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<keyword id="19983534" type="General" weightage="100" keywordseo="Hero-MotoCorp" source="keywords" meta.keywordsubtype="org" meta.entityname="Hero MotoCorp" meta.hostid="83" meta.entityid="Hero MotoCorp">Hero MotoCorp</keyword> on Sunday said it has received a <keyword id="19901479" type="General" weightage="20" keywordseo="demand-notice" source="keywords">demand notice</keyword> of over Rs 17 crore from <keyword id="22828708" type="General" weightage="20" keywordseo="Delhi-GST-authorities" source="keywords">Delhi GST authorities</keyword>. The company has received an order for disallowance of <keyword id="19980589" type="General" weightage="20" keywordseo="input-tax-credit" source="keywords">input tax credit</keyword> for FY 2019-20 from the Office of the <keyword id="20263022" type="General" weightage="20" keywordseo="gst-officer" source="keywords">GST Officer</keyword>, <keyword id="22830157" type="General" weightage="20" keywordseo="Government-of-NCT-of-Delhi" source="keywords" meta.keywordsubtype="org" meta.entityname="Government of NCT of Delhi" meta.hostid="83" meta.entityid="Government of NCT of Delhi">Government of NCT of Delhi</keyword>, the two-wheeler major said in a <keyword id="19954258" type="General" weightage="20" keywordseo="regulatory-filing" source="keywords">regulatory filing</keyword>. The company said the tax demand is for Rs 9,38,66,513, interest Rs 7,32,15,880 and penalty Rs 93,86,651 as per the notice. Based on the company's assessment, the tax demand is not maintainable in law, it added. The input tax credit disallowed by the office of the GST Officer, New Delhi, was rightfully claimed by the company as per the provisions of the GST law but disallowed on account of the supplier's non-compliance, which is not attributable to the company, <keyword id="7029" type="General" weightage="20" keywordseo="Hero" source="Orion">Hero</keyword> MotoCorp said. Accordingly, the company shall take appropriate steps, including filing an appeal, it added. There is no material impact on financials, operations or other activities of the company, Hero MotoCorp said.

Hero MotoCorp gets over Rs 17 crore tax notice from Delhi GST authorities

<keyword id="19906778" type="General" weightage="20" keywordseo="Infosys" source="keywords">Infosys</keyword> says that the Karnataka State authorities are withdrawing the pre-show cause <keyword id="19951327" type="General" weightage="20" keywordseo="GST" source="keywords">GST</keyword> notice issued to Infosys with a tax demand of Rs 32,403 crore, the company informed the exchange in a filing on Friday, "The Company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the Company to submit a further response to DGGI central authority on this matter," said Infosys Earlier on Wednesday the Karnataka State GST authorities issued a pre-show cause notice to Infosys for payment of GST of Rs. 32,403 crores for the period July 2017 to March 2022 towards the expenses incurred by overseas branch offices of <keyword id="19916185" type="General" weightage="20" keywordseo="Infosys-Limited" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys Limited" meta.hostid="345" meta.entityid="Infosys Limited">Infosys Limited</keyword>. The Company responded to the pre-show cause notice and stated that the Company believes that as per regulations, GST is not applicable to these expenses. "Additionally, as per a recent Circular (circular number 210/4/2024 dated June 26, 2024) issued by the Central Board of Indirect Taxes and Customs on the recommendations of the <keyword id="19994390" type="General" weightage="20" keywordseo="gst-council" source="keywords">GST Council</keyword>, services provided by the overseas branches to Indian entity are not subject to GST," said the company. The clarification from Infosys came post news articles published on Wednesday for non-payment of GST towards expenses incurred by the overseas branches of the Company. Infosys said GST payments are eligible for credit or refund against the Infosys says that the Karnataka State authorities are withdrawing the pre-show cause GST notice issued to Infosys with a tax demand of Rs 32,403 crore, the company informed the exchange in a filing on Friday, "Infosys has paid all its GST dues and is fully in compliance with the central and state regulations on this matter," the statement said. (ANI) SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank">Ola Electric IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank">Nothing Phone (2a) Plus with Dimensity 7350 Pro chipset launched in India starting at ₹29,999</a><a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank">Indian smartphone shipments decline by 2% in Q2 2024, Xiaomi retakes the throne</a>

