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If you are planning on international travel from India post-June, then get ready to have 20% more cashflow than your actual budget. This is because the Indian government is now levying 20% tax collected at source (TCS) on every transaction you make overseas via whatever method.

A late-night notification on Tuesday, May 16, by the Union Finance Ministry brought credit card payments overseas under the Liberalised Remittance Scheme. It means that Indian credit card transactions made abroad will now be costlier as users will have to pay a steep 20% tax collected at source (TCS).

On January 19, 2023, the US government hit its $31.38 trillion debt ceiling and since that it has not been has since been unable to borrow more money. America may default on some debts unless the US Congress votes to lift the debt ceiling of the country.

Twitter has got a new CEO and it's not Elon Musk's Shiba Inu Floki. Linda Yaccarino has been confirmed as the new CEO of Twitter. Musk made the announcement with a tweet saying that Yaccarino will be focusing on the business side of Twitter's operations while he focuses on product design and new technology.

Google's parent company Alphabet's new filing showed that CEO Sundar Pichai was paid nearly $226 million in 2022. The massive earning by Pichai came even as Google laid off some 12,000 employees from its global workforce.

Twitter is reportedly valued at less than half of what Elon Musk paid to take over the company in October 2022. In an email to employees at Twitter, Musk reportedly estimated the company's valuation at $20 billion; while he had paid $44 billion only about 6 months ago.

The banking sector seems to be hit by a pandemic. The crisis so far has been mostly contained to the US, and the European market. After the collapse of two US banks - Silicon Valley Bank (SVB) and Signature Bank - another bank, Credit Suisse, is facing a financial crisis.

Over the weekend, you must have heard of a bank crash in the US. By Monday, there was news of another bank crashing. While the collapse of two banks - Silicon Valley Bank and Signature Bank - has turned the market in the US upside down, here's how the story is unravelling in India.

Shark Tank Season 2 has been winning over audiences much like its predecessor. But with fan-favourite judge and BharatPe founder Ashneer Grover not included in the judging panel, some fans grew disappointed when the season debuted early this year. Now, another talking point around it is the current financial status of its judges and their companies. 

Adani Enterprises on Wednesday announced the withdrawal of its Rs 20,000-crore follow-on public offer (FPO) hours after shares of Adani Group of companies saw a huge crash on Wednesday, triggering volatility in the share market.