Today's #MintMetric by Bibek Debroy!

#PersonalFinance | When you opt for the composition scheme, you pay tax at a flat rate. The flat tax rate for services businesses, goods vendors & restaurants is 6%, 1% & 5%, respectively.

Hanish S., CA, & partner, HSKA and Associates, said flat rate for goods businesses is lower compared to services as the former has relatively lean margins. “It’s not a case of preferential treatment," he said.

Read here: https://www.read.ht/Rd8G

#PersonalFinance | Building a portfolio is a complex exercise, & it has to be maintained too. One must keep in mind the volatility risk of the asset class, liquidity, lock-in rules & taxation.

Here's a look at how four commonly used asset types - equity, cash, gold & fixed income - have done in different periods.

#Amazon acquired livestreaming platform #Twitch is set to #layoff at least 500 employees, or about 35 per cent of their staff, a report by Bloomberg, quoting people familiar with the developments said.

The latest layoff joins the list of job cuts in the company.

Read here: https://www.read.ht/Rdjq

Burman vs Religare: Sebi kicks off probe | Capex plans to cool after FY25 as govt chases deficit goal | Inverted duty structure likely to get a budget fix

Read today's Mint e-paper here: https://epaper.livemint.com

#MintCharts | In recent years, India has consistently been a significant contributor to the tourist influx in the #Maldives, making it one of the top preferred vacation spots.

In the first 11 months of 2023, India was the second-largest source of tourists for the island nation, with 183,371 visitors during the period, latest available official data shows.

Today's #MintMetric by Bibek Debroy!

Infosys co-founder Narayana Murthy and wife Sudha Murty's published biography 'An Uncommon Love: The Early Life of Sudha and Narayana Murthy' has been the source of many an anecdotes of the billionaire businessman.

https://www.livemint.com/companies/people/narayana-murthy-was-bonus-dad-to-akshata-murthy-reveals-an-uncommon-love-the-early-life-of-sudha-and-narayana-murthy-11704852889998.html

#PersonalFinance | Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens who are looking for guaranteed income, but also among investors who can't stomach risks.

Here is a list of banks that offer the highest FD rates for deposits up to ₹1 crore over various tenures.

How to choose a good financial advisor. If you're DIY, how to access the right resources.

Access the exclusive virtual sessions with Neil Borate on 16th January at 8 pm. 🕗

Registration Link: https://docs.google.com/forms/d/12UtnpETlltK9vnDIpvmqLVWpSUaQAAabbi1tzm5aIVs/viewform?edit_requested=true

#Amazon said it will lay off several hundred employees in its Prime Video and Amazon MGM Studios.

Read more: https://read.ht/Rdvy

Canada has claimed the top spot in Berkshire Hathaway Travel Protection's 'Safest Places' report, thanks to its cold weather and low population density. This is a sharp five-spot rise from the 2023 report when it ranked sixth in the same list.

Read more: https://www.read.ht/Rdwf

Budget to focus on 5 key social segments | Zerodha entry lifts BSE’s options game | Food processing likely to see budget cut as utilization falls

Read today's Mint e-paper here: https://epaper.livemint.com

#MintCharts | In 2019, Thailand and Japan received about twice as many visitors as India, Vietnam had nearly the same number, and China welcomed a whopping 65 million tourists.

#India has 42 cultural & natural properties identified as Unesco World Heritage Sites, the sixth most in the world. But it lags behind the top countries on the list in terms of tourism: Mexico and the UK, for instance, draw far more visitors than India does.

#TCSQ3Results | #TCS reported a net profit of ₹11,432 crore in the September quarter, registering a growth of 8.7%, compared to ₹10,431 crore in the corresponding period last year.

Catch live updates here: https://www.read.ht/ReJp

IT major #Infosys, posted a consolidated net profit of ₹6,106 crore, down over 7% from ₹6,586 crore in the year-ago period.

Its consolidated revenue was flat, up just 1.3% to ₹38,821 crore versus ₹38,318 crore in the same period last year.

Read here: https://www.read.ht/ReLP

#Microsoft overtook #Apple as the world's most valuable company on Thursday after the iPhone maker began 2024 with its worst start in years due to growing demand concerns.

Read here: https://www.read.ht/ReQN

#MintCharts | A recent study by Oxford Economics, commissioned by Uber, revealed that ride-hailing services have enabled a significant number of women in Indian metros, with 29% in Mumbai and 52% in Chennai, to join or become full-time workers, projecting a potential 4% to 6.9% increase in the female labour force in five major cities by 2028.

Today's #MintMetric by Bibek Debroy!