Avengers: Infinity War Records Biggest Global Opening of All-Time

April 30, 2018

Avengers: Infinity War has broken several records since its release on Friday, including both the US and worldwide box office collections in the opening weekend. In India, the latest Marvel team-up had the biggest opening weekend for a Hollywood film, and has become the highest-grossing Hollywood film of 2018. Infinity War opened to $250 million (roughly Rs. 1,659 crores) in the US, beating Star Wars: The Force Awakens by just…

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EPFO Revises Rules For Submission Of PF Withdrawal Claim

April 30, 2018

Highlights Earlier, EPFO was accepting PF claims over Rs. 10 lakh online only Decision was revisited in a meeting chaired by EPFO CEO Dr VP Roy An employee’s 12% contribution goes towards the EPF basket Retirement fund body Employees’ Provident Fund Organisation (EPFO) recently revised rules on submission of provident fund (PF) claims over Rs. 10 lakh. If the settlement amount of your PF claim is over Rs. 10 lakh,…

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GST alert: Soon, cashbacks to businesses, price benefit to customers for digital transactions

April 30, 2018

The government is working on a proposal to incentivise digital transactions by providing cashbacks to businesses and price benefits to consumers, a source said. As per the proposal being worked out by the Revenue Department, consumers paying through the digital mode would be offered a discount over the maximum retail price (MRP). The discount would be capped at Rs 100. Businesses, on the other hand, could get a cashback based…

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Why JioPhone is bad news for Indian smartphone industry

April 30, 2018

In November 2016, Reliance Jio shook up the telecom industry when its founder, Mukesh Ambani announced to the world plans of introducing an ultra-affordable smart feature phone for the almost 50 crore 2G users in the country. Talking about his vision, he had explained that Jio was planning to introduce a feature phone with 4G capabilities for as little as Rs 1,000. Later, reports suggested that the phone could make it to the…

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