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Honda to focus on premium products to grow India business

CFO News

The company, which on Thursday introduced an updated version of its mid-size sedan -- City, plans to focus on products which are over Rs 10 lakh price tag powered by petrol and hybrid powertrains. The company, which is present in India through a wholly-owned subsidiary, plans to do away with diesel models in the country.

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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The government has said that the new tax will not apply in instances when a seller’s gross sales across an eCommerce operator through the previous 12 months have been less than about 5 lakh rupees (500,000 rupees or just under $7,000 USD). The law allows for fines of more than $5,000 per violation.