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Bloomberg Quint
2w
381
Image Credit: Bloomberg Quint
Income Tax: Will April Salary Be Taxed Under New Bill Or 1961 Act?
- The new financial year in India has introduced more favorable tax slabs under the new income tax regime.
- The new Income Tax Bill, 2025 aims to replace the existing taxation laws in India and simplify tax compliance.
- Income earned in the current fiscal year will continue to be governed under the Income Tax Act, 1961.
- The new income tax bill is yet to become a law and is currently under review by a 31-member Lok Sabha panel.
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Bloomberg Quint
2w
134
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Income Tax Calculation: How Much Will You Save Under New Slabs?
- Under the new tax regime, the highest tax rate of 30% applies to incomes above Rs 24 lakh, up from Rs 15 lakh in the previous structure.
- The basic exemption limit has been raised to Rs 4 lakh, and the standard deduction has increased from Rs 50,000 to Rs 75,000.
- Under the new tax slabs, taxpayers with a net taxable income of up to Rs 12 lakh can claim a rebate of Rs 60,000, reducing their tax to zero.
- Individuals can save a significant amount under the new tax slab, such as up to Rs 1,57,500 for an income of Rs 15,00,000.
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Bloomberg Quint
2w
336
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Tariffs Stoke Fears That Hung Debt Will Return
- Deals in leveraged finance have stalled, raising the possibility that banks might once again get stuck with 'hung' debt.
- US President Donald Trump's announcement of steep tariffs stoked recession fears and sent stocks plunging.
- Efforts to refinance debt and launch new issuance of junk debt have fallen short in the US.
- Banks are facing challenges in selling underwritten loans and attracting investor demand for loan sales.
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Bloomberg Quint
2w
56
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Your Guide To FII Positions For April 7 Trade
- Foreign portfolio investors stayed net sellers for the fifth straight day on Friday, selling index futures, stock futures, and options.
- Foreign portfolio investors offloaded equities worth Rs 3,484 crore, while domestic institutional investors sold equities worth Rs 1,720.32 crore.
- Foreign institutional investors were sellers of index futures worth Rs 2,276 crore and stock futures and options worth Rs 3,763 crore and Rs 3,968 crore respectively.
- The open interest distribution for the Nifty 50 April 9 expiry series indicated the most activity at 25,400 call strikes, and the 22,000 put strikes had the maximum open interest.
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Bloomberg Quint
2w
381
Image Credit: Bloomberg Quint
Charting The Global Economy: US Tariffs Wallop Markets, Outlook
- President Trump's imposition of broad US tariffs has sent shock waves through global markets, with all countries facing a 10% baseline tariff and higher duties for those with large trade deficits.
- The tariffs have led to a stock market plunge, with the S&P 500 seeing its worst two-day drop since March 2020 and the Nasdaq 100 entering a bear market.
- Despite China's retaliation, some countries like Cambodia and Indonesia are working to mitigate the impact of US tariffs, with Vietnam considering eliminating tariffs.
- The trade disruptions have affected industries like fish food supply chains, South African mining stocks, and Australian central bank decisions.
- US markets had their worst week since March 2020, with job growth surpassing forecasts but factory activity contracting as tariffs take effect.
- China retaliated against US tariffs, restricting local investments in the US, while Japan ramped up industrial production ahead of potential auto tariffs.
- The European Union is approaching trade talks with the US cautiously, aiming to salvage the transatlantic relationship amid evolving global economic dynamics.
- Euro-area inflation eased towards the ECB's target, while emerging markets like Peru are managing inflation expectations amid tariff uncertainties.
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Bloomberg Quint
2w
134
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Elon Musk Hopes US, Europe Move To Zero-Tariff Free-Trade Zone
- Elon Musk hopes for a “zero-tariff” system between the US and Europe that would effectively create “a free-trade zone.”
- Musk shared his view at a gathering of the right-wing League party in Florence, Italy.
- His remarks contrast with the imposition of global tariffs by US President Donald Trump.
- Musk also expressed a desire for a deeper partnership between the US and Europe and greater mobility for those wishing to work in either the US or Europe.
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Bloomberg Quint
2w
108
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BMW Is Unfazed By Tesla Entry Into India
- BMW India is unfazed by the prospect of Tesla's entry into India, as its MD Vikram Pawah believes it will only grow the EV segment in India.
- According to Pawah, more competition in the market leads to growth, and BMW and Tesla have co-existed in other markets worldwide.
- In 2024, BMW India sold a total of 1,249 units of electric cars, and in 2025, sales have already reached 646 units.
- BMW India is on track to achieve its target of drawing 15% of total sales from EVs by 2025 and is happy with the progress.
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Medium
2w
104
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The Journey of Continuous Improvement: Lessons from Ramadan for Entrepreneurs
- Continuous improvement entails a relentless pursuit of self-development and the acquisition of new skills.
- Prophet Muhammad (peace be upon him) and his companions exemplified the spirit of continuous improvement.
- Six practical steps to adopt a continuous improvement mindset.
- Final advice for successful implementation and its impact.
