Tag Archives: India

India’s decision to levy a tax on companies offering digital services in the country is not aimed at any particular country and the decision will not be reconsidered, people with knowledge of the matter said. The decision has been conveyed to the U.S. trade department, which had initiated a probe alleging the South Asian nation was targeting companies such as Amazon.com Inc., Facebook Inc. and Alphabet Inc.’s Google, the people said asking not to be identified citing… Source link

(Bloomberg) — Tesla Inc.’s relentless surge faltered Monday, with shares erasing a double-digit gain and dipping into negative territory, despite enthusiasm ahead of several events that include the possible unveiling of new battery technology, the entry into a lucrative new market and the stock’s potential addition to the prestigious S&P 500 Index. Tesla shares, which had gained as much as 16% Monday before losing steam, have seen an incredible rally this year that has left Wall Street… Source link

CEO Sundar Pichai announced the investment via livestream on Monday at the annual Google (GOOGL) for India event. “This is a reflection of our confidence in the future of India and its digital economy,” he said in a statement. “India’s own digital journey is far from complete. There’s still more work to do in order to make the internet affordable and useful for a billion Indians … from improving voice input and computing for all of India’s languages, to inspiring and supporting a whole new… Source link

Google said on Monday that it has partnered with CBSE, an Indian government body that oversees education in private and public schools in the country, to deliver by the end of this year a “blended learning experience” across 22,000 schools in the world’s second largest internet market. The Search giant, which today also announced plans to invest $10 billion in India over the course of five to seven years, said it will train more than 1 million teachers in… Source link

Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Alphabet Inc’s Google on Monday said it will spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. The investments will be done through a so-called digitization fund, highlighting Google’s focus on the rapid pace of growth of apps and software platforms in India, one of the world’s biggest internet services… Source link