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In the July 2024 Union budget, a new category was added to an already humongous list of payments that attract tax deduction at source, or TDS: the payment of salary, remuneration, bonus, commission, and interest by a partnership firm to its partners.

Here’s a detailed look at the revised TDS thresholds.

Bharti Airtel shares will be in focus on Thursday after the telecom operator expanded its core network collaboration with Nokia to accelerate 5G service delivery. Nokia already has a significant presence in Airtel’s core network, providing key technologies such as VoLTE (Voice over LTE) and HSS (Home Subscriber Server).

“In FY26, investors should be inclined towards investing in categories such as Flexi Cap, Multi Cap, and Large & Mid Cap. These provide the fund managers with an option of maneuvering depending upon the market circumstances as an alternative during volatile times. Excessive exposure in very high-risk categories should be avoided,” recommended Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance Also Read | Technology-based mutual funds lost up to 18% in 2025. Time favourable to allocate more?

S&P 500 futures sank over 3.5% while contracts on the Nasdaq 100 slid 4.5%. Shares in Australia, Japan and South Korea tumbled at the open Thursday. US 10-year Treasury yields slumped with the flight to havens also lifting the Japanese yen and gold, which touched a new record high.

Subscribe to enjoy similar stories. Mumbai/Bengaluru: A stock price plunge and, in some cases, a cash crunch has prompted creditors to take control of shares pledged by promoters of at least 15 small-cap companies over the past six months. Solar project consultant and contactor Gensol Engineering Ltd and payment solutions provider AGS Transact Technologies Ltd, two companies that recently defaulted on loans, are among the small-cap firms that reported invocation of pledged shares, according to Prime Database, a Mumbai-based markets data tracking firm.

Subscribe to enjoy similar stories. In the telecom sector, there are certain regulatory payments that an operator has to make to the government. These are for spectrum usage (pre-2022), licence fee as percentage of their adjusted gross revenue, and spectrum purchase.

Subscribe to enjoy similar stories. Bengaluru: Flexible workspace providers are seeing higher demand for office space from artificial intelligence companies and AI-first businesses, with a bulk of the leasing happening in Bengaluru, Pune, and Hyderabad. Flex office operators such as WeWork India, IndiQube, Table Space, Incuspaze and others have signed on AI firms as tenants for 50-700 seats in their centres.

Subscribe to enjoy similar stories. Mumbai: India’s largest lender State Bank of India (SBI) is scouting for fintechs which can help it gain an edge over competitors with debt card solutions, including an option for customers to print their own cards at kiosks. The bank is looking to partner with fintechs who can provide services for these kiosks, allowing customers to upload photos or select from design templates, according to a document seen by Mint.

IPO) for its portfolio company Straive in India, said people familiar with the matter. EQT has appointed Axis Capital, JP Morgan and Morgan Stanley to manage the offering for the edtech-focused data and solutions provider, the people said.

Skrillex has thrilled the audience with another long-lasting announcement by scheduling a five-hour performance at Red Rocks Amphitheatre in Colorado that will take place on May 13. The performance received profound excitement as Skrillex released his album.

Mario Kart World. The game will release on June 5 with the Nintendo Switch 2. It introduces an open-world structure, new gameplay modes and larger races.

Amazon.com has put in a last-minute offer to buy short-form video app TikTok, New York Times reported on Wednesday, citing sources familiar with the matter. Trump is slated to meet with top White House officials Wednesday to discuss TikTok's fate. People familiar with the talks have outlined a potential deal that could involve bringing on a number of new U.S. investors, including Oracle, the technology giant, and Blackstone, the private equity firm, while sidestepping a formal sale. But it isn't clear that such a structure would satisfy the conditions of the federal law, as per the report. Amazon has some existing ties to TikTok. TikTok video app, which counts 170 million users in the United States, has become a major hub of retail shopping, with influencers recommending products to viewers. While the company has its own e-commerce operation known as TikTok Shop, many influencers encourage people to buy products on Amazon, which gives the influencers a cut of the transactions. It has also provided some technical infrastructure, NYT News Service reported. Amazon had previously tried to make a TikTok clone of sorts, called Inspire, inside its own app. Internally, it was a high-profile initiative, but was widely seen as unsuccessful at attracting shoppers. The company removed it from the app this year, as per the report. Amazon isn't the first retailer to express interest in the app. In 2020, when TikTok was first pressured to sell to U.S. owners, Microsoft and Walmart made a bid for the company.