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Massivelyop
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416
Make My MMO: Anachronia canceled its $72K Kickstarter the day before it ended
- Indie survival MMORPG Anachronia's Kickstarter campaign was canceled a day before ending, falling short of its $72K goal at $43K.
- The cancelation was attributed to concerns with the marketing agency, leading devs at Starcode Studios to make a transparent decision for backers and project.
- Anachronia's development commitment remains firm despite the campaign setback, aiming to explore better approaches moving forward.
- Stars Reach concluded its Kickstarter with over $760,000 raised, while Chronicles of Elyria faced challenges and Ashes of Creation teased naval gameplay.
- Valiance Online's communication lull was highlighted, while Magic to Master faced backlash upon its Steam early access launch with negative reviews.
- MMO crowdfunding updates included Stars Reach's successful funding, Ashes of Creation's naval gameplay preview, and ongoing issues with various projects.
- Anachronia and Antraxx saw their Kickstarter campaigns canceled, while games like Ascent: The Space Game and Ashes of Creation continued development post-funding.
- The crowdfunding landscape featured both successes like Stars Reach and challenges like Magic to Master's early access reception.
- Several MMOs faced varying outcomes from Kickstarter, with canceled campaigns like Ethyrial Echoes of Yore and successful projects like Book of Travels.
- MMO projects like Ashes of Creation, Valiance Online, and Chronicles of Elyria navigated different development stages and community feedback.
- Make My MMO provides insights into the diverse experiences of crowdfunded MMOs, emphasizing the importance of accountability and transparency in the industry.
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Massivelyop
2w
212
Star Citizen confirms a one-day, digital-only ‘CitizenCon Direct’ for this October
- Star Citizen's annual CitizenCon event will be a one-day, digital-only 'CitizenCon Direct' this year.
- The event will be shorter but will contain exciting content and reveals.
- In-person Bar Citizen watch parties will be arranged, and the event will be broadcasted on Twitch and YouTube.
- The move to a single-day livestream is to focus on pushing Squadron 42 development and improving Star Citizen's stability and playability.
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Livebitcoinnews
2w
320
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Can XRP Really Spark a Wave of Early Retirements?
- XRP's future growth could potentially lead to early retirements, according to media personality John Squire.
- Despite recent price drops, long-term XRP investors remain confident in its potential.
- Retirement plans with XRP depend on the initial investment size and XRP's future price rise.
- While there are diverse opinions, XRP's historical returns and high-profile support contribute to the anticipation of a brighter future for investors.
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Medium
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108
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Should The Dollar Be Strong Or Weak? Why It Matters For Global Business
- The debate over whether the U.S. dollar should be strong or weak is complex, with pros and cons on both sides.
- A strong dollar benefits U.S. tourists and buyers of foreign goods, but harms U.S. exporters by making American products more expensive.
- Demand for the dollar in foreign exchange markets depends on various factors, including interest rates and bond yields.
- If the U.S. wants its manufacturers to dominate globally, a weaker dollar is favorable for exporting goods.
- The strength of the dollar is also influenced by global supply chains and trade relationships.
- Factors like interest rates and Central Bank policies impact the value of the dollar in relation to other currencies.
- Market dynamics determine the value of the dollar based on supply and demand factors at any given time.
- U.S. companies may need to reconsider their reliance on foreign goods and services amidst fluctuations in the dollar's strength.
- Businesses that import parts but also export products will have to adjust their financial strategies based on currency fluctuations.
- The complexity of global markets highlights the importance of adapting to changing currency dynamics for businesses.
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Medium
2w
152
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The Entrepreneurial Edge: Mastering Skills for Tomorrow's Success
- The business world is evolving rapidly, with AI and automation redefining roles.
- To lead in this new era, modern entrepreneurs need to embrace a growth mindset, sharpen critical thinking, lead in the digital realm, commit to lifelong learning, build resilience, and cultivate a strong network.
- Pitfalls to avoid include ignoring emerging trends, over-relying on automation, and resisting change.
- Entrepreneurs who proactively develop these skills position themselves miles ahead of the competition.
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Bloomberg Quint
2w
303
Image Credit: Bloomberg Quint
Startup India Desk To Be Set Up In DPIIT To Serve As Helpline: Piyush Goyal
- Commerce and Industry Minister Piyush Goyal announced the setting up of a dedicated Startup India desk within the ministry to serve as a helpline for entrepreneurs accessible through a toll-free number.
- The second Fund of Funds for Startups with a corpus of Rs 10,000 crore has been approved, with Rs 2,000 crore to be disbursed to SIDBI as the first installment.
- The fund will focus on seed funding for small startups and deep-tech innovation startups in domains such as AI, robotics, quantum computing, and biotech.
- Piyush Goyal urged SIDBI to establish support centers in every state to provide infrastructure and facilities for early-stage entrepreneurs.
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Bloomberg Quint
2w
176
Image Credit: Bloomberg Quint
Zomato COO Rinshul Chandra Steps Down
- Rinshul Chandra has resigned as the COO of Zomato.
- Chandra's last working day with Zomato will be April 7.
- Zomato is changing its name to 'Eternal' on April 9, marking its expanding business portfolio.
- Zomato's stock has seen a 10.51% rise in the last 12 months and fallen 24.8% year-to-date.
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