Pvt companies required to deduct tax at source while issuing bonus or rights shares

New Delhi, Sep 13 (IANS) The Central Board of Direct Taxes (CBDT) on Tuesday issued another circular to further clarify issues arising on deduction of tax at source under the newly-inserted Section 194-R in respect of benefits or perquisites provided to residents in cash or in kind in the course of business or profession. As … Read more

Roblox Immersive Ads Execution Will be Challenging

© Reuters By Sam Boughedda Reacting to the announcement on Friday at the Roblox Corp (NYSE:) Developers Conference that the company plans to test Immersive Ads with a small number of brands and content creators during the remainder of 2022, a Morgan Stanley analyst said they think the execution will be challenging. Morgan Stanley has an … Read more

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 1.20%

Investing.com – U.K. equities were lower at the close on Tuesday, as losses in the , and sectors propelled shares lower. At the close in London, the fell 1.20%. The biggest gainers of the session on the were AVEVA Group PLC (LON:), which rose 3.08% or 91.00 points to trade at 3,050.00 at the close. … Read more

India producing 2G ethanol from stubble

New Delhi, Sep 13 (IANS) Endowed with abundant natural produce, various parts of India often face the challenge of too much stubble. Making proper use of stubble, the country started making biofuels out of it. Biofuels promote greenery and protect nature. These are not only nature friendly but also promotes the contribution of farmers in … Read more

Govt sets up panel to suggest measures for more private equity investments

New Delhi, Sep 13 (IANS) The government has set up an expert committee, headed by former SEBI Chairman Meleveetil Damodaran, to suggest appropriate measures to address regulatory and other issues, so that investments by venture capital and private equity investors can be scaled up. The six-member committee has been set up in accordance with the … Read more

Twilio and Zoom Well-Positioned – KeyBanc By Investing.com

© Reuters. By Sam Boughedda KeyBanc Capital Markets analysts resumed coverage of 15 names in the broader Infrastructure Software group associated with digital automation, collaboration, customer engagement, and related digital agencies on Tuesday, including Twilio (NYSE:) and Zoom (NASDAQ:). Twilio was resumed with an Overweight rating and a $96 price target. “Leveraging messaging platform leadership, … Read more

BYJU’s logs nearly Rs 10K crore revenue in FY22, tops estimates

New Delhi, Sep 13 (IANS) While all eyes are on BYJU’s much-awaited FY21 financial results that were set to be revealed on Wednesday, the edtech major has registered nearly Rs 9,991 crore in revenues in FY22 and its core K12 education business is growing fast, top sources have revealed. In six months from February 2022 … Read more