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Amazon clarifies legal fees to minister; Ola Electric lands $200M

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3 years ago

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Amazon clarifies legal fees to minister; Ola Electric lands 0M

It was reported last week that it paid Rs 8,546 crore in legal fees in India in the 2019-20 fiscal year-part of which was used to bribe government officials-and Amazon wrote in a letter to Piyush Goyal that it only paid Cost 52 crore rupees. Attorney fees for the year. It stated that the reported figures appeared to be due to misunderstandings. Amazon has written to Piyush Goyal, Minister of Commerce and Industry, claiming that its legal fees in India for fiscal year 2020 are 520 million rupees instead of 8,546 crore as reported. Quick follow-up: Last week, the news portal The Morning Context reported that after a whistleblower claimed to have paid part of the fees to New Delhi-based Vikas Chopra, Amazon initiated an internal In the investigation, Vikas Chopra represented the company as an external legal counsel and was used to bribe government officials. Amazon’s response: In its letter to Goyal on September 28, the company stated that these reports are inaccurate and “seems to be derived from a misunderstanding of certain documents,” especially the “legal and professional fees” item, which includes a large number of non-legal spend. The letter stated that these reports “wrongly implied” that an entity called Amazon India Ltd was a subsidiary of Amazon and incorrectly attributed its legal fees to Amazon. Quoting: “Last week, some media began to report that Amazon’s business in India spent a total of Rs. 845.6 billion in’legal fees’ between 2019 and 2020. When these requests were made, the article cited the’public documents’ submitted by Amazon. … Several of the articles falsely suggested that an entity named “Amazon India Ltd.” was a subsidiary of Amazon and attributed its legal costs to Amazon,” the letter reads. Amazon has attached a list of shareholders of Amazon India Ltd. to its letter, which can be made public to the Department of Corporate Affairs. According to this list, two real estate companies-Parsvnath Developers Limited and Aadharshila Contractors Private Limited-own Amazon India Limited.

News Source : The Economic Times

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Hollywood

Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Published

2 weeks ago

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October 22, 2024

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Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.

Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)

Tom signs Nolan’s next

This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.

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Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).

Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.

Tom’s busy schedule

Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.

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As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.

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