The buzz is that the Income Tax department stands to make a whopping $2 billion from the $16 billion Walmart-Flipkart deal.

A team of three IIM-C students, Alan Shaji Idicula, Urjaswit Lal and Tushar Kumar, came up with the unique idea of installing wall-length billboards on the walls of the metro stations designed to look like a series of supermarket shelves and tying up with e-commerce majors like Flipkart or Amazon to start the virtual store.

While the ongoing trade war between the US and China has sent alarm bells ringing, India can end up as a major beneficiary if it play its cards right.

After a seemingly endless stream of gloomy news and falling values, sentiment has finally started to show signs of improvement globally against the backdrop of the upcoming visit of Chinese delegates to the US in order to re-ignite trade talks.

The CCI concluded that Flipkart and Walmart \"are neither close competitors in the B2B sales nor have a combined market share that raises competition concern\".

The Walmart-Flipkart deal is expected to help the government rake in up to Rs 13,700 crore.

Some of the other demands by the truckers include abolition of TDS, rationalisation of Income tax Act, smoother functioning E-way bill, national permit for tourists and buses and abolition of direct port delivery tendering system.

Cost of living for expatriates in Mumbai is the highest in the country, and more expensive than its global peers like Melbourne and Frankfurt, said a survey.

Companies of all hues, including old warhorses, are now betting on stock options to ensure employee loyalty

facing heat for its failure to cope with increasing crude oil prices, the government finally has some respite in the form of its GST collections for April.

Nikesh Arora is hogging the headlines for the fat pay packet worth about $128 million that he has bagged in his new job as CEO Palo Alto Networks Inc, reportedly making him one of the highest-paid US executives.

In last six days, petrol price in Delhi has come down by 47 paise from its record high of Rs 78.43 on May 29. Before reducing the prices, oil marketing companies had hiked the fuel cost for 16 consecutive days - from May 13 to May 29, petrol price was raised by Rs 3.8 and diesel by Rs 3.38 per litre.

In last five days, petrol price in Delhi has come down by 32 paise from its record high of Rs 78.43 on May 29. But, the reduction amount is still lower than what the oil marketing companies hiked in 16 consecutive days - from May 13 to May 29, petrol price was raised by Rs 3.8 and diesel by Rs 3.38 per litre.

After a constant hike for 16 days, petrol and diesel prices cut by 1 paisa on Wednesday. Fuel prices have seen a sharp rise soon after the polling concluded in Karnataka assembly elections.

The government is facing flak over its inability to come up with some formula to contain the prices. However, the options before the current dispensation are limited. The opposition is calling for excise duty cut on fuels which the Centre does not want to do for fear of slipping on fiscal deficit target.

The rags to riches story of Cake Box owners, Sukh Chamdal, 56, and Pradip Dass, 46, reflects the Indian ethos of determination and hard work. However, for these businessmen, the dream is to have around 250 Cake Box stores across the globe. 

The Central government levies Rs 19.48 excise duty on a litre of petrol and Rs 15.33 on diesel. States charge value added tax that varies from state to state. In Delhi, VAT on petrol is Rs 16.41 and on diesel Rs 10.05.

The US is investigating price manipulation in cryptocurrencies; upstream oil producers such as ONGC and Oil India may have to bear the brunt of a windfall tax as part of the \"long term\" solution that the government appears to be working on to contain rising fuel prices and top I-T officers probing Nirav Modi scam under CBI scanner. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

India is likely to see a jobs windfall in three areas - sales, services, and logistics. That is because India is a domestic consumption market and when more products are manufactured, they would need to stored, transported, delivered.