Infosys says Karnataka govt withdrawing pre-show cause notice on GST notice

India has served a formal notice to Pakistan seeking a review of the <keyword id="22157166" type="General" weightage="20" keywordseo="Indus-Water-Treaty" source="keywords">Indus Water Treaty</keyword>, arguing that "fundamental and unforeseen" changes in the circumstances require a reassessment of the pact. The notice was issued to Pakistan on August 30 under Article XII(3) of the <keyword id="107840" type="General" weightage="20" keywordseo="Indus" source="Orion">Indus</keyword> Water Treaty (IWT), government sources said on Wednesday. India and Pakistan signed the IWT on September 19, 1960 after nine years of negotiations, with the <keyword id="19899824" type="General" weightage="20" keywordseo="World-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="World Bank" meta.hostid="261" meta.entityid="World Bank">World Bank</keyword> being a signatory to the pact, which sets out a mechanism for cooperation and information exchange between the two sides on the use of the waters of a number of cross-border rivers. India's notification highlights fundamental and unforeseen changes in circumstances that require a reassessment of obligations under various articles of the treaty, the sources said. Among various concerns, the important ones include a change in population demographics, environmental issues and the need to accelerate the development of clean energy to meet India's emission targets, they said. India has also cited the impact of persistent cross-border terrorism as one of the reasons for demanding the review. "The notification was issued in the background of a separate prolonged controversy with respect to the Kishanganga and Ratle <keyword id="20239151" type="General" weightage="20" keywordseo="hydro-projects" source="keywords">hydro projects</keyword>," a source said. "In this regard, the World Bank has simultaneously activated both the neutral-expert mechanism and the Court of Arbitration on the same set of issues," the source added. "The Indian side has, therefore, also called for a reconsideration of the dispute-resolution mechanism under the treaty," the source said. India has not cooperated with the Court of Arbitration process to resolve the dispute. New Delhi considers that the start of the two concurrent processes to resolve the dispute violates the provision of the three-step graded mechanism prescribed in the IWT. India has been pushing for the resolution of the dispute through the neutral-expert proceedings. With this notification, India has called on Pakistan to begin government-to-government negotiations in order to review the treaty under the provisions of Article XII(3), the sources said. SEE ALSO: <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-great-indian-festival-sale-to-begin-on-september-27/articleshow/113445238.cms">Amazon Great Indian Festival sale to begin on September 27</a> <a href="https://www.businessinsider.in/business/auto/news/triumph-speed-t4-launched-in-india-with-a-price-tag-of-2-17-lakh/slidelist/113429766.cms">Triumph Speed T4 launched in India with a price tag of ₹2.17 lakh</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-and-samsung-accused-of-colluding-with-amazon-and-flipkart/articleshow/113381204.cms">Xiaomi and Samsung accused of colluding with Amazon and Flipkart</a>

