The uproar over TCS or tax collected at source for international credit or debit card transactions has finally subsided after the Indian finance ministry clarified that there will not be any TCS on spending up to Rs 7 lakh ($8,470).

Need more clarity on taxing international spending of over Rs 7 lakh: Bankbazaar CEO

Just months after authorities in the United States sued Binance for "illegal” exchange and a “sham” compliance programme, more trouble seems to be brewing for the world's largest cryptocurrency platform.

Binance commingled customer funds and company revenue, says report; company denies claims

Egypt finds itself in a race against time as it strives to resolve its currency dilemma while pursuing much-needed financial assistance from Gulf countries and the International Monetary Fund (IMF).

Egypt's IMF package faces challenges as devaluation concerns weigh on economy

In a rapidly evolving tech landscape, the competition between Microsoft and Google has reached new heights as both companies strive to revolutionize the way people search for information.

Microsoft vs Google: The Artificial Intelligence battle heats up

In a significant blow to Zimbabwe's economy, the country's dollar experienced a sharp decline of 26 percent during Tuesday's foreign-exchange auction, a Bloomberg report said.

Zimbabwe's dollar plummets 26% as calls to loosen currency controls intensify

In a remarkable turnaround, the public sector banks in India have scripted an inspiring tale of financial success. Cumulative profits of PSBs have crossed the ₹1 lakh crore-mark in the fiscal year ending March 2023.

The Turnaround Story of India's Public Sector Banks

In a sudden development, the Reserve Bank of India on Friday announced the withdrawal of 2,000-rupee notes. India's central bank said that the move is a part of its 'clean note policy', which entails the withdrawal of soiled notes in circulation.

India withdraws 2,000-rupee notes: Why the decision won’t have major impact on economy

Russian President Vladimir Putin on Wednesday said the country decided to cut crude production to support global oil prices. Speaking during a government meeting, Putin also assured the world that the oil situation remains stable.

'Situation stable': Vladimir Putin backs Russia's oil production cuts

US regional bank stocks soared on Wednesday after Western Alliance Bancorp reported a deposit growth of over $2 billion since April. Earlier in the year, the US banking system, especially its regional banks, came under pressure after the collapse of the Silicon Valley Bank, Signature First Bank and First Republic Bank.

Regional bank stocks soar: Is the US banking crisis ending soon?

India is likely to challenge the European Union's (EU) proposed carbon tax at the World Trade Organization (WTO), citing concerns over the potential impact on its economy, a Reuters report has said.

India plans to challenge EU carbon tax at WTO: Report

Ghana on Wednesday secured a $3 billion bailout from the International Monetary Fund (IMF), as per a Reuters report. "Congratulations to President @NAkufoAddo & his team on the $3 billion IMF-supported program approved by our Executive Board.

IMF comes to Ghana's aid with $3 billion loan

Electric vehicle manufacturer Tesla is about to embark on a new marketing adventure. During the automaker's annual shareholder meeting on Tuesday, CEO Elon Musk revealed that Tesla, known for its unconventional marketing methods, is preparing to adopt traditional advertising.

Elon Musk's 'ad-venturous' spirit: Tesla's unconventional approach takes a new turn

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