SpaceX deal: Elon Musk’s firm to buy EchoStar spectrum licenses for $17 bn; Starlink expansion to get major boost
Elon Musk’s SpaceX has struck a deal worth about $17 billion with EchoStar to acquire spectrum licenses that will strengthen its Starlink satellite network.The agreement covers EchoStar’s AWS-4 and H-block spectrum licenses, with up to $8.5 billion to be paid in cash and an equal amount in SpaceX stock. SpaceX will also make about $2…
What is critical illness rider in life insurance plan? Key advantages explained
Despite taking both life and health insurance policies, policyholders are suggested to opt for a critical illness rider. This is because it helps policyholders manage their finances well in case of an eventuality. Those who are not aware, a critical illness rider is attached to the life insurance policy and provides financial protection against life-threatening critical illnesses. This…
Rs 8 lakh cash deposited in bank – man gets tax notice! Assessing officer deems it presumptive business income, but taxpayer wins case in ITAT – ruling explained
During the assessment, the AO estimated Kumar’s business income under Section 44AD — something completely outside the scope of the original notice. (AI image) Making cash deposits of large amounts in your bank account? Be aware of a case where a cash deposit attracted the attention of the Income Tax Department, and the assessing officer…
