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TAX RECOVERY FROM SUPPLIERS
UK to regulate cloud service providers Microsoft, Google and others to protect financial stabilityThe UK government has identified Microsoft, Google, Amazon, and Oracle as essential cloud providers, implying new regulatory measures for t...- Apple sues OpenAI, two former employees for trade secrets theftApple has sued OpenAI and two former employees alleging trade secret theft. The lawsuit claims confidential information was used to acceler...
- GST law panel clears proposal to shield buyers' input tax credit from supplier defaultsA GST Council proposal will protect buyers from losing input tax credit. This protection applies if suppliers fail to deposit taxes with th...
- Govt mandates TReDS for CPSE-MSME payments to tackle delayed duesCentral Public Sector Enterprises must now use TReDS for MSME supplier transactions. This move aims to resolve delayed payment issues for s...
- China takes a page from SpaceX and recaptures the first stage of a rocket to reuse itChina successfully recovered its first rocket stage on Friday. This marks a significant advancement for the nation's space program. Other c...
- Govt orders action against NCERT officials in paper procurement caseBafna Global Venture Private Limited moved the Delhi High Court on June 24 citing the blacklisting order by NCERT issued on June 22 barring...
- Honda to launch 2-3 premium motorcycles, new electric scooters in India this yearHonda Motorcycle & Scooter India plans to launch new premium motorcycles this year. The company will also introduce new electric scooter mo...
- NGT directs recovery of Rs 2.65 crore from BHU over illegal felling of 33 treesThe National Green Tribunal ordered the Uttar Pradesh Pollution Control Board to recover compensation. This directive concerns the illegal ...
- Syria welcomes US announcement of removal from blacklistSyria's removal from a US terrorism blacklist opens economic recovery doors. This significant move ends a nearly five-decade designation th...
- Apple supplier Luxshare drops 4% in Hong Kong debutShares in Chinese electronics manufacturer Luxshare dropped by more than four percent in its Hong Kong debut on Thursday, after raising aro...
- Govt extends duty relief for electronics, lithium-ion battery manufacturing till 2029Customs duty concessions on electronics manufacturing parts are extended until March 2029. This move supports investments in battery cell m...
- CBDT exempts NCCL settlement fund from taxThe Central Board of Direct Taxes has granted income-tax exemption to NCCL's Core Settlement Guarantee Fund. This tax benefit will continue...
- Consumers adjust to a supply squeezeConsumers are increasing borrowing to afford rising prices on electronics and gadgets. Easy digital credit fuels this demand, but household...
- Income tax slabs for Tax Year 2026-2027, FY 2025-26 (AY 2026-27) under the new tax regimeThe new Income Tax Act, 2025, takes effect from April 1, 2026, maintaining current tax slab rates. Highest tax rate remains 30% for incomes...
- Psychology explains why people seek closure after breakups and why moving on often feels so difficultBreakups cause mental discomfort as the brain dislikes uncertainty and unresolved endings. Recalling breakups activates brain regions assoc...
- Micron, Intel shares crash up to 8% as Samsung fails to calm concerns over AIGlobal semiconductor stocks fell sharply as Micron and Intel dropped up to 8%, tracking weakness in Asian peers despite strong Samsung earn...
- CBDT clarification: All approvals like Nil or lower TDS certificate and existing tax benefits will continue under Income Tax Act, 2025; Here’s what it means for youExisting tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be...
- India's fuel consumption drops 3.7% in June from previous monthIndia's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant yea...
- Tata Motors PV shares in focus as Iran-US conflict impacts JLR volumes in Q1. What's ahead?Tata Motors' luxury arm, Jaguar Land Rover, saw a significant 15.3% drop in retail sales for Q1 FY27. Disruptions from the Middle East conf...
- Jaguar Land Rover sales fall 15% amid supply crunch, Middle East unrestJaguar Land Rover's first-quarter sales dipped 15.3% due to supply issues and weaker demand. A supplier fire and disruptions from the Middl...
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