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Atishi on Friday demanded Rs 10,000 crore from the Centre for infrastructure development, claiming the city government got nothing in return over the past year despite its income tax contribution of Rs 2 lakh crore. Delhi also provided Rs 25,000 crore as central GST to the pool of taxes, the minister said during a press conference here. Ahead of the presentation of the Centre's annual budget, Atishi batted for release of more money to Delhi, saying it could be spent on infrastructure development in road, transport and power sectors as well as to beautify the city. Asserting that people of Delhi are the highest income tax payers, the minister said, «Delhi should get Rs 10,000 crore from the Rs 2.07 lakh crores that people of the city pay as income tax. This amount of Rs 10,000 crore is just 0.25 per cent of the Central government's budget and only 5 per cent of the income tax of Delhiites.»

Delhi Finance Minister Atishi on Friday demanded Rs 10,000 crore from the Centre for infrastructure development, claiming the city government got nothing in return over the past year despite its income tax contribution of Rs 2 lakh crore. Delhi also provided Rs 25,000 crore as central GST to the pool of taxes, the minister said during a press conference here.

Cristiano Ronaldo knows how to spend his money in the most lavish and headline-friendly ways. Now, Ronaldo is spending heavily on his new Lisbon mansion that is projected to become the costliest residence ever in the whole of Portugal, says a New York Post report.

ChatGPT maker OpenAI said on Thursday it was launching GPT-4o mini, a cost-efficient small AI model, aimed at making its technology more affordable and less energy-intensive, allowing the startup to target a broader pool of customers. Microsoft-backed OpenAI, the market leader in the AI software space, has been working to make it cheaper and faster for developers to build applications based on its model, at a time when deep-pocketed rivals such as Meta and Google rush to grab a bigger share in the market.

Havells India reported a 43% year-on-year rise in net profit to Rs 411 crore in the quarter ending June 2024. The revenue increased by 20% year-on-year to Rs 5,798 crore. The earnings before interest, tax, depreciation, and amortization (EBITDA) grew by 43% year-on-year to Rs 576 crore.

Nazara Technologies on Thursday fell up to 8% to Rs 845.65 on BSE after two of its subsidiaries got show cause notices in relation to Goods and Services Tax (GST) with a total liability of Rs 1,120 crore. The show cause notices were sent by the Director General of GST Intelligence, Kolkata to Openplay Technologies and Halaplay Technologies on Tuesday, July 16 for proposed liability of Rs 845.72 crore and Rs 274.21 crore, respectively, Nazara disclosed in a regulatory filing.

As this week began, Karnataka’s government stirred up a hornet’s nest with its bid to legislate private-sector job reservations. A bill okayed by the state cabinet would have half of all management job roles filled by candidates who have long been residents of the state, as also 75% of non-managerial jobs.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. As India marches closer to the status of a $4 trillion economy and the world’s fourth largest, a crucial question emerges: how do we equip ourselves for the road ahead? For India to wear the crown of a developed nation, we require 10x growth targeting the $40 trillion mark. It is not just growth, but other goals that need to be addressed.

Cooperation among Cooperatives" initiative in two districts on a pilot basis, the Gujarat government has decided to implement it across all 33 districts of the state, officials said on Wednesday. The initiative aims to enhance the cooperation among Gujarat's thousands of cooperative societies by centralising their bank accounts and deposits in various district and state cooperative banks. The initiative was envisioned by Union Cooperation Minister Amit Shah and launched on a pilot basis in Banaskantha and Panchmahal districts of Gujarat, the state government said in a statement.

aerospace major Pratt & Whitney on Wednesday announced the establishment of a new Customer Service Centre (CSS) in Bengaluru. As part of the company's India Capability Centre, the new facility will drive customer service and operations support for Pratt & Whitney Canada's 68,000 engines in service globally, the company said. Co-located with Pratt & Whitney's supply chain operations, engineering, and digital transformation centres of excellence in India, CSS will deliver a range of services such as MRO support, spare part management, engine leasing, engine reliability analysis and contract administration. The facility will employ over 150 aerospace experts and engineers who will support a global customer service ecosystem, it added.

An important aspect of going RIA is understanding exactly what the different business models and fee structures are, so you can be ready to best serve the interests of your clients, as well as fully maximizing your revenue streams.

