Centre Sends $1.4 Billion Tax Evasion Notice to Volkswagen India Over Import Misclassification : Report

Volkswagen India Faces $1.4 Billion Tax Evasion Notice from Centre

Volkswagen India is under investigation for allegedly evading taxes worth $1.4 billion (₹11,842 crore), as the Centre issued a show-cause notice for the alleged misclassification of imports to avoid higher import duties. According to a report by Reuters, the notice was issued on Friday, alleging that Volkswagen's India unit, Skoda Auto Volkswagen India, had been mis-declaring and mis-classifying parts of its cars, including luxury models like Audi A4, Q5, Skoda Superb, and Tiguan SUV, to evade tax payments.

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“Minister Highlights New Pamban Bridge as a ‘Remarkable Engineering Achievement'”

Minister Hails New Pamban Bridge as "Modern Engineering Marvel" Amid Safety Concerns

Railway Minister Ashwini Vaishnaw on Friday praised the new Pamban bridge in Rameswaram, Tamil Nadu, calling it a "modern engineering marvel." The bridge, India's first vertical lift railway sea bridge, will replace the existing 105-year-old Pamban Rail Bridge, which had been in operation since 1914. The new structure is set to enhance connectivity, boost tourism, and support high-speed train services.

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Media Designs Expands Global Footprint with New Office in Dubai.

Media Designs Expands Global Footprint with New Office in Dubai.

Media Designs, a leading production house with a strong presence across India, has officially launched its new office in Dubai, marking a significant step in its global expansion strategy. The move to establish a state-of-the-art facility in Dubai is aimed at tapping into the growing media and production markets across the Middle East and Africa.

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“Zerodha Founder Nithin Kamath Returns from Europe, ‘Everything feels like cut, copy, paste’”

Zerodha's Nithin Kamath Reflects on India's Diversity After Europe Trip, Sparks Social Media Conversations

Zerodha founder and Indian billionaire Nithin Kamath has shared his reflections on India’s unique cultural diversity following his recent trip to Europe. His post, which was published on social media platform X (formerly Twitter), resonated with many users, igniting discussions about India’s contrasting cultural richness and the country’s unity in diversity.

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“Intel Secures $7.86 Billion U.S. Government Subsidy to Boost Domestic Chip Manufacturing”

Intel Secures $7.86 Billion U.S. Government Subsidy for Chip Manufacturing Projects

Intel has been awarded a $7.86 billion subsidy from the U.S. government to support its semiconductor manufacturing projects, marking a significant step toward boosting domestic chip production. This subsidy, finalized by the U.S. Commerce Department on Tuesday, is part of a broader initiative to revitalize U.S. manufacturing and reinforce national security.

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