India serves notice to Pakistan seeking review of Indus Water Treaty

<ul class="summary-list"><li>The latest bump in the AI road was a downbeat earnings report from ASML that sent its shares tumbling.</li><li>But ASML's biggest customer, Taiwanese chipmaker TSMC, posted blockbuster results Thursday.</li></ul>Two days is a long time in the chip world. On Tuesday, the semiconductor market was downbeat following disappointing earnings from ASML, the Dutch company making the machines that make chips. By Thursday, Taiwan Semiconductor Manufacturing Company, the world's largest chip maker, had painted a <a target="_blank" class="" href="https://www.businessinsider.com/tsmc-earnings-taiwan-semiconductor-chip-ai-chip-demand-asml-china-2024-10">different picture with its earnings</a>: the AI-driven chip boom is far from over. The roller coaster earnings can be explained by several factors. Chief among them is TSMC and ASML's respective customers. ASML sells large lithography machines — which print circuit patterns onto silicon wafers — to chip manufacturers, including TSMC, Samsung, and Intel. The latter two companies have faced struggles of their own that are impacting the wider chip market. Intel, once the world's biggest chipmaker, <a target="_blank" class="" href="https://www.businessinsider.com/intel-qualcomm-takeover-bid-layoffs-foundry-spin-off-2024-9">has mounted a bid to turn the business around,</a> including 15,000 layoffs. And in early October, Samsung issued an apology for its poor financial performance."Intel and Samsung are falling behind TSMC from a technological point of view," Javier Correonero, equity analyst at Morningstar, told Business Insider. "This is just customer-specific problems as Intel and Samsung cannot ramp up new nodes properly, but this has nothing to do with demand."Meanwhile, TSMC is a competitor to Intel and Samsung. Its customers include Nvidia, the GPU designer spearheading the AI chip boom, along with AMD and Qualcomm. This makes TSMC a good bellwether for AI chip demand.TSMC reported a <a target="_blank" class="" href="https://www.businessinsider.com/tsmc-earnings-taiwan-semiconductor-chip-ai-chip-demand-asml-china-2024-10">54% rise in third-quarter net profit</a> to a record 325.3 billion New Taiwan Dollars, or $10.1 billion. The forecast-beating results were driven by strong demand for AI despite lingering questions over the <a target="_blank" href="https://www.businessinsider.com/ai-return-investment-disappointing-goldman-sachs-report-2024-6">technology's return on investment</a>.By contrast, ASML, Europe's most valuable tech company, slashed guidance for next year, sending its stock plunging by 16% in its biggest single-day drop since 1998. <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/chipmakers-tumble-asml-guidance-semiconductor-nvidia-chip-growth-2024-10">Other chip stocks followed</a>, with Nvidia dipping almost 5%, AMD falling 5.3%, and Broadcom tumbling 3.5% around midday Tuesday. Their shares steadied on Wednesday. Another factor at play is that chipmakers increased their manufacturing capacity to meet rising demand during the pandemic. Now, chipmakers such as Intel, Samsung, and TSMC have pulled back on ASML orders because they realize they have plenty of capacity, Dan Hutcheson, vice chair at analyst firm TechInsights, told Reuters. It's also key to distinguish that not all chips are for AI — and weaker demand for other areas like PCs can drag growth. "It is important to notice that semis have many subsegments, and while some subsegments can be in a bottom (like PCs), others can be on a top (AI), so it's difficult to predict where overall demand will be in 18 months," Correonero said.<h2 id="4de96bdb-cb04-4a05-9ac5-6a389f3025a7">Demand for AI remains high </h2>In a conference call on Thursday, TSMC's chief executive, CC Wei, reassured investors that the company's growth was real and rejected that AI was in a bubble."This is a tangible ROI benefit," he said in response to a question from JPMorgan analyst Gokul Hariharan. "We cannot be the only one company that have benefited from this AI application. So, I believe a lot of companies right now are using AI and further on improving productivity, efficiency, and everything."For now, investors seem to favor faster-growing companies like TSMC."It looks like TSMC seems to be in the better place for the time being, bolstered by its faster growth rate," Correonero said."TSMC seems more aligned with Nvidia and others, where demand has held up much better in recent months, and indeed shows signs of recovering after a mixed summer," he added.While a slowdown at ASML might suggest some caution, the bigger picture still points to a continued surge in AI demand."In the short to medium term, AI applications, data centers, and advanced chips are still driving strong demand," said Kate Leaman, chief market analyst at <a target="_blank" href="http://avatrade.co.uk/">AvaTrade</a>. "So, while ASML might be experiencing a temporary slowdown, companies like TSMC could continue delivering strong results thanks to these high-growth areas."As other chip firms such as Qualcomm and Intel publish earnings in the coming weeks, a clearer picture of the market will emerge. "For now, the AI boom seems to be sustaining solid growth for chipmakers," Leaman added.

What the roller coaster earnings at ASML and TSMC tell us about demand for AI chips

