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Business

AI Boom Spurs Corporate Profits but Reduces US Tax Revenue

The AI boom has driven a $1.2 trillion, 30% rise in American pre-tax corporate earnings over the past year, with S&P 500 companies exceeding forecasts. However, US tax revenue from corporate profits has sharply declined due to increased write-offs on AI infrastructure investments by tech giants. This trend may disrupt global tax systems despite AI's potential to boost economic growth and reduce debt-to-GDP ratios long-term.

HT World·4h ago

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Sports

Herschelle Gibbs Criticizes Rohit Sharma's Century Celebration

In India's second ODI against West Indies, Rohit Sharma celebrated his century with a unique jump that sparked curiosity. However, South African cricket great Herschelle Gibbs called the celebration a "stinker" on social media and said he would message Rohit about it. Rohit declined to explain the meaning, saying it was personal and not meant to be shared. Teammate Ravindra Jadeja had suggested a slide-and-jump celebration, which Rohit did not consider.

NDTV Cricket·59m ago

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Business

Women in Amethi Start Havan Samagri Business with ₹4-5K Investment

In Amethi, women from a self-help group have started a business making traditional havan samagri using cow dung and 31 types of herbs. They received training and now run their own enterprise. Raw materials like cow dung are freely available in villages, while other ingredients require an initial investment of ₹4-5 thousand. The finished product is packed and sold in the market, providing a steady monthly income.

News18Hi Business·18m ago·Amethi

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Business

Honda Elevate Facelift Launches First in India with New Features

Honda Cars India is set to launch the facelifted Honda Elevate SUV in the Indian market first. The updated model will feature not only exterior design changes but also several new interior features. This launch marks India's debut for the refreshed Elevate, aiming to attract buyers with its enhanced look and upgraded amenities.

Aaj Tak·26m ago

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Politics

Married Daughter Denied Father's Land Patta Under Nautor Rules

Mina Ram received agricultural land in Shimla under Himachal Pradesh's Nautor rules in 1972, but the official land document (patta) was never signed. After his death in 1990, his wife Sewati Devi also failed to get the patta signed. When their daughter applied after Sewati's death in 2012, officials refused, citing that married daughters cannot inherit land under Nautor rules, despite her legal claim under the Hindu Succession Act.

Economic Times·52m ago·Shimla

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Business

PB Fintech Shares Fall 50% Below 2021 IPO Price Amid Regulatory Concerns

PB Fintech shares have dropped 50% from their peak, falling below the 2021 IPO price of Rs 980. This sharp decline over six days follows proposed regulatory curbs by IRDAI on insurance distribution. Brokerages including Bernstein and Jefferies have lowered their target prices due to concerns over earnings pressure caused by these regulatory changes.

ET Markets·49m ago

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