GST updates, income tax, corporate tax, startup tax exemptions, and tax planning guides.
From AI-native lending platforms to equipment rental solutions, Indian startups continued to attract fresh capital across sectors today. The day saw Uncia raising $3 million to scale its AI-driven lending stack, while Mtandt Rentals secured INR 100 crore to accelerate expansion in the equipment rental ecosystem. Here’s a quick
A tax demand of INR 384 crore, including interest of INR 100 crore for the Assessment Year (AY) 2023-24, was imposed on Go Digit General Insurance by an Income Tax Order dated March 25, 2026. The majority of the changes are related to challenges that affect the entire sector. These
According to the company, NBF Tata Capital received a reassessment order from tax authorities, which raised a demand of INR 413.18 crore for the 2017–18 fiscal year. The order was uploaded on March 20, 2026, and it was issued by the Mumbai Deputy Commissioner of Income Tax under
India’s casino and gaming company, Delta Corp, has come under regulatory pressure after receiving a massive tax demand notice of ₹1,752 crore from the government. The development has triggered concerns among investors and led to a sharp reaction in the company’s stock price. Government Issues ₹1,752
A unit of the Income Tax (IT) Department has sent a tax demand notice to PhysicsWallah (PW) for a sum of INR 263.3 crore. The business announced the ruling in a filing with the stock market, citing Section 143(3) of the Income Tax Act as the basis for
According to a recent filing by the company, e-commerce startup Meesho intends to challenge an income tax demand notice totalling around INR 1,500 crore, including interest. On March 6, Meesho was notified for the evaluation year 2023-24. According to the document, a tax demand totalling INR 1,500 crore,
In the next years, the Indian government anticipates that Apple Inc. will manufacture 30% of its iPhones worldwide in India. In light of the US Supreme Court's decision, the government does not anticipate any changes to Apple's expansion plans. The 10% fentanyl tax that was levied
📚 Learning
Many Indians are shocked at how expensive luxury imported cars are in India compared with prices abroad, especially in Dubai, UAE. A recent LinkedIn post by entrepreneur Ashish Gupta sparked debate by highlighting the sharp difference in how much freelancers or high-earning professionals need to earn in India to afford
Godfrey Phillips India shares have surged 31% in just three trading sessions, helped by cigarette price hikes and easing tax concerns. Here’s what is behind the sudden stock market rally. Godfrey Phillips Share Price Rally: 31% Gain in Three Sessions Shares of Godfrey Phillips India rose more than 6%
India has recently taken a daring move in the quest for global AI infrastructure. Cloud service firms based in India that manage global workloads would be eligible for a tax break until 2047, according to Finance Minister Nirmala Sitharaman. Income from services offered abroad is effectively tax-free. Microsoft, Amazon, and
- The middle class and upper middle class get tax relief, as 30% tax only starts after INR 24 lakh. - The new tax regime is automatic, and if one wants the old one, they must actively choose it.
📰 News
For the high-earning Indian professional working remotely, the idea of European residency often seems like a distant, bureaucratic dream. However, Spain's Digital Nomad Visa (DNV), launched in 2023, has quietly emerged as one of the most compelling pathways to a life in the sun, offering a potent mix
🏆 Lists & Rankings
Running a small business means wearing a lot of hats, and the "bookkeeper" hat can get heavy fast. Before you know it, your desk is buried under a mountain of receipts, and your finances are living in a chaotic spreadsheet. It’s a familiar story, especially when tax
- California is home to 199 billionaires, and many have begun to exit before the tax takes effect in November. - 5% of Larry Page's wealth would exceed $ 12 billion, and he is unwilling to give that up in taxes. - Delaware, Nevada, Florida & Texas have become the new wealth destinations.