Airbnb's ongoing battle with hotels for travelers has taken a noticeable turn 

<keyword id="20115473" type="General" weightage="20" keywordseo="Ashneer-Grover" source="keywords">Ashneer Grover</keyword>, known for his blunt persona on the Indian edition of Shark Tank, has once again found himself embroiled in a controversy, this time involving a popular comedy roast. The co-founder and former managing director of <keyword id="19956322" type="General" weightage="20" keywordseo="BharatPe" source="keywords" meta.keywordsubtype="org" meta.entityname="BharatPe" meta.hostid="261" meta.entityid="BharatPe">BharatPe</keyword>, Grover is no stranger to the limelight, but his latest escapade has stirred considerable buzz of the negative kind on social media. Grover recently featured on "<keyword id="21736600" type="General" weightage="20" keywordseo="Pretty-Good-Roast" source="keywords">Pretty Good Roast</keyword>," a show hosted by comedian <keyword id="21736601" type="General" weightage="20" keywordseo="Aashish-Solanki" source="keywords">Aashish Solanki</keyword>. During the episode, Solanki made light of Grover's tumultuous exit from BharatPe — a topic that has been a hot-button issue ever since Grover and his wife were ousted from the fintech startup in 2022 amid allegations of financial impropriety. The roast, which included jabs at Grover’s departure from his own company, quickly became a viral sensation. However, the humour did not sit well with Grover. He reportedly demanded the removal of the segments featuring these jokes and subsequently sent Solanki a <keyword id="20476156" type="General" weightage="20" keywordseo="legal-notice" source="keywords">legal notice</keyword> to take down the entire episode. Solanki complied, announcing on Instagram: "Friends, I have removed the Ep 5 of Pretty Good Roast. I don't have money to fight the legal battle. I had spent all of it on the show," he stated, highlighting the financial strain legal actions can impose on independent creators. Solanki also expressed his disappointment, noting, "The response on previous episodes led us to believe our audience were ready for roast humour. However, it seems that some, especially those in power, are not quite there yet." This incident has triggered a wave of backlash against Grover, with many accusing him of "<keyword id="20415529" type="General" weightage="20" keywordseo="doglapan" source="keywords">doglapan</keyword>" (duplicity). The term gained popularity during Grover’s stint on <keyword id="19913228" type="General" weightage="20" keywordseo="shark-tank-india" source="keywords">Shark Tank India</keyword> and even became the title of his book, "Doglapan: The Hard Truth about Life and Start-Ups." Social media users were quick to point out the irony of Grover, who once prided himself on his no-holds-barred attitude, now seeking to censor comedic content. <div type="twitter" handle="samratsingh23" handlename="samratsingh23" favoritecount="0" retweetcount="0" id="1792498229701161312"></div> <div type="twitter" handle="memes_hallabol" handlename="memes_hallabol" favoritecount="0" retweetcount="0" id="1792750542655295852"></div> The controversy draws attention to Grover's complex public persona. After his high-profile exit from BharatPe, Grover pivoted to content creation, leveraging his fame to build a substantial following on platforms like Instagram, YouTube, and various podcasts. He has even claimed that he has made more money through content creation than during his tenure at BharatPe. Despite his success as a content creator, Grover’s latest actions have sparked a debate about the boundaries of humour and criticism, especially concerning public figures. The legal threat against Solanki underscores the precarious balance comedians must navigate when their satire targets influential individuals. As the dust settles, one thing is clear: Ashneer Grover remains a polarising figure. His journey from a controversial entrepreneur to a content creator and now to a central figure in a comedy roast controversy reflects the multifaceted and often contentious nature of public life.

Roasted shark? Ashneer Grover faces backlash over legal tussle with comedian Aashish Solanki

