Decoding startup angel tax on foreign investors; govt may notify data embassy policy as part of new Data Bill

Popular deal structures and valuation approaches employed by Indian startups could take a hit as the central government extends angel tax provisions to foreign investors.

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Angel tax on foreign investors may muddle maths for startups

Experts said to avoid the tax, startups might consider readjusting the jump in valuation and avoid a wild swing in pricing a round– especially if the business fundamentals of the company have remained unchanged.

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OpenAI launches ChatGPT Plus for $20 a month with more features

Microsoft-owned OpenAI has launched its paid subscription plan for ChatGPT, its text-generating AI that can write like humans.

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Elon Musk did not need Tesla board to review buyout tweets, directors testify

Musk tweeted that he had "funding secured" to take the carmaker private at a $420 per share price, a premium of about 23% to the prior day's close.

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China Covid-19 curbs, limited consumer spending to impact Apple's revenue figures

Investors will look for details on how chief executive Tim Cook is trying to bolster demand in a weak economy that has prompted mass layoffs in the tech industry, a move Apple has so far avoided thanks to frugal hiring during the pandemic

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Meta stuns Street with lower costs, big buyback, upbeat sales

The parent of Instagram and Facebook, which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving its content recommendations powered by artificial intelligence and its ad targeting systems to keep users clicking.

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ETtech Opinion | Budget will help catalyse efforts to promote digitally inclusive India: Kalyan Krishnamurthy

The budget outlines the importance of startups. Allowing carry-forward of losses for longer will strengthen their books and enable focus on building the larger ecosystem.

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