BUSINESS
Google empowered nonprofits with over $2 bn in 5 years
Google.org committed to contributing $1 billion to organisations around the world that are working to create opportunities for everyone. In addition to grants and employee contributions, Google said it has donated over $7 billion in Ad Grants since 2017. The pandemic resulted in Google.org's biggest-ever mobilization of resources to focus its efforts in areas where it can have the most impact, such as health and science, distance learning and economic relief and recovery.
Google empowered nonprofits with over $2 bn in 5 years
Google.org committed to contributing $1 billion to organisations around the world that are working to create opportunities for everyone. In addition to grants and employee contributions, Google said it has donated over $7 billion in Ad Grants since 2017. The pandemic resulted in Google.org's biggest-ever mobilization of resources to focus its efforts in areas where it can have the most impact, such as health and science, distance learning and economic relief and recovery.
Blume Global continues rapid growth in India, incorporates LiveSource acquisition to wider market
Blume Global, a leading provider of true end-to-end supply chain visibility technology solutions, has experienced exponential growth in India in less than two years. Since its Bangalore office opened in 2020, the India team has grown to nearly 400 employees, representing a $10 million investment in the local community.
400 Vande Bharat trains: Rs 40,000 Cr business opportunity and jobs
Presenting the Union Budget for 2022-23, Indian Finance Minister Nirmala Sitharaman said 400 new energy-efficient Vande Bharat trains will be introduced in three years. Indian Railways officials preferring anonymity told IANS that 400 Vande Bharat trains over the next three years is not just headline catching announcement. It is about Rs 40,000 crore business opportunity that would also create 15,000 jobs and several spin-off benefits.
Tesla faces lawsuit from former employee
Barker, in the suit said that Tesla failed to address racist abuse directed towards her by a coworker and that it retaliated against her when she tried to report the abuse, reports Insider. Barker, in her complaint, states that she was subjected to racial and homophobic insults during her stint at the company. Her complaint also mentioned instances of physical attacks on her at the facility.
Cap on surcharge of long-term capital gains provides relief to HNIs
Such surcharge is already fixed at 15 per cent for capital gains arising from on-market sale of equity shares and certain other securities, capital gains arising from any other capital asset are subject to a surcharge as high as 37 pert cent, depending on the total income of the taxpayer.
India pens $500mn LOC to pump petroleum to Sri Lanka
The Export Import Bank (EXIM) of India and the Sri Lanka government signed a LOC Agreement for purchase of petroleum products on Wednesday in the presence of Sri Lanka's Finance Minister, Basil Rajapaksa and the High Commissioner of India to Sri Lanka, Gopal Baglay.
Banking indices outperform broader markets, rise 10-20% in Jan
In the past one-month period, Nifty bank index rose nearly 11 per cent to 39,330 points. Just on Wednesday, it gained over 2 per cent. Besides, credit card spending also continued to be strong, the brokerage house said. During the past month, Nifty PSU bank and Nifty private bank rose 21 per cent and 10 per cent, respectively. On Wednesday too, these two indices jumped sharply.
Sugar production surplus in India since 2010-11: Govt
"In the previous sugar season 2020-21, about 310 lakh metric tonnes (LMT) of sugar was produced, after discounting diversion of 22 LMT of sugar to ethanol, by Indian sugar mills against domestic consumption of 265 LMT. Further, against the estimated domestic consumption of 270 LMT in sugar season 2021-22, the sugar production is estimated to be around 308 LMT," Union Minister of State for Consumer Affairs, Food and Public Distribution, Sadhvi Niranjan Jyoti told.
Corporate tax buoyancy lowest in five decades
An estimation of decadal tax buoyancy (total tax revenue and other individual tax revenues) using double log model reveals that tax buoyancy of total tax revenue and income tax and corporation tax has declined in the current decade (2010-11 to 2019-20) compared to the last decade (2000-01 to 2009-10), the SBI said in a research report.
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