Last week was a busy one for Prime Minister Justin Trudeau. Leaks undermining his finance minister surfaced, as did reports that he was courting former Bank of Canada governor Mark Carney. But the biggest splash was in the New York Post, which reported that Canada quietly spent US$6.63 million (C$9 million) to buy a lavish condo overlooking Central Park on Billionaires’ Row in Manhattan, which we later learned is meant to house our consul general, former broadcaster Tom Clark.

Buckingham Palace to Antilia check the full list of the most expensive houses in the world. 1. Buckingham Palace Buckingham Palace located in London, United Kingdom is almost worth 4,900 million dollars. It has wide planted gardens and a distinctive balcony where the royal family appears during major ceremonies. Buckingham Palace contains state chambers, a vast art collection, and elaborate ceremonial areas.

In a groundbreaking move that sets a new precedent in the DeFi sector, Zeebu, a leading Web3 payment platform for the telecom industry, is thrilled to announce its upcoming quarterly token burn event, governed by the ZBU Phoenix Protocol and its innovative ‘ZBU Protocol’. This is in a bid to revolutionize the DeFi payments landscape.

The growth of stablecoins has been a key trend in crypto this year. As the number of stablecoin holders increased by over 15% in 2024, nearing 100 million, several new projects with transformative technological features are entering the market.

Ocean Vista boasts a unique feature: unobstructed sea views from every floor, a signature offering exclusively by Rustomjee. This prominent attribute sets Ocean Vista apart in a market where spacious 4-bedroom seaside apartments are rare. Rustomjee leads the way among developers addressing this niche, offering 32 luxury 4-bedroom apartments with carpet sizes ranging from 2394 to 2521 square feet, providing luxurious beachfront living with unmatched privacy, and exclusivity.

A victim of a phishing scam has received a significant portion of their stolen funds back ten months after falling victim to a $24 million heist.

professional services firms in India combined now have over 3,300 partners — equity plus non equity — with EY being the first firm to exceed 1,000 partner benchmark driven by continued strong growth in advisory businesses after the Covid-19 disruption. In the last three years, the advisory businesses — consulting, deals and risk — have grown much faster — 25% plus-than the traditional areas like audit and tax, which have grown between 15% and 22% for most firms, as the firms continue to pivot towards high-growth advisory services, including tech consulting and implementation. With EY being the last Big Four firm to close its financial year on June 30, the combined revenue of the Big Four firms — affiliates included — in the last financial year has crossed ₹39,000 crore, according to multiple senior partners ET spoke to across firms.

Delhi Capitals on Saturday parted ways with head coach Ricky Ponting after seven unsuccessful years in their quest for an elusive IPL silverware, the franchise announced on social media. While it is still early days, there is every possibility that Sourav Ganguly, the current Team Director of DC, could double up as the head coach next season. «As you move on as our head coach, we are finding it incredibly difficult to put it down in words. The four things that you told us about in every huddle — care, commitment, attitude and effort, they sum up our seven years together,» DC posted on their official 'X' handle. While the franchise waxed eloquent in that emotional post about their long association with the Australian, it is learnt that Ponting was told in no uncertain terms that his performance hasn't pleased the management after being given seven years — unheard of at franchise level without results.

Joe Biden has come under tremendous pressure to withdraw from the 2024 US Presidential Election because of his old age and cognitive health issues, a natural question looming large over the US political system is what will happen to the funds the US President has collected so far to fight the polls. Joe Biden has so far rejected the calls to pull out of the race for the White House and clarified that he may not be as young and energetic as before, but he knows how to do his duties and he will do so in the next term in office. He also reiterated that he would defeat Republican contender Donald Trump.

mutual fund to manage your money. All the money given by investors to the fund is pooled together and invested in various assets, which earn returns for you. However, there are various costs incurred by the fund in managing this large pool of money, and all these expenses are recovered from investors in the form of ‘expense ratio’. It’s expressed as a percentage of assets under management (AUM). The expenses typically comprise the fund managers’ fees, marketing and distribution costs, administration charges, audit fees, brokerage, etc. You don’t pay this fee to the mutual fund separately. Expense ratio is deducted daily from the net asset value (NAV) of the fund before it is published on the AMC website.