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On August 1, 2024, Intel announced a major restructuring plan, revealing that it will cut over 15 percent of its workforce in a bid to streamline operations and cut costs. The move comes as the US-based semiconductor giant grapples with significant financial challenges, including a reported loss of $1.6 billion for the recently concluded quarter. This aggressive cost-cutting initiative aims to ...
The Uttar Pradesh government has formally signed an agreement with Dorna Sports, the commercial rights holders of MotoGP, to host MotoGP Bharat at the Buddha International Circuit from 2025 to 2027. This partnership marks a significant development for the sport in India, with the prestigious event set to return to the country after a hiatus in 2024.
Union Minister Piyush Goyal clarified on July 30, 2024, that India is not reconsidering its stance on foreign direct investment (FDI) from China, despite suggestions from the recent Economic Survey. Goyal emphasized that the Survey, presented before the Union Budget 2024-25, is merely a report of ideas and not a directive for policy change. He assured that there is no current plan to encourage ...
Around 60 million income tax returns have been filed for the 2023-24 fiscal year, with 70% of these returns opting for the new simplified tax regime
India’s whiskey scene has risen to prominence, offering spirits that rival and even surpass their international counterparts in both quality and flavor. Here, we delve into seven exceptional Indian whiskeys that are transforming perceptions and setting new standards in the global whiskey market.
However, shoe makers with an annual income of less than ₹50 crore are not required to follow this rule.
Maruti Suzuki India announced on Monday that it has sold over two lakh Grand Vitara cars in just 23 months, setting a new benchmark in the mid-SUV segment. The leading automaker achieved the milestone of selling one lakh units in a year and added another lakh customers in a record period. Launched in 2022, the […]
The Indian cybersecurity agency CERT-In has issued a warning about phishing attacks targeting users affected by the recent global computer outage. Fraudsters are pretending to be CrowdStrike support staff, offering system recovery tools but instead installing malware. The agency's advisory, released on Saturday, highlights the risk of these attacks tricking users into downloading malware that c...
The Income Tax Department has issued a stern warning to taxpayers regarding the submission of exaggerated or bogus claims while filing their income tax returns (ITRs). This advisory comes as the ITR filing season for the assessment year 2024-25 approaches its deadline on July 31. The department emphasized that making false claims, under-reporting income, or exaggerating deductions is a punishab...
The AP Legislative Assembly session will close on Friday, July 26. The state government, led by CM Chandrababu, recently introduced the repeal of the Land Titling Act and the bill to restore the name of NTR to the Medical University.
The union of Anant Ambani and Radhika Merchant continues to captivate with reports of lavish post-wedding festivities planned at London's prestigious Stoke Park Hotel. Mukesh Ambani, India's wealthiest individual and father of the groom, has reportedly secured exclusive rights to the seven-star hotel until September.
Around Rs. 10,000 crores have been allocated in the Telangana budget for the development of Hyderabad.
Finance Minister Nirmala Sitharaman has reduced customs duty on mobile phones and their components in her Union Budget 2024-25, a move that may bring down prices of imported handsets.
Nilesh Sabe, a young entrepreneur from Akola, Maharashtra, embodies the spirit of resilience and ambition. His journey began with significant sacrifices made by his parents, who mortgaged their two-acre farm to fund his engineering education. This investment in his future has paid off remarkably, as Nilesh has transformed from a job seeker into a successful entrepreneur, now running a company w...
The 2024 Union budget will be the PM Modi-led NDA government's first full budget after the 18th Lok Sabha polls. In fact, Nirmala will create history as she presents the budget for the seventh consecutive time.