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28% GST on entry-level deposits for online gaming🎮
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28% GST to be levied on entry-level deposits for online gaming platforms
The GST Council upheld the 28% levy on online gaming but clarified that the tax will be applicable at the entry-level and not on subsequent winnings.
CXOs log out of unicorns to start up their own ventures
Even C-suite executives are going from unicorns to series A and B firms, or even lower down the value chain, their moves indicative of the kind of firms funds are flowing into in the startup space
Epublic infra revolution making India mega economy: Nandan Nilekani
India's "techade" has led to a model of unprecedented growth and will bring greater equity and inclusion, said Infosys co-founder and chairman Nandan Nilekani, who has spearheaded India's digital public infrastructure (DPI) revolution.
Foxconn to invest $600 million in Karnataka on iPhone facilities
Taiwanese chipmaker Hon Hai Technologies, better known as Foxconn, has signed a letter of intent (LoI) with the government of Karnataka to invest $600 million (about Rs 5,000 crore) in two facilities to manufacture semiconductors and iPhone components.
SoftBank chip subsidiary Arm targets $60 billion-plus value for September IPO
SoftBank-owned British chip designer Arm Ltd will go for a much-awaited public listing in September. The company is targeting a valuation between $60 billion and $70 billion for the semiconductor company in the $10 billion IPO.
Apple-Goldman Sachs high-yield savings account surpasses $10Bn in customer deposits
The deposit account, which was launched in April, lets Apple Card users earn an annual percentage yield of 4.15% on savings accounts.
Vistaar Financial Services has secured $50 million in funding from the US government's development finance institution, the International Development Finance Corporation (DFC).
Early-stage venture capital fund pi Ventures, which invests in deep tech-focused startups has raised ₹702 crore ($85 million) towards the final close of its second fund.
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