Nebius was founded by Arkady Volozh, former founder and CEO of Yandex. Volozh said the $700 million financing would give Nebius additional firepower to build clusters of graphics processing units (GPUs), cloud platforms and other tools for AI developers faster…
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He added that discussions will start soon to finalise the timing, the stake sale quantum and the minimum price (floor price) in keeping with Sebi rules. Both the Department of Telecommunications (DoT) and the finance ministry will be involved in…
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GST authorities have booked tax evasion cases against 17 cryptocurrency exchanges, amounting to Rs 824.14 crore. This includes Rs 722.43 crore against Nest Services Ltd, a Binance Group Company. Rs 122.29 crore has been recovered as penalty, interest, and taxes.…
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A Group of Ministers (GoM) may seek a three-month extension to conclude discussions on the future of the GST compensation cess beyond March 31, 2026. The GoM, which includes members from ten states, has various unresolved issues including the handling…
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Two advisory firms, SES and IiAS, recommend shareholders vote against Gautam Singhania’s appointment as Raymond Lifestyle executive chairperson, citing concerns over his prior appointment approval, remuneration policies, and potential reputational risks. Singhania’s multiple roles, open-ended remuneration, and ongoing personal legal…
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The ministerial panel led by Bihar deputy CM Samrat Chaudhary has discussed a proposal to do away with GST on term life insurance, while also removing the indirect tax on health insurance covers up to Rs 5 lakh and those…
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