Business
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GST evasion cases rose 23.5% in 2 years, 166% rise in detection
New Delhi: There has been a rise of 23.5 per cent in cases of GST detection between 2020-21 and 2022-23, while in terms of detection of GST evaded, there is a huge…
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Tesla Cybertruck spotted with calibration equipment: Report
San Francisco: Elon Musk-owned Tesla’s Cybertruck has been spotted fitted with calibration equipment. With more frequent sightings and other signals from the auto-maker, the electric pickup truck is moving closer to initial…
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Maruti Suzuki to buy Suzuki Motor Corp share in Gujarat plant
Chennai: Automobile major Maruti Suzuki India Ltd has decided to acquire Suzuki Motor Gujarat Pvt Ltd (SMG) from its Suzuki Motor Corporation (SMC) for a sum to be arrived at later, a…
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Insufficient infrastructure hampers EV adoption in urban areas
New Delhi: Researchers have found that the lack of public infrastructure is severely limiting EV (electric vehicle) adoption in urban environments, a new study said on Monday. In particular, as flat and…
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Metaverse users to surpass over 600 mn by 2026 due to generative AI: Report
New Delhi: Metaverse (the virtual 3D environment in which the physical and digital worlds converge) users will surpass 600 million by 2026 due to generative artificial intelligence (AI), a new report has…
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New unicorns dry up globally, down 80% from their peak in 2021
New Delhi: There has been a massive 80 per cent drop in freshly-minted unicorns (with valuation $1 billion and above) globally from the peak in 2021, a new report has revealed, as…
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RBI won’t revise repo rate, decision to be unanimous: Economists
Chennai: Despite food inflation and existance of continued geo-political and climate risks, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not change the interest rate from the current 6.5…
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Aiming over 50% share in super-premium Indian market with new foldables: Samsung’s TM Roh
New Delhi: India is one of the fastest growing and the largest mobile markets in the world and Samsung now aims to reach over 50 per cent market share in the country…
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GST detects Rs 27 crore tax evasion; only Rs 922 crore recovered
New Delhi: In six years since the introduction of the Goods and Services Tax (GST), the government has detected 5,070 fraud cases of GST registration misusing PAN and Aadhaar details of people…
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Apple tightens App Store rules on APIs to safeguard users’ data
San Francisco: In another bid to safeguard users’ privacy on the App Store, Apple will require developers to explain under a new policy why they need access to select data, to prevent…
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Samsung aims to raise global foldable sales to over 20% of its premium biz
Seoul: This year will mark a major turning point for Samsung Electronics’ smartphone business, with a goal to push up the portion of foldable phones to more than 20 per cent of…
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You need 15 mn impressions, 500 followers to earn money on Musk’s X
New Delhi: As Elon Musk rolled out its ads revenue programme for creators globally including in India, one needs to be subscribed to X Blue (earlier Twitter Blue), have at least 15…
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DGCA slaps Rs 30 lakh fine on IndiGo for frequent tail strikes
New Delhi: After conducting a special audit prompted by concerns over IndiGo Airlines’ frequent tail strike incidents, the Directorate General of Civil Aviation (DGCA) has imposed a fine of Rs 30 lakh…
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Gaming industry proposes new GST levy formula to government
New Delhi: The online gaming industry has suggested a new formula to the government for levy of 28 per cent GST on its activities, mainly seen as a measure to protect its…
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IPO-bound Ola Electric recorded operating loss of $136 mn in FY23: Report
New Delhi: IPO-bound Ola Electric has reportedly recorded an operating loss of $136 million (roughly Rs 1,116 crore) and revenue of $335 million (roughly Rs 2,750 crore), missing its revenue goal disclosed…
