Top 10 business headlines: Digital tax, new FDI e-commerce rules, and more

Here are the top 10 business stories that made news on Thursday

Google, Facebook, Twitter, Amazon stare at 30-40% digital tax blow in India

Global technology giants such as Google, Facebook, Twitter, and Amazon may soon have to pay a ‘digital tax’ in India. The Central Board of Direct Taxes (CBDT) has prepared a draft proposal under the newly introduced concept of “significant economic presence”, also known as digital permanent establishment (PE), which seeks to impose tax at 30 to 40 per cent rate based on the revenues and user base of such companies in India, sources familiar with the development said.  Read on

Lenders in pilot's seat at Jet Airways; Goyal's