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Indonesia e-commerce tax: Jakarta’s bid to tackle shadow economy; new regulation for online shopping platforms

Indonesia is drafting a new regulation to tackle its “shadow economy,” making changes to how sellers and platforms operate across the booming online shopping sector.The rule would require e-commerce platforms to collect and remit part of sellers’ sales income to the government, the country’s tax office said.Reuters had earlier reported that the plan involved a…

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IND A vs ENG Lions Live Score, 2nd Unofficial Test: KL Rahul’s classy hundred steers India A to strong position vs England Lions

India A vs England Lions Live Score, 2nd Unofficial Test: KL Rahul marked his return to first-class cricket with a masterful 116 as India A posted 319 for 7 on a rain-interrupted Day 1 against England Lions. Facing a challenging attack led by England veteran Chris Woakes, Rahul displayed textbook technique, crisp strokeplay, and composure…

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Top 5 news of the day: Rajnath Singh seeks oversight of Pakistan’s nukes; Trump waters down claims on India-Pak ceasefire mediation, and more

Today’s top news covers major development in politics, international affairs and defence. Defence minister Rajnath Singh called for IAEA oversight of Pakistan’s nuclear weapons following repeated threats. US president Donald Trump reiterated his role in mediating the India-Pakistan ceasefire and said India’s offer to eliminate tariffs on American goods as part of a trade deal….

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Flipkart to launch $50 million employee stock buyback; over 7,000 staff may benefit – check details here

NEW DELHI: Walmart-owned Flipkart has announced a $50 million employee stock buyback plan that will benefit approximately 7,000–7,500 employees. The move comes as the ecommerce major prepares for a potential IPO filing next year.The buyback will allow employees to liquidate up to 5% of the stock options vested between July 6, 2022, and July 5,…

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Air India may sign over 10 new codeshare agreements soon; focus on North America, Europe & Africa expansion

Since its acquisition by the Tata Group approximately two years ago, Air India has signed 19 codeshare agreements. (AI image) Air India plans to establish over 10 additional codeshare partnerships during this financial year with an aim to substantially enhance the airline’s connectivity across North America, Europe and Africa.Since its acquisition by the Tata Group…

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