A goods and services tax (GST) demand order totalling INR 3,69,80,242 for the period of April 2019 to March 2020 has been sent to Eternal, the parent company of Zomato and Blinkit, together with interest and penalties. The Additional Commissioner of State Tax (Appeals), West Bengal, issued
Vodafone Idea, an Indian telecom provider, announced on 1 January that it had been hit with a penalty of 6.38 billion rupees, or around $71 million, for allegedly "short payment" of taxes. A day after the Indian government gave the indebted company a partial suspension on adjusted
Ducati India is counting on the India–EU Free Trade Agreement (FTA) to be a game-changer for the luxury motorcycle sector, as the country's premium motorcycle market struggles with a high 40% GST on bikes larger than 350 cc. The Italian superbike manufacturer claimed that an already specialised
Maharashtra goods and services tax (GST) authorities have sent Urban Company a tax demand and penalty notice amounting to INR 56.4 Cr. The company stated in a filing with the exchanges that the total sum consists of INR 51.3 Cr in primary tax and INR 5.13 Cr
🏆 Lists & Rankings
Startups, freelancers have been offered the smart tax tools that make things simple while filing taxes. These tools save time, enhance accuracy, and increase confidence during the final time when presenting taxes. Simple dashboards keep a record of income through bank accounts, just a fast way of marking deductible spending.
🏆 Lists & Rankings
Christmas is a holiday season when many people think of fun, going on a holiday, and relaxing at home. But some people see this period as a time to start a business. Starting a new business this Christmas will be very profitable and lucrative. There are lots of Christmas business
According to a business spokesman on 7 December, Deloitte will introduce an AI-powered platform called "Tax Pragya" this week to help its clients obtain tax research and insights more quickly. According to Deloitte India Partner Sumit Singhania, Tax Pragya, which is scheduled for debut on December 9, was
40% Inheritance Tax is making the rich rethink living in the UK. The government wants the rich to pay on everything they own worldwide, not just in the UK...
📰 News
This article has been contributed by Amit Das, Founder & CEO, Think360.ai This year’s festive season opens with two clear tailwinds: GST 2.0 and the mainstreaming of EMIs for big-ticket purchases. The 56th GST Council meeting set the implementation date and phased roll-out across goods and services,
📰 News
This article has been contributed by Manas Gond, Founder — Prosperr.io Most companies, especially startups, SMEs, and fast-scaling organizations face a systemic problem in how they manage employee compensation, taxes, and benefits. Between managing invoices, reconciling TDS, tracking employee reimbursements, and ensuring compliance with tax rules, small and mid-sized businesses
On 31 October, Hindustan Unilever disclosed that company has received a sizable tax notice totalling INR 1986 crore. The UK-based company's Indian division claimed that the Income Tax Department had questioned certain of its tax-related depreciation claims and contested the valuation of several related-party transactions. The business, which
According to officials, starting in December, green taxes would be collected from cars travelling from other states to Uttarakhand. Officials say the decision is intended to keep the state clean, safeguard the environment, and limit pollution. This tax will start to be collected in December. ANPR Cameras to Act as
The company that owns the Zomato and Blinkit brands, Eternal, announced on 19 October that the Uttar Pradesh tax authorities had issued a demand order for goods and services tax (GST) along with more than INR 128 crore in applicable interest and penalties. The Deputy Commissioner, State Tax, Lucknow, Uttar
According to reports, Apple is urging the Centre to loosen income tax regulations pertaining to the ownership of "high-end" iPhone equipment that the massive tech company supplies to its contract manufacturers. According to sources who spoke to Reuters, Apple executives have been in discussions with Indian officials in
TIPS Music Ltd (formerly Tips Industries Ltd.), one of India’s leading music labels, reported a strong performance for the quarter ended 30 September 2025, with continued double-digit growth. The company recorded a 15% year-on-year increase in revenue and an 8% rise in profit after tax (PAT) for the first
After InGovern Research Services identified INR 4,717 crore in contested tax liabilities, ongoing royalties, and related-party transactions, LG Electronics India's INR 11,607 crore IPO (Initial Public Offering) is being investigated. The advising company added that the Korean parent will maintain 85% control after listing, noting that
Based on robust growth in the June quarter and the implementation of GST reforms, EY increased India's real gross domestic product (GDP) forecast for the fiscal year 2025–2026 (FY26) from 6.5% to 6.7%. EY stated in its 'Economy Watch' report for September 2025
