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Business News Live Updates: Your Source for Real-Time Business Insights

Stay informed with real-time updates on the most significant happenings in the world of business, the stock market, and beyond. Our platform is dedicated to bringing you the latest developments, ensuring you are always at the forefront of current events.

Key Insights Featured on December 12, 2024

Income Tax Act Restrictions

Latest news on December 12, 2024: The Income Tax Act’s section 269 ST prohibits cash receipts of over ₹2 lakh from any person. (ANI photo)

On December 12, 2024, an essential legislative update revealed that section 269 ST of the Income Tax Act prohibits accepting cash receipts exceeding ₹2 lakh from any individual. This measure aims to curb black money and promote transparency in transactions.

Business Surveillance: Stay Connected to Industry Leaders

Our continuous coverage extends to prominent figures like Bill Gates, Elon Musk, Mukesh Ambani, and Gautam Adani. Whether you are looking to track the latest stock trends or stay updated on fluctuations in gold and silver prices, our updates ensure you remain well-informed.

Disclaimer: This content is generated by AI and has not been reviewed by the Hindustan Times editorial team.

Current Highlights and Expert Opinions

Lower Tax Rate for Manufacturing Co-ops

Time: 2:05 PM IST
Update: Amit Shah confirms plans for a lower tax rate for manufacturing cooperatives. Additionally, milk cooperatives can receive cash payments beyond ₹2 lakh, especially during bank holidays for milk pricing.

Stagnant Salaries Amid Rising Private Sector Profits

Time: 11:48 AM IST
Update: A recent report indicates that while private sector profits have quadrupled over the last four years, worker salaries have remained stagnant, greatly affecting purchasing power and living standards.

Amazon’s New Target: Social Media Influencers

Time: 11:10 AM IST
Update: Amazon is refining its marketing strategy by focusing on collaborations with social media influencers on platforms such as Instagram, YouTube, and TikTok to enhance product reviews and customer engagement.

Nvidia Expands Hiring in China

Time: 10:47 AM IST
Update: Nvidia has announced an increase in hiring within its Beijing offices, focusing on bolstering its team dedicated to self-driving technology with approximately 200 new positions.

AI Adoption in Indian Companies on the Rise

Time: 10:30 AM IST
Update: According to an IBM study, 60% of organizations in the Asia-Pacific region anticipate returns on AI investments within 2-5 years, highlighting a growing trend toward incorporating AI into long-term business strategies.

Today’s Gold and Silver Prices

Time: 10:15 AM IST
Update: As of today, the price for 10 grams of 24-carat gold in Delhi stands at ₹79,653. The silver price is recorded at ₹98,500 per kilogram.

Upcoming ATM Feature for PF Withdrawals

Time: 8:54 AM IST
Update: The Labour Ministry announced that starting in 2025, employees will have the option to withdraw their Provident Fund (PF) directly from ATMs, marking a significant improvement in accessibility for the workforce.

Elon Musk’s Wealth Surges

Time: 8:48 AM IST
Update: An insider deal at SpaceX led to a remarkable $62.8 billion single-day increase in Elon Musk’s wealth, marking a historic milestone as the total wealth of the world’s 500 richest individuals surpassed $10 trillion for the first time.

The Role of AI legalese decoder in Business Updates

In a rapidly evolving business environment, understanding legalities and ensuring compliance can be daunting. This is where the AI legalese decoder comes into play. By simplifying complex legal jargon, the tool allows business professionals to easily interpret regulations such as the updates from the Income Tax Act.

For instance, as businesses navigate new cash transaction limits, the AI legalese decoder can clarify the implications of these laws, helping you to ensure compliance and avoid potential penalties.

Furthermore, for companies considering shifts towards AI, the legalese decoder can help to outline legal responsibilities and rights associated with AI implementation, thus informing strategic decisions for stakeholders.

Stay tuned for more updates as we continue to provide you with all the essential news and insights from the corporate world!

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