ImageExecutives from Amazon, Apple, Facebook and Google faced a grilling on Capitol Hill on Tuesday as lawmakers questioned their business practices.President Trump has also turned up the volume of his critique of tech companies in recent weeks.
There is nothing else,” said Andreas Mundt, Germany’s antitrust regulator.As American regulators and lawmakers intensify their scrutiny of Big Tech, there is a lot of discussion about whether or how they could accuse the companies of violating antitrust law.
According to experts, the percentage of tax work originating from audit clients may vary from 10% to 20% between the top four firms.The smaller firms often earn more from the tax work they do for audit clients compared to what they make in audit fee.
For the first time, TV sales have not shown the usual spike during a World Cup, following the rise in spending on ACs in April and May amid a heatwave.Mumbai’s leading chain Kohinoor Electronics’ director Vishal Mewani said sales during the football World Cup were better despite cricket having more broadcast viewers.
“Now the Indian audit firms will have to scale up and they will have to meet the requirements of the country for auditing services.In India, the Big Four firms operate through separate local entities to abide by Institute of Chartered Accountants of India (ICAI) rules.
)Tech skeptics speak outFrom President Trump to Yelp to the owner of a small noodle shop in Harlem, plenty of people have become openly critical of tech giants like Facebook and Google, Jack Nicas and Karen Weise of the NYT report.• “Obviously there is something going on in terms of monopoly,” President Trump told CNBC yesterday.
First, companies need a Big Data strategy to analyze the data.The strategy should also include the main purpose of Big Data.
They made “unauthorised auto-deduction from IL&FS escrow accounts,” in the last six months towards debt recovery, said one of them.According to an IL&FS internal assessment, at least nine major banks made the deductions between October 2018 and April 2019.
And these companies, which didn’t exist when antitrust laws were written, raise challenges for investigators.It’s also unclear that regulators would break up the tech companies, as many people have recently called for.
CreditCreditJustin Kaneps for The New York TimesSAN FRANCISCO — A threat of government regulation is casting a shadow over the tech industry.In all capital letters, on a black background, the sign reads: “Break Up Big Tech.
MUMBAI: Anil Ambani has found a buyer for Reliance Broadcast Network (RBN), which operates the Big FM radio channels, with Jagran Prakashan set to purchase the company valuing it at close to Rs 1,200 crore, people with direct knowledge of the matter said.Recently, Reliance Capital, the investment arm of his Reliance Group, signed an agreement with Nippon Life to sell its stake in Reliance Mutual Fund for around Rs 6,000 crore.
KOLKATA: Samsung and LG, India’s two biggest television set makers, are cutting prices to counter online-exclusive and Chinese brands.The development brings to mind a similar battle in the smartphone segment when Chinese brands forced Samsung to drop prices.
ImageSaudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia.At Saudi Aramco, activities like drilling wells, pumping oil to the surface, and loading the fuel on tankers can all be monitored and managed remotely.
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