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PARENTS LIABLE
OpenAI joins rival Anthropic in race to Wall StreetOpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because ther...
OpenAI files for US IPO after Anthropic as AI giants head to public marketsAI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic's similar filing. Investors ar...
Top cases on the United States Supreme Court's docketThe U.S. Supreme Court is reviewing significant cases. These cases cover voting rights, presidential authority, immigration policies, and g...
Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...
25-year-old earning ₹1L/month asked to take ₹92 lakh loan for parents’ property deal; family expects flat value to soar in 5 years; sparks debt trap concernsA 25-year-old earning ₹1 lakh a month has sparked debate online after revealing how his parents want him to become the primary borrower for...
OpenAI faces lawsuit in California court claiming chatbot gave advice that led to fatal overdoseParents have sued OpenAI and its CEO Sam Altman. They claim their son died from an accidental drug overdose. The lawsuit alleges ChatGPT co...
New Mexico seeks child safety restrictions on Meta apps and algorithms in trial's 2nd phaseNew Mexico prosecutors are demanding significant changes to Meta's social media platforms. This follows a jury verdict finding the company ...
EU to soon roll out age-check app for social media where India could be looking to followEuropean Union is launching an age-verification app to shield children online. India's Karnataka state has banned social media for under-16...
You need more than lifting the corp veilThe National Consumer Disputes Redressal Commission has made a bold move by dissolving the corporate barrier between Ansal Properties and i...
Meta pulls ads aimed at recruiting plaintiffs for social media addiction lawsuitsAt the end of March, a Los Angeles jury found Meta and Alphabet's Google liable for a young woman's depression and suicidal thoughts afte...
Ansal Properties held accountable for subsidiary’s failure to deliver flats in Haryana township by consumer forumThe National Consumer Disputes Redressal Commission has ruled against Ansal Properties and Infra Ltd. The company is held responsible for i...
US Stocks: Meta shares drop 7% on fears US verdicts open door to deluge of lawsuitsMeta Platforms shares tumbled 7% after two verdicts found the social media giant liable for harm to young users. These rulings, totaling hu...
Meta shares slip after US jury verdicts raise concerns of new legal exposureMeta shares fell 6% to a 10-month low on Thursday after rulings this week found the Facebook parent failed to adequately warn or protect yo...
Juries take the lead in the push for child online safetyTwo juries have held social media giants accountable for harming young users. This marks a significant shift, validating a new legal strate...
Both parents liable for child maintenance, not solely the father's responsibility: High CourtThe Uttarakhand High Court has ruled that both parents are responsible for the maintenance of a child, overturning the traditional notion t...
GST directorate seeks tax on corporate guaranteesThe DGGI said the practice is a ‘service’ liable for taxation under GST as this is undertaken by the parent company to maximise the returns...
Are legal heirs liable to pay their parents' loan outstanding amount after their death?Jeetendra Pathak, a LIC agent, had borrowed money from his office. After he father died, his daughter began receiving legal papers asking t...
Tax queries: No GST on sale of unfinished flat to another home buyerDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
Father must maintain son only till he's 18: Gujarat HCGujarat HC ruled that a parent is liable to maintain a son till he attains the age of majority and not till he is able to stand on his legs...
- MNCs to pay tax on stock options of employees here
Indian subsidiaries of multinational companies like Coca-Cola, Adobe and Dell would have to foot the fringe benefit tax (FBT) bill for the ...