Business
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Centre to clarify taxation on online gaming, proposes removal of minimum TDS
New Delhi: In good news for online gamers, the government on Wednesday proposed to remove the minimum threshold for TDS and clarify taxability relating to online gaming. Currently, 18 per cent tax…
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Meta working on new version of its halted smartwatch
San Francisco: Meta is reportedly working on a new version of its previously cancelled smartwatch. The information was shared by the tipster Kuba Wojciechowski on Tuesday, who claimed that the new version…
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Tesla reveals loss of $204 mn from Bitcoin investments in 2022
San Francisco: Elon Musk-owned Tesla has revealed that the company recorded a $204 million impairment loss in 2022 on its Bitcoin investments. In a filing with the US Securities and Exchange Commission…
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Department of Space to get Rs 12,543.91 crore for FY24
New Delhi: The government has proposed an allocation of Rs 12,543.91 crore to the Department of Space for year 2023-24. The allocation is for the Department of Space and other organizations under…
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Amazon job cuts hit staffers in grocery, robotics, payments, AWS divisions
San Francisco: Amazon announced job cuts of around 18,000 employees last month, and those who lost their jobs were from various divisions of the company, including AWS, healthcare, payments, real estate, and…
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Union Cabinet meeting begins ahead of Budget presentation
New Delhi: The Union Cabinet meeting chaired by Prime Minister Narendra Modi began here on Wednesday. The meeting comes ahead of the Budget 2023-24 which will be tabled by Finance Minister Nirmala…
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Telangana logged highest inflation in FY23: Economic Survey
Hyderabad: Telangana has the highest inflation rate in the country, revealed the Economic Survey 2022-23 tabled in the Parliament on Tuesday by Finance Minister Nirmala Sitharaman. According to the report, Telangana has…
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MGNREGS work demand back to pre-pandemic level: Economic Survey
New Delhi: The work demand under the MGNREGS hovered around the pre-pandemic level between July to November 2022, the Economic Survey released on Tuesday said, attributing it to the “normalisation of the…
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Adani Enterprises FPO fully subscribed, 4.62 crore shares sought
New Delhi: The Rs 20,000 crore share sale of Adani group’s flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data. As many as…
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Economic Survey: India’s 2023-24 GDP growth in real terms projected at 6.5 pc
New Delhi: The Union Finance Minister, Nirmala Sitharaman on Tuesday tabled the Economic Survey for the Financial Year 2022-23, after the President’s address, on the first day of the Union Budget Session…
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US NSF signs $50 mn pact with Ericsson, IBM, Intel, Samsung for chip design
San Francisco: The US National Science Foundation (NSF) has announced that it has signed a $50 million pact with Ericsson, IBM, Intel and Samsung to support the design of the next-generation semiconductors.…
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Why Apple’s Tim Cook has not cut workforce amid mass layoffs
San Francisco: As every Big Tech company has announced job cuts running into thousands, Apple is yet to do so and may not plan to terminate employees as it never hired at…
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Adani’s net worth dips, falls off world’s top 10 billionaire list
Amid war of words between Adani Group and Hindenburg Research, India’s richest person Gautam Adani lost a spot on the world’s top ten billionaire list as his net worth dipped further on…
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Online marketplace OLX Group to slash over 1,500 jobs globally
New Delhi: Joining the mass layoff season, online marketplace OLX Group is slashing 15 per cent of its workforce, or more than 1,500 employees, globally including in India as part of restructuring…
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Economic Survey for 2022-23 to be presented later today; Its importance and history
Delhi: The wait for the annual national Budget is almost over as the Union government is set to table the Economic Survey on Tuesday. Union finance minister Nirmala Sitharaman will table the…
