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Infosys acknowledged the receipt of a notice for alleged evasion of over Rs 32,000 crore ($3.8 billion) in integrated goods and services tax (IGST), the IT major said it has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice. In a late exchange filing on Thursday, the Bengaluru-based IT firm said, “The Company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the Company to submit further response to DGGI central authority on this matter.” The development comes after a hue and cry raised by industry leaders and association post the media reports of a GST demand on Infosys. Earlier in the day, industry body, nasscom said that the recent episode reflects GST enforcement mechanism’s lack of understanding of IT industry operating model. It added that it is not a case of ‘import of service’ by the head office from the branch, as made out to be.

Moscow released Wall Street Journal reporter Evan Gershkovich and Paul Whelan in a multinational deal, according to officials in Turkey, where the exchange took place. The Journal confirmed that Gershkovich had been freed. It's the latest exchange between Washington and Moscow in the past two years, following a December 2022 trade that brought WNBA star Brittney Griner back to the US in exchange for notorious arms trafficker Viktor Bout.

Securities class action filings increased in the first half of 2024 as artificial intelligence related lawsuits became a trend.

The founder and former CEO of a startup social media platform has been accused of misleading investors and defrauding them to the tune of $170 million.

Federal Reserve on Wednesday hinting at the likelihood of interest rate cut in September. At 7:45 pm, the October MCX gold futures were trading at Rs 70,350, up by Rs 695 or 1%. It hit the day’s high of Rs 70,489.

Some Canadians looking to break into the housing market are now able to get 30-year mortgages, a bid from the Liberal government to make owning a home feel more affordable.

Satwiksairaj Rankireddy and Chirag Shetty's dreams of securing a maiden Olympic medal came crashing down after a heartbreaking three-game loss to Aaron Chia and Soh Wooi Yik of Malaysia in the men's doubles quarterfinals at the Paris Games here on Thursday. One of the favourites for the gold medal, Satwik and Chirag, the reigning Asian Games champions and Commonwealth Games winners, squandered a first-game advantage to go down 21-13 14-21 16-21 in a hard-fought quarterfinal against the world number 3 Malaysians. Aaron and Chia, the 2022 world champions and Tokyo Games bronze winners, will face world number one and top seed Liang Wei Keng and Wang Chang in the semifinals. The Indians entered the contest after stitching three successive wins against the Malaysians in the last three meetings.

The recent federal lawsuits against famous short seller Andrew Left draw attention to the roles that financial influencers have in guiding investors’ decision making – and the wide range in the quality of the information available online.

Reasons to BuyReasons to AvoidWhat are buyers saying about this product on Amazon?Buyers appreciate the appearance and features, but report connectivity issues and find the product's value low. Opinions vary on voice recognition, sound quality, and ease of use.Why choose this product?Choose this product for its stylish design and versatile features, despite some concerns about connectivity and value for money.The Amazon Smart Plug adds voice control to your appliances using Alexa.

Ellipal has been a household name in the hardware wallet space for a while now, consistently ranking as a top 3 cold wallet by Forbes since 2022. The brand has been recognized as a leading provider of cryptocurrency hardware wallets, offering top-notch security and a user-friendly design.

Finra slapped Pershing with a $1.4 million fine for distributing over one million account statements and trade confirmations containing inaccurate interest rate information on variable rate securities.

The mistress of a Texas Ponzi schemer who advertised on Christian radio programs was sentenced on Tuesday to life in prison, according to a statement from the district attorney of Tarrant County, which includes Fort Worth and Arlington.

Ceigall India opened on Thursday, the issue was booked 29% so far on the first day of the bidding process. The highest demand was driven by the employees, which was booked 1.35 times, followed by the retail investors, whose category was booked 43%. The non-institutional category was subscribed by 35%, while the part reserved for QIB investors was not booked so far.

Ola Electric, the biggest of this year, will open for subscription on Friday. Ahead of the listing, the company's shares are trading with a premium of Rs 15 in the unlisted market. Considering the upper price band, the stock is boasting a premium of 20% to the issue price. The IPO is priced in the range of Rs 72-76 per share.

Ambuja Cements Ltd. slipped 2.83 per cent to Rs 660.45 in Thursday's trade as of 01:45PM (IST). The stock hit a high price of Rs 680.95 and low of Rs 655.65 during the session. The return on equity (ROE) for the stock stood at 9.24 per cent. Traded volume on the counter stood at 01:45PM shares and turnover at Rs 6.93 crore around that time. The stock of Ambuja Cements Ltd. quoted a 52-week high price of Rs 706.85 and 52-week low prices of Rs 404.0, respectively.

Paras Healthcare, the Delhi NCR-based hospital chain has filed Draft Red Herring Prospectus (DRHP) with SEBI for ₹700 crore — ₹900 crore Initial Public Offering (IPO). The IPO comprises of a fresh issue of equity shares of up to ₹400 crores and an offer for sale (OFS) of up to 14,974,010 equity shares with face value of ₹1 each equity share.

Swapnil Kusale won a bronze in the men's 50m rifle 3 position shooting event, becoming the first Indian to win in this discipline.

Iran held funeral processions on Thursday with calls for revenge after the killing in Tehran of Hamas political chief Ismail Haniyeh in a strike blamed on Israel.

Matt Hougan, the chief investment officer of Bitwise, has said the recent commitments made by US politicians have made him reconsider his perspective on Bitcoin’s potential.

active mutual fund flows so far this year. In June alone, inflows into these funds reached ₹22,350 crore, accounting for 55% of total active flows, an 18 July research report by Elara Securities said. Since the beginning of this year, thematic and sectoral funds have attracted ₹70,000 crore in inflows.

National Institute of Technology, Rourkela has secured an average pay packet of Rs 12.89 lakh per annum (lpa), with students of its flagship B Tech programme bagging an average salary of Rs 14.05 lpa.