Monday, July 29, 2024

Removal of angel tax for startups to help attract investors: Piyush Goyal

Angel tax (income tax at 30% rate) was imposed on funding raised by unlisted companies, or startups, if their valuation exceeded the company's fair market value.

from Tech-Economic Times https://ift.tt/9CVn3Dq

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Elon Musk's Tesla, SpaceX launch Terafab chips project; here's all you need to know

The project envisages setting up space-based AI computing, enabled by solar-powered satellites that could host data centres in orbit. From 1...