• Tue, March 25, 2025

by: BBC

Launceston bank closures a 'disaster' for town

Businesses and bank customers in a town in Cornwall say they are concerned about banking access after three banks announced branches were to close within a month.Lloyds' branch in Launceston is due to close on 12 May,

by: Newsweek

UnitedHealthcare 'Pushing' Boundaries of Medicare Fraud, Republican Says

Rep. Greg Murphy (NC-R) discussed Republicans' efforts to reduce Medicare and Medicaid fraud on Fox Business Monda.

by: Moneycontrol

Finance Bill 2025: New income tax bill to scrapping of equalisation levy - Here's what Nirmala Sitharaman said in Lok Sabha

The Upper House is also expected to take up The Disaster Management (Amendment) Bill, 2024, which has already been passed by the Lok Sabha.

by: Bloomberg

Fleetio to Acquire Auto Integrate in $1.5 Billion Fleet Deal

Fleetio, a software firm that helps companies manage their vehicle fleets, has raised $450 million in late-stage venture funding to help finance a takeover of maintenance-authorization platform Auto Integrate.

by: CoinDesk

Trump-Backed World Liberty Financial Confirms Dollar Stablecoin Plans with BitGo

The USD1 token will be fully backed by U.S. government securities and cash, with BitGo providing custody services for the reserves.

by: BuzzFeed

People Are Sharing The Career Advice That Changed Their Lives, And It Will Make You Rethink Everything

"Don't be afraid to stay true to you, know your worth, and at all costs, protect your vibe" View Entire Post ›

by: News4Jax

10 IRA mistakes to avoid

The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two big drawbacks: required minimum distributions (RMDs) and ordinary income tax on withdrawals. Assuming a backdoor Roth IRA will be tax-free

by: cnbctv18

Lok Sabha passes Finance Bill 2025 with 35 amendments

Finance Minister Nirmala Sitharaman outlined changes aimed at tariff rationalisation and boosting domestic manufacturing while discussing the bill.

by: GOBankingRates

What Is a Spot Loan and How Does It Work?

What is a spot loan? It's a short-term installment loan with fast approval -- but be prepared for high interest rates and quick repayment terms.

by: Zawya

QDB unveils partial guarantee investment program to promote investment and empower Qatar's private sector

The program aims to reduce financial risks, encouraging both individual investors and investment groups to invest in tech startups

by: Investopedia

Honeywell Names Sewell as CEO of Advanced Materials Business

Honeywell International, which announced plans last month to split into three independent companies, said Tuesday it has named David Sewell as the CEO of its advanced materials business.

by: Time

How TIME and Statista Determined the Top GreenTech Companies of 2025

The research projects "America's Top GreenTech Companies 2025" and "World's Top GreenTech Companies 2025" are comprehensive analyses conducted to identify the top-performing GreenTech companies in the United States and globally.

by: GlobalData

Morrisons' store and operations cost-cutting move risks 365 jobs

UK supermarket chain Morrisons has unveiled a comprehensive plan to revitalise its business operations as it embarks on the second phase of its strategic renewal programme. The retailer plans to close multiple facilities,

by: Newspoint

India to Remove 6% 'Google Tax' from April 1 - A Game Changer for Digital Giants like Meta and X

India Scraps 6% Digital Advertising Tax In a significant policy shift, the Indian government has decided to eliminate the 6% digital advertising tax, commonly known as the 'Google Tax.' This decision is part of the Finance Bill 2025 and is set to take effect from April 1.

by: CNBC

Treasury scraps reporting rule for U.S. small business owners

The Treasury Department issued a rule that significantly waters down the number of businesses that must report information about their owners.

by: Audacy

West Herr WBEN Buffalo Business Report - Tuesday, March 25th, 2025

New York Beer Project must pay $225,000 after settling a discrimination lawsuit, NYSEG to hold a smart meter open house in Lockport, and the Sabres host a sports and entertainment career fair.

by: Forbes

Who Is Frank Bisignano? Democrats Grill Trump's Social Security Pick At Confirmation Amid DOGE Cuts To Service.

