The Income Tax Office of India has demanded unpaid tax claims of about 5.5 billion rupees ($88 million) from the Indian arm of Mondelez International Inc. The Indian arm of Mondelez, which was producing Cadbury brand of chocolates is being questioned over the unpaid tax as the country is looking to reduce its budget deficit by actively pursuing multinationals who have not paid taxes. The tax...

Times Internet is investing in Uber to fund its expansion in India. Uber has entered into a strategic agreement with Times Interest to facilitate the company’s expansion in India. The marketing agreement with one of the world’s most popular start-up was worth $24 million. This alliance is not strange for Uber, as it has entered into similar kind of partnerships in different markets across the...

Samsung’s operating profit estimates for the first quarter this year is much above expectations. The tech giant, Samsung’s quarterly operating profit forecast for the first quarter of 2015, is about 5.9 trillion won ($5.43 billion). The better than anticipated financial results is mainly due to strong demand for the mobile chips and expansion of its smartphone business. The forecast indicates a...

European Union regulators are studying tax practice of largest coffee-shop chain in the world Starbucks Corp. Initially their suspicions were aroused by the fact that over the years the company records losses in major European markets, despite the hundreds of millions of revenue, writes The Wall Street Journal. The investigation was initiated in 2014, and at the very start, Starbucks...

France-based multimedia company Vivendi has emerged as the new bidder for video sharing site Dailymotion, often called as the French Youtube, now that Hong Kong-based PCCW is out of the fray. Vivendi has made a 250 million euro (£184 million) offer once the talks between Telecom group Orange, which owns Dailymotion, and PCCW ended. The Hong Kong offer was dismantled as the French government was...

Dairy giant Fonterra Australia’s chief executive Judith Swales said that the company aims to win farmers from its competitors through its new Equity Partnership Trust and is looking at first investments in dairy farms around October this year. The New Zealand-based dairy exporter started consulting from last year with local farmers about starting the independent trust to provide long-term...

Tim Cook and various other C.E.O. showed strong resistance in unison against the anti-gay bill that is yet to be approved by the Indiana Government. According to the said bill, any gay, transgender and lesbian customers can be denied their right to shop. Hong Kong- 05 April 2015- According to Tim Cook, the C.E.O. of Apple Company, anti gay laws can prove “very dangerous”, as he publically...

The acceleration in global pharmaceutical M&A activities in the first quarter of 2015 was driven by the intense competition among the companies to discover blockbuster drugs. The worldwide mergers and acquisition activities for the year 2015 so far is outpacing its performance of previous year. The healthcare deals are leading ahead with its volumes almost more than double as compared to the...

Software giant Microsoft has announced that it plans to launch its Office Lens App to iPhone and Android mobile software.   The company’s new announcement is part of a slew of measures to bring its trademark software and apps to the larger market. The Office Lens App allows users to take photos of a document and turn it into an editable file. It is currently available on phones running on...