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Almost Friday! Robots with skin!? There's a valid reason researchers are doing it — helping plastic surgeons train — <a target="_blank" href="https://www.businessinsider.com/robot-face-with-skin-smiling-research-study-2024-6">but it doesn't make it any less creepy</a>.In today's big story, we're looking at the first — and somewhat unconventional — <a target="_blank" href="https://www.businessinsider.com/how-watch-presidential-debate-trump-biden-what-time-2024-6">US presidential debate happening tonight</a>.What's on deck:<ul><li>Markets: The next great war <a target="_blank" href="https://markets.businessinsider.com/news/commodities/food-war-prices-commodity-shortage-inflation-climate-change-geopolitics-tariffs-2024-6">could be over the price of food</a>.</li><li>Tech: Tesla's headquarters <a target="_blank" href="https://www.businessinsider.com/tesla-headquarters-terroristic-threat-austin-elon-musk-zach-kirkhorn-2024-6">received several "terroristic" threats,</a> according to law-enforcement records.</li><li>Business: Your boss wants you to make friends at work. <a target="_blank" href="https://www.businessinsider.com/work-friends-are-over-remote-jobs-gen-z-relationships-pandemic-2024-6">But do you really need a work bestie</a>?</li></ul>But first, your time starts now.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="b012ed35-86e0-4b52-b362-685a555cedae">The big story</h3><h2 id="72cf1d62-f60f-410a-839d-48192f492c70">New debate, who dis?</h2><div type="image" title="Joe Biden and Donald Trump" height="1500" width="2000" msid="111317109" hostid="261" sizebytes="184566"></div>It didn't come easy, and it won't feel quite the same, but we're getting our first US presidential debate tonight.President Joe Biden and former President Donald Trump will square off at 9 p.m. ET for a 90-minute debate.But don't be surprised by some noticeable differences from what you've come to expect when two presidential candidates face off.There will be no audience, and the candidate who isn't speaking will have his mic muted. The bipartisan group that typically holds the debates isn't running it. And it's also the earliest major debate on record.Business Insider's Brent D. Griffiths <a target="_blank" href="https://www.businessinsider.com/how-watch-presidential-debate-trump-biden-what-time-2024-6">has the full rundown on what to expect tonight</a>.The impact debates have on an election is… up for debate. Candidates who aren't well known, not a problem for Trump or Biden, see the biggest impact.But that doesn't mean the debate isn't important. It's one of the few live events that isn't football which is guaranteed to draw millions of Americans' attention.<a target="_blank" href="https://www.businessinsider.com/biden-trump-debate-gamble-strategy-risk-election-2024-6">It also represents a big gamble for Biden</a>, Brent writes, as the president tries to silence critics on everything from his age to his handling of the economy, <a target="_blank" href="https://www.businessinsider.com/what-us-economy-would-look-like-with-trump-biden-presidency-2024-5">which is a key issue for voters</a>.<div type="image" title="Donald Trump and Joe Biden collage" height="1500" width="2000" msid="111317103" hostid="261" sizebytes="216318"></div>Meanwhile, the debate itself has some interesting subplots.For one, it will feature commercials for the first time. CNN, which is hosting, is selling two tiers of advertising, with the more premium version reportedly costing at least $1.5 million.But in a unique twist, CNN might not come away making the most from the debate. Rival networks can air the broadcast and sell commercials. And with Fox News and MSNBC often outpacing CNN in viewership, they <a target="_blank" href="https://www.businessinsider.com/trump-biden-debate-commercials-earn-millions-for-cnn-other-networks-2024-6">might be able to sell ads for more money</a>, writes BI's Alice Tecotzky.Debates are also typically easy fodder for social media, specifically X, as viral moments are bound to occur. And this marks the first presidential debate the platform navigates under the Elon Musk regime.Meanwhile, it'll be interesting to see how things go on Instagram's Threads, which has <a target="_blank" href="https://www.businessinsider.com/threads-twitter-politics-not-the-focus-adam-mosseri-2023-7">largely avoided political discourse</a>.However, one group won't be able to benefit from the debate despite being perfectly positioned for the action: US sportsbooks. So-called prediction markets do exist for political betting, but <a target="_blank" href="https://www.politico.com/news/2024/05/10/cftc-election-betting-ban-00157304">regulators want to ban them</a>.US sportsbooks have avoided the entire political sphere — sorry, no same-debate parlays — despite it being <a target="_blank" href="https://www.bbc.com/news/articles/c6pp5emm95do">big business for UK bookmakers</a>.<h2 id="50d87113-b67d-4da5-918a-564fbf844939">3 things in markets</h2><div type="image" title="Image of tractor rolling across wheat field to sow crops" height="546" width="1120" msid="111317102" hostid="261" sizebytes="87228"></div><ol><li>A commodity trader is warning about a potential "food war." A combination of trade barriers and climate risk is threatening to <a target="_blank" href="https://markets.businessinsider.com/news/commodities/food-war-prices-commodity-shortage-inflation-climate-change-geopolitics-tariffs-2024-6">exaggerate the demand-supply imbalance in food</a>, according to commodity executive Sunny Verghese. "We have fought many wars over oil. We will fight bigger wars over food and water," he said at a recent conference.