Tag: Million

  • Italy Seizes €779 Million from Airbnb in Tax Dispute

    Airbnb Accused of Withholding Taxes Italy’s Finance Police has initiated a significant move against Airbnb Inc., seizing approximately €779 million ($835 million) from the home-sharing giant. The action comes after allegations that Airbnb failed to pay withholding taxes, amounting to 21%, on around €3.7 billion in rental revenue. This development was disclosed in a statement…

  • Byju’s in talks to sell US unit Epic for $400 million to Joffre

    The US-based children’s digital reading platform Epic! Creations, owned by the Indian education technology firm Byju’s, is reportedly in advanced talks to be sold for about $400 million. Byju’s hopes to use this calculated action to give itself the financial cushion it needs to deal with its current financial issues, which include a controversial $1.2…

  • Skyroot Aerospace secures $27.5 million funding to Fuel Space Tech Advancements

    Get ready for an exciting voyage into the universe of creativity, aspiration, and pioneering spirit as we explore the fascinating tale of Skyroot Aerospace. With their most recent fundraising success, this Hyderabad-based startup—which was formed in 2018 by the dynamic pair of Pawan Kumar Chandana and Naga Bharath Daka, former space scientists turned entrepreneurs—has reached…

  • BP-Tesla in a $100 million purchase agreement

    BP, one of the world’s largest oil and gas companies, is making a major investment in Tesla Superchargers, with a $100 million purchase agreement. This marks a significant shift for BP, which has previously relied on its own proprietary charging network. However, the company is now recognizing the need to embrace Tesla’s Supercharger network, which…

  • Tesla Dominates European EV Market with 1 Million Vehicle Milestone

    In a significant milestone, Tesla has now successfully delivered one million vehicles to customers across the European continent, marking a historic achievement in the electric vehicle (EV) market. This momentous event comes 14 years after the pioneering company handed over the keys to the first original Tesla Roadster to a European customer.   Tesla Europe…

  • Taj Hotels suffers data breach, exposes information of 1.5 million customers

    A recent data breach incident involving the prestigious Taj Hotels chain has shocked the industry in the always changing field of cybersecurity. The hack, which was carried out by an organization known as “Dnacookies,” may have affected over 1.5 million consumers. As a result, worries over data security, customer privacy, and the general status of…

  • Zepto secures additional $31 million in extended funding round

    Quick-commerce unicorn Zepto has successfully secured an additional $31 million in an extended funding round, according to regulatory filings. This fresh influx of capital comes as an extension of the $200 million funding round that the Mumbai-based company received in August. Zepto’s latest funding brings its total investments to nearly $600 million, maintaining its valuation…