FTC allows individual taxpayers to claim a credit in India for taxes paid in a foreign jurisdiction on the same income, thereby reducing the tax payable in India.
Stock market crash today: Nifty50 and BSE Sensex dropped in trade on Friday as US-Iran war tensions and crude oil prices continued to weight on sentiment. While Nifty50 went below 22,850, BSE Sensex was down almost 1,700 points.
A cricket fan was initially denied entry to the Sheffield Shield final for wearing a "Free Imran Khan" T-shirt, but Cricket Australia later reversed the decision. Authorities clarified that support for the jailed former Pakistan captain is considered a humanitarian issue, not a political one, allowing fans with similar messages entry.
Former India all-rounder Irfan Pathan advocates for a bold Delhi Capitals opening pair, backing Prithvi Shaw to join KL Rahul. Pathan lauded Rahul as a consistent run-scorer and believes Shaw, returning after a strong domestic season, has a point to prove. He cautioned Shaw against self-imposed pressure, urging focus for a successful comeback.
The government has imposed export duties on diesel and turbine fuel to boost domestic availability and energy security, estimating Rs 1,500 crore in revenue. Simultaneously, special excise duties on petrol and diesel were reduced to shield consumers, keeping retail prices stable amid global oil supply concerns.
The Delhi Subordinate Services Selection Board (DSSSB) has released Tier-I examination marks for Post Code 802/23 (3,050 vacancies) and Assistant Section Officer (ASO) Post Code 101/23 (13 vacancies). Candidates for 802/23 are shortlisted for a Skill Test, while ASO applicants will proceed to Tier-II. Marks are available on the DSSSB online portal.
Saalumarada Thimmakka, a humble labourer from Karnataka, transformed personal sorrow into a remarkable environmental legacy. She and her husband planted and nurtured 384 banyan trees along a highway, creating a vital green corridor.
Apart from crude oil disruptions, the supply of LPG and LNG have also been hit. India imports a big portion of its LPG and LNG needs and has been looking to step up procurement from alternative sources.
X, formerly Twitter, has seen fresh layoffs, including its chief marketing officer, as Elon Musk prepares SpaceX for a potential IPO. Over 20 non-technical staff were cut following the merger of X, xAI, and SpaceX. Remaining employees are now focused on cost-cutting and revenue growth, with a new chief revenue officer appointed to boost ad sales and AI enterprise business.
Shaquille O’Neal shut down viral claims that he sent inappropriate DMs to Sabrina Carpenter, calling the screenshots fake and mocking their tone on his podcast. The incident highlights how quickly misinformation spreads online. Away from the rumors, O’Neal has also reflected on his personal life, openly admitting mistakes in his past marriage and sharing lessons on honesty, responsibility, and growth.
Microsoft has paused hiring for most teams outside its AI division, including cloud and sales, to control costs before its fiscal year ends. This move, impacting non-AI roles, follows significant AI infrastructure investments and a broader HR restructuring. The company is prioritizing AI development while trimming other expenses, awaiting returns on its substantial AI bets.
A new trend of painkiller-infused ice cream, reportedly from the Netherlands, is raising serious concerns among doctors. Experts warn of dosage dilemmas, potential for medication-overuse headaches, and questionable drug absorption. They emphasize that headaches require personalized treatment, not quick fixes, and advise against such unorthodox methods, urging consultation with medical professionals for proper diagnosis and care.
