According to a document from Italy's industry, new regulations to oversee the creation of fifth-generation mobile networks in the country. This will risk creating a red tape halt for telecoms firms as they strive to revamp their grids. In new rules, Rome is asking telecoms companies to include in their annual plans particular details of any equipment to be used in making of 5G networks.

The non-banking finance companies sector is looking for a merger majorly for deducting regulatory arbitrage between banks and non-banks. While the Godrej Group is optimistic that it may crack the financial services space with its established brand presence and big budgets. Also, the Group will seek to push more into the diverse segments such as mutual funds and insurance.

✳️ Due to staffing and weather issues, JetBlue and Alaska Airlines slashing summer flight schedules. ✳️ Coinbase has suspended crypto payments in India. ✳️ Nvidia Stock is Downgraded; plunged for the fifth in the previous sessions.

The combined net profit of Delta Corp Ltd for the fourth quarter plunged by 17% to ₹48 cr against ₹58 cr in the same period of last year. The sales of the company increased marginally to ₹218 cr for the March quarter under review against ₹211 cr a year ago. Suggesting a final dividend of ₹1.25/equity share and it will be paid within 30 days from the date of approval of the same by shareholders.

Trai, which is a telecom regulator suggested a 35% cut in the reserve price for prime 5G spectrum frequencies in the 3300-3670 MHz band, at ₹317 cr per MHz. The base price for the desirable 700 Mhz band works out to be ₹3,927 cr per Mhz, which is 40% lower than that proposed the previous time. The spectrum auctions are planned to be conducted in 2022 and launch 5G mobile services within 2022-23.

The negative opening of Wall Street on Monday weighed tech shares to hit particularly hard as investors await the March report on US inflation amid expectations for aggressive Federal Reserve action. Twitter kicked off the trend as its stock price rallied after controversial Tesla chief Elon Musk declared he would not join its board after becoming the social media company's largest shareholder.

Shares of Nvidia declined on Monday after seeing Baird analyst degrade its ratings. The analyst cited concerns over slowing consumer demand exacerbated by the Russian embargo. The stock witnessed a decline for the fifth consecutive day on Monday. Over this five-day period the stock has fallen over 19.8%, and 21% this year.

TikTok, which is a video-sharing app announced that its advertisement revenue will probably post triple in 2022. Which is over $11 billion, surpassing the collective sales of its competitors Twitter Inc and Snap Inc. As per the research firm Insider Intelligence, TikTok's user base has boosted in the last two years, and the amount of time users spend on the app is commendable.

A funding round supported by Sony Group Corp and the family-owned holding company at the rear of the Lego Group provided the Epic Games a valuation of $31.5 billion. Sony, which is already an existing investor and the Kirkbi investment company each funded $1 billion to the company. The fund is to help and support the growth of the "Fortnite" creator to enter into metaverse.

More than 95% of TCS employees will continue to work from home. Its CEO & MD, Rajesh Gopinathan says the company is planning to get the top 50,000 senior employees to the office three times a week starting in April, and gradually increase the number of people returning to the office. He added that the company will have 20% working from offices and 80% from home by the middle of FY23.

German logistics entrepreneur Klaus-Michael Kuehne raised his stake in Lufthansa to 10%. In a statement, 84 y/o Kuehne said the investment depicts an excellent rounding off of the existing portfolio, in which logistical know-how is bundled through various independent holdings. Last month, Kuehne acquired a 5% stake in Germany's flag carrier Lufthansa.

Exchanging crypto for another crypto or NFT- If one sells or disposes of crypto for another digital asset, it will be a registered transaction on your tax return. Earned income from crypto and then later selling it, is two different taxable events- One should report this income on your tax return on Schedule 1, as 'Other Income.' When to post a yes- If one got or exchanged crypto in 2021 is a yes.

In terms of the number of transactions and value, India Inc's deal activity increased to USD 13.3 bn year-on-year in the January-March quarter this year. According to a report, there were 608 deals worth USD 13.3 bn in the first quarter of this year against 408 transactions entailing an amount of USD 12.1 bn. In comparison with December, a 9% decline was recorded in the deal volumes.

The National Stock Exchange has announced in a circular that ‘Do not exercise’ instruction will be reintroduced in stock options from April 28 after discontinuing the practice in October last year. Earlier, this system was introduced in 2017 but emerged as a fail-safe for options traders during the time of cash-settlement of options contracts.

U.S. oil company Chevron Corp received approval from the Argentine province of Neuquen for a new concession for shale exploitation in the Vaca Muerta formation. The local government said in a statement on Monday that the pilot stage investment will be valued at $78.7 million. Chevron's managing director in Latin America said "We are very excited to begin this new phase in our historic field."