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In 2 years, income tax payers to start getting refunds within 24 hours

The revenue department will put in place within two years a mechanism to ensure that all returns are processed within…

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Posted in Finance

India considers prepaid power as $5.7 billion of unpaid dues pile-up

India’s power retailers may need to start paying in advance for their electricity purchase in a bid to ease financial…

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Apple names third retail chief in seven years for post-iPhone era

Apple named its third retail chief in seven years, seeking to shake up store operations for a new era in…

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Posted in Finance

Microsoft invests in ‘Boring AI’ startup valued at $2.75 billion

Databricks, which says it makes software to help companies satisfy their “boring AI” needs, raised a new round of funding…