Flipkart takes the brand ads route for revenue

India’s largest e-commerce firm Flipkart has tied up with leading brands to serve ads on its platform as it explores alternative revenue streams to offset losses made by its core business.

The company has signed up 50 partners like YES Bank, L’Oréal, Micromax and Intel to go live with its ‘Brand Story’ ad format. Read More

Ringing Bells starts refunding money to customers

Noida-based Ringing Bells, which has promised to sell smartphones for Rs 251 apiece, has started refunding money to customers due to negative speculation around its claim. Read More

Retro tax ghost returns to haunt Vodafone

Just days after Prime Minister Narendra Modi said retrospective taxation was a closed chapter and promised a “transparent, stable and predictable” tax regime, the income tax department has done just the opposite.

In a notice to Vodafone, the tax department said it might seize the British firm’s assets in the country if it failed to pay Rs 14,200 crore in disputed tax.

Read Full Article Over Here: Business Standard

Air India to fly Dreamliner on domestic routes

Air India plans to get back its lost status as the king of domestic skies and challenge the competition from IndiGo. The state-owned airline plans to raise its capacity on domestic routes by using wide-bodied Boeing 787 Dreamliner planes on high-capacity routes.

Currently, it uses the narrow-body Airbus A320 on such routes. Simultaneously, the airline will fly the A320s between the Tier-II and Tier-III cities, which experts believe has a huge potential due to the government’s stress on regional route expansion.
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