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.

The auto company, an arm of German car maker Volkswagen, has filed the case seeking to quash the 'impossibly enormous' tax claim

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

The recent developments are in light of India's Finance Ministry and Customs officials placing a USD 1.4 Billion (Rs 12k Cr) tax demand on Volkswagen Group's Indian operation under Pvt Ltd. The allegation against Volkswagen was that the company used unlawful practices to cut down on import taxes.

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

Skoda Auto Volkswagen India has challenged a Rs 11,000 crore (USD 1.4 billion) tax notice alleging customs duty fraud related to CKD car imports. The company is seeking legal remedies and maintains compliance with regulations.

MUMBAI: Automobile major Volkswagen has approached Bombay high court to challenge a notice issued by revenue authorities last year for an "impossibly enormous" demand of $1.4 billion.The show cause notice issued in Sept 2024 under the Customs Act pertains to import of automobile parts.

Volkswagen has reportedly sued Indian authorities seeking them to set aside the tax demand of $1.4 billion. The auto major has taken the action to qaush the ‘impossibly enormous’ tax ask, arguing that it stands contradictory to the import taxation rules of India for car parts.