💹 Finance
This article has been contributed by Heniel Rupaarelia, Founder, Managing Director at ETrav Tech Ltd India is awakening to an unprecedented surge in tourism. Once viewed as a minor contributor to GDP, it has now taken a centrestage, and is expected to double its economic impact from INR 14 trillion
According to a report released on 25 September, the Reserve Bank of India's monetary policy committee (MPC) is expected to keep the repo rate at its current level in its October review, taking into account the favourable effects of the GST reforms on demand, the stronger-than-expected Q1 FY26
Trump's new immigration restrictions are putting pressure on overseas businesses and students. Stricter rules are being implemented regarding the issuance of study visas to international students. Additionally, measures are being taken to tax the income of international students who work in the United States following their education. Additionally,
Amul has lowered the cost of almost 700 product packs, which include ice cream, cheese, butter, ghee, and frozen snacks. The revised prices will take effect on September 22, 2025. The price change comes after the GST rates were recently lowered. The change was made in response to Gujarat Co-operative
After the central government-led GST council decided to revamp the economy's current tax structure, the fast-moving consumer goods (FMCG) giant ITC Ltd announced on September 18, 2025, that it has decided to pass on the full benefit to its customers across the firm's portfolio. ITC Bringing
📚 Learning
As India is gearing up for its biggest festive season, two popular household names, Amazon and Flipkart, are preparing for another high-stakes sales face-off. This year, it is not about huge discounts or midnight flash sales. The backdrop is far bigger, as it is the rollout of GST 2.0,
The Centre has suggested that data centre developers receive a 20-year tax exemption in an effort to boost the data centre sector. Developers that satisfy the goals for capacity expansion, power usage efficiency, and job creation would be exempt from taxes, as per the draft National Data Centre Policy 2025,
In an effort to lower the cost of everyday necessities for the average person, the Modi administration has redesigned the Goods and Services Tax (GST) system. The GST Council authorised a two-tier rate structure of 5 and 18%, which will go into effect on September 22 as part of this
On 12 September, the National Pharmaceutical Pricing Authority (NPPA) ordered all producers of pharmaceuticals and medical devices to lower their goods' maximum retail prices (MRPs) right away. The government's decision to rationalise the goods and services tax (GST) rates on medications and formulations, which was recommended at
The GST Council authorised an increase in taxes on sin and luxury goods on 3 September, establishing a new 40% bracket for commodities including tobacco, pan masala, aerated drinks and luxury cars, despite the announcement of huge GST rate cuts. With the government moving to a simpler regime with two
Indian households to enjoy Navratri and Diwali with zero to 5% GST on essentials and home items. Here's a full breakdown of the new GST regime.
As the final tax slabs were revealed on September 4, consumption stocks, which had already surged since Prime Minister Narendra Modi announced a reduction in the goods and services tax (GST) in his Independence Day speech on August 15, continued to rise. The Nifty FMCG index has increased 4.4%
The National Payments Corporation of India (NPCI) has increased the per-transaction ceiling to INR 5 lakh in anticipation of the September 15 income tax return (ITR) filing deadline, but only for firms that fit under tax payment-aligned categories. Additionally, NPCI has raised the 24-hour aggregate transaction limit and per-transaction limit
Eternal, the owner of the Zomato and Blinkit brands, has been subject to three notices from the Goods and Services Tax department. The orders amount to more than INR 40 crore in tax demands, including interest and penalties, as reported by PTI. According to the report, the Joint Commissioner-4 Bengaluru
The majority of the suggestions made by the Parliamentary Select Committee, which was led by BJP MP Baijayant Panda, were incorporated into the Revised Income Tax Bill 2025, which Union Finance Minister Nirmala Sitharaman introduced in the Lok Sabha on August 11, 2025. Background of the Revised Bill The revised
A tax demand and penalty order totalling INR 1.34 Cr for the fiscal year 2021–2022 has been issued to Eternal, a food delivery and rapid commerce company. Tax Order Issued by Lucknow Authorities According to a stock exchange filing by the firm, which owns Zomato and Blinkit, the
