The Mega Millions jackpot has soared to $1.15 billion, making it the fifth-largest prize in the game’s history ahead of the drawing on Friday, December 27, 2024, at 11 p.m. ET. However, the amount you take home depends on your payout choice and the taxes you owe. Federal Taxes on Lottery Winnings Lottery winnings are subject to federal taxes. While 24% is automatically withheld upfront, winners w

In a shift of political support, major US business leaders and companies are lining up to donate substantial sums to Donald Trump’s 2025 inaugural committee, following his landslide victory. Corporate America, which largely supported Kamala Harris and the Democratic agenda in the 2020 presidential race, is now keen to strengthen ties with the incoming Republican administration. With some of the largest donations coming from figures like Meta’s Mark Zuckerberg, OpenAI’s Sam A

The NDA-led government of Andhra Pradesh is making significant strides in inviting global investments to the state. A major milestone was reached today with the signing of a Memorandum of Understanding (MoU) between the government of Andhra Pradesh and Google, marking the beginning of a strong partnership. The MoU focuses on establishing an AI Data Center in Vizag, which will be operated by Google Cloud. This confirms Google's entry into Andhra Pradesh as part of its tech expans

The increasing integration of technology into workstreams is reshaping traditional job roles, with AI, machine learning, and analytics leading the charge. According to a recent report by Indeed and Nasscom, cybersecurity has emerged as the second-most sought-after domain, surpassing cloud technology. The report identifies the top five in-demand job roles as data scientist/analyst, AI/ML expert, cybersecurity specialist, cloud architect/engineer, and DevOps engineer. HR leaders empha

India's foreign exchange reserves saw an increase to $658.1 billion for the week ending November 29, according to the Reserve Bank of India (RBI). This rise followed an eight-week decline, with a $1.5 billion increase from the previous week. In comparison, the reserves had dropped by $1.31 billion in the prior week, reaching $656.58 billion. Foreign investors have invested Rs 1.75 lakh crore into India's debt and equity markets in 2024. However, the month of November witness

Despite warnings from Chief Minister N Chandrababu Naidu, MLAs from the ruling coalition in Andhra Pradesh are reportedly continuing to interfere in liquor and sand businesses. Complaints of intimidation and demands for commissions from business owners have been flooding in, despite Naidu's instructions to refrain from such activities. The new excise policy has also been marred by controversies, with allegations of MLAs obstructing businesspeople from participating in the tender process f

Gold prices have been on a downward trend since the US presidential election, with December future contracts opening lower on MCX. The price of gold fell by 0.37% to Rs 76,369 per 10 grams, while silver prices also dropped by 0.24% to Rs 90,601 per kg. In the last two days, gold prices have plummeted by Rs 2,100 per 10 grams and silver prices by Rs 4,050 per kg. According to the India Bullion and Jewellers Association Ltd (IBJA), the current prices for different carats of gold are a

At the NVIDIA AI Summit in Mumbai on October 24th, NVIDIA announced a strategic partnership with Reliance Industries to build India’s largest AI infrastructure. The collaboration will leverage NVIDIA’s powerful GB 200 supercomputer to establish scalable AI capabilities. With this move, Reliance aims to revolutionize the AI landscape in India, similar to how Jio transformed mobile data accessibility. Following Jio’s data success, Mukesh Ambani is now focusing on AI

In the latest quarterly earnings report, Hindustan Unilever has announced a 2% decrease in profit for the second quarter, raising concerns among investors and analysts about the company's performance amid challenging market conditions. This decline prompts a closer look at the underlying factors affecting the company's profitability and its future strategies to regain momentum. On a brighter note, Thyrocare has reported a remarkable

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

In a decisive move to safeguard citizens' sensitive information, the Indian government has blocked several websites found to be exposing personal identifiable information, including Aadhaar and PAN Card details. This action follows a report from the Indian Computer Emergency Response Team (CERT-In), part of the Ministry of Electronics and Information Technology, which identified significant security flaws on these sites. The official statement highlighted the government's co

Heritage Foods Ltd. has ambitious plans to elevate its ice cream business revenue to ₹700 crore over the next five years, as stated by CEO Srideep M Kesavan. This growth strategy is anchored by the establishment of a new manufacturing plant in Telangana, which aims to enhance production capacity significantly. Kesavan emphasized that this investment will enable the company to ramp up its annual revenue from approximately ₹110-120 crore to an impressive ₹650-700 crore. Highligh

E-commerce giant Amazon has appointed Samir Kumar as the new Country Manager for India, effective October 1, following the resignation of Manish Tiwary. Kumar, a 25-year veteran of Amazon, will take over operational responsibilities while continuing to lead consumer businesses in the Middle East, South Africa, and Turkey. This leadership transition comes as Amazon emphasizes the significance of the Indian market in its global strategy. Kumar joined Amazon in 1999 and played a pivota

Vehicle recalls are a significant challenge for auto manufacturers, often carrying substantial financial repercussions. While recalls are necessary to ensure consumer safety and compliance with regulations, they can also lead to direct and indirect costs that affect a company's bottom line, reputation, and long-term viability. Here’s an examination of the financial impact of vehicle recalls on auto manufacturers. 1. Direct Costs of Vehi

Automotive companies are facing a rapidly changing landscape as consumer preferences evolve in response to technological advancements, environmental concerns, and shifting lifestyles. To remain competitive, automakers are adapting their strategies, product offerings, and business models to meet these new demands. Here’s how automotive companies are responding to changing consumer preferences. 1. Embracing Electric Vehicles (EVs) and Sustain

The rise of subscription-based car ownership models is transforming the way people access and use vehicles, offering an alternative to traditional car ownership and leasing. This model provides consumers with the flexibility to switch vehicles, avoid long-term commitments, and enjoy a range of services bundled into a single monthly fee. As lifestyles change and the demand for convenience grows, subscription-based car ownership is becoming an increasingly attractive

Global trade policies play a critical role in shaping the automotive sector, influencing everything from production costs and supply chains to market access and competitiveness. As the automotive industry is deeply interconnected and relies heavily on global supply chains, changes in trade policies can have far-reaching consequences. Here’s an exploration of how global trade policies impact the automotive sector and the challenges and opportunit

The automobile industry, long a pillar of global manufacturing and economic growth, is undergoing profound disruptions that are reshaping its future. These disruptions, driven by technological advancements, changing consumer preferences, and global economic shifts, are challenging traditional business models and forcing automakers to adapt or risk obsolescence. Here’s a look at the key disruptions currently impacting the automobile industry.

Artificial Intelligence (AI) is transforming modern vehicle manufacturing, driving efficiencies, enhancing quality, and enabling the creation of more sophisticated and innovative vehicles. As the automotive industry evolves, AI is becoming integral to nearly every aspect of the manufacturing process, from design and production to quality control and supply chain management. Enhancing Design and Development AI pla

Sustainability in the automotive sector has become a crucial focus as the industry seeks to balance economic growth with environmental responsibility. With transportation being a significant contributor to global greenhouse gas emissions, automakers are under increasing pressure to adopt sustainable practices throughout the entire vehicle lifecycle, from design and manufacturing to end-of-life disposal. Green Manufacturing Practices