Broadband technology company Sterlite Technologies has reached a settlement with the Data Management Centre, agreeing to pay $467,400 (approximately Rs 4 crore) to resolve a dispute. The Data Management Centre had previously sought $2.7 million (around Rs 23 crore) in damages due to delays and unmet obligations in their agreement with Sterlite. According to a ...
 "Aviva’s India Unit Under Fire for Alleged Million Tax Evasion Scheme")
British insurer Aviva is under scrutiny in India for alleged tax evasion involving fake invoices and cash payments to sales agents. Reports indicate that between 2017 and 2023, Aviva’s India unit breached local commission regulations, which led to an estimated $5.2 million in unpaid taxes. The Indian tax agency claims that Aviva channeled about $26 ...
 "Aviva’s Dramatic Downfall: Unmasking a Million Commission Conspiracy in India")
The Indian tax agency has accused British insurer Aviva of violating local rules by using fake invoices and secret cash payments to pay sales agents beyond allowed commission limits. Over a span of six years, Aviva reportedly funneled around $26 million to non-performing vendors to disguise these excess payments. Investigators revealed that senior officials, including ...
 "In a riveting update at the 47th AGM, Reliance Industries Chairman Mukesh Ambani announced that Reliance Jio has ascended to unparalleled heights, becoming the world’s largest data network while catalyzing India’s transformation into the largest data market globally. With the triumphant completion of its nationwide 5G rollout, the telco now boasts over 130 million 5G users, eyeing massive growth in home broadband services targeting 1 million new customers monthly. As 5G adoption soars, Jio’s strategic position to absorb 200 million 2G users opens new vistas, solidifying its dominance in the digital era.")
Reliance Jio has become the world’s largest data company, handling 8% of the global internet traffic according to Chairman Mukesh Ambani. This achievement highlights Jio’s rapid growth and its pivotal role in enhancing digital connectivity on a global scale. Read more to find out how Jio is transforming the data landscape and what this means ...
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Today’s Current Affairs: Bison Herd in Romania Could Offset CO2 Equal To 2 Million Cars Researchers studying European bison in Romania have found that these large herbivores may be a powerful tool in the fight against climate change. A herd of just 170 bison could store an amount of carbon dioxide (CO2) equivalent to taking ...
The Wisconsin pension fund has made a bold move by investing $160 million in Bitcoin exchange-traded funds (ETFs). This decision marks a significant step towards embracing cryptocurrency as a legitimate asset class. The fund’s strategic shift reflects a growing trend among institutional investors to diversify their portfolios with digital assets. With this new investment, the ...
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