SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector.

Volkswagen has contested a $1.4 billion tax demand from the Indian Government in the Mumbai High Court, claiming it threatens its investment and operations in the country. Click for more details.

The dispute, which involves the importation of car parts, could impact the company's business plans and investment in India.

Volkswagen has filed a lawsuit against Indian authorities over what the brand describes as an "impossibly enormous" tax demand, according to a new report from Reuters — a bill of $1.4 billion.

Volkswagen (VWAGY) shares skidded lower as the U.S. slapped tariffs on trading partners, but there are perhaps more pressing import tax matters

In November 2024, the Volkswagen Group was slapped with a notice for evading a tax worth humongous $1.4 billion (approx. Rs 11,847 crore) by the Government of India for “wilfully” paying lesser import tax on components for the cars brought to India under the Audi, VW and Skoda brands.

Volkswagen sues Indian authorities over $1.4-billion tax demand, claiming it violates import taxation rules and risks investments.