Read more about the article ED Raids Amazon and Flipkart Sellers Nationwide in Money Laundering Probe
Politics / Business / Technology

ED Raids Amazon and Flipkart Sellers Nationwide in Money Laundering Probe

The Enforcement Directorate (ED) has carried out raids across India targeting sellers on Amazon and Flipkart as part of an investigation into suspected money laundering. The focus is on uncovering financial irregularities, including how third-party vendors might be using these platforms to hide illegal funds. This comes as the government increases its oversight of the e-commerce industry in India.

By Avi G
November 8, 2024
Read more about the article Insurance Tax Tweaks, Rate Cuts on Packaged Water and Bicycles Expected from GST Council
Politics / Business

Insurance Tax Tweaks, Rate Cuts on Packaged Water and Bicycles Expected from GST Council

The GST Council is expected to meet soon after the Parliament's winter session to discuss changes in GST rates on insurance products, packaged drinking water, bicycles, notebooks, luxury wristwatches, and shoes. One of the key topics will be adjusting insurance tax rates and reviewing the compensation cess. The proposed changes could bring in ₹22,000 crore in additional revenue by lowering taxes on some goods and increasing them on high-end items.

By Avi G
November 8, 2024
Read more about the article ACME Solar’s ₹2,900 Crore IPO Sees Slow Start as Day 2 Subscription Hits 0.52
Business

ACME Solar’s ₹2,900 Crore IPO Sees Slow Start as Day 2 Subscription Hits 0.52

ACME Solar Holdings' ₹2,900-crore IPO entered its second day with 0.39 times the total subscription. The IPO, priced between ₹275 and ₹289 per share, includes a fresh issue of ₹2,395 crore and an offer-for-sale of ₹505 crore. While retail investors’ portion was subscribed 1.19 times, there was lower demand for the institutional and QIB portions. Before the launch, ACME raised ₹1,300.5 crore from anchor investors.

By Avi G
November 7, 2024
Read more about the article India Emerges as One of Microsoft’s Fastest-Growing Copilot Markets
Business / Science / Technology

India Emerges as One of Microsoft’s Fastest-Growing Copilot Markets

India is one of the fastest-growing markets for Microsoft Copilot, with one of the strongest research and development teams in the world. Microsoft points to the country’s diverse workforce, including engineers, social scientists, and creatives, who are helping shape Copilot’s development. The launch of Copilot and Copilot Daily aims to change the way humans interact with computers, with Microsoft stressing AI’s role in boosting productivity across industries.

By Avi G
November 7, 2024
Read more about the article Will BSNL’s Satellite-Enabled Calling Service Be A Threat To Jio and Airtel?
Business / Science / Technology

Will BSNL’s Satellite-Enabled Calling Service Be A Threat To Jio and Airtel?

BSNL has started a trial service that lets users make calls without a SIM card or mobile network. This is made possible by a technology called Direct-to-Device (D2D), which uses satellites 36,000 km above the Earth. The service is expected to be especially useful during emergencies and natural disasters, offering satellite connectivity as an alternative when regular mobile networks are down.

By Avi G
November 7, 2024
Read more about the article Ex-Infosys CFO on Excessive Hindi Use For Official Communication : ‘It’s Wrong to Force One Language’
Politics / Business

Ex-Infosys CFO on Excessive Hindi Use For Official Communication : ‘It’s Wrong to Force One Language’

TV Mohandas Pai has criticized the Centre’s increasing use of Hindi for official communication with non-Hindi speaking states, especially in the south. He called it "wrong and worrisome" and opposed the imposition of any language. Pai emphasized that citizens should be able to respond in their native languages or English, not only in Hindi. Kerala MP John Brittas also protested the use of Hindi in government correspondence, calling it a deliberate policy shift.

By Avi G
November 7, 2024
Read more about the article Insider.in Founder Shreyas Srinivasan Steps Down from Paytm
Business / Entertainment / Technology

Insider.in Founder Shreyas Srinivasan Steps Down from Paytm

Shreyas Srinivasan, Paytm's Chief Product Officer and head of consumer products, has left the company after Zomato acquired Insider.in. Srinivasan, who founded Insider.in, said the deal came at a perfect time for him to take a break and explore new interests. The acquisition, valued at INR 2,000 Cr, has helped Zomato grow its going-out business.

By Avi G
November 7, 2024
Read more about the article Freshworks Cuts 660 Jobs in Global Restructuring to Boost AI and Customer Experience
Business / Science / Technology

Freshworks Cuts 660 Jobs in Global Restructuring to Boost AI and Customer Experience

Freshworks is laying off 660 employees, about 13% of its workforce, as part of a global restructuring aimed at improving efficiency and aligning with key business goals. The changes, which should be completed by December 2024, will cost the company between $11 million and $13 million. The company plans to focus on Employee Experience (EX), AI, and Customer Experience (CX), offering severance and career support to affected employees.

By Avi G
November 7, 2024

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