* IPV International is a Category I Angel Fund with a total corpus of $110 million. * Investment ticket size ranges from USD 100K to USD 1M * The fund has officially been launched and is currently operational. * While Sector-agnostic, the fund will maintain a strategic focus on select high-growth sectors * The IPV
On July 8, listed logistics startup BlackBuck announced that the Income Tax (IT) Department has sent it a tax demand notice for INR 28.55 Lakh. The company stated in a statement with the exchanges that the July 7 tax notice was sent because certain expenses that qualified for tax
The Delhi Income Tax Department has issued a penalty order of INR 1.32 crore to the logistics startup Delhivery. According to the company's exchange filing, the Assessing Officer of Central Circle 18, Delhi, issued the penalty notice to it on June 28. The ruling relates to specific
Ola, Uber, and Rapido are among the ride-hailing companies that will present a new set of arguments to the Central Board of Indirect Taxes and Customs (CBIC) regarding the controversial topic of whether the goods and services tax (GST) applies to services provided using the software as a service (SaaS)
As his feud with President Donald Trump erupts into open warfare, Elon Musk has threatened to shut down SpaceX's Dragon spacecraft, NASA's only US astronaut carrier. This move will set off a spiralling crisis that could ground American spaceflight, derail moon missions, and jeopardise $22 billion
📚 Learning
This article has been contributed by Rajesh TR, Indirect Tax Expert, InCorp Advisory. Getting GST compliance right isn't just about following the rules, it's about protecting your business from penalties, audits, and unwanted financial pressure. And right at the centre of it all is invoicing. Every
According to Amazon's regulatory filing with the Registrar of Companies (RoC), the merger was given temporary clearance by the Bengaluru bench of the National Company Law Tribunal (NCLT) on February 5, 2025. In a second filing with the NCLT, the e-commerce giant stated that the action will assist
📰 News
This article has been contributed by Mr Cheruku Srikanth, Founder & CEO, Digital CFO. Invoices are legal evidence of business operations for India's MSMEs; they are far beyond only invoices. A compliant invoice guarantees a clear distribution of goods and services, helps to prevent tax-related conflicts, and enhances
💹 Finance
This article has been contributed by Charu Pahuja, CFP CM, Group Director and COO, Wise Finserv. Retirement isn't the end, it's the start of a new, fulfilling chapter. After years of toil, it's time to enjoy. But there's one thing that can
PwC is the most recent of the Big Four accountancy firms to lay off employees. The company is laying off about 1,500 workers in the US, or about 2% of its 75,000-person US workforce, according to a media report. Employees in the audit and tax departments are the
Samsung Electronics has started a legal process against a tax demand of INR 4,300 crore (approximately $520 million) from Indian tax authorities. The dispute centers on a particular piece of telecommunication equipment, the Remote Radio Head, a key component for 4G networks, that Samsung imported from South Korea and
India's Goods and Services Tax (GST) collections in April 2025 touched an all-time monthly high of INR 2,36,716 crore. This is not only the first time collections have exceeded INR 2.2 lakh crore in a month; it also eclipsed the previous best of INR 2,
WinZO, India’s largest interactive entertainment platform, announced its audited financial results for the fiscal year ending March 31, 2024, reporting record-breaking revenue and profitability despite a dynamic regulatory landscape. It is noteworthy that FY24 reflects only six months of the impact from the 400% increase in GST on online
In order to safeguard the interests of small firms, CAIT's secretary general emeritus Praveen Khandelwal allegedly advocated for the establishment of new policy mandates.
It will help unlock government benefits for MSMEs on the Tide platform through easy digital registration. * Aims to accelerate formalisation for MSMEs on its platform * Improve access to credit and incentives from over 800 government schemes * Bridge the awareness gap in MSME funding and compliance Tide in India, a leading
Since UPI is now widely used in daily life, from paid professionals to street vendors, people across the country are alarmed by this proposed change. If put into effect, this new UPI rule would significantly impair regular digital payments.
The complainant claims that OYO gave "inaccurate information" that led to the notices. The FIR cites a number of people in addition to OYO and Agarwal for criminal conspiracy, forgery, cheating, and criminal breach of trust under the Bharatiya Nyaya Sanhita (BNS).
According to Swiggy's exchange filing, the company is accused of improperly taking deductions for "cancellation charges paid to merchants".
The increase in GST collections indicates a strong consumer and business consumption pattern and is a good sign of the state of the economy.
