As per recent reports, the Enforcement Directorate (ED) has slammed Rs. 2.26 crore penalty on an individual for breaching the Foreign Exchange Management Act (FEMA).
Top sources revealed that the accused has to remit the money within the first half of this year. In 2011, Germany revealed some names of the Indians who had secret accounts in LGT Bank. Also, the I-T department has issued notice to 17 individuals on the list for hiding income.
Negotiations were drawn out between the European Union and India on a free trade agreement long back. It has been revealed in a new report that the Germany has shown support for an early conclusion over the same.
Germany said that the move would fulfill both the countries' interests. It said that the early signing being seen of a focused free trade agreement between the two nations was highly important a step.
On Wednesday, Philipp Roesler, German Minister of Economics and Technology, affirmed that the step could bring an enhancement in Germany's economic cooperation with India.
According to the documents posted to the US National Highway Traffic Safety Administration (NHTSA) website on Saturday, German automaker BMW is issuing a recall of nearly 570,000 cars in the US and Canada, due to a problem with a battery cable connector which can fail and cause the stalling of the engines.
As per the NHTSA document, the recall will affect BMW's 3-Series sedans, wagons, convertibles and coupes from the model years 2007 to 2011; as well as the 2008-2012 model year 1-Series coupes and convertibles; and the Z4 sports cars from model years 2009 through 2011.
GEMA, the German association that levies & collects royalties on recorded media, scored a major court victory over Google’s video-sharing service YouTube on Friday.
A court in Hamburg ordered agreed that Google was not straightforwardly accountable for the uploaded material. But he stressed that the Internet giant needed to take more steps to stop violations of copyright laws.
Judge Heiner Steeneck asked Google to put in filters on its YouTube in Germany to spot and prevent the users of the service from accessing abd downloading the copyrighted material.
Apple won an important victory in its ongoing patent war with handset maker Motorola Mobility as a Germany court suspended the enforcement of a ruling that might allow Motorola to bar the Cupertino firm from using its "standard-essential patents" in Germany.
The Karlsruhe Higher Regional Court suspended the enforcement of a ruling by the Mannheim Regional Court, and prevented Motorola from further enforcement of its standard-essential patent injunction the iPhone/iPad-maker.
Rinspeed, Swiss automotive company widely famous for outlandish concept cars, has unveiled its latest creation, the Dock+Go system, which can be plugged into Smart Fortwo ED to add room of a full size vehicle.
The backpack for your tiny electric vehicle is actually a creation of Swiss automotive visionary Frank M. Rinderknecht, who described his latest creation as an on-demand third axle.
The Dock+Go promises to provide additional trunk space, a hot box for pizza delivery or even additional speakers and infotainment options.
Detailing across-the-board changes to European Union (EU) data laws at a conference in Munich, Justice Commissioner Viviane Reding said that an EU proposal for making the region’s data-protection rules simple yet tougher will necessitate the disclosure of data breaches by companies within 24 hours of their occurrences.
With EU’s outlining of a revamp of its 17-year-old data-protection laws on the cards this week, Reding said that it is being hoped that the bill will emerge as “a trademark people recognize and trust worldwide.”
A ray of hope has been aroused in the trade market due to Greece, and the market was seen flowing in profits with all credit going to Germany which paid 769 million Euros in form of bond coupons. With this it has been considered that it would also be able to pay all its debt and would not let economy to dip in recession.
Prism Informatics, a software firm has locked a deal with the owners and promoters of Germany-based GOD Barcode Marketing (GODBM) for an undisclosed amount. It has been said that financial figures will remain undisclosed.
Prism Informatics will acquire 100% stake in GODBM in order to strengthen the company’s presence in the supply chain and logistics domains.
It’s being three decades from now that the German company is involved in providing technology and services solutions, logistics and supply chain domains remain its centre of attention.
The world's leading German auto major, Volkswagen has been planning aggressive moves in the domestic circuit for the many months now after it launched the compact Polo in the Indian market.
In fact, the company has recently said that it will be launching the all new, next-generation version of its mid-size saloon, the Jetta for the Indian market by March 2011.