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Volkswagen India Faces a USD14 Billion Penalty for Avoiding Tax

Volkswagen India Faces a USD14 Billion Penalty for Avoiding Tax

The Centre issued a $1.4 billion (₹11,842 crore) notice to German auto giant Volkswagen for allegedly avoiding taxes by "wilfully" paying cheaper import taxes on components for its Audi, VW, and Skoda cars....

Government to Increase EV Manufacturing Aid Following Tesla's Disappointment

Government to Increase EV Manufacturing Aid Following Tesla's Disappointment

India intends to extend the incentives for electric vehicles to automakers who are constructing models at the nation's current factories rather than restricting them to those who are willing to construct new facilities. Originally intended...

Google Faces More Problems: Canada Sues Tech Giant for Monopolizing Online Ad

Google Faces More Problems: Canada Sues Tech Giant for Monopolizing Online Ad

Alphabet-owned Google is facing legal action from Canada's Competition Bureau, which claims the internet giant is adopting anti-competitive tactics in the online advertising market. The Canadian antitrust agency has applied to the Competition...

TCS Intends to Create a New Strategic Division to Increase IT Hiring Across India

TCS Intends to Create a New Strategic Division to Increase IT Hiring Across India

A new business division established by Tata Consultancy Services (TCS) signifies the company's strategic growth in the IT industry. This strategic strategy aims to create new waves of employment in addition to expanding the services the...

RIL Entity Acquires a 21% Share in US-based Wavetech Helium for $12 million

RIL Entity Acquires a 21% Share in US-based Wavetech Helium for $12 million

Mukesh Ambani-backed Reliance Industries (RIL) said on Thursday that its subsidiary will acquire a 21% share in Wavetech Helium, Inc (WHI), marking the oil-to-telecom conglomerate's entry into the helium industry....

Vipul Maheshwari is Promoted to Head Product and Data Analytics at Honasa Consumer

Vipul Maheshwari is Promoted to Head Product and Data Analytics at Honasa Consumer

Vipul Maheshwari was promoted to senior vice president of product and data analytics by Honasa Consumer, the parent company of the beauty and personal care brand Mamaearth, on Thursday. Maheshwari, a graduate of IIT Delhi, has worked for Honasa...

SoftBank Intends to Acquire $1.5 Bn Worth of OpenAI Shares from Employees

SoftBank Intends to Acquire $1.5 Bn Worth of OpenAI Shares from Employees

SoftBank Group Corp. plans to boost its interest in OpenAI by acquiring up to $1.5 billion in shares from the startup's employees, according to people familiar with the situation. The Japanese corporation will make a tender offer for the...

Nykaa Acquires a Major Stake in Personal Care Business Earth Rhythm

Nykaa Acquires a Major Stake in Personal Care Business Earth Rhythm

FSN E-Commerce Ventures Limited, the parent company of beauty and fashion store Nykaa, has acquired its majority stake in Earth Rhythm, a clean beauty and personal care brand. The business that purchased 18.51% of Earth Rhythm Pvt Ltd in 2022...

Tech Consulting in the Age of Decentralized Workforces

Tech Consulting in the Age of Decentralized Workforces

The global workplace has undergone a profound transition, with decentralized workforces emerging as a distinguishing feature of contemporary commercial operations. This major shift has presented unprecedented difficulties and opportunities for...

India has the Highest 5G Users with 180 Million and Adoption of GenAI Worldwide

India has the Highest 5G Users with 180 Million and Adoption of GenAI Worldwide

The most recent Ericsson ConsumerLab Report for 2024, "Elevating 5G with Differentiated Connectivity," emphasizes important changes in consumer expectations and technological breakthroughs as India experiences fast digital...

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