Government setback to Chinese EV company BYD’s plan to set up factory in India 

[ad_1] BYD’s rival Tesla had started talks with the central government on an investment proposal to set up a factory in India. The annual capacity of the company’s factory will be around five lakh units. [ad_2]

Oppo, Vivo, Xiaomi Found Stealing Tax Worth Rs 9000 Crore, Government Recovered Rs 1630 Crore

[ad_1] Chinese smartphone companies Oppo Mobile, Vivo India and Xiaomi Technology have committed tax evasion of around Rs 9,000 crore. This information has been given to the Parliament by the Central Government. This includes evasion of Customs Duty and Goods and Services Tax (GST). These companies have evaded this tax in the last three financial … Read more

Telecom Companies to Pay Rs 35 Crore Fine for Failing to Curb Spam Calls, SMS

[ad_1] Telecom companies have had to pay heavy fines for failing to block spam calls and SMS on their networks. Last month, telecom regulator TRAI directed telcos to create a unified digital platform for obtaining consent from customers for promotional calls messages. In this regard, Telecom Minister Ashwini Vaishnaw has written a letter to the … Read more

Health Ministry Issue Notices to 15 Websites for Selling E-Cigarettes, Vendors Selling Harmful Device to Children

[ad_1] The Health Ministry has sent notices to 15 websites for selling e-cigarettes despite a ban imposed a few years ago. These websites have been directed to stop advertising and selling e-cigarettes. Apart from this, notice can also be sent to six more websites soon. Advertisements and sales related to it on social media are … Read more

Byju’s in Big Trouble over Financial Issues, Government Orders Investigation Against Company

[ad_1] The Corporate Affairs Ministry has ordered an inquiry into the books of edutech company Byju’s, which has been in trouble for the past few months. Byju’s has delayed submission of financial statements and there are corporate governance issues with the company. Bengaluru-based Think & Learn, which runs the Byju’s brand, will be investigated by … Read more

Online Gaming Industry Could Get Some Relief On 28 Percent Tax, Government Indicates

[ad_1] Recently, the Goods and Services Tax (GST) Council had agreed to levy a GST of 28 per cent on the full value of online gaming, casino and horse racing. This was strongly opposed by the online gaming industry. This industry says that due to this heavy burden of tax, they will suffer a big … Read more

Elon Musk Going Overboard for Twitter, Should Focus on Tesla, Say Angry Tesla Investors

[ad_1] Competition is increasing for Tesla among the big electric vehicle (EV) companies. Tesla head Elon Musk has been focusing on ventures ranging from the microblogging site Twitter to space travel and artificial intelligence for the past several months. Tesla’s investors are angry with this and have advised Musk to focus on the EV company. … Read more

Tesla Makes First Cybertruck After Two-Year Delay, Elon Musk Is Elated

[ad_1] Tesla, one of the largest electric vehicle (EV) companies, has made its first electric pickup or cybertruck. There has been a delay of two years in this project of the company. Tesla said in April that it would roll out its first Cybertruck this year. The company had announced this Cybertruck about four years … Read more

Okaya EV Will Provide Attractive Interest Rates for Purchasing its Electric Scooters with No Down Payment

[ad_1] Electric two-wheeler maker Okaya EV has tied-up with 12 financial institutions to offer attractive financing schemes to its customers. The company said that this will make it easier for customers to get loans quickly. Okaya EV offers an introductory interest rate of 5.99 percent with no down payment. For this, the company has tied-up … Read more

Tesla Riva BYD Planning to Make Electric Cars in India

[ad_1] The market for Electric Vehicles (EV) has grown rapidly in the last few years. Recently, Tesla, a major company in this segment, revealed plans to set up an EV factory in India. Tesla’s rival BYD has also submitted an investment proposal of about one billion dollars for manufacturing electric cars and batteries in the … Read more