Government to move new income tax bill in Budget session
NEW DELHI: Finance minister Nirmala Sitharaman is set to introduce a bill for a new direct tax law in the budget session, which will focus on simplification of the provisions, doing away with the ones that are redundant and attempt to make the language more layman friendly.The committee tasked with
As the Los Angeles Wildfires Continue, Restaurants Rise Up
A few weeks ago, I had dinner at LaSorted’s in Chinatown, eating pizza and drinking wine with my husband while our toddler gnawed at a crust and threw a few salad leaves onto the floor. When I walked in this past Wednesday — as thousands of acres of Los Angeles
World Economic Forum: Davos Braces for Political Drama as the World Warms
And Mr. Trump, too, will be unavoidable in Davos, even if he is not there in person. (He is expected to give a speech in a virtual appearance on Thursday.) Yet the implications for a second Trump administration on the climate are more straightforward. Mr. Trump has called for a
Govt okays Rs 11.4k cr revival plan for debt-ridden RINL
NEW DELHI: The Union Cabinet has approved a Rs 11,440 crore revival plan for debt-laden Rashtriya Ispat Nigam (RINL), according to a statement released on Friday.The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revival plan for RINL for Rs 11,440 crore, it
TikTok to ‘Go Dark’ on Sunday for Its 170 Million American Users
TikTok said late Friday that its service would “go dark” for its 170 million American users on Sunday in the face of a federal ban over fears that its Chinese ownership poses a threat to the United States’ national security. The company said in a statement posted to its website
Zomato pumps Rs 500cr into arm Blinkit
BENGALURU: Gurugram-based food delivery startup Zomato has pumped in Rs 500 crore into its quick commerce business Blinkit, bringing the total investment to Rs 2,800 crore since it acquired the company in 2022. The latest infusion comes on the heels of Zomato raising Rs 8,500 crore through a qualified institutional
Forex intervention gains outweigh costs: RBI study
MUMBAI: The benefits of intervening in the foreign exchange market for emerging market economies like India far outweigh the costs, according to an article published in RBI’s Jan bulletin.The authors highlight that RBI’s interventions, both in the spot and forward markets, have effectively countered the volatility of capital flows. The
How TikTok Evaded a Ban Again and Again, Until Now
In mid-2023, TikTok had just eluded an effort in Congress to ban the video app, the latest Houdini-like escape for the young tech company. For several years, during both Republican and Democratic administrations, lawmakers and officials had trained their sights on the app, saying its Chinese ownership posed a national
TechM’s revenue rises 1% in Dec qtr
BENGALURU: Tech Mahindra’s revenue grew by 1.3% year-on-year in constant currency in the Dec quarter. Its revenue rose by 1.2% sequentially. “We see an improved rate of deal wins in our key verticals and prioritised markets. This, coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter,
Jean Jennings, Who Wrote With Verve About Cars, Dies at 70
The first time Jean Jennings confronted the Mexican federal police, they had just arrested one of her friends for public urination. It was 1983, and she was part of an eight-vehicle road test along the length of Baja California, which she had joined as a writer for Car and Driver