Major Relief For Homeowners As Centre Modifies LTCG
In Budget 2024, Nirmala Sitharaman announced some major changes in the taxation policy for homeowners, which received significant backlash from the real estate sector; because of this, the government revamped the finance bill and announced major relief for them. Earlier, the budget introduced a taxation regime that removed indexation benefits from the property and also…
Vipin
Manufacturers May Flee To India Amidst Dhaka Crisis
Bangladesh, once considered one of the fastest-growing economies in the world, is now engulfed in political tensions. Nearly 100 are dead, and thousands are injured in the ongoing political riots. Sheikh Hasina, who has been ruling Bangladesh since 2009, has resigned from her prime ministerial position and fled from the nation. The army chief of…
Shipra Prajapati
Adani To Retire At 70: Who Will Be The Next Chairman?
Gautam Adani, Indian business Tycoon and Asia’s second-richest person, has decided to step down from his position in early 2030 and transfer his control to his sons and nephews. The 62-year-old multi-billionaire will retire at the age of 70 and has emphasized the importance of succession in an interview with Bloomberg News. According to the…
Abdullah Ansari
Infosys Among Other IT Firms Targeted for Tax Evasion
Recently, the Karnataka government slapped India’s second-largest IT company with a GST tax evasion notice for more than INR 32,000 crores. Infosys, a Bengaluru-headquartered IT giant, reported that they received the pre-show cause notice for the period of July 2017 to March 2022 regarding the expenses incurred by overseas branch offices of Infosys Limited. Further,…
NPCI disconnects 300 small Banks from retail payments
In a recent turn of events, India witnessed another ransomware attack on July 31, 2024. According to the NPCI (National Payments Corporation of India), C-Edge Technologies Ltd., a tech service provider to RRBs (Regional Rural Banks), was possibly hit by a ransomware attack. The regulator mentioned that only cooperative and small banks were affected by…
Bhumika
RBI Report Highlights Major Digital Economy Concerns
Recently, the RBI released its Report on Currency and Finance (RCF), which highlights some of the major concerns in the Indian banking and financial sector. The report mentions that the financial sector in India has undergone some major changes in the last decade due to the mass adoption of technological advancements. This shift has negatively…
Himanshu
Blackstone and Haldiram’s Jaw-Dropping Agreement
American private equity firm Blackstone, Abu Dhabi Investment Authority (ADIA), and Singapore’s GIC plan to invest INR 40,000 crore in the iconic Indian brand Haldiram. However, this is not the first time this consortium has bid to acquire a majority stake in the company. On May 15 2024, it was rumoured Blackstone led a consortium…
Chandan Kumar
Ultratech To Invest INR 3,900+ Crores In India Cement
In recent events, India’s largest cement builder, Ultratech, has set a deal with India Cement to buy the shares of its promoters and their associates for INR 3,954 crore. In the deal, Ultratech will buy out a 32.72% stake in India Cements which will add to their initial holding of 22.77%. Further, the company also…
Google Maps Introduces 6 New Features For India Users
Google recently announced major updates to its navigation software, Google Maps, for Indian users. According to Google, this new update will include six new features that will use artificial intelligence and local partnerships to improve navigation capabilities and user experience. This update will be rolled out for the users this week. Major Updates Released By…
ABHYUDAYA MITTAL
Meta’s Game-Changing AI Enhancements – See Them Here!
Meta has significantly upgraded its AI chatbot and expanded its capabilities in the creative editing segment. This new update adds multiple language support to the chatbot, enabling it to respond in Devanagari and Roman script Hindi. It also adds creative features, such as “Imagine me.” As per Meta’s newsroom, the chatbot is available in 22…
