Sales down by 30 percent on Amazon and Flipkart since new e-commerce policy came into force in India

Since the new e-commerce rules have come into force in India on Feb 1, the sales of Flipkart and Amazon fell by as much as 30 percent. The new regulations prohibit e-commerce companies from holding any stakes in companies that sell on their platform. Also for companies whose overall sale volumes cross the 25% mark

The notion of not going for an MBA degree after turning entrepreneur could be damaging

In an article published in the Bloomberg Businessweek, Scott Rostan has mulled over an idea that how not having an MBA degree has kept entrepreneurs of some of the startups like WhatsApp, Tumblr from guiding it towards its prime themselves, while also evaluating the decision of Snapchat’s entrepreneur Evan Spiegel of putting down the $3bn

Brazil: Annual income to be adjusted automatically by 4.5% for income tax assessment

The individual’s income will be automatically adjusted by 4.5% for one last time to provide for the inflation in Brazilian economy. The adjustment was first put in place in 2007 and was meant to be used until 2010 but it was further extended by the government till 2014 in the provisional measure 528. This tax

Australia: Opposition against the federal government’s scrapping of tax break

The federal government of Australia will roll back the tax break that was extended to small businesses from January 1 onwards. Earlier, the small businesses were allowed a $6,500 instant asset write-off which will now be brought down to $1,000 only. The news has been confirmed by Small Business Minister Bruce Billson’s office to which

#Microsoft is going to buy #Nokia mobile phone unit for 5.4Bn #Euros #business #globalannal #technology

  Both Microsoft and Nokia’s bosses say it’s a win-win deal for both organizations. Nokia’s Patents and Mapping services have also been licensed to Microsoft. Share prices of Nokia have jumped 45% after the news of the deal broke out. Source: BBC

Proposition 8 Supreme Court ruling could boost California’s wedding industry

The Supreme Court ruling on Proposition 8 that came out on Wednesday proved to be good news for the gay and lesbian couples in California who can now legally marry in the state. However Supreme Court didn’t realised that its ruling can boost prospects for Golden State’s wedding industry. There’s no specific data available on

US pushes China for stopping trade secret theft

The U.S. Trade Representative’s office has criticized China for not stopping the increasing theft of American trade secrets upon which the U.S economic might relies heavily. The incident is the latest addition in the incidents making Washington frustrated with China. “Not only are repeated thefts occurring inside China, but also outside of China for the

US Unemployment rate fell in March but Jobs creation figures dismal

The unemployment rate in US fell to 7.6 percent in the month of March. However just 88,000 jobs were added. This is causing concern as experts are of the view that the economy is beginning to cool after witnessing some strong months in the past. Although, the Friday’s jobs report is due, economists are expecting

Researchers claim William Shakespeare was callous businessman

Not most of us would associate the professional traits of a Hoarder, moneylender, and tax dodger with William Shakespeare. This may be shocking news for all Shakespeare fans but according to a group of academic researchers, Shakespeare had all these traits in him. The researchers argue that the novelist was a callous businessman who made

Office Depot going to acquire Office Max in $1.2Bn deal

Office Depot, office supply retailer, has bought over Office Max at an estimated price of $1.2Bn in an all-stock deal. The acquisition is one of the several large scale acquisitions that took last week. Office Depot has completed this acquisition at a time when it’s fourth quarter results didn’t came out as expected and it