Technology

Musk to Tesla employees: ‘Our stock will immediately get crushed like a souffle under a sledgehammer!’ if we don’t control costs

Elon Musk, CEO of Tesla, speaks to media representatives at the Tesla Gigafactory construction site In Grünheide near Berlin, September 3, 2020. Julian Stähle | picture alliance via Getty Images Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they need to control their spending in order to continue squeaking […]

Finance

Nabard to offer 18 months refinance to smaller NBFC, MFIs under special liquidity scheme

A four-fifth of the smaller microfinance firms will be eligible to get special refinance assistance through the Reserve Bank of India-created dedicated liquidity window. This would help them to bridge the cash flow mismatches they might have over the next 18 months. The National Bank for Agriculture & Rural Development (Nabard), which received the Rs […]

Finance

Income Tax Department to intimate taxpayers under scrutiny about faceless assessment

NEW DELHI: The income tax department will soon start sending out intimation to assessees undergoing scrutiny that such cases would now be handled under faceless assessment, a tax official said on Friday. CBDT Additional Commissioner Jaishree Sharma also said that domestic transfer pricing cases too will be covered under the faceless assessment mechanism. Asked whether […]