The Indian government has introduced the Income Tax Bill 2025, a major overhaul of the country’s tax laws, granting unprecedented investigative powers to tax authorities. While presented as a move to modernize tax compliance, the bill includes provisions that allow tax officers to access digital assets, emails, social media profiles, trading accounts, and cloud storage in cases of suspected tax evasion.Finance Minister Nirmala Sitharaman introduced the bill in Parliament, stating that i

The Securities and Exchange Board of India (SEBI) has introduced a new digital platform named "Mutual Fund Investment Tracing and Retrieval Assistant" (Mitra) to help investors track and reclaim lost, unclaimed, or inactive mutual fund investments. The initiative aims to reduce financial losses due to investor oversight, outdated KYC details, or the demise of the original investor.According to a circular issued by SEBI on February 12, 2025, an inactive folio is defined as a mutual f

A common question among newlyweds and couples planning their future is whether marriage has any effect on their credit score. The simple answer is no—getting married does not directly impact your credit score. Credit bureaus like CIBIL, Experian, and Equifax do not track or record marital status when calculating individual credit scores.However, while marriage itself doesn’t influence credit scores, the financial decisions you make as a couple can have a significant impact. When y

YouTube, the original video-streaming giant, is reportedly preparing a major shift toward subscription-based content, bringing it closer to competitors like Netflix and Amazon Prime Video. According to a recent report by The Information, YouTube is exploring ways to integrate third-party premium content into its platform, expanding its Primetime Channels initiative.This move would enhance YouTube’s existing subscription services, offering a redesigned interface that prioritizes

The initial public offering market has entered a phase of stagnation, with no major IPOs launched in the past three weeks. The last significant IPO was Quality Power, which opened for subscription on February 14, 2025. Since then, the primary market has seen a lull, raising concerns about investor sentiment and market conditions.Despite speculation surrounding Tata Capital’s anticipated $11 billion IPO, which is expected to be one of the largest listings of the year, the overall slowdow

Amazon Web Services, the cloud computing arm of Amazon, is set to invest approximately $8.2 billion in Maharashtra over the next few years, according to the Ministry of Electronics and Information Technology. IT Minister Ashwini Vaishnaw stated that the investment would play a key role in job creation while strengthening India’s cloud computing infrastructure. The investment is expected to be rolled out between 2029 and 2030.AWS is also planning to introduce its own graphics processing

Billionaire investor Warren Buffett has strongly criticized US President Donald Trump's latest tariffs, calling them “an act of war” and warning about their economic impact. In an interview with CBS on Sunday, Buffett argued that tariffs function as a tax on consumers and ultimately drive up prices.“Tariffs are actually—we've had a lot of experience with them—they're an act of war, to some degree,” Buffett said. He added that consumers, not fore

The Indian government is working on refining the Production-Linked Incentive (PLI) scheme to increase local value addition and export-driven growth in key industries. While the scheme has successfully attracted investment across multiple sectors, officials believe that further improvements are needed to address import dependency and enhance India's global manufacturing competitiveness.Since its launch in April 2020, the PLI scheme has been instrumental in drawing substantial investments i

Choosing the right tax regime is an important decision for taxpayers in India. The old and new tax regimes offer different benefits, and individuals must carefully analyze their financial situation before selecting the most suitable option. While salaried employees have the flexibility to switch every year, business professionals have a more restricted choice.The decision between the two regimes depends on factors such as tax-saving investments, exemptions, and deductions. Understanding these

Google co-founder Sergey Brin has advised employees working on the company’s Gemini AI models to follow a 60-hour workweek and attend office daily in a bid to boost productivity and accelerate artificial general intelligence (AGI) development. This move comes as competition in AI innovation intensifies, with industry giants racing to achieve AGI dominance.In an internal memo accessed by The New York Times, Brin outlined his vision for an optimal work schedule, stating that a 60-hour wor

Kentucky Fried Chicken (KFC) is making a major move, shifting its U.S. corporate headquarters from its namesake state to Plano, Texas. The decision, announced by parent company Yum Brands, means that 100 corporate employees will transition to the new Texas office within the next six months. This relocation marks a significant shift for the iconic fast-food brand, which has deep historical ties to Kentucky. The move is part of Yum Brands' broader strateg

As President Donald Trump's second term continues to take shape, small businesses across the country are facing mounting challenges due to shifting economic policies. The administration's new directives, including funding freezes, tariffs, and the rollback of diversity initiatives, have created a climate of uncertainty. While some of these policies have been temporarily halted by the courts, business owners are still contending with rising costs, higher in

  TikTok has made a dramatic return to app stores after its temporary removal from Apple and Google platforms on January 18. The popular social media app was reinstated on February 15, marking a major development in its ongoing battle with the U.S. government over national security concerns. The removal followed a controversial law that required ByteDance, TikTok’s China-based parent company, to divest its U.S. operations or face an outright

Joann, the well-known retailer specializing in fabrics and crafts, is undergoing a major restructuring plan that includes shutting down more than 500 of its nearly 850 U.S. locations. This significant downsizing effort comes amid financial struggles and an increasingly competitive retail environment. The decision is part of Joann's bankruptcy proceedings and is aimed at optimizing its physical presence to ensure long-term viability. Stores in 49 states

JCPenney has recently announced plans to close select store locations by mid-year as part of a targeted response to expiring lease agreements and shifting market conditions. This decision, while affecting only a small portion of its overall network of stores, reflects the company’s broader strategy to adapt to an evolving retail landscape. The closures come at a time when the retail environment is undergoing significant transformation, influenced by c

The social media platform X has agreed to pay 10 million dollars to former President Donald Trump as part of a settlement that brings an end to a legal dispute stemming from the suspension of his account. This resolution marks the conclusion of a contentious legal battle that had its roots in the events following the U.S. Capitol incident. In January 2021, two days after the events at the Capitol, X – formerly known as Twitter – made the decision to su

Why the U.S. Raised Tariffs on Steel and Aluminum According to the U.S. administration, the tariff hike is designed to strengthen the country's industrial base and national security. A statement released by the White House emphasized that excessive steel imports have weakened American manufacturing and put domestic jobs at risk. The policy reinstates full tariffs on steel and raises aluminum

Trump Suspends US Anti-Bribery Law, Potential Relief for Adani Group In a major policy shift, President Donald Trump has signed an executive order suspending prosecutions under the Foreign Corrupt Practices Act (FCPA), a law that penalizes individuals and companies for bribing foreign government officials to secure business deals. While the move a

Valentine’s Day Flowers Arrive in the U.S. as Miami Handles Nearly 1 Billion Stems MIAMI — With Valentine’s Day approaching, anyone forgetting to buy flowers won’t be able to blame a shortage. Leading up to February 14, agricultural specialists at Miami International Airport have processed approximately 940 million stems of cut flowers, according to U.S. Customs and Bor

GameStop and MicroStrategy Shares Rise After Ryan Cohen’s Photo With Michael Saylor Shares of GameStop and MicroStrategy saw an uptick on Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin. GameStop, a favorite among day traders and meme stock enthusiasts, climbed more than 7%, wh