</li><li>Goldman Sachs' bankers are going to get a big boost from AI next year. Top bank executives told BI the plan is to <a target="_blank" href="https://www.businessinsider.com/goldmans-sachs-george-lee-ai-tools-for-workforce-2024-6">roll out a series of generative AI tools starting in 2025</a>. The tech will "influence our workflows [and] begin to help us create new competitive advantages," one Goldman partner said.</li><li>Trump's mass deportation plan could trigger a recession, leading economist says. Adam Posen, president of the nonpartisan Peterson Institute, warned that Trump's <a target="_blank" href="https://www.businessinsider.com/trump-deportation-immigration-plan-impact-recession-risk-inflation-stagflation-labor-2024-6">pledge to deport the most workers in US history is a massive stagflationary hazard</a>. Those effects would be exacerbated by Trump's high-tariffs proposal, Posen said.</li></ol><h2 id="8d999e75-50e5-4f2c-a7cb-68e3c05ef6ab">3 things in tech</h2><div type="image" title="Photo illustration of Elon Musk." height="882" width="1176" msid="111317104" hostid="261" sizebytes="107410"></div><ol><li>"Terroristic" threats at Tesla. Texas law enforcement records show <a target="_blank" href="https://www.businessinsider.com/tesla-headquarters-terroristic-threat-austin-elon-musk-zach-kirkhorn-2024-6">Elon Musk's company was the target of multiple "terroristic" threats</a> over the past two years. These include a clumsy extortion scheme by a fake hitman and a hoax active-shooter threat at its HQ. There's little real danger to Tesla's employees, though, thanks to the site's tight security.</li><li>Should AI help you ace a coding test? Silicon Valley is split over whether job candidates should be <a target="_blank" rel="noopener" href="https://www.businessinsider.com/silicon-valley-debates-over-use-ai-chatbots-tech-job-interviews-2024-6">allowed to use AI chatbots in technical interviews</a>, which test engineers' grasp of coding basics. Though stances vary across companies, there's a noticeable divide between smaller startups and tech giants.</li><li>To do: Improve Microsoft's reputation. Mustafa Suleyman, Microsoft's new AI chief, said bringing the company <a target="_blank" href="https://www.businessinsider.com/mustafa-suleyman-microsoft-ai-chief-main-goals-2024-6">out from under Google's shadow was on his to-do list</a>. He also said one of his main goals is to "uplevel the quality of Copilot."</li></ol><h2 id="f1bbd9ce-e77a-4470-abf1-96b22479b86c">3 things in business</h2><div type="image" title="A computer screen displaying analytics of a football player and a business man" height="1500" width="2000" msid="111317105" hostid="261" sizebytes="241874"></div><ol><li>Inside the new CEO stress test. An intelligence exam originally designed to identify the best NFL quarterbacks is making waves in corporate hiring. The test measures fluid intelligence and decision-making under pressure, skills that can make potential CEOs. <a target="_blank" href="https://www.businessinsider.com/new-job-stress-test-nfl-football-ceo-careers-s2-2024-6">But it isn't foolproof.</a></li><li>Maybe you don't need work friends after all. Work friendships are great for employers: They can help workers get more done and make them more reluctant to leave their friends for a new gig. But they're also disappearing — <a target="_blank" href="https://www.businessinsider.com/work-friends-are-over-remote-jobs-gen-z-relationships-pandemic-2024-6">and that may not be a bad thing</a>.</li><li>"Silent layoffs" could backfire. The tactic, where companies give staff severance but ask them to keep details of their departure quiet, is on the rise. Experts said while the goal is to maintain trust across the business, <a target="_blank" href="https://www.businessinsider.com/silent-lay-offs-quiet-firing-could-backfire-companies-bosses-morale-2024-6">it can actually do the exact opposite</a>.</li></ol><h2 id="fdd9eba7-4e3c-4b2e-af90-1530bd7866a1">In other news</h2><ul><li><a target="_blank" href="https://www.businessinsider.com/scotus-opinion-allowing-emergency-abortions-in-idaho-was-posted-early-2024-6">A SCOTUS opinion allowing emergency abortions in Idaho was posted on the court's website and then quickly removed</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/amazon-high-prime-video-viewership-netflix-comparison-evercore-survey-2024-6">Amazon is getting an impressive number of people to watch Prime Video, new data reveals</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/dr-disrespect-twitch-ban-brand-fallout-explained-2024-6">The biggest scandal in gaming right now, explained</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/elon-musk-is-reigniting-his-space-feud-with-jeff-bezos-2024-6">Elon Musk is reigniting his space feud with Jeff Bezos: 'Sue Origin.'</a></li><li><a target="_blank" href="https://www.businessinsider.com/joshua-kushners-thrive-capital-invests-in-studio-a24-2024-6">Joshua Kushner's Thrive Capital makes a further push into entertainment, backing A24, the studio behind Euphoria and Uncut Gems</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/american-brands-cut-costs-tax-loophole-shein-temu-2024-6">Shein and Temu use a US tax loophole to keep their prices low. Now, some American brands are, too</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/ayo-edibiri-directs-episode-season-3-the-bear-positive-energy-2024-6">Biz leaders could learn a thing or 2 from the way Ayo Edibiri directed her very first episode of 'The Bear.'</a></li></ul><h2 id="7c65b5c5-89bd-4854-8df3-6c044ed2189c">What's happening today</h2><ul><li>RFK Jr., who did not qualify for the CNN presidential debate, will answer debate questions via livestream during his campaign's counter-programming.</li><li>Bureau of Economic Analysis publishes final GDP data for Q1 2024.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Annie Smith, associate producer, in London. Amanda Yen, fellow, in New York.

