The Central Board of Direct Taxes (CBDT) has extended the tax relief for sovereign wealth funds (SWFs) and pension funds by a year to March 31, 2025, against the previous expiry of March 31, 2024.

With the changes, the funds can now enjoy exemption from tax on dividend income, interest income, or long-term capital gains tax arising from investments made in India.

The Rajiv Gandhi International Airport here, run by GMR group, on Friday put out an advisory saying that due to the global IT outage, the services of some airlines have been impacted.

Airport sources said that as many as 23 flights -- 12 departures and 11 arrivals -- including Indigo's flights to Visakhapatnam, Tirupati, Ahmedabad and Bengaluru have been cancelled.

US President Joe Biden is expected to make a major announcement on his re-election bid, with several senior Democratic leaders suggesting that he leave the race following his disastrous debate performance, a failed assassination attempt on his rival Donald Trump, his poor health, and falling poll numbers, according to media reports.

Crisis-ridden Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said.

Sources privy to the development said that the company is seeking an urgent hearing on the matter.

Artificial intelligence (AI) and data science company Tredence on Wednesday announced the expansion of its operations in India. The company plans to hire 1,500 new employees, increasing its workforce by 60 per cent from 2,500 to 4,000 employees by mid next year.

As part of its growth and diversification strategy in India, the company recently opened two new AI delivery centres in Pune and Kolkata, in addition to upgrading its facilities in Bengaluru and Chennai.

US President Joe Biden, under pressure from fellow Democrats to drop his re-election campaign, tested positive for Covid-19 while visiting Las Vegas on Wednesday and is self-isolating after experiencing mild symptoms, the White House said.

White House press secretary Karine Jean-Pierre announced the positive test for the 81-year-old Democrat after Biden cancelled a speech due to the diagnosis.

US Vice President Kamala Harris has called for rejecting political violence and said that the country must also "embrace" a "robust discussion" about what is at stake in the upcoming presidential election.

Americans will go to the polls to elect their next president in November.

The hallmark of American democracy, the hallmark of any democracy is a strong competition of ideas, policies, and a vision for the future.

Succumbing to mounting criticism from industry and facing questions from within the Congress party, the Karnataka government on Wednesday evening announced that it was putting on hold its move to reserve private sector jobs for Kannadigas.

Karnataka CM Siddaramaiah said the Bill is still at its preparatory stage. In a post on X, he said a final decision will be taken after comprehensive discussion in the next cabinet meeting.

As a part of its merger with Vistara, Air India on Wednesday announced a voluntary retirement scheme (VRS) for its permanent ground staff.

Vistara, a 51:49 joint venture of the Tata Group and Singapore Airlines, is scheduled to merge into Air India by the end of this year. An Air India executive said the merged entity would need fewer ground staff and therefore, the “optimisation” process has been initiated.

Self-styled godman Bhole Baba said Wednesday that he is very disturbed by the Hathras stampede but nobody can avoid what is destined and everyone has to die one day.

Honee ko kaun taal sakta hai (nobody can avoid what has to happen), he told PTI Videos, a fortnight after 121 people died in a stampede at a 'satsang' held by him.

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