CEO Satya Nadella spoke with US President Donald Trump on Sunday to salvage the company’s effort to buy TikTok’s operations in the US and several other countries. Microsoft
pledged to add more security, privacy and digital safety protections and ensure that all private data of Americans be transferred back to the US and deleted from servers outside the country. Read more
Gujarat High Court has allowed a footwear company to claim credit for taxes paid on service inputs under the goods and services tax (GST) regime, likely signalling relief for ecommerce majors such as Amazon, Flipkart and Urban Company. The court, while hearing a petition filed by VKC Footsteps India, said that the intent of the government by framing a rule restricting input tax credit cannot be the intent of law. Read more
Remittances across the world could decline by $108.6 bn this year as job losses mount and employers trim payrolls amid a Covid-19 pandemic that has devastated economies, according to a report by the Asian Development Bank. Remittances to Asia and the Pacific, which amounted to $315 bn in 2019, help fuel the consumption-led growth for some of the region's developing economies, including the Philippines. Read more
government said that it will not allow a three-language formula in Tamil Nadu.
The three-language policy has been proposed in the New Education Policy 2020 released by the Centre. Chief Minister K Palaniswami said for the last 80 years Tamil Nadu people have been following two-language policy and they want the same system to continue. Read more
The first astronaut trip to orbit by a private company parachuted to a safe conclusion in the Gulf of Mexico on Sunday. It was the first water landing by NASA astronauts since 1975, when the agency’s crews were still flying to and from orbit in the Apollo modules used for the historic American moon missions. Read more
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.