Paramount Layoffs: Paramount Global Announces 3.5% Layoff Amid Cable TV Subscriber Decline, ETHRWorld
Industry
1 min read
Paramount to lay off 3.5% of US staff in latest job cut, memo shows
The layoff was communicated to its staff on Tuesday morning and it could affect some non-U.S. workforce over time, the memo from the office of the company's three co-CEOs showed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Print
7 hours ago
- The Print
India's forex reserves jump USD 5.17 bn to USD 696.65 bn
Forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. The overall reserves had dropped by USD 1.237 billion to USD 691.485 billion for the week ended May 30. Mumbai, Jun 13 (PTI) India's forex reserves increased by USD 5.17 billion to USD 696.65 billion for the week ended June 6, the RBI said on Friday. For the week ended June 6, foreign currency assets, a major component of the reserves, rose by USD 3.47 billion to USD 587.68 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves were up by USD 1.58 billion to USD 85.88 billion during the week, the RBI said. The Special Drawing Rights (SDRs) also rose by USD 102 million to USD 18.67 billion, the apex bank said. India's reserve position with the IMF also inched up by USD 14 million at USD 4.4 billion in the reporting week, the apex bank data showed. PTI NKD DRR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
7 hours ago
- News18
Crypto income on I-T radar; dept send emails to individuals
Agency: PTI Last Updated: New Delhi, Jun 13 (PTI) The Income Tax Department has sent a communication to thousands of individuals who have undertaken cryptocurrency transactions but failed to reflect this income in their returns, official sources said Friday. These transactions pertain to assessment years 2023-24 and 2024-25, they said. The department and its policy-making body, the Central Board of Direct Taxes (CBDT), suspect tax evasion and money laundering by certain 'high-risk" people who are potentially using 'unaccounted" income to invest in virtual digital assets (VDAs), commonly known as cryptocurrency. Sources told PTI that the I-T Department has sent e-mails to thousands of defaulting people nudging them to file an updated Income Tax Return (ITR) if any income on account of crypto transactions has not been declared or mis-declared by them. This communication is part of the NUDGE (Non-intrusive Usage of Data to Guide and Enable) campaign undertaken by the department with a philosophy of 'trust taxpayers first" philosophy. According to section 115BBH of the Income Tax Act (provided by the Finance Act of 2022), a flat tax rate of 30 per cent (plus applicable surcharge and cess) is levied on income from crypto transfers. The provision does not allow deduction of any expenses except the cost of acquisition. Further, set-off of losses from crypto investment or trading is not allowed to be set off against any other income or for carry forward to subsequent years. Sources indicated that data analytics done by the tax department has shown that a 'significant" number of people have not filed the Schedule VDA (for crypto) in their ITRs, and such people were offering tax on the income earned at a lower rate or claiming cost indexation. It is understood that the ITRs filed by taxpayers are being verified by the department with tax deducted at source (TDS) returns filed by various cryptocurrency exchanges (Virtual Asset Service Providers), and the defaulters may be selected for further 'verification or scrutiny". This is the third in the NUDGE series campaign undertaken by the I-T Department and the CBDT, where they gently remind taxpayers about their liabilities. The previous two were related to seeking correct declarations on foreign assets and income by taxpayers and withdrawal of bogus claims of deduction under section 80GGC of the I-T Act. PTI NES RHL First Published: June 13, 2025, 21:45 IST
&w=3840&q=100)
Business Standard
11 hours ago
- Business Standard
India's forex reserves rise by $5.17 billion to $696.65 billion: RBI
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves Press Trust of India Mumbai India's forex reserves increased by USD 5.17 billion to USD 696.65 billion for the week ended June 6, the RBI said on Friday. The overall reserves had dropped by USD 1.237 billion to USD 691.485 billion for the week ended May 30. Forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended June 6, foreign currency assets, a major component of the reserves, rose by USD 3.47 billion to USD 587.68 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves were up by USD 1.58 billion to USD 85.88 billion during the week, the RBI said. The Special Drawing Rights (SDRs) also rose by USD 102 million to USD 18.67 billion, the apex bank said. India's reserve position with the IMF also inched up by USD 14 million at USD 4.4 billion in the reporting week, the apex bank data showed. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
