Good Morning! News 27.11.2014 1. Attorney-General Mukul Rohatgi has asked the income-tax department to desist from appealing against the Bombay High Court’s October 10 order that British telecom major Vodafone would not have to pay the Rs 3,200-crore additional tax demanded by Indian authorities. 2. In its first acquisition in India, American online retail giant Amazon is planning to buy out fashion portal Jabong. According to a report by VCCircle, Amazon is in an initial-stage discussion to acquire Jabong, backed by Rocket Internet, in a deal worth about $1.2 billion. 3. Alibabas Jack Ma has given the clearest indication yet that the worlds largest ecommerce group is ready for a bigger play in Indias online retail industry, likely making the country one of the fiercest battlegrounds for global consumer Internet companies. 4. The National Democratic Alliance (NDA) government, which completed 100 days in power on Wednesday, articulated its blueprint for energy security which guarantees adequate supply at affordable prices. 5. In a significant development, Mumbai-based Parle Products, the maker of biscuits, snacks and confectionery, has decided to rationalise its product portfolio by reducing brands from 50 to 20. The exercise, which commenced about four months ago, is expected to be completed by the end of this financial year, according to Pravin Kulkarni, general manager (marketing) at Parle Products.
Posted on: Thu, 27 Nov 2014 04:08:05 +0000
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