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GLOBAL NEWS

India on Track to Surpass Rs 22.07 Lakh Crore Direct Tax Target, Says CBDT Chairman

According to Central Board of Direct Taxes CBDT Chairman Ravi Agarwal, the Indian government is expected to exceed its direct tax collection goal of R

According to Central Board of Direct Taxes CBDT Chairman Ravi Agarwal, the Indian government is expected to exceed its direct tax collection goal of Rs 22.07 lakh crore for the current fiscal year. He emphasised that net direct tax collections grew by 15.41% to Rs 12.11 lakh crore as of 10 November, reflecting significant corporate and noncorporate tax receipts. Additionally, Agarwal declared that taxpayers may submit amended forms for the fiscal year 2023–2024 until 31 December if they have not proclaimed overseas assets or income. Furthermore, more than 6,000 recommendations have been made to streamline and improve the accessibility of the income tax law. For FY24, the government has set a revised direct tax collection goal of Rs 19.45 lakh crore. Read More..

B2B Tech News | 1 days ago      

Nippon Steel Pledges to Halt Steel Imports to U.S. as It Seeks $14.9 Billion U.S. Steel Acquisition

To complete its $14.9 billion acquisition of U.S. Steel by years end and before Presidentelect Donald Trump takes office, Nippon Steel has promised no

To complete its $14.9 billion acquisition of U.S. Steel by years end and before Presidentelect Donald Trump takes office, Nippon Steel has promised not to import steel into the United States from its foreign plants. Executive Vice President Takahiro Mori wrote to United Steelworkers USW union members to reassure them of the companys commitment to job security and investment in U.S. Steel. If the buyout is successful, Nippon Steel also pledged to sell off a portion of a joint venture for a steel factory in the United States. Mori underlined continued talks and attempts to address union concerns despite union resistance. The U.S. Committee on Foreign Investment is reviewing the offer and is anticipated to decide by December. Read More..

B2B Tech News | 1 days ago      

Resolute Mining Settles $160 Million Tax Dispute with Mali’s Military Government

After its CEO Terry Holohan and two coworkers were detained, Australian gold firm Resolute Mining agreed to pay $160 million to settle a tax dispute w

After its CEO Terry Holohan and two coworkers were detained, Australian gold firm Resolute Mining agreed to pay $160 million to settle a tax dispute with Malis militaryled government. Amidst growing scrutiny of international mining companies in Mali, the executives were detained on their way to Bamako for what was supposed to be a regular meeting. The remaining sum will be paid in the upcoming months after Resolute makes an initial payment of $80 million. Mali tightened its supervision over international operators, notably by enacting a new mining code, to increase its portion of mining profits. The scenario demonstrates the growing hostilities between mining firms supported by the West and Malis military government. Read More..

B2B Tech News | 1 days ago      

Britain and India to Renew Trade Negotiations, Focus on Security, Education, and Tech

India and Britain will begin free trade agreement talks in the new year after a lull because of elections in both nations. According to a statement re

India and Britain will begin free trade agreement talks in the new year after a lull because of elections in both nations. According to a statement released by Prime Minister Keir Starmers office, with an emphasis on security, education, technology, and climate change, the UK hopes to form a "new strategic partnership" with India. With a total yearly trade value of £42 billion between the two countries, this trade agreement is anticipated to boost employment and prosperity in the UK. Issues include Indias demand for more business and student visas and the high import taxes on British whisky, hampered previous negotiations. Both nations see the deal as essential to advancing mutual progress and deepening their economic relations. Read More..

B2B Tech News | 1 days ago      

Asia’s Growth at Risk IMF Highlights Impact of Retaliatory Tariffs on Regional Economy

Retaliatory tariffs might hurt Asias economic prospects by impeding growth, increasing costs, and destroying supply chains, the International Monetary

Retaliatory tariffs might hurt Asias economic prospects by impeding growth, increasing costs, and destroying supply chains, the International Monetary Fund IMF said. IMF AsiaPacific Director Krishna Srinivasan emphasised that tariffs, such as the European Unions levies on Chinese electric vehicles and the United States plans for a 60% tax on Chinese imports, might impede exports, restrict global commerce, and raise inflation. The IMFs World Economic Outlook predicts global growth to be 3.2% in 2024 and 2025, with Asias growth continuing to be higher at 4.6% this year. However, Asias economy is in danger from rising trade tensions and monetary policy uncertainties in developed nations, which affect financial markets and capital flows. Read More..

B2B Tech News | 1 days ago      

ZeroDay Vulnerability in EndofLife GeoVision Devices Exposed, Cyberattackers Exploit Flaw

Cybersecurity researchers have actively exploited a zeroday vulnerability in EndofLife EOL GeoVision devices, allowing attackers to execute arbitrary

Cybersecurity researchers have actively exploited a zeroday vulnerability in EndofLife EOL GeoVision devices, allowing attackers to execute arbitrary instructions without authentication remotely. A sophisticated botnet that targets the devices has been connected to this highseverity security vulnerability. Due to the unsupported status of the impacted hardware, there are few patching alternatives for the vulnerability. It was initially discovered by the Shadowserver Foundation in cooperation with Taiwans Computer Emergency Response Team TWCERT and GeoVision. Experts advise segmenting networks, removing susceptible gadgets from the internet, and switching to safer options. Because of the botnets continuous activity, people and organisations worldwide are at serious risk, and authorities will likely provide more mitigating advice. Read More..

B2B Tech News | 1 days ago      

Google Developing "Shielded Email" to Safeguard Primary Email IDs

Google is allegedly working on a tool called "Shielded Email" to create limiteduse email addresses that redirect communications to users primary inbox

Google is allegedly working on a tool called "Shielded Email" to create limiteduse email addresses that redirect communications to users primary inboxes, protecting their primary email addresses. Google still needs to verify the feature, which Android Authority found through an APK breakdown of Google Play Services version 24.45.33. It attempts to stop spam by enabling consumers to receive desired emails while blocking undesired senders quickly. Without the requirement for a second email account, this functionality could simplify the email forwarding process, which currently requires account authentication. Its still being determined whether the feature will be available to everyone. Read More..

B2B Tech News | 1 days ago      

Yahoo Mail Revamps App with AIPowered Tools for Smarter Inbox Management

To improve user experience and efficiency, Yahoo Mail has released a revamped software that emphasises artificial intelligence AI. AIpowered features,

To improve user experience and efficiency, Yahoo Mail has released a revamped software that emphasises artificial intelligence AI. AIpowered features, including oneline email summaries, quickresponse ideas, and tone modifications to create succinct or professional communications, are available in the upgraded app. Users may easily unsubscribe or delete emails, and it offers options to sort and arrange emails by sender, content, and themes. The UI features gamification techniques for inbox cleansing with singletap actions and a messagingstyle layout for faster navigation. Users can also integrate numerous email accounts, such as Outlook and Gmail, to make email administration easier. The app, now available for iOS in the US, attempts to increase productivity and streamline inbox management. Read More..

B2B Tech News | 1 days ago