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Showing posts from July 21, 2023

Oppo, Vivo, Xiaomi Found Evading Tax Worth Rs. 9,000 Crore; Rs. 1,630 Crore Recovered So Far: MoS IT

Chinese smartphone makers, including Oppo Mobile , Vivo India and Xiaomi Technology , have been found evading taxes worth Rs. 9,000 crore in India, Parliament was informed on Friday.  Data shared by the Minister of State for Electronics and IT Rajeev Chandrasekhar in Rajya Sabha showed tax evasion of around Rs. 9,000 crore, comprising customs duty and GST, has been detected between 2018-19 and 2022-23. The government has recovered Rs. 1,629.87 crore from the companies during the period. According to the data, Oppo Mobile India has been found evading Rs. 5,086 crore in taxes which includes Rs. 4,403 crore in customs duty and Rs. 683 crore in the form of GST. Vivo has evaded taxes worth Rs. 2,923.25 crore comprising Rs. 2,875 crore in customs duty and Rs. 48.25 crore in GST, according to the written reply by Chandrasekhar. Tax evasion of Rs. 851.14 crore has been detected in the case of Xiaomi Technology India comprising Rs. 682.51 crore in customs duty and Rs. 168.63 crore in GST.

Toyota Plans to Use Regenerative Fuel Cell Technology for Manned Lunar Rover

Toyota Motor plans to use regenerative fuel cell technology to power a manned lunar rover , executives said on Friday, raising the prospect of eventually using the moon 's water ice as an energy source in the future. Japan has stepped up its space ambitions under Prime Minister Fumio Kishida. It is participating in NASA 's Artemis programme and plans to have an astronaut at a lunar space station called Gateway as part of that in the latter half of the 2020's.  Toyota has teamed up with Japan's space agency since 2019 to develop the manned lunar rover — which it dubbed the Lunar Cruiser — that they hope can be put on the moon in 2029. "In order to conduct long-term and stable research on the surface of the moon, we are aiming to source various items on site over a long period," said Ken Yamashita, head of lunar exploration projects at Toyota. NASA expects Japan to provide a lunar rover with a 2029 target launch date as a contribution to the Artemis prog

FTX Sues Founder Sam Bankman-Fried, Seeks to Recoup Over $1 Billion

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion (nearly Rs. 8,200 crore) they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as defendants Caroline Ellison, who led Bankman-Fried's Alameda Research hedge fund; former FTX technology chief Zixiao "Gary" Wang; and former FTX engineering director Nishad Singh. FTX said the defendants continually misappropriated funds to finance luxury condominiums, political contributions, speculative investments, and other "pet projects," while committing "one of the largest financial frauds in history." The alleged fraudulent transfers occurred between February 2020 and November 2022 when FTX filed for Chapter 11 protection, and can be undone--or "avoided"--under the US bankruptcy code or Delaware law, FTX said. A spokesman for Bankman-F

Motorola Razr 40 Ultra Review: A True Game-Changer

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Change can be good or bad, and while Motorola as a company has seen its fair share of change, the Razr series of phones which was first released in 2004, has also evolved quite a bit. Fans of the original RAZR V3, which mainly includes millennials (including myself), might find the not-so “edgy” design of the latest Razr 40 Ultra iconic, it still is a very important step in the evolution of the foldable smartphone. I've been using Motorola's top-end and most premium smartphone in India for about two weeks and here's why I think it is a game changer. Motorola Razr 40 Ultra price in India The Motorola Razr 40 Ultra is priced at Rs 89,999 in India and it comes with 8GB of RAM and 256GB of internal storage. The phone is available in two finishes – Viva Magenta and Infinite Black. I received the Infinite Black unit for review. In the box, Motorola offers a 33W charger, transparent TPU hard case and a Type-A to Type-C USB cable for charging. Motorola Razr 40 Ultra design Th

OpenAI's Head of Trust and Safety Resigns Amid Growing Job Pressure Over Family Life

OpenAI's head of trust and safety Dave Willner is leaving the company, he said in a LinkedIn post on Friday, citing the pressures of the job on his family life and saying he would be available for advisory work. OpenAI did not immediately respond to questions about Willner's exit. Trust and safety departments have taken on a high-profile role in technology companies such as OpenAI, Twitter , Alphabet and Meta as they seek to limit the spread of hate speech, misinformation and other harmful content on their platforms. At the same time, fears AI will run out of control have risen. Willner took over his role at OpenAI in February last year, after working at Airbnb and Facebook. He attributed his decision to quit to growing demands from his job affecting his family life. "Anyone with young children and a super intense job can relate to that tension, I think, and these past few months have really crystallised for me that I was going to have to prioritise one or the oth

Tesla CEO Elon Musk Optimistic on Fully Autonomous Self-Driving Technology, Humanoid Robots in Factories

Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he's been optimistic before. The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology, Musk added. The value of Tesla vehicles would rise in perhaps "the single biggest step change in history" once regulators approved self-driving, he said at an earnings briefing. Musk has also said that Tesla robots, in the pilot phase, could become a huge product. He said they could help out on Tesla's factory floors as soon as next year, although only about 10 have been built to date. Rising interest rates and competition from new EV makers have forced Tesla to cut vehicle prices to gain market share, hurting margins. But Musk said Tesla will keep pushing to expand sales volume at the cost of profit margins, betting on the long-ter