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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
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Indian-American CEO Calls For Longer Work Hours, Asks Employees To Blend Work With Life
Niraj Shah, Indian-American Chief Executive Officer (CEO) of online furniture firm Wayfair, curated a special message for his employees after the company yielded profitable results.
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Recap 2023: Looking Back At Indian Cinema's Golden YeaRRR
From Oscar wins to recording-breaking box office profits, 2023 was the year of highs for Indian cinema
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Uber Earned Profits in 2022 as Demands for Airport, Office Rides Increased in Post-Pandemic World
Uber Technologies said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. The rideshare market is benefiting from a return to normal and a rise in car ownership costs, which is pushing many to opt...
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Sony Raises PS5 Sales Target in Its Annual Profit Forecast Estimated to Reach Record Level
Sony Group has nudged up its annual profit forecast, helped by a strong showing for its videogame division, and raised its PlayStation 5 game console sales target by one million units to 19 million for the year to March.
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Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
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Uber Said to Cut Marketing Costs, Slow Down Hiring: Report
Uber will reportedly scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from chief executive officer Dara Khosrowshahi.
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Uber Rides Strong Demand, Delivery Growth to Raise Q1 Profit Forecast
Uber raised its outlook for first-quarter core profit, as its ride-hailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened.
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Microsoft Rides Software, Cloud Computing Demand to Boost Quarterly Profits by 21 Percent
Demand for Microsoft’s cloud-computing services and work software helped boost its quarterly profits by 21 percent as the pandemic continued to keep many office workers at least partly at home.
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Google Advertisement Surge, Online Shopping Drive Record Profit for Alphabet
Google owner Alphabet reported higher than expected third-quarter ad sales, a sign that the business is overcoming new limits on tracking mobile users and that online shopping is as popular as ever heading into the holiday season.
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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
-
Indian-American CEO Calls For Longer Work Hours, Asks Employees To Blend Work With Life
Niraj Shah, Indian-American Chief Executive Officer (CEO) of online furniture firm Wayfair, curated a special message for his employees after the company yielded profitable results.
-
Recap 2023: Looking Back At Indian Cinema's Golden YeaRRR
From Oscar wins to recording-breaking box office profits, 2023 was the year of highs for Indian cinema
-
Uber Earned Profits in 2022 as Demands for Airport, Office Rides Increased in Post-Pandemic World
Uber Technologies said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. The rideshare market is benefiting from a return to normal and a rise in car ownership costs, which is pushing many to opt...
-
Sony Raises PS5 Sales Target in Its Annual Profit Forecast Estimated to Reach Record Level
Sony Group has nudged up its annual profit forecast, helped by a strong showing for its videogame division, and raised its PlayStation 5 game console sales target by one million units to 19 million for the year to March.
-
Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
-
Uber Said to Cut Marketing Costs, Slow Down Hiring: Report
Uber will reportedly scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from chief executive officer Dara Khosrowshahi.
-
Uber Rides Strong Demand, Delivery Growth to Raise Q1 Profit Forecast
Uber raised its outlook for first-quarter core profit, as its ride-hailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened.
-
Microsoft Rides Software, Cloud Computing Demand to Boost Quarterly Profits by 21 Percent
Demand for Microsoft’s cloud-computing services and work software helped boost its quarterly profits by 21 percent as the pandemic continued to keep many office workers at least partly at home.
-
Google Advertisement Surge, Online Shopping Drive Record Profit for Alphabet
Google owner Alphabet reported higher than expected third-quarter ad sales, a sign that the business is overcoming new limits on tracking mobile users and that online shopping is as popular as ever heading into the holiday season.