MRTV, which said the truce would run until April 22 and was aimed at showing compassion for people affected by Friday's quake. The announcement followed unilateral temporary ceasefires announced by armed resistance groups opposed to military rule. Those groups must refrain from attacking the state, or regrouping, or else the military will take «necessary» measures, the army's statement said. Earlier Wednesday, rescuers pulled two men alive from the ruins of a hotel in Myanmar's capital and a third from a guesthouse in another city, five days after the quake. But most teams were finding only bodies. The quake hit midday Friday, toppling thousands of buildings, collapsing bridges and buckling roads. The death toll rose to 3,003 on Wednesday, with more than 4,500 people injured, MRTV reported. Local reports suggest much higher figures. The earthquake came amid civil war in Myanmar, making a dire humanitarian crisis even worse. More than 3 million people had been displaced from their homes and nearly 20 million were in need even before it hit, according to the United Nations.

Lupin on Wednesday said it has acquired UK-based Renascience Pharma for 12.3 million pounds (around Rs 135 crore). Lupin Healthcare (UK) Ltd, a wholly-owned subsidiary of the Mumbai-based drug maker, is acquiring a 100 per cent stake in Renascience, which supplies products in the UK. With the acquisition, Lupin Healthcare (UK) Limited gains full ownership of Renascience which, going forward, will trade as its subsidiary, Lupin Ltd said in a statement. Renascience is the sole supplier for branded injectable cephalosporines for infectious diseases, a topical treatment for ear pain and a branded quinasoline-like diuretic for cardiovascular and renal indications in the UK market.

Enforcement Directorate (ED) has turned its focus on funding from the US Agency for International Development (USAID) amid an ongoing investigation tied to investor and philantropist George Soros, TOI has reported. This scrutiny comes as the Trump administration has time and again criticized USAID for allegedly promoting a «left, liberal and woke» agenda abroad. The ED is currently investigating three Bengaluru-based companies for purported violations of the Foreign Exchange Management Act, specifically regarding the receipt of Rs 25 crore from the Soros Economic Development Fund (SEDF). Among these companies, ASAR Social Impact Advisors has also been noted for receiving Rs 8 crore from USAID as foreign inward remittance during FY23. The central agency is particularly interested in understanding the motives and purposes behind the payments made by USAID. Notably, the Open Society Foundations was categorized under the 'prior reference category' by the home ministry in 2016 due to concerns over «undesirable activities.» This classification mandates that it must obtain prior approval from the ministry before contributing funds to any Indian non-profit organization.

Subscribe to enjoy similar stories. WASHINGTON—Donald Trump’s attorney Boris Epshteyn made a bold assertion during a meeting in late 2023: Trump wouldn’t necessarily be limited to two terms in office. Speaking to an associate in October 2023 in downtown Washington, Epshteyn pushed back on the notion that Trump would be a lame duck if he won the election in 2024.

ITA Airways has officially received approval to start the integration process into Star Alliance following a verdict by the Star Alliance Chief Executive Board (CEB). Building on its induction into the Lufthansa Group earlier this year, this decision paves the way for its entry into the world’s largest airline alliance. “In early 2026, ITA Airways is expected to officially join the Star Alliance network as a full member. The decision by our Chief Executive Board underscores the strong confidence our members have in ITA Airways. As a gateway for Italy, its addition strengthens our global network, offering seamless and connected journeys to more travellers worldwide," said Star Alliance Chief Executive Officer Theo Panagiotoulias . Joerg Eberhart, CEO and General Manager of ITA Airways, said, “We are excited to join the Star Alliance network and to bring the excellence of Made in Italy into the alliance, further enhancing its global reach. This is a significant milestone in ITA Airways’ growth, and we look forward to offering our customers the future privileges of the world’s largest airline network."

Securities and Exchange Board of India (Sebi) has given workspace solutions provider IndiQube the green light for its initial public offering (IPO). The company, which is backed by WestBridge Capital, had filed a draft red herring prospectus (DRHP) last December seeking to raise Rs 850 crore through the IPO. This comprises Rs 750 crore in fresh capital and Rs 100 crore in an offer for sale. Founders Rishi Das and Meghna Aggarwal plan to sell shares worth Rs 100 crore through the offer-for-sale segment. According to online news platform Entracker, IndiQube intends to use Rs 427 crore of the fresh funds on capital expenditure, Rs 100 crore to repay or prepay existing loans, and the rest on general corporate activities.

The Problem with India’s Onion Export Policies India’s approach to controlling onion exports has been inconsistent, resulting in price volatility and disruptions in the supply chain. The government has imposed a ban on onion exports three times in the past five years, accompanied by MEP and high export duties (refer to table 1). This erratic policy-making benefits neither consumers nor farmers.

Saviynt, a provider of cloud-native identity governance solutions, on Wednesday announced that Nitin Varma has joined the company as senior vice-president and managing director for India and SAARC. The firm has nearly 600 employees in India serving all corporate functions. Varma’s appointment will strengthen its go-to-market effort, and he will be leading customer acquisition efforts, building and enhancing technical and consulting partnerships, and elevating its overall position as a provider of identity security solutions in India and SAARC, said a company statement. India is part of the eight-nation grouping of the South Asian Association for Regional Cooperation (SAARC).