Beware! Your bank accounts can be suspended.


FYI

Accounts opened from July 2014 to August, 2015 will have to submit know your customer (KYC) details and their Aadhaar number to banks and financial institutions by April 30 and self-certify them to comply with FATCA regulations (Foreign Tax Compliance Act), the tax department said on Tuesday. In case the account holders are unable to […]

April 12, 2017

Flipkart acquires eBay India


FYI, Tech

As widely speculated, India’s biggest e-commerce website Flipkart has acquired eBay India. The company announced this on Twitter. Flipkart has also raised $1.4 billion from Tencent, eBay and Microsoft. This is the biggest round of funding by an Indian internet company till date. With this latest round of funding, Flipkart valuation has reached $11.6 billion […]

April 10, 2017