Loan Waiver Not a Benefit, Banks Exempt From 10% TDS on OTS: CBDT Clarifies
The Central Board of Direct Taxes (CBDT) has clarified in a circular that banks are not required to deduct 10% TDS on a one-time settlement
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Linux to Launch Foundation to Support Digital Wallet Growth
As reported by Cointelegraph, the Linux Foundation has announced its intention to establish the OpenWallet Foundation. This global non-profit organisation promotes innovation within the blockchain
Deep Tech Startup Awiros Raises $7 Million from Inflexor, Exfinity
Deep tech start-up company Awiros has upraised $7 million in Series A funding led by Tech-focused Venture Capital funds Inflexor Ventures and Exfinity Venture Partners.
Russia Spends $300 Million to Secretly Impact World Politics, Says US
Russia has stealthily spent $300 million plus since 2014 trying to impact politicians and other officials exceeding two dozen countries, the State Department alleged. State
SBI Joins Rs 5 Trillion Market Cap Club, Shares Up 26% in 3 Months
Public lender State Bank of India (SBI), whose market capitalisation hit an all-time high of Rs 564.45 on Wednesday, rose 1% in insider trading, hitting
Twitter Shareholders Votes for Elon Musk’s $44 Billion Buyout
On Tuesday, Twitter shareholders accepted a $44 billion buyout by Elon Musk and handled the deal’s outcome to the court battle wherein the billionaire has
Ambuja Cements Jumps 3%, Hits Market High on Weak Fundraising Plan
Shares of Ambuja Cements hit a new high of Rs 503 on the BSE, as the stock rose 3.4% in intraday trade on Wednesday, despite
Sensex Down 550 Points, Nifty Tests 17,900, IT Index Down 3%
US stocks opened lower on Wednesday after the US inflation report for August and weak global signals. The top index, Nifty50, fell more than 150
France Cuts 2023 Growth Outlook to 1%, Deficit Target to be Intact
On Tuesday, the Finance Minister of France Bruno Le Maire said that the French government is lowering the country’s 2023 economic growth outlook. However, he
Food Prices, High Rents Boost US Inflation in August
In August, US consumer prices unexpectedly surged, and underlying inflation increased amid rising costs for rents and healthcare. This development gives the Federal Reserve ammunition