Business updates

Business updates

Tesla sales plunge by 49% in Europe over stiff competition and brand image issues

The drop came despite a 28.4-percent increase in overall electric car sales in the EU over the same two-month span to 255,489 units.>

New Income Tax Bill to be taken up for discussion in monsoon session, Nirmala Sitharaman says

The Select Committee has been mandated to submit its report on the bill by the first day of the next session of Parliament.>

India plans to scrap digital ad tax to ease concerns of US companies like Google, Meta and Amazon: Report

The government proposes to abolish the 6% equalisation levy on online services, including advertising, as part of amendments to the Finance Bill 2025.>

Meta plans to charge European customers to not see ads on Instagram and Facebook due to privacy laws: Report

Meta currently estimates 258 million monthly Facebook users and 257 million Instagram users for the first half of the year in the EU.>

Withdrawing money from a different bank's ATM to cost more from May 1 | Full details here

These charges will be applicable once users exhaust their free monthly limits; Five transactions in metro cities and three in non-metros at other banks' ATMs.>

Alibaba chairman warns of AI data center construction bubble. Here's what he said

Alibaba Group Holding Ltd. Chairman Joe Tsai warned of a potential bubble forming in data center construction.>

SG Finserv shares rise nearly 20% after top investor Madhu Kela's bulk stake purchase

SG Finserve is an NBFC offering financing solutions to dealers, distributors, retailers, buyers, suppliers, and transporters, among others of Indian corporates.>

Mamaearth's Ghazal Alagh reveals how leadership thrives on trust not control

Ghazal Alagh shared leadership tips on LinkedIn, urging trust, teamwork, and honest talks.>

23andMe stock falls nearly 60% due to bankruptcy filing

23andMe is a Silicon Valley-based company which provides ancestry and health information using a mail-back saliva test. It has now filed for bankruptcy.>

Chinese EV giant BYD overtakes Tesla globally with record sales in 2024

BYD is also making a Europe push at a time when Tesla sales are dropping there over CEO Elon Musk's support for far-right political groups.>

Credits : HTimes