Service at the Social Security Administration is reportedly in decline as Elon Musk's DOGE has sought to investigate the agency.

by: TechRadar

"It's our job to deliver constant innovation" - NetSuite head on why it wants to be the operating system for your whole business

The head of OracleNetSuite has laid out his vision of getting business technology to work by ensuring your organization is connected as much as possible.Speaking at the company's SuiteConnect London 2025 event,

by: Entrepreneur

Denmark's IFU Backs Ecofy with $12.5M to Drive EV and Solar Adoption

The funding is part of the Green Strategic Partnership between India and Denmark, established in 2020 when the prime ministers of both nations signed a collaborative agreement to promote sustainability.

by: AOL

Judge upends Boeing-DOJ legal saga and orders 737 Max trial for June

A federal judge overseeing plea deal negotiations between the Justice Department and Boeing has scrapped an order giving the parties more time to reach an agreement and instead ordered the giant jet maker to face a jury trial.

by: KTVO

Deadline approaches for Ottumwa business owners to apply for Open 4 Business program

Main Street Ottumwa is offering a new opportunity for entrepreneurs as part of the "Open 4 Business" program, which supports existing businesses in over 50 Main Street Iowa communities. The program is seeking businesses to pitch ideas for a chance to receive $25,

by: ProPakistani

IMF and Pakistan Reach Staff Agreement for $1 Billion Loan, $1.3 Billion Climate Facility

The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement on the first review of Pakistan's Extended Fund

by: Insider

$6 meals and food bank hauls: ALICEs on TikTok share their best tips for affording groceries

Parents told BI how they afford food for their families — through a combination of food bank hauls, cheap grocery trips, and government assistance.

by: Fortune

Tesla analyst says CEO Elon Musk is 'back in charge' after surprise all-hands meeting, and investors are rewarding the company's stock

Musk stepped up last week with the all-hands meeting, and that sent a much needed positive signal to employees and investors," Ives told Fortune. "The stock was way oversol

by: Reuters

More European oil refineries to close, convert in next 10 years, panel says

European oil refineries will have to adapt to the energy transition or face a heightened risk of closure by 2035, a panel of executives said at the Financial Times Commodities Global Summit in Lausanne on Monday.

by: AOL

74 Haunted, Cursed, And Deeply Bizarre Things Found Secondhand (New Pics)

Nowadays, you can find anything you want online. Need a robot vacuum? It'll arrive in three to five business days. Your cell phone needs a new case? There are thousands of options you can choose from right at your fingertips.

by: Entrepreneur

This Business Mistake is Quietly Costing You. Here's How to Catch and Fix It

From slow connections to outdated contracts, bad infrastructure is a silent revenue killer. Here's how to identify and fix these costly problems before they impact your bottom line.

by: GOBankingRates

The Ultimate Guide To Purchasing and Financing Investment Properties

Here's what you should know about how to finance real estate investments, from buying property and how to weigh the risks and rewards.

by: CNBC

Software giant SAP becomes Europe's most valuable firm amid German stock market boom

Software-maker SAP became Europe's most valuable company this week, riding a wave of artificial intelligence enthusiasm and German stock market gains. CEO Christian Klein previously told CNBC that SAP had the "richest business data set of all tech companies" which was allowing it to deliver a multitude of new AI services.

by: ProPakistani

Finance Ministry Hiring 6 Experts to Operationalize New Tax Policy Office on IMF Demand

The Ministry of Finance is recruiting six professionals to set up the Tax Policy Office (TPO) for the $7 billion Extended Fund Facility (EFF) agreement

by: Kiplinger

Can You Be Fired for Going to Work When You're Contagious?

What's an employer to do when an employee shows up at the office with a cold or the flu and spreads germs to co-workers?

by: Forbes

Fair Conduct: The Foundation Of Customer Trust And Business Resilience

Are we solving problems fast and treating customers with respect? Technology: Are systems and automation delivering fair outcomes without bias? Vulnerable Custom

by: Forbes

Who Is Frank Bisignano? Trump's Social Security Pick Has Confirmation Hearing Today Amid DOGE Cuts To Service.

