TheNewsClues | Read the latest business economy and financial news in short. Business and financial news aggregator with news summary.
Swipe through the latest business and wealth clues with our android app
Clues by NC Team • 19 Jan 2019, Saturday

Google agreed to acquire smartwatch technology and personnel from Fossil Group Inc. in a bid to boost the search giant’s efforts in the category. The Alphabet Inc. unit will pay $40 million for Fossil intellectual property, according to a statement from the companies. Additionally, an unspecified number of Fossil’s research and development employees will join Google. Fossil said that 200 people will remain with that division.

Read More at The Financial Express
Clues by NC Team • 17 Jan 2019, Thursday

The country’s biggest dairy brand Amul has sent a legal notice to Google India, alleging that the technology giant has “benefited” from fake ads campaigns to scam individuals in the name of Amul.  The Gujarat Cooperative Milk Marketing Federation (GCMMF), that owns Amul, alleged that individuals and organisations with malafide intent have been running a series of fake B2B paid ads on Google search engines using keywords such as Amul franchisee, Amul parlour, and Amul distributor since September 2018. The fake ads promised business opportunities with Amul, only to swindle money ranging from Rs 25,000 to Rs 5 lakh. 

Read More at The Economic Times
Clues by NC Team • 10 Jan 2019, Thursday

An active adware[1] family disguised as game, TV, and remote control simulator apps affected 9 million users on the Google Play store. While hiding itself expertly, the adware displays full-screen advertisements, monitors the device’s screen unlocking action, and runs in the background, as noted in a report by Trend Micro. About 9 million users downloaded those 85 ‘fake’ apps around the world and after Trend Micro reported it, the fake apps were suspended from the Play store by Google.

Read More at The Financial Express
Clues by NC Team • 3 Jan 2019, Thursday

Google in a statement said that like other multinational companies, it pays the vast majority of its corporate income tax in its home country and have paid a global effective tax rate of 26% over the last 10 years. Google resorted to “Double Irish, Dutch Sandwich”[1] tax strategy to avoid US taxes and European withholding taxes on royalty income worth €19.9 billion ($22.7 billion) earned outside the US. It moved the funds through a Dutch shell company to its affiliate based in Bermuda in 2017 to reduce its foreign tax bill, documents filed at the Dutch Chamber of Commerce showed. 

Read More at Livemint
1


Top
©2019 TheNewsClues