India is unlikely to suffer much from the 25% tax on automobiles and auto parts. MEMA, the Motor Equipment Manufacturers Association of the USA, stated that auto parts tariffs will go into force "no later than May 3, 2025". It further stated that automobile tariffs would go into
India has accused South Korean tech giant Samsung of tax cheating in the purchase of necessary telecom equipment and has imposed a $601 million tax demand on the company. One of the largest orders in recent years, it may have a significant impact on Samsung's net profit in
India plans to eliminate the Google tax, a 6% equalisation levy levied on online advertising services provided by Google and Meta, starting on April 1. The action is probably intended to appease US President Donald Trump, who has threatened to impose retaliatory tariffs on nations that, starting on April 2,
📚 Learning
This article has been contributed by Cheruku Srikanth, Founder & CEO, Digital CFO. The Goods and Services Tax (GST), introduced on July 1, 2017, replaced multiple indirect taxes such as VAT, service tax, and excise duty. As a multi-stage, destination-based tax, GST has four slabs - 5%, 12%, 18%, and
🔭 Sectors
This article has been contributed by Ankita Barthwal, Content Manager, Freo. I still remember the day our team proudly published a blog post called "Understanding UPI Transaction Fees." We thought we'd given the world a literary masterpiece. Spoiler alert: We hadn't. The post read
* India's GDP grew by 6.2% in the December quarter backed by key growth factors including increased consumer spending, higher growth expenditure and increased export rates. * Indian economy is expected to maintain a projected growth rate of 6.5% in FY25. * Decreased inflation rates, tax reduction and strong
* The first woman to lead SEBI, Madhabi Puri Buch ends her tenure on 27th February 2025. * Tuhin Kanta Pandey, 1987 batch officer from Odisha Cadre named as the new chairman of SEBI * Pandey is known for his strict rules and clean image. * In the framing of the 2025-26 Budget, Pandey
A penalty notice of INR 17.35 lakh has been issued to travel tech giant Easemytrip for allegedly breaking GST regulations. In a filing, the company stated that it has been notified that it has received an order from the Sales Tax Officer Class II/AVATO Delhi, State/UT: Delhi,
🏆 Lists & Rankings
Dubai has come to be regarded as a global wealth-making place, hosting a rare amalgam of various strategic positions, visionary and risk-takers of decisions, and an upbeat economy. The tax-haven status and free repatriation of all revenues attract foreign investments, whereas a glorious placement facilitates businesses to operate in over
Zinka Logistics Solutions, the parent company of logistics giant BlackBuck, has received two tax notifications amounting to INR 14.2 crore. This encompasses a demand of INR 10.02 crore from the Assistant Commissioner of Commercial Taxes (Audit), Bengaluru, for the period from April 2020 to March 2021, and a
The Haryana GST authorities have issued a demand order for INR 89.8 lakh to online travel aggregator ixigo. ixigo stated in an exchange filing that it was sent a demand notice by the assistant commissioner of Gurugram, Haryana, requesting that it pay INR 89.9 lakh in GST. In
The Central Goods and Services Tax (CGST) Department has penalised the fintech business Paytm and its CEO, Vijay Shekhar Sharma, for allegedly failing to issue tax bills to its clients in a compliant manner. Sharma was penalised INR 59.94 lakh for the penalty, while One97 Communications, the company that
📰 News
The Union Budget 2025, set to be announced on February 1, will be key in shaping India’s economic future. It is expected to focus on boosting growth, creating jobs, and improving infrastructure. The government may introduce changes in taxation and policies that will affect sectors like healthcare, education, and
📰 News
With the Union Budget 2025-26 approaching, businesses and industries are eagerly anticipating key policy changes. The real estate sector is hoping for tax benefits, lower interest rates, and incentives to boost housing affordability. The hospitality industry seeks government support to promote tourism, improve infrastructure, and reduce operational costs. Renewable energy
The Directorate General of GST Intelligence Headquarter (DGGI-HQ) has been given authority by the Indian government to direct intermediaries to disable the websites of online gaming enterprises accused of tax evasion. The government has designated the Additional/Joint Director (Intelligence) as the nodal officer for the assignment, according to a
On December 21, Finance Minister (FM) Nirmala Sitharaman made it clear that the 5% goods and services tax (GST) rate will remain applied to new electric cars (EVs). However, the FM also stated that used EV sales between private parties will continue to be GST-exempt. FM While speaking to the
According to reports, at its upcoming meeting on December 21, the Goods and Services Tax (GST) Council will discuss reducing the tax rate on online food deliveries from the current 18% to 5%. According to reports cited by a media outlet, foodtech businesses will not be able to claim the
