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Rs 37 lakh penalty on Samsung for not passing GST credit

Tuesday, March 3, 2020, 10:20 AM

Rs 37 lakh penalty on Samsung for not passing GST credit

The National Anti-profiteering Authority (NAA) has ordered Samsung to pay up Rs 37.85 lakhs for not passing on the benefits of lower goods and services tax (GST) rate to consumers on televisions. The authority noted, “The prices of the products affected by the rate reduction were not decreased commensurately, hence violating section 171(1) of the CGST Act 2017,” in its order dated February 27. The NAA further said in its order that Samsung India had increased prices for appropriating the tax reduction 'with the intention of denying the benefit to consumers.' The GST Council has reduced rates on LED/LCD TV sets to 18% from 28% from January 1, 2019.
Companies GST rate finder GST

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Amazon launches Rekindle to get more women into the workplace

Tuesday, February 25, 2020, 11:20 AM

Amazon launches Rekindle to get more women into the workplace

Amazon India has launched a new program to bring more women back into the workplace. Rekindle 2.0 as this initiative has been called, will be rolled out at its Bengaluru office, followed by other cities in India. The company has over 62,000 employees in India, and diversity is an important thrust area for Amazon, said Deepti Varma, Director, HR – India and EMEA, Amazon. “Rekindle is aimed at women who have taken a break and need help coming back to work. This will have a lot more flexibility and coaching for them,” she said. Prospective employees will start with working on projects or assignments which can be managed part-time to ease them into working in a full-time role. The company has selected specific jobs or roles across different functions to launch this program, said Varma.
Amazon India Companies

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Paytm is forcing users to uninstall TeamViewer, AnyDesk apps to prevent fraud

Wednesday, February 5, 2020, 11:39 AM

Paytm is forcing users to uninstall TeamViewer, AnyDesk apps to prevent fraud

Paytm is asking users to uninstall apps like TeamViewer and AnyDesk. Recently, it was reported that fraudsters were able to con a Paytm customer based in Mumbai about Rs 1,72,000 by simply asking them to update their KYC details. When the victim tried to upload his KYC details, he was asked to download the TeamViewer app. In the midst of fraud and spams, Paytm is now taking matters in its own hands and blocking its customers from using the service as long as they have TeamViewer installed on their phones. As a result of the recent fraud, Paytm’s developers have blacklisted multiple TeamViewer apps. Paytm is now suggesting users uninstall the TeamViewer app before using their services.
Paytm Companies Remote access app fraud

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Antivirus firm Avast is reportedly selling users' web browsing data

Tuesday, January 28, 2020, 1:04 PM

Antivirus firm Avast is reportedly selling users' web browsing data

Avast, which makes free antivirus software that's used by millions of people around the world, is reportedly selling "highly sensitive" web browsing data via a subsidiary company called Jumpshot. The software appears to track users clicks and movements across the web, and collects data on things like searches on Google and Google Maps, as well as visits to specific LinkedIn pages, YouTube vids and porn websites, according to an investigation published by Motherboard and PCMag. The collected data is then reportedly repackaged and sold by Jumpshot, which says on its website that it's able to deliver data on users actions behind "the Internet's most valuable walled gardens."
Companies Antivirus

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Fake food shops flourish on Swiggy users in distress

Saturday, January 4, 2020, 10:23 AM

Fake food shops flourish on Swiggy users in distress

On the New Year's eve, 11-year-old Saisha who lives in a society in Noida's Sector 143 wanted to savour a Black Forest cake. Swiggy was dialed in and an order was made from a nearby cake shop with an extensive, mouth-watering menu. After half an hour or so, an apologetic call came from a Swiggy executive, saying he could not locate the shop in the map directed to him as there was no such shop visible. A so-called senior executive told the family that at least 4-5 riders went looking for the cake shop but to no avail, telling them to cancel the order. The same family told IANS that it went through another ordeal on Swiggy a couple of months back when a dinner order resulted in a shocker when the rider told them that he was standing next to the restaurant but it was not operational, telling the family to cancel the order.
Swiggy Zomato Companies

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Your daily essentials could get more expensive in 2020

