The interim budget has proposed a one-year extension of the timeline for startups, sovereign funds and certain businesses in Gujarat International Finance Tec-City (GIFT-City) to claim tax breaks. However, a similar extension has not been given to new manufacturing companies. “Certain tax benefits to startups and investments made by sovereign wealth or pension funds as … Read more
Developer Michael Reschke, who is turning the iconic Thompson Center into Google’s new office together with Quintin Primo, said his firm is in talks to buy several office buildings in the Windy City. The real estate duo has also put forward proposals to re-purpose five buildings in LaSalle Street, once known as the Wall Street … Read more
I recently came to know about the option to pay insurance premiums with a credit card. Are there any additional charges associated with using a credit card for such payments? —Name withheld on request The process to pay insurance premiums through credit card is very similar to the other digital payment processes. The customer can … Read more
During Apple’s annual shareholder meeting on Wednesday, CEO Tim Cook announced the company’s plans to provide more details about its utilization of generative artificial intelligence later this year. Cook emphasized Apple’s significant investment in this area, highlighting the breakthrough potential for generative AI in enhancing productivity and problem-solving capabilities for users. While Apple has been … Read more
One could read as a metaphor the finance minister’s reference to Rameshbabu Praggnanandhaa’s well-fought battle with Magnus Carlson in her budget speech on Thursday. Ahead of the 2024 general election, finance minister (FM) Nirmala Sitharaman chose to place long-term welfarism over short-term populism, and in the process, delink the budget from the ballot. This strategy … Read more
GPT Healthcare share price is listed on BSE and NSE at around 16 percent premium against the issue price of ₹177 to ₹186 apiece. On BSE, GPT Healthcare share price opened at ₹216.15 per share level and went on touch an intraday high of ₹219.70 apiece. On NSE, GPT Healthcare share price was listed at … Read more
I have three sons, all of whom are married and have children. My eldest son and his family, who have been residing in the US, are now returning to India. The relations between all my family members are cordial. I now want to divide my estate (primarily my investments in listed stocks, mutual funds and … Read more
Srinivas believes Google will begin losing significant high-value traffic, and Google’s size and shareholder expectations will hamper its ability to innovate efficiently in the realm of search engine technology. With over 1 million users in India, accounting for 10% of its global user base, Perplexity is also planning to open an office in India soon, … Read more
The ₹1 trillion innovation fund announced by finance minister Nirmala Sitharaman in the interim budget on Thursday is expected to give a big boost to local technology development and manufacturing, and help India move beyond providing high-tech services towards development of products, experts said. In her interim budget speech on Thursday, Sitharaman said the fund … Read more
Mumbai: Industry body Association of Mutual Funds in India (Amfi) has asked mutual funds to put in place safeguards to protect the interests of all investors in mid- and small-cap funds. Amfi sent this letter after markets regulator Securities and Exchange Board of India (Sebi) raised concerns of “froth building up in small and midcap … Read more