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MNCs in India may face higher taxes

Friday, April 19, 2019, 6:11 PM

Multi-national companies (MNCs) based in India may soon face a higher tax burden, according to the source. The rules for attributing profits to MNCs having a permanent establishment in India are set to change if the draft report issued by a Central Board of Direct Taxes (CBDT) appointed committee is adopted, the report said.
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Gold gains Rs 305 on jewellers' buying

Friday, April 19, 2019, 6:08 PM

Gold prices on April 19 surged by Rs 305 to Rs 32,690 per 10 gram in the national capital on account of increased buying by local jewellers, according to the All India Sarafa Association. Silver also rose by Rs 204 to Rs 38,450 per kg on more offtake by industrial units and coin makers.
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Flipkart CEO Kalyan Krishnamurthy Denies Exit Report

Friday, April 19, 2019, 6:07 PM

Flipkart CEO Kalyan Krishnamurthy has called a report "baseless" which stated that Walmart would soon announce his replacement. "This is just not true. I am at Flipkart for the long term and fully committed to... Walmart-Flipkart partnership," he said. Walmart India executive Rajneesh Kumar said Walmart CEO Doug McMillon commended Flipkart Group's leadership during his recent Bengaluru visit.

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