Monday, December 30, 2019, 10:23 PM

Your daily essentials could get more expensive in 2020

While we look forward to the new year, we're afraid there's already some bad news. Even though demand suffered amid an economic slowdown, your daily essentials are expected to get costlier next year. Despite a cut in corporate tax, fast-moving consumer goods (FMCG) companies indicated a hike in prices, citing input cost pressures. Hence, you may find yourself paying more for some essential products. Leading dairy manufacturer Amul has already increased prices by Rs. 2/L across states while Mother Dairy, another industry leader, raised prices by Rs. 3/L in Delhi-NCR.
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Snapdeal founders summoned in ‘fake’ HUL products case

Thursday, December 19, 2019, 11:07 AM

Snapdeal founders summoned in ‘fake’ HUL products case

The Delhi High Court has ordered Snapdeal founders Kunal Bahl and Rohit Bansal to personally appear before it on January 9, in a contempt case where two sellers had allegedly listed counterfeit Hindustan Unilever products on the platform by flouting a court order, two people in the know of the matter said. On Tuesday, Snapdeal’s lawyers filed a plea seeking exemption from personal appearance for Bahl and Bansal. The court is expected to hear that on January 7, one of the people said. In the case that has been ongoing for several months now, HUL claimed that the sellers had offered fake Indulekha-branded hair oil and hair cleanser on Snapdeal. The consumer goods company that owns the brand had made Snapdeal and its logistics partners party to the case.
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Myntra launches alteration service in select cities

Tuesday, December 3, 2019, 4:52 PM

Myntra launches alteration service in select cities

Fashion e-commerce company, Myntra has launched ‘Alterations’, a new value-added service for its customers which will enable shoppers to opt for alteration services at their doorstep for apparel purchased on Myntra, the company said in a statement. The company has partnered with tailors for providing this service, enabling them to earn an additional income and grow their business. The feature is being rolled out ahead of Myntra’s End of Reason of Sale in December to make online shopping more convenient for its customers and attracting a cohort of offline-only customers to try online shopping. Customers will be able to opt for an alteration service once the product is delivered. The tailors will pick up the product from the customer’s residence after taking necessary measurements and deliver them to the customer, within 24 hours to 48 hours. The alteration service is being offered at no extra cost to customers.
Myntra Online Shopping Companies

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Pet owner drags Zomato to court over missing dog

Thursday, October 17, 2019, 10:20 AM

Pet owner drags Zomato to court over missing dog

A week after her two-month-old pet dog was allegedly taken away by a food delivery executive, Vandana Shah has filed a public interest litigation (PIL) in Bombay High Court (HC) against food aggregator Zomato. Her plea is that identification documents, like Aadhaar, of delivery executives should be made available to customers. In the PIL, Shah has urged that while delivery professionals possess all details of those who have placed the orders, the latter have nothing on them. Shah’s pet beagle, Dottu, went missing on October 7 from her factory-cum-residential premises on Karve Road. She and her family took to social media, requesting help to trace the puppy. A day after the pet went missing, she was able to find out that Dottu had been taken away by a food delivery executive. She managed to track down details of the person in question and called him.
Online food ordering Zomato Companies

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OYO, Zomato and Other Unicorns Come Together To Fight Online Fraud

Thursday, October 3, 2019, 11:15 AM

OYO, Zomato and Other Unicorns Come Together To Fight Online Fraud

In the face of increasing online frauds leading to financial losses, Indian tech giants have decided to come together to address the issue and save customers from such cybercrimes. A TOI report, citing people aware of the development, said that the companies who have taken cognizance of the issue are MakeMyTrip, OYO, Paytm, Swiggy, Zomato, and Uber. Last week, the companies together met the Reserve Bank of India (RBI) representatives and made a joint representation on the issue. The presentation also addressed the plan on how to curb these online frauds, which are reportedly engineered via fake toll-free numbers and serial bank account generators. These companies also shared a database of about 4,000 SIM card numbers and 350-400 bank account numbers with the RBI, State Bank of India (SBI) and the telecom companies. The tech giants have also reached out to Google about how its search engine is used by cybercriminals to make their fake toll-free numbers appear on top of search results.
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