Annual Turnover
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Kapur Family Drama Episode 3: Sona Comstar's 'Cease, Desist' Letter To Mother Rani Kapur
Episode three of the Kapur family drama played out Monday after automotive parts manufacturer Sona Comstar - part of the Rs 30,000 crore Sona Group - sent a cease-and-desist letter to Rani Kapur, the mother of ex-Chairman Sunjay Kapur
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Bengaluru Street Vendors Seek GST Relaxation After Notices Over UPI Turnover
Small vendors and traders across Karnataka have raised serious concerns after receiving GST notices from the commercial tax department for UPI-based transactions exceeding Rs 40 lakh annually.
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Apple Said to Face Fine Under EU's Landmark Digital Markets Act
European Union's antitrust regulators may fine Apple in the coming days. The regulators charged in June that the iPhone maker had breached the bloc's tech rules. The charge against Apple was the first by the Commission under its Digital Markets Act (DMA).Â
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Tech Giants Could Face Fines Worth Up to 5 Percent of Annual Turnover Under Proposed Australian Laws
Tech giants could face billions of dollars in fines for failing to tackle disinformation under proposed Australian laws, which a watchdog on Monday said would bring "mandatory" standards to the little-regulated sector.
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Amazon Avoids Massive Fine, Reaches Settlement With European Union Over Use of Seller Data
Amazon on Tuesday reached a settlement with the EU in two antitrust investigations that probed the company's use of seller data and treatment of sellers while ranking offers for the "buy" box on its website. Under EU law, the US-based e-commerce giant could have faced a fine of up to 10 percent of its global annual turnover.
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Meta Warned of Potential Breach of EU Antitrust Laws Over Competition in Online Classified Advertising
Meta was warned by the European Commission on Monday that it was likely breaching EU antitrust laws. The social media firm will face an investigation into whether it abused its dominant position and distorted competition in markets for online classified advertising. EU antitrust regulators last month were said to be drawing up charges against Meta ...
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Digital Markets Act, Digital Services Act Passed as EU Moves to Rein in Big Tech; Enforcement Concerns Remain
EU lawmakers have approved landmark rules on Tuesday, the Digital Markets Act (DMA) and Digital Services Act (DSA), both aimed at reining in Big Tech firms like Google, Amazon, Apple, Facebook and Microsoft. However, concerns remain over the ability of the EU to enforce these rules, due to limited resources available to regulators. The DMA will for...
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Google May Face Second Turnover Fine in Russia Over Banned Content, Warns Russian Regulator
Google may face a fine of 5-10 percent of its total turnover in Russia for continuing the use of banned content, including "misleading information" on YouTube about events in Ukraine. This is the second fine based on a percentage of turnover that Google could face in Russia.
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Google, Meta Asked to Remove Online Child Pornography Under Proposed European Commission Rules
Google, Meta and other online service providers will be now required to find and remove online child pornography on their platform under European Commission draft rules. Companies that fail to comply with the rules can face fine up to 6 percent of their annual income or global turnover, whatever will be decided by EU countries.
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Aviation Ministry Invites Applications for PLI Scheme for Drones, Drone Components
The Ministry of Civil Aviation has invited applications for the Production Linked Incentive (PLI) scheme for manufacturers of drones and drone components, who have crossed the PLI eligibility threshold for previous financial year.
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Bajaj Auto Q4 FY 2022 Results: Net Profit Rises 10 Per Cent To Rs. 1,469 Crore
Despite a decline in domestic and overseas sales in the quarter, Bajaj reported highest ever annual turnover, and highest-ever annual exports in FY 2022.
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At Rs 8.5 Lakh Crore, India Tops Milk Production Globally: PM Modi
Prime Minister Narendra Modi today said India produces milk worth Rs 8.5 lakh crore annually, more than the turnover of wheat and rice, and underlined that small farmers are the biggest beneficiaries of the dairy sector.
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Google May Face Fine of Up to 20 Percent of Annual Turnover in Russia Over Failing to Delete Illegal Content
Russia said it would this month seek to fine US tech giant Google a percentage of its annual Russian turnover for repeatedly failing to delete content deemed illegal, Moscow's strongest effort yet to rein in foreign tech firms.
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Facebook May Face Hefty Fine In Russia Over Banned Content
Russian authorities on Thursday warned social media giant Facebook it faces a fine of up to 10% of its annual turnover in the country unless it fails to delete content Moscow deems illegal.