The first US presidential debate will have some noticeable differences

<ul class="summary-list"><li>Oasis fans are upset over Ticketmaster's "in-demand" pricing for the band's reunion tour.</li><li>Surge pricing is a trend across industries, including ridesharing, restaurants, and theaters.</li></ul>Oasis got the band back together. But a lot has changed since they last sold concert tickets.The "Wonderwall" singers announced this week they would embark on a reunion tour in the UK. It'll be the first time lead brothers Noel and Liam Gallagher will play together in over 15 years. The tour will have 17 dates in Cardiff, Manchester, Edinburgh, and Dublin starting July 4 next year.Oasis, one of the most popular bands at the end of the 20th century, offered pre-sale tickets beginning Friday and quickly stepped into a 21st-century mire: online surge pricing.Surge pricing allows companies selling products online to increase prices as market demand rises. It all happens automatically and almost instantaneously.While surge pricing is now commonplace — from trying to hail an Uber after an event <a target="_blank" href="https://www.businessinsider.com/surge-pricing-increasingly-being-used-at-restaurants-and-theaters-2023-3">to bowling alleys, restaurants, and even golf courses</a> — users of these services all hate it. Now Oasis fans do, too. They complained over the weekend that ticket prices surged on Ticketmaster after the group decided to add three more dates."That feeling when you wait in a queue for four hours only to be told the price of the ticket has risen from £148 to... £355??? Because they're 'in demand,'" Helen Barnett wrote on X. "How is this not illegal?"According to CBS, tickets for the tour are already being sold on resale websites for up to $7,800. The band issued a warning on Saturday, telling fans tickets can only be officially resold through Ticketmaster."Please note, Oasis Live '25 tickets can only be resold at face value via <a target="_blank" href="https://x.com/TicketmasterUK">@TicketmasterUK</a> and <a target="_blank" href="https://x.com/Twickets">@Twickets</a>!" the statement says. "Tickets appearing on other secondary ticketing sites are either counterfeit or will be canceled by the promoters."Ticketmaster did not immediately return a request for comment from Business Insider. The company has made no public statement about the Oasis reunion ticket prices, but its website explains that Ticketmaster does not set ticket prices."Promoters and artists set ticket prices. Prices can be either fixed or market-based. Market-based tickets are labeled as "Platinum" or "In Demand," the website says.The practice has caused no shortage of controversy in the last year. Ticket prices for Taylor Swift's billion-dollar Era's Tour also surged on the platform, reaching <a target="_blank" class="" href="https://www.businessinsider.com/how-much-taylor-swift-tickets-regret-spending-eras-ticketmaster-stubhub-2022-11">as high as $5,500 for tickets</a> that normally cost on <a target="_blank" class="" href="https://www.businessinsider.com/taylor-swift-concert-tickets-getting-more-expensive-taylor-swift-might-be-blame-2023-7">average about $254</a>. Ticket prices on the platform increased so much during the Eras Tour that the Justice Department took notice, eventually <a target="_blank" class="" href="https://www.businessinsider.com/taylor-swift-ticketmaster-fiasco-doj-lawsuit-2024-5">filing an antitrust lawsuit</a> against Ticketmaster's parent company, Live Nation Entertainment.A report from the <a target="_blank" href="http://www.economicliberties.us/wp-content/uploads/2023/06/052023_AELP_Ticketmaster_PolicyBrief.pdf">American Economic Liberties Project</a> found last year that 68 of the top 100 venues in the world are in the United States, and 53 of those arenas use Ticketmaster for ticket sales. This means that a whopping 78% of the highest-grossing arenas in the world use Ticketmaster.

