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CASH STRAPPED EDTECH FIRM
Can you sell household items worth more than Rs 2 lakh in cash?Check the tax rulesA woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...- ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
- Physicswallah is ‘class’ apart, says DAM Capital after initiating with Buy rating. 3 reasons whyDAM Capital has initiated coverage on PhysicsWallah with a Buy rating, calling the ed-tech firm ‘a class apart’ and highlighting strong gro...
- India's exporters built a $420 billion services economy. This is the award they deserve.The Payoneer India Cross-Border Excellence Awards 2026 offer Indian exporters the most consequential opportunity to get recognised this yea...
- Paid tax on black money? 7 reasons you can still lose it all
- ED summons Veena Vijayan, CMRL directors for questioningA few other individuals, including directors of CMRL, have been summoned for questioning at its Kochi office on June 12. Statements of Veen...
- Nuvei to value Payoneer at about $2.7 billion including debt in deal, sources sayCanadian payments firm Nuvei is nearing a deal to buy Payoneer Global. The acquisition is valued at approximately $2.7 billion. This move w...
- Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
- SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...
- We still need cash in ATManirbhar BharatDespite the rise of digital payments, cash remains essential, yet ATMs are increasingly running out of money. Banks are reducing their ATM ...
- Global Markets: UK financial regulator softens proposed change to UK money market fund rulesIn May the government said it would impose tougher rules on money market funds, which were hit by heavy redemptions during a COVID-19-ind...
- Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
- SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
- PhysicsWallah revises lending strategy, to partner with NBFCs for student loansIn a filing on June 4, the company said it will now tie up with third-party non-banking financial companies (NBFCs) instead of lending thro...
- Not a minor issue! Andhra CM N Chandrababu Naidu raises Major Laterite Matter with CentreAndhra Pradesh Chief Minister N Chandrababu Naidu has raised concerns over a recent Union government policy change. This change reclassifie...
- CCPA slaps fines on PhysicsWallah, McAfee for 'Dark Pattern' practicesIndia's consumer watchdog has fined edtech firm PhysicsWallah and cybersecurity company McAfee. They were found using deceptive interface d...
- Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
- PhysicsWallah dials down schools push after investor uneasePhysicsWallah is shifting its K-12 expansion strategy to an asset-light, online-led model, moving away from capital-intensive school operat...
- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
- Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...
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