Under Reporting Revenues
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Pakistan Misses 3 Out Of 5 IMF Targets Before 2nd Review Of $7 Billion Loan
Pakistan has missed three out of the five targets set by the International Monetary Fund (IMF) for the second review of the USD 7 billion bailout package, a media report said on Wednesday.
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Mahindra Reports Q4 Results: 13.34 Pc Rise In Consolidated PAT
Consolidated revenue from operations stood at Rs 42,585.67 crore in the quarter under review, as compared to Rs 35,373.34 crore in the year-ago period.
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India Says Sanctioned Russian Oil Tankers Can Discharge Before February 27
The United States has clarified to India that tankers loaded with Russian oil have to discharge by February 27 under the latest sanctions targeting Moscow's oil revenue, India's oil secretary Pankaj Jain told reporters at an event.
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Nvidia To Balance "Compliance And Tech Advances" Under Donald Trump Administration
Nvidia reported record-high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term.
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New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
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PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
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Twitter's Advertisement Revenue to Reportedly See 28 Percent Drop in 2023
Twitter's income from advertising will reportedly fall by 28 percent in 2023, as the platform struggles under the ownership of Elon Musk. Analysts at Insider Intelligence are said to be slashing an earlier worldwide revenue estimate of $4.74 billion by more than a third to $2.98 billion as trust in the platform deteriorates.
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Air India Testing Algorithm-Based Software for Pricing, ChatGPT Under Tata Ownership: Report
Air India, until recently tied to an antiquated manual pricing system when setting airfares, is shifting to algorithm-based software long used by rivals to help it squeeze out more revenue from each flight.
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Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
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Twitter Urged to Step Up Efforts Against Disinformation as Firm Lags Behind Google, Meta and TikTok
Twitter lags behind rival firms Google, Meta, and TikTok in the fight against disinformation, the EU said on Thursday. The firms have submitted mandatory progress reports on compliance with the EU's code of practice on disinformation in the last six months, under per the Digital Services Act.
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Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
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Republic TV Among 3 Channels Busted For Rigging Ratings: Mumbai Cops
Republic TV is among three channels being investigated for gaming ratings and using it to spread fake narratives and gain ad revenues, the Mumbai police said today.
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Will Pay GST Arrears Despite Losses Due To "Act Of God": Centre To States
The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoid...
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Nokia Posts Surprise Second-Quarter Profit Jump as Pekka Lundmark Is Poised to Take Over as CEO
Nokia reported an unexpected rise in its Q2 underlying profit despite the COVID-19 crisis, while its new CEO Pekka Lundmark takes over this weekend.
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Facebook Reaches $550 Million Settlement in Facial Recognition Lawsuit
Facebook said on Wednesday it reached a $550 million settlement in principle related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent.
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Pakistan Misses 3 Out Of 5 IMF Targets Before 2nd Review Of $7 Billion Loan
Pakistan has missed three out of the five targets set by the International Monetary Fund (IMF) for the second review of the USD 7 billion bailout package, a media report said on Wednesday.
-
Mahindra Reports Q4 Results: 13.34 Pc Rise In Consolidated PAT
Consolidated revenue from operations stood at Rs 42,585.67 crore in the quarter under review, as compared to Rs 35,373.34 crore in the year-ago period.
-
India Says Sanctioned Russian Oil Tankers Can Discharge Before February 27
The United States has clarified to India that tankers loaded with Russian oil have to discharge by February 27 under the latest sanctions targeting Moscow's oil revenue, India's oil secretary Pankaj Jain told reporters at an event.
-
Nvidia To Balance "Compliance And Tech Advances" Under Donald Trump Administration
Nvidia reported record-high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term.
-
New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
-
PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
-
Twitter's Advertisement Revenue to Reportedly See 28 Percent Drop in 2023
Twitter's income from advertising will reportedly fall by 28 percent in 2023, as the platform struggles under the ownership of Elon Musk. Analysts at Insider Intelligence are said to be slashing an earlier worldwide revenue estimate of $4.74 billion by more than a third to $2.98 billion as trust in the platform deteriorates.
-
Air India Testing Algorithm-Based Software for Pricing, ChatGPT Under Tata Ownership: Report
Air India, until recently tied to an antiquated manual pricing system when setting airfares, is shifting to algorithm-based software long used by rivals to help it squeeze out more revenue from each flight.
-
Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
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Twitter Urged to Step Up Efforts Against Disinformation as Firm Lags Behind Google, Meta and TikTok
Twitter lags behind rival firms Google, Meta, and TikTok in the fight against disinformation, the EU said on Thursday. The firms have submitted mandatory progress reports on compliance with the EU's code of practice on disinformation in the last six months, under per the Digital Services Act.
-
Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
-
Republic TV Among 3 Channels Busted For Rigging Ratings: Mumbai Cops
Republic TV is among three channels being investigated for gaming ratings and using it to spread fake narratives and gain ad revenues, the Mumbai police said today.
-
Will Pay GST Arrears Despite Losses Due To "Act Of God": Centre To States
The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoid...
-
Nokia Posts Surprise Second-Quarter Profit Jump as Pekka Lundmark Is Poised to Take Over as CEO
Nokia reported an unexpected rise in its Q2 underlying profit despite the COVID-19 crisis, while its new CEO Pekka Lundmark takes over this weekend.
-
Facebook Reaches $550 Million Settlement in Facial Recognition Lawsuit
Facebook said on Wednesday it reached a $550 million settlement in principle related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent.
