The measure was first proposed in the Union Budget and is not intended to generate additional revenue, according to government officials. Rather, it is seen as a compliance tool designed to improve financial transparency and discourage under-reporting of income.
Author: Delshad Irani
EU slaps $800 million in fines on Apple and Meta over digital market violations
Joel Kaplan, Meta’s chief global affairs officer, accused the European Commission of singling out American firms. He said the Commission was “attempting to handicap successful American businesses while allowing Chinese and European companies to operate under different standards.”
Google exec says advertisers are shifting gears as CTV becomes the new prime time
Brands are increasingly weaving CTV into their media strategies. CTV’s rise also dovetails with an evolving search ecosystem.
Google antitrust trials: OpenAI expresses interest in acquiring Chrome, should Google be forced to sell
Google has not indicated that Chrome, which dominates the browser market, is for sale. However, head of product for ChatGPT Nick Turley’s testimony during the current antitrust trial, highlights how a forced divestiture could reshape the broader technology landscape.
CCI clears Kandhari Global Beverages and Coca-Cola’s Rs2000 crore deal for bottling unit
Kandhari Global Beverages, a long-standing Coca-Cola partner since 1993, has steadily expanded its presence in the market.
M&M leadership reshuffle: R. Velusamy named president of auto biz, Veejay Nakra gets farm equipment
The executive reshuffle was framed by Mahindra Group CEO and Managing Director Dr. Anish Shah as a strategic move to align leadership with the company’s long-term vision.
MIB’s Sanjiv Shankar transferred ahead of WAVES; Prabhat named Additional Secretary in I&B Ministry
The government has appointed senior bureaucrats Sanjiv Shankar and Prabhat to additional secretary roles in a significant administrative reshuffle. Shankar was pivotal in the organisation of the upcoming WAVES event.
Omnicom’s John Wren on IPG deal: ‘No fear of losing (clients) because of the transaction’
Omnicom’s revenue in the first quarter reached $3.7 billion, up 1.6 percent from the same period a year earlier. Organic revenue, which excludes the effects of currency fluctuations and acquisitions, rose 3.4 percent.
Sunscreen showdown: Honasa’s Ghazal Alagh takes a jab at HUL-owned Lakmé
Ghazal Alagh and Lakmé ignite a high-SPF showdown, spotlighting transparency, science-backed claims, and rising competition in an evolving skincare market.
Meta’s grip on social media faces major test in historic antitrust trial
At the center of the case are two pivotal acquisitions: Instagram, purchased in 2012 for $1 billion in cash and stock, and WhatsApp, acquired two years later for $22 billion.