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Amazon Accused of Employing a 'Hire-to-Fire' Policy to Meet Annual 'Unregretted Attrition' Goals: Report
Amazon has been accused in a report by its employees of adopting a casual "Hire-to-Fire" policy that pressurises managers to hire people just to fire them to meet their unregretted attrition (URA) goals
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Kapur Family Drama Episode 3: Sona Comstar's 'Cease, Desist' Letter To Mother Rani Kapur
Episode three of the Kapur family drama played out Monday after automotive parts manufacturer Sona Comstar - part of the Rs 30,000 crore Sona Group - sent a cease-and-desist letter to Rani Kapur, the mother of ex-Chairman Sunjay Kapur
-
Bengaluru Street Vendors Seek GST Relaxation After Notices Over UPI Turnover
Small vendors and traders across Karnataka have raised serious concerns after receiving GST notices from the commercial tax department for UPI-based transactions exceeding Rs 40 lakh annually.
-
Apple Said to Face Fine Under EU's Landmark Digital Markets Act
European Union's antitrust regulators may fine Apple in the coming days. The regulators charged in June that the iPhone maker had breached the bloc's tech rules. The charge against Apple was the first by the Commission under its Digital Markets Act (DMA).Â
-
Tech Giants Could Face Fines Worth Up to 5 Percent of Annual Turnover Under Proposed Australian Laws
Tech giants could face billions of dollars in fines for failing to tackle disinformation under proposed Australian laws, which a watchdog on Monday said would bring "mandatory" standards to the little-regulated sector.
-
Amazon Avoids Massive Fine, Reaches Settlement With European Union Over Use of Seller Data
Amazon on Tuesday reached a settlement with the EU in two antitrust investigations that probed the company's use of seller data and treatment of sellers while ranking offers for the "buy" box on its website. Under EU law, the US-based e-commerce giant could have faced a fine of up to 10 percent of its global annual turnover.
-
Meta Warned of Potential Breach of EU Antitrust Laws Over Competition in Online Classified Advertising
Meta was warned by the European Commission on Monday that it was likely breaching EU antitrust laws. The social media firm will face an investigation into whether it abused its dominant position and distorted competition in markets for online classified advertising. EU antitrust regulators last month were said to be drawing up charges against Meta ...
-
Digital Markets Act, Digital Services Act Passed as EU Moves to Rein in Big Tech; Enforcement Concerns Remain
EU lawmakers have approved landmark rules on Tuesday, the Digital Markets Act (DMA) and Digital Services Act (DSA), both aimed at reining in Big Tech firms like Google, Amazon, Apple, Facebook and Microsoft. However, concerns remain over the ability of the EU to enforce these rules, due to limited resources available to regulators. The DMA will for...
-
Google May Face Second Turnover Fine in Russia Over Banned Content, Warns Russian Regulator
Google may face a fine of 5-10 percent of its total turnover in Russia for continuing the use of banned content, including "misleading information" on YouTube about events in Ukraine. This is the second fine based on a percentage of turnover that Google could face in Russia.
-
Google, Meta Asked to Remove Online Child Pornography Under Proposed European Commission Rules
Google, Meta and other online service providers will be now required to find and remove online child pornography on their platform under European Commission draft rules. Companies that fail to comply with the rules can face fine up to 6 percent of their annual income or global turnover, whatever will be decided by EU countries.
-
Aviation Ministry Invites Applications for PLI Scheme for Drones, Drone Components
The Ministry of Civil Aviation has invited applications for the Production Linked Incentive (PLI) scheme for manufacturers of drones and drone components, who have crossed the PLI eligibility threshold for previous financial year.
-
Bajaj Auto Q4 FY 2022 Results: Net Profit Rises 10 Per Cent To Rs. 1,469 Crore
Despite a decline in domestic and overseas sales in the quarter, Bajaj reported highest ever annual turnover, and highest-ever annual exports in FY 2022.
-
At Rs 8.5 Lakh Crore, India Tops Milk Production Globally: PM Modi
Prime Minister Narendra Modi today said India produces milk worth Rs 8.5 lakh crore annually, more than the turnover of wheat and rice, and underlined that small farmers are the biggest beneficiaries of the dairy sector.
-
Google May Face Fine of Up to 20 Percent of Annual Turnover in Russia Over Failing to Delete Illegal Content
Russia said it would this month seek to fine US tech giant Google a percentage of its annual Russian turnover for repeatedly failing to delete content deemed illegal, Moscow's strongest effort yet to rein in foreign tech firms.
-
Facebook May Face Hefty Fine In Russia Over Banned Content
Russian authorities on Thursday warned social media giant Facebook it faces a fine of up to 10% of its annual turnover in the country unless it fails to delete content Moscow deems illegal.
-
Amazon Accused of Employing a 'Hire-to-Fire' Policy to Meet Annual 'Unregretted Attrition' Goals: Report
Amazon has been accused in a report by its employees of adopting a casual "Hire-to-Fire" policy that pressurises managers to hire people just to fire them to meet their unregretted attrition (URA) goals
