existing assessees which did not apply earlier can also enroll. The system also opened for those to be registered as TDS and TCS.
- e-Shang Redwood, International logistics developer is returning to India with plans to invest over $100 million annually.
- Flipkart Snapdeal merger update – Investment bank Credit Suisse, which is advising Snapdeal on the proposed deal, is reaching out to smaller shareholders to get them on board for the acquisition. Meanwhile work is on some due diligence processes
for the said merger.
- To enter the online Grocery business, Tata group is buying out management team and tech infrastructure of GrocerMax. The team will help set up Trent Hypermarket, a JV between Tata and British retailer Tesco.
- Future Group will not invest in online e-commerce business for a minimum period of the next two years. The reason is huge losses being currently incurred by the present online retailers.
- V Resorts, a resort management company, has raised $4m from Seedfund, RB Investments. The funds will be used for expansion across the country and abroad.
- Google is planning to abandon its practice of scanning user email in its Gmail services to serve targeted ads. At the moment, paid Corporate customers emails are not being scanned, but now Google wants to create one uniform policy for this.
- Amazon is expected to receive nod for its Rs.3500Crore FDI proposal in July this year. Amazon will be able to sell third party, own private label food and locally sourced and packaged food.
*News as published in Business Standard, Live Mint and Economic Times.