Day: October 1, 2020

Palantir co-founder explains why he’s proud to stick with the US against China and work with ICE

Big data consultancy firm Palantir (PLTR), which got its start 17 years ago as a private company contracting with government agencies on often secretive projects, finally became a publicly traded company Wednesday via a direct listing on the New York Stock Exchange.

In its debut, shares opened for trading at $10 to value the company north of $20 billion on a fully diluted basis. Now, the uniquely private company begins a new chapter under the lens of the public eye which could invite new criticism over the way it uses its technology. Only recently did Palantir finally

GST relief for taxpayers: Govt postpones mandatory e-invoicing; check new deadline

The penalty is subject to waived if the Invoice Reference Number (IRN) for such invoices is obtained from the Invoice Reference Portal (IRP) within 30 days of the date of the invoice.

In a major relief for GST taxpayers, the government today announced to postpone the initial phase of implementation of e-invoice till November 2020. The government had earlier notified that taxpayers having an aggregate turnover of Rs 500 crore and above would be required to issue e-invoice from 1 October 2020. It has been reported that even after more than nine months of the first notification, some of such

UPI payments beat last year figure amid pandemic: clock Rs 3.29 lakh crore transactions in September

Since its inception in 2016, the UPI payments have grown multitudes, majorly pushed by Prime Minister Narendra Modi’s demonetisation move in November 2016.

The Unified Payments Interface (UPI) transactions have achieved a fresh milestone and have beaten last year numbers even while the economy is being ravaged by the coronavirus pandemic. The total worth of transactions stood at Rs 3.29 lakh crore in September 2020. The number of transactions stood at 180 crore for the period under review, according to National Payments Corporation of India (NPCI) data released on Thursday. The transactions were higher by over 10 per cent from