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Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO). His comments come two days after Alibaba announced the largest restructuring in the company's history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs.
With Covid restrictions gone, demonetisation cash deposits back under the Income Tax scannerTax assessments for 2016-17 were completed by December 31, 2019 when it became time-barred. But in cases where tax returns were not picked up for scrutiny, or where new evidence has emerged, the persons concerned are being to… Read MoreBring bills for population control, uniform civil code: BJP MP Nishikant Dubey in Lok SabhaSpeaking during the Zero Hour, Dubey said to save the country and its demography, the government should bring Uniform Civil Code Bill and Population Control Bill.
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… Read MoreIndian Army faces a carbine shortage in Ladakh, seeks urgent supply to aid close combatThe army has been without a close-quarter battle weapon for years, with officials saying that regular assault rifles are being used for the role, reducing the operational efficiency of troops. Sources have told ET that a larg… Read MoreMassive backlog in recruitment, promotions of SCs, STs in NDMC: Parliamentary panel"The committee noted that a massive backlog or shortfall exists in the direct recruitment and promotion of SCs and STs in group A, B, C and D categories of posts," the report, which was tabled in the Lok Sabha on Tuesday, sai… Read MoreLok Sabha passes Jammu and Kashmir Official Languages Bill, 2020Introducing the Jammu and Kashmir Official Languages Bill, 2020, Minister of State for Home G Kishan Reddy said it was a demand of the people of Jammu and Kashmir that the language they speak should be the official language.
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