Pankaj Chaudhary, the Minister of State (MoS) for Finance, informed the Parliament that the Centre is investigating 642 offshore gaming, betting, and gambling organisations for possible tax fraud. Chaudhary further stated that the finance ministry is collaborating with the electronics and IT ministry (MeitY) to prohibit these websites in a
The food delivery aggregator Zomato announced on 12 December that a tax demand of INR 803.4 crore, including interest and penalties, had been made by the Thane GST department. In a regulatory filing, Zomato stated that the company had received a demand order over the nonpayment of GST on
Authorities investigating the goods and services tax (GST) have so far charged 17 cryptocurrency exchanges with dodging the tax to the tune of INR 824.14 Cr. Pankaj Chaudhary, the minister of state (MoS) for finance, stated in a written response to the Lok Sabha that INR 122.29 Cr
📰 News
For many startups, expanding into international markets is a significant milestone that opens up numerous opportunities and potential. However, stepping beyond familiar borders is a complex endeavor that requires thorough preparation. In addition to analyzing market potential and target audiences, startups must navigate several bureaucratic, legal, and tax-related formalities. A
Following a cabinet meeting, Delhi Chief Minister Atishi on November 28 announced an extension of the Delhi Electric Vehicle (EV) Policy till March 31, 2025. The Delhi cabinet has agreed to prolong the EV policy and execute subsidies and road tax exemptions that have been languishing since January 1 due
The Income Tax Department has sent warnings to Paisabazaar, an insurtech platform owned by PB Fintech, about a few vendor payments and the organisations connected to them. The Assistant Commissioner of Income Tax and the Deputy Director of Income Tax in Delhi sent out the notices. According to the company&
Shri Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes and Customs (CBIC) along with Members of the CBIC Board inaugurated the GST & Customs Pavilion at the India International Trade Fair (IITF) 2024, in New Delhi, today. The theme of the GST & Customs Pavilion is "Facilitating Trade,
Brainbees Solutions Limited, the parent company of the well-known e-commerce platform FirstCry, announced on November 10, 2024, that a GST department inspection that started on November 6 had completed. The business said in a report to the stock exchanges that it answered all of the questions posed and cooperated completely
On November 7, a renowned news outlet stated in its report that the Income Tax Department of India (IT) had begun an investigation into the spam caller blocking software Truecaller and calling ID due to a suspected violation of the transfer pricing regulation action. According to the report, Truecaller'
With a 26% increase in operating income and a revenue of over INR 5,500 crore in FY24, Google India has maintained its growth trajectory in the most recent fiscal year. However, in the fiscal year that ended in March 2024, Google India's earnings after tax climbed by
On October 21, 2024, PhonePe announced a partnership with Bajaj Allianz General Insurance to provide reasonably priced insurance protection against firecracker-related mishaps during Diwali for a certain time. For a payment of INR 9, which includes goods and services tax (GST), the insurance coverage includes a sum insured of INR
Businesses can now enter their GSTIN (Goods and Services Tax Identification Number) while making purchases on the Blinkit platform, thanks to a new feature. Albinder Dhindsa, the CEO, claims that this change is a reaction to consumer demand, especially from companies buying expensive goods like electronics. Businesses can now claim
Openplay Technologies, a gaming company subsidiary of Nazara Technologies, was given an interim exemption from the show cause notice issued by the Director General of GST Intelligence, Kolkata, by the Calcutta High Court. After being notified in July of a liability of INR 845.72 crore for the years 2017–
A total of 78 instances were investigated by the Directorate General of GST Intelligence (DGGI), which is the central investigative and anti-evasion arm of the finance ministry. The DGGI discovered the highest-ever goods and services tax (GST) evasion by the online money gambling industry, which amounted to INR 81,875
Zomato, a food technology firm run by Deepinder Goyal, has made the necessary adjustments to its answer to the Goods and Services Tax (GST) order issued by the assistant commissioner of revenue from the West Bengal government. The order was for a total of INR 9.85 crore from April
Several important topics were discussed at the 54th Goods and Services Tax (GST) Council meeting, including online payment processing, the use of helicopters for religious reasons, and the taxation of R&D in educational institutions. In August 2024, India's Goods and Services Tax (GST) receipts were INR
According to media reports, the goods and services tax authorities have warned large payment aggregators like BillDesk and CCAvenue, requesting GST on the cost they charged merchants for processing digital transactions under INR 2,000. Vishwas Patel, the joint managing director of Infibeam Avenues, which runs the payments processor CCAvenue,