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Business

New Income Tax Bill Set for Introduction in Parliament This Tuesday: What to Expect

Finance Minister Nirmala Sitharaman is set to introduce a new income tax bill in Parliament aimed at simplifying tax laws. The bill, approved by the Cabinet, will undergo examinati...

Business

Tesla Faces 11.5% Drop in January Deliveries in China Amid Rising Competition

Tesla Inc. saw an 11.5% drop in January deliveries in China, with 63,238 units sold, as per CPCA. Meanwhile, BYD experienced a 47.5% increase in deliveries, totaling 296,446 units,...

Business

Softbank's Groundbreaking $40 Billion Investment in OpenAI Set to Revolutionize AI Industry

SoftBank Corp. is reportedly investing $40 billion in OpenAI, potentially raising its valuation over $300 billion. Part of the investment may fund the Stargate AI project, marking ...

Business

Meta Collaborates with UNESCO to Revolutionize AI Translation for Underserved Languages

Meta Platforms Inc. partners with UNESCO to develop advanced AI for translating underserved languages, seeking global contributions for its Language Technology Partner Program and ...

Business

Tesla Faces a Challenging Start in China with an 11.5% Drop in January Deliveries

Tesla Inc. faced an 11.5% drop in January deliveries in China, with 63,238 units sold. Meanwhile, BYD, Tesla's Chinese rival, saw a 47.5% increase in deliveries but a 41.8% monthly...

Business

Tesla Faces a Sharp Decline in January Deliveries in China, BYD Surges Ahead

Tesla's electric vehicle sales in China fell by 11.5% in January compared to last year, with 63,238 units sold. Meanwhile, BYD delivered 296,446 vehicles, a 47.5% increase from Jan...

Business

RBI Slashes Repo Rate After 5 Years, Promising Lower EMIs for Millions

The Reserve Bank of India has cut the repo rate by 25 basis points, the first reduction in five years, aiming to make loans cheaper and stimulate economic growth. This decision com...

Business

Legal & General Strikes $2.3B Deal to Sell US Protection Unit to Meiji Yasuda Life Insurance

Legal & General Group Plc has agreed to sell its US protection business to Meiji Yasuda Life Insurance for $2.3 billion, with Meiji Yasuda also acquiring a 5% stake in L&G. The dea...