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Bombay HC grants no relief to ByteDance in tax evasion case

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KOLKATA: TikTok’s parent company ByteDance continues to remain in limbo as Bombay high court granted no relief in the case where the company challenged Indian authorities’ decision to freeze the its bank accounts.

According to a Reuters report, the court heard the plea on Wednesday. Despite ByteDance counsel Prakash Shah submitting that the company was bleeding and needed to withdraw funds for operational expenditures like staff salaries and rent, the court gave no relief.

Shah also added that four of the company’s bank accounts have been frozen. The next hearing in the matter is set for 6 April.

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According to media reports, In mid-March, authorities ordered ByteDance India's accounts at Citibank and HSBC to be blocked because of alleged evasion of certain taxes in online advertising dealings between the ByteDance unit in India and its parent entity in Singapore, TikTok Pvt Ltd. The Chinese tech company moved to court asking to quash the directive as it fears that the move will hit Indian operations hard.

In January 2021, ByteDance decided to cut down its Indian workforce amid the uncertainty over its biggest business TikTok’s future in India. Following the political conflict between India and China, the Centre imposed a ban on a number of Chinese apps including short-video app TikTok last June.

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iWorld

Prime Video bets big on India with global originals, films and franchise expansion

Execs highlight scale, travelability and new IP bets as India anchors global strategy

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MUMBAI: At Prime Video Presents 2026, the message was clear and confident. India is not just part of the plan, it is central to it.

In a lively fireside chat hosted by filmmaker Karan Johar, Kelly Day, vice president of prime video and amazon mgm studios international, Nicole Clemens, vice president of international originals, and Gaurav Gandhi, vice president for Apac and Anz, laid out an ambitious roadmap. Think bigger stories, wider reach and a sharper focus on building franchises that travel.

Kelly Day, a regular visitor to India, set the tone early. Calling the country “one of the most important markets globally”, she pointed to the sheer scale and diversity of audiences as a driving force behind Prime Video’s growth. Indian Originals, she said, are not just local hits but global engines powering subscriptions and engagement.

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That global appeal is already visible. According to Clemens, around 25 percent of viewership for Indian content now comes from outside the country. Shows rooted deeply in local culture are finding fans worldwide, proving that specificity, when paired with universal themes, travels well. From gritty dramas to sharp thrillers, Indian storytelling is increasingly crossing borders with ease.

Clemens, who joined recently to lead international originals, was particularly upbeat about India’s creative range. She highlighted a growing slate of over 100 shows in development and production, with more than 60 percent returning for multiple seasons. For her, the formula is simple. Authentic stories, told well, resonate everywhere.

Adding to the buzz, she teased new and returning titles, alongside a fresh superhero universe, the Kalyug Warriors. It signals a push into new genres while doubling down on familiar fan favourites.

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If content is king, distribution is the clever courtier. Day outlined Prime Video’s layered business model in India, which blends subscription, rentals, add on channels and ad supported viewing through Amazon MX Player. The idea is straightforward. Give viewers choice, whether they want premium, free or pay per view.

India, she noted, has also become a testing ground for innovation. Tiered pricing, mobile only plans and language diversity have all been sharpened here before being exported to other markets. In many ways, the India playbook is now influencing global strategy.

For Gaurav Gandhi, the next chapter is about scale with intent. He outlined four priorities. Making Prime Video more accessible, pushing Indian content globally, building stronger franchises and supercharging the films business.

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On films, the platform is moving beyond licensing into co productions and now theatrical releases in partnership with amazon mgm studios. These films will eventually stream on Prime Video, creating a full circle from cinema halls to living rooms across 240 countries.

Franchise building remains another key pillar. With hits like The Family Man, Mirzapur and Panchayat already enjoying multi season success, the focus is now on creating the next wave of enduring IP. Newer titles are already lining up for second seasons, signalling a steady pipeline.

What stood out through the conversation was a shared belief. Streaming in India is still in its early innings, and the runway is long. With a mix of local flavour and global ambition, Prime Video is betting that stories from India will not just stay at home, but travel far and wide.

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Or as the executives seemed to suggest, the world is watching and India has plenty more to show.

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