Apple to pay 10 years of back taxes to France

 US tech firms such as Apple have been criticised for the small amounts of tax they pay in EU countries. Photograph: Ryan Anson/AFP/Getty Images Apple has agreed to pay 10 years of back taxes to France, marking the latest victory for European governments pushing tech multinationals to pay their fair share in local markets. The iPhone … Read more

Apple Ordered to Pay $506 Million to University in Patent Dispute

A US judge on Monday ordered Apple Inc to pay $506 million (roughly Rs. 3,261 crores) for infringing on a patent owned by the University of Wisconsin-Madison’s patent licensing arm, more than doubling the damages initially imposed on Apple by a jury. US District Judge William Conley in Madison added $272 million (roughly Rs. 1,753 crores) to a $234 … Read more

Western,Union,admits,to,aiding,wire,fraud,,to,pay,$586,million

A pedestrian passes an advertising board outside a Western Union money transfer store in Athens, Greece. Western Union, the world’s biggest money-transfer company, agreed to pay $586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud, U.S. authorities said on Thursday. Western Union, which has over … Read more

7th pay commission: Punjab University under severe financial crisis

Punjab University has submitted its report to the HRD Ministry to introduce distance courses to bring in more revenue. Punjab University RELATED STORIES Visa issue behind massive fall in number of Indian students in UK IIMC to begin post-graduate course in Urdu journalism VIT surpasses IIS Bangalore and IITs in terms of research paper publication … Read more

Deutsche Bank to pay $60 million to settle US gold price-fixing case

Luke MacGregor | Reuters A man walks past Deutsche Bank offices in London. Deutsche Bank has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the … Read more

Apple Pay officially launched in China

he Cupertino, CA Company successfully launched the mobile payment service just as planned for a February launch as reported back in November. Apple Pay is slowly but surely shaping up the mobile payments industry starting in October 2014 with the launch of the iPhone 6. Apply Pay’s countries of availability include: the USA, United Kingdom, … Read more