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business news

Startups: Assessee company needs to prove investor credentials: Income Tax dept

by Adam Aitken
Startups: Assessee company needs to prove investor credentials: Income Tax dept

NEW DELHI: The income tax department on Friday said that the burden of proof to establish the creditworthiness of an investor is on the company whose returns are being assessed. …

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BMW, Mercedes reveal electric concept cars: Specs, features, details

by Francesco Algarotti
BMW, Mercedes reveal electric concept cars: Specs, features, details

The Mercedes-Benz Concept CLA Class was unveiled at IAA Mobility 2023 in Munich, Germany. The platform will underpin the German automaker’s push into electric cars. Mercedes-Benz Mercedes-Benz and BMW took …

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Big pharma blockbuster obesity drug battle is headed for $100 billion

by James Agee
Big pharma blockbuster obesity drug battle is headed for 0 billion

Ozempic drug to treat diabetes. Courtesy: Ozempic In their most recent earnings reports, Novo Nordisk and Eli Lilly proved why they are the undisputed heavyweights in the prizefight for control …

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How Sony’s Hawk-Eye works at the U.S. Open

by Claribel Alegria
How Sony’s Hawk-Eye works at the U.S. Open

Since 2022, the U.S. Open has had no line judges. Instead, the tournament uses Hawk-Eye Live, an electronic line-calling system, to determine whether a tennis shot is in or out. …

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Why China is turning into a liability for U.S. companies

by Betti Alver
Why China is turning into a liability for U.S. companies

One of my bigger regrets from college is that I couldn’t — because of scheduling and other conflicts — go on a six-week trip the business school was offering to …

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German automaker BMW unveils new EV concept car

by Lotfi Akalay
German automaker BMW unveils new EV concept car

German automaker BMW on Saturday launched a hotly anticipated electric concept car, saying the so-called “Vision Neue Klasse” represents the dawn of a new era for the company. BMW’s latest design …

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China’s electric carmakers BYD, Xpeng ramp up push overseas

by Francesco Algarotti
China’s electric carmakers BYD, Xpeng ramp up push overseas

BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC …

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Elon Musk biographer moves to ‘clarify’ details on Ukraine, Starlink

by Claribel Alegria
Elon Musk biographer moves to ‘clarify’ details on Ukraine, Starlink

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte …

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What it’s like in Europe’s crypto hub Portugal as the U.S. cracks down

by Claribel Alegria
What it’s like in Europe’s crypto hub Portugal as the U.S. cracks down

Alexander Spatari | Moment | Getty Images LISBON, PORTUGAL — Matadors and bitcoin maximalists are regulars at Campo Pequeno, a neo-Moorish bullring in the northernmost reaches of the Portuguese capital …

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G20 nations compromise on Ukraine war reference to reach Delhi agreement

by Betti Alver
G20 nations compromise on Ukraine war reference to reach Delhi agreement

India’s Prime Minister Narendra Modi (2L) addresses the opening session of the G20 Leaders’ Summit at the Bharat Mandapam in New Delhi on September 9, 2023. Ludovic Marin | Afp …

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