Boeing is stuck in space, Volkswagen’s rough ride, and American Airlines’ woes: Business news roundup
13 Jul
Business News

Boeing is stuck in space, Volkswagen’s rough ride, and American Airlines’ woes: Business news roundup

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Business new tamfitronics Photo: Courtesy of American Rounds, Jaque Silva/SOPA Images/LightRocket via Getty Images (Getty Images), Joel Kowsky/NASA (Getty Images), Scott Olson (Getty Images), Image: Thierry Monasse / Contributor (Getty Images), Jack Dempsey (AP), Joe Raedle (Getty Images), Screenshot: AlexBurkeDrone on YouTubePhoto: Courtesy of American RoundsA company is rolling out ammo vending machines in grocery stores across the U.S., with six already in operation.American Rounds installed its first Automated Ammo Retail Machine (AARM) in a Fresh Value grocery store in Pell City, Alabama in November, it told Quartz. It has since installed four in Oklahoma and one in Texas, with plans for more in Texas and Colorado. Read MoreA mass brawl broke out midair on Ryanair flight to London on July 3. Image: Thierry Monasse / Contributor (Getty Images)A mass brawl involving two families on...
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Microsoft ditches OpenAI board observer seat
13 Jul
Business News

Microsoft ditches OpenAI board observer seat

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Business new tamfitronics Reuters / Updated: Jul 11, 2024, 05:28 ISTAAText SizeSmallMediumLarge Microsoft has given up its board observer seat at OpenAI in a move aimed at easing US and UK antitrust regulators' concerns about the extent of its control over OpenAI. But the change was unlikely to resolve concerns by the US FTCa source at the agency said.End of ArticleFOLLOW US ON SOCIAL MEDIABusiness new tamfitronics Visual Stories Hot PicksTOP TRENDING
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NPCI to roll out credit line option on UPI
13 Jul
Business News

NPCI to roll out credit line option on UPI

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Business new tamfitronics MUMBAI: The National Payments Corporation of India, on the rails of the UPIis set to introduce a new product which will function like a credit card.RBI has allowed banks to offer credit lines to customers through UPI. Several banks, including Axis, HDFC, ICICI, Indian Bank and PNB, are live on this product. The credit line to customer is a product where the customer gets a fixed credit line and pays interest to the bank only to the extent they use their credit limit.The new credit feature on UPI allows customers to make purchases without immediately seeing any funds outgo from their accounts.The payments take place at the end of a cycle and can only be made to shops, with the shopkeeper bearing the cost of credit in terms of fees....
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Startups seek tax sops available to manufacturing sector
13 Jul
Business News

Startups seek tax sops available to manufacturing sector

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Business new tamfitronics MUMBAI: Startups are seeking tax incentives for the sector in the upcoming Budget. The industry, for instance, is batting for similar benefits which have been extended to the manufacturing sector. "Manufacturing companies benefit from lower tax rates to boost activities in line with the 'Make in India' initiative. Similar tax incentives should be considered for startups, especially those working to strengthen the Digital India initiative.Startups invest heavily in R&D and tech infrastructure. Incentives such as weighted tax deductions and subsidies for R&D employee costs would significantly promote R&D activities in the startup ecosystem and create more employment opportunities," said Arpit Chug, CFO at Razorpay.Easing Esop (employee stock ownership plan) taxation for startups would go a long way in helping companies retain talent, said Mayank Kumar, co-founder & MD at UpGrad....
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