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.

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

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

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.

Citing legal filings, the report revealed that the auto major’s unit, Skoda Auto Volkswagen India told the Mumbai HC that the tax conflict puts its investments worth $1.5 billion in India at risk.

Volkswagen has slapped the Indian authorities with a lawsuit over a staggering $1.4 billion tax demand.

Some air shipments of car components by Volkswagen India were briefly held up by custom authorities in Mumbai due to a $1.4 billion tax demand, leading to delays in spare part supplies at dealerships,

Volkswagen has sued Indian authorities to quash a tax demand of $1.4 billion.According to a media report, Skoda Auto Volkswagen India told the Bombay High Court that the tax demand is not only contradictory