Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs. 9,000 crore in India, Parliament was informed on Friday. Data shared by the Minister of State for Electronics and IT Rajeev Chandrasekhar in Rajya Sabha showed tax evasion of around Rs. 9,000…
Formula 1 returns for the Hungarian Grand Prix, the 11th round of the 2023 F1 Championship, after a gap of two weeks from the British Grand Prix. The race weekend for F1 starts on Friday, July 21, and goes on till Sunday, July 23. This is a standard race weekend…
Profits generated via crypto activities in India are subjected to a 30 percent tax deduction, a rule that most members of the Indian crypto community have been failing to comply with. In order to get more Indian crypto investors to pay their taxes, TaxNodes has decided to offer complimentary NFTs…
The Financial Stability Board (FSB), a body that oversees recommendations about the global financial systems, has called for a global set of rules to govern the crypto sector. The FSB has evidently chimed-in with India’s vision as well. Under its ongoing G20 presidency, India has been working with international financial…
India’s new 28 percent tax on online gaming companies will stifle foreign investment and put $2.5 billion (roughly Rs. 20,500 crore) already invested in the sector at risk, more than 100 gaming firms have said in a letter to India’s finance ministry. India this week announced the tax on the…
The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters. Indian conglomerate Vedanta’s London-based parent, Vedanta Resources, has been plagued by a rising debt pile….
A UK-based company is planning to set up a semiconductor fabrication unit in Odisha’s Ganjam district with an investment of Rs. 30,000 crore in the first phase, officials said. The SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed…
US memory chip firm Micron Technology on Wednesday signed a memorandum of understanding with the Indian government to build a semiconductor plant, its first factory in the country. Micron said last week it will invest up to $825 million (nearly Rs. 6,850 crore) in the facility. With support from the…
Google has urged India’s Supreme Court to quash antitrust directives against it for abuse of the Android market, two sources said, as its presses its legal battle against the competition watchdog in one of its most important markets. The Competition Commission of India (CCI) said in October that Google, whose…
IT services company Infosys on Thursday announced it has launched a free Artificial Intelligence (AI) certification training on Infosys Springboard Virtual Learning Platform. According to a statement, Infosys AI-first specialists and data strategists, responsible for delivering Infosys Topaz AI-first set of services, solutions, and platforms will help shape the curriculum, to arm learners with future-ready skill sets. Infosys will provide certification in AI and Generative AI skills, crucial for landing jobs, through InfosysSpringboard Virtual Learning Platform, it said. The certification will offer…
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