Corporates

China Pushes For Ant Group Overhaul In Latest Crackdown On Jack Ma

China Pushes For Ant Group Overhaul In Latest Crackdown On Jack Ma

Reuters | Monday December 28, 2020

China's central bank disclosed it had asked the country's payments giant Ant Group to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder Jack Ma

Jack Ma's Alibaba Group Under Probe By China For Monopolistic Practices

Jack Ma's Alibaba Group Under Probe By China For Monopolistic Practices

Edited by Nirmalya Sen | Thursday December 24, 2020

The investigation is broadly viewed as a pushback by Chinas Communist Party against Internet giant Alibaba that has expanded its power and size at a fast clip

India Challenges Vodafone Arbitration Ruling In Singapore

India Challenges Vodafone Arbitration Ruling In Singapore

Edited by Peter Noronha | Thursday December 24, 2020

The international arbitration tribunal at the Hague had ruled that the Indian government's imposition of a tax liability on Vodafone was in breach of the investment treaty agreement between India and the Netherlands

Companies Hopeful Of Economic Recovery In 2021 But Guarded About Covid-19 Pandemic

Companies Hopeful Of Economic Recovery In 2021 But Guarded About Covid-19 Pandemic

Edited by Nirmalya Sen | Wednesday December 23, 2020

For the travel and tourism industry, the current year began on an ominous note and the lockdown brought all kinds of mobility to a standstill

India Asked To Pay $1.2 Billion To Cairn After Arbitration Loss

India Asked To Pay $1.2 Billion To Cairn After Arbitration Loss

Upmanyu Trivedi and Shruti Srivastava, Bloomberg | Wednesday December 23, 2020

An international arbitration tribunal ruled that the tax claim was not a valid demand and asked the government to repay the funds withheld along with interest to Cairn.

Had Once Reached Out To Apple For Acquiring Tesla: Elon Musk

Had Once Reached Out To Apple For Acquiring Tesla: Elon Musk

Edited by Nirmalya Sen | Wednesday December 23, 2020

Central to the company's strategy for auto production is a new battery design that could -radically- reduce the cost of batteries and increase the vehicle's range

Cairn Energy Wins Arbitration Against Government In Tax Dispute: Report

Cairn Energy Wins Arbitration Against Government In Tax Dispute: Report

Press Trust of India | Wednesday December 23, 2020

British explorer Cairn Energy Plc has won an arbitration against the Indian government, seeking Rs 10,247 crore in retrospective taxes

Weeks After Vodafone, Cairn Wins Tax Case Against Government

Weeks After Vodafone, Cairn Wins Tax Case Against Government

Reuters | Wednesday December 23, 2020, New Delhi

Cairn in March 2015 filed a formal dispute against a demand for more than $1.6 billion from the Indian tax department that dates back to the 2007 listing of its then Indian operation

Apple Seeks To Start Car Production By 2024, Eyes Next Level Battery Technology: Report

Apple Seeks To Start Car Production By 2024, Eyes Next Level Battery Technology: Report

Edited by Nirmalya Sen | Tuesday December 22, 2020

Central to Apple's strategy is a new battery design that could radically reduce the cost of batteries and increase the vehicles range

Indian TikTok Clone Josh Gets $100 Million In Google, Microsoft Funding

Indian TikTok Clone Josh Gets $100 Million In Google, Microsoft Funding

Edited by Nirmalya Sen | Tuesday December 22, 2020

The app, Josh, is one of several home-grown short-video platforms that have sprung up since India blocked the wildly popular TikTok in June

Google, Facebook Agreed To Team Up Against Possible Antitrust Action: Draft Lawsuit

Google, Facebook Agreed To Team Up Against Possible Antitrust Action: Draft Lawsuit

Reuters | Tuesday December 22, 2020

The states had accused Google of working with Facebook in an unlawful manner that violated antitrust law to boost its already-dominant online advertising business. The lawsuit said that Google and Facebook were aware that their agreement could trigger antitrust investigations and discussed how to deal with them.

PayPal's Xoom Adds UPI Payments For NRIs, PIOs To Remit Money To India In Real Time

PayPal's Xoom Adds UPI Payments For NRIs, PIOs To Remit Money To India In Real Time

Edited by Nirmalya Sen | Tuesday December 22, 2020

Xoom customers can use the payments service to send money to 66 banks across India

Australian Antitrust Regulator Dismisses Google's Undertaking Over Fitbit Competition

Australian Antitrust Regulator Dismisses Google's Undertaking Over Fitbit Competition

Edited by Nirmalya Sen | Tuesday December 22, 2020

In June, ACCC voiced objections over the Fitbit acquisition, warning Google's acquisition would give it too much people's data, that could hurt competition in health and online advertising markets

Taiwan's Wistron Expects No Major Financial Loss From India Plant Damage

Taiwan's Wistron Expects No Major Financial Loss From India Plant Damage

Edited by Nirmalya Sen | Monday December 21, 2020

Wistron admitted some workers at the plant in Narasapura in Karnataka had not been paid properly or on time, and said it was removing a top executive overseeing its India business

Mitsubishi Motors Will Focus On Hybrids In SE Asia As Part Of Regional Electrification Push

Mitsubishi Motors Will Focus On Hybrids In SE Asia As Part Of Regional Electrification Push

Edited by Nirmalya Sen | Monday December 21, 2020

In the year ended March 2020, Mitsubishi sold about 290,000 vehicles in Southeast Asia, with a majority of those in its four biggest markets of Thailand, Indonesia, the Philippines and Vietnam