Service at the Social Security Administration is reportedly in decline as Elon Musk's DOGE has sought to investigate the agency.

by: AOL

How to Get a Business Loan With Bad Credit

Entrepreneurs with poor business credit can still get loans, but their options differ, as lenders weigh both default risk and overall financial health.

by: Reuters

To feed a warming world, we must also serve up gender equality

This year will be pivotal for the sustainability of food and agriculture as countries submit their new climate strategies ahead of global talks at the United Nation's COP30 meeting in Belem, Brazil, in November.

by: Insider

Here's a look at 9 ultra-rich members of Congress

Millionaires aren't difficult to find on Capitol Hill. And with each passing election cycle, money seemingly plays an increasingly bigger role.

by: Fortune

AI improves both individual and team performance, new study finds. Will companies draw the right lessons from it?

The groups were then tasked with coming up with new ideas for consumer products in the various P&G divisions in which they worked (baby care, feminine care, grooming, and oral care). These ideas were then assessed by human judges with both relevant business and technology expertise.

by: Insider

BMO Savings Rates: Pros, Cons and Alternatives

BMO Savings Account review, we analyze BMO savings rates and BMO Alto savings rates. We also look at fees and customer service options.

by: Reuters

India ends import duty for items needed to make EV batteries, phones

India on Tuesday said there would be no import duties on several goods used to manufacture electric vehicle batteries and mobile phones amid broader tariff cuts to help local producers withstand the potential impact of reciprocal U.

by: Forbes

How Could Trade Tariffs Impact Real Estate Developers And Investors In Canada?

Lower interest rates, often a response to tariff-induced economic shifts, have a direct impact on mortgage rates. As borrowing costs decrease, more Canadians qualify for mortgages, often leading to increased housing demand. This benefits builders by strengthening the seller's market, as more buyers compete for available properties.

by: Forbes

Navigating Domestic And International Regulations For Asset Protection

While you don't need to monitor every new law obsessively, staying informed about key regulatory shifts is crucial.

by: Reuters

Trump's World Liberty Financial crypto venture says it will launch stablecoin

Donald Trump's World Liberty Financial crypto venture will launch a dollar-pegged stablecoin called USD1, backed by U.S. Treasuries, dollars and other cash equivalents, it said in a statement on Tuesday.

by: Insider

Social Security Administration commissioner nominee says he's 'never thought' about privatizing the agency

Democrats during a Senate hearing questioned Frank Bisignano about what they said are haphazard cost-cutting efforts by the White House DOGE office.

by: Reuters

Govt slaps Samsung with $601 million tax demand for telecom imports

Samsung was ordered to pay 44.6 billion rupees ($520 million), consisting of unpaid taxes and a penalty of 100%

by: Reuters

Standard Chartered makes three new hires in India to boost private credit business

Standard Chartered has made three new hires in India, according to its email to Reuters on Tuesday, as the bank aims to bolster its private credit business in the country.

by: Reuters

India slaps Samsung with tax demand of $601 million for telecom imports

India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment. The demand represents a substantial chunk of last year's net profit of $955 million for Samsung in India.

by: Reuters

Canadian aerospace groups warn fresh tariffs could raise costs on engine repairs, parts

Escalating U.S. tariffs and Canadian retaliatory duties could raise costs on items from aircraft components to engine repairs, according to aerospace trade groups in Canada, as a fresh round of the U.

by: Reuters

Exclusive: India slaps Samsung with tax demand of $601 million for telecom imports

India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a government order showed, for one of the biggest such demands in recent years.

Exclusive: India slaps Samsung with tax demand of $601 million for telecom imports

India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a government order showed, for one of the biggest such demands in recent years.
India has issued a tax demand of 49.9 billion rupees ($601 million) to Samsung Electronics for the period from 2019 to 2023, related to the import of telecom equipment. The tax notice, which includes penalties and interest, was issued by the Directorate General of GST Intelligence in Pune. Samsung has the option to appeal this demand, and the company has stated that it will take appropriate actions in response to the notice. This development comes amidst India's efforts to increase scrutiny on multinational corporations' tax practices, particularly concerning imports and transfer pricing.

Read the Full Reuters Article at:
https://www.reuters.com/world/india/india-slaps-samsung-with-tax-demand-601-million-telecom-imports-2025-03-25/

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