Oasis reunion tour ticket prices skyrocket due to Ticketmaster's 'in-demand' market-based surge pricing

It can be gruelling to choose between a gourmet meal and your mom’s homemade biryani — more often than not, the familiar wins out. Despite the buzz around electric vehicles, a growing number of drivers in India and the world are hitting the brakes on their electric vehicle (EV) journey and revving up their old petrol and diesel cars. But why are we witnessing this unexpected switch, and what does it spell for the future of driving? <h2>Waning EV enthusiasm</h2>A recent Park+ survey reported that 51% of Indian EV car owners expressed a desire to return to internal combustion engine (ICE) vehicles. This statistic — despite the study’s limited sample size of just 500 EV owners — is certainly surprising, given the evident success of India's push toward electrification with the attractive FAME and EMPS schemes. This isn’t even a special case; a similar survey revealed that 29% of EV-owners shared the same sentiment internationally — perhaps not that large of a number, but certainly not an unnoticeable one either. The number is even higher when you look at just the United States. According to McKinsey &amp; Co., 46% of US <keyword id="22369438" type="General" weightage="100" keywordseo="electric-vehicle-owners" source="keywords">electric vehicle owners</keyword> are “very” likely to purchase a gas-powered vehicle the next time. <h2><keyword id="21396729" type="General" weightage="20" keywordseo="range-anxiety" source="keywords">Range anxiety</keyword> remains a major roadblock</h2>While the world has seen massive leaps in EV tech over the past few years, many still complain that the primary concerns still prevail. For instance, several cite the persisting inadequacy of <keyword id="20111395" type="General" weightage="20" keywordseo="charging-infrastructure" source="keywords">charging infrastructure</keyword> as a primary reason for the shift back to ICE vehicles. While urban areas in developed countries may boast a fair number of charging stations, the time taken to charge and faulty stations remain significant problems for a daily EV long-distance commuter. For instance, one user sparked up a conversation on Reddit after explaining that they had begun to consider moving back to a hybrid of regular gas vehicles since they wanted to explore the countryside. This is a sentiment that reflects broader consumer concerns that influence purchasing decisions. “Once I was in Big Bear there was only two DC chargers in town, one of which was out of order. There was a line to use them. It was overall an unpleasant experience and took up a lot of time we could have spent actually enjoying Big Bear,” another responded, noting that this was just one of many unpleasant experiences they’ve experienced with the charging infrastructure. “Most of the time at least one or two chargers are out of order and it's just a pain to charge. I love EV's but the infrastructure isn't adequate and reliable enough for me to ditch an ICE car completely.” <div type="Article" hostid="261" msid="111341259" title="EV charging is so bleak that some owners are considering going back to gas-powered cars, survey finds" mstype="2" mssubtype="0"></div>Further, you have to reconcile with the fact that these are still concerns for the urban rich, and that rural and less developed regions are still lagging significantly behind in this matter. Take India, for instance, where the charging infrastructure is still in its nascent stages, despite years-long government efforts. Long queues at charging stations, inconsistent availability, and longer charging times compared to refuelling <keyword id="21283001" type="General" weightage="20" keywordseo="ICE-cars" source="keywords">ICE cars</keyword> are major deterrents for the average Indian EV consumer. Further, range anxiety continues to be a significant barrier, especially in countries like India that value long-distance trips. Despite advancements in <keyword id="20172158" type="General" weightage="20" keywordseo="battery-technology" source="keywords">battery technology</keyword>, two-wheeler EVs boast a maximum range of only 200-300 kilometres, while cars have a 300-400 kilometre range. <h2>Cost and practicality concerns</h2>The initial cost of EVs also remains higher than that of their ICE counterparts, despite decreasing battery prices. For many consumers, especially in price-sensitive markets like India, this cost difference is substantial. Additionally, the practical concerns of battery life and replacement costs add to the apprehension. “While consumers still have plenty of concerns surrounding an EV’s battery range, price remains the higher priority when purchasing an EV,” reported Julia Martinez, a US energy and auto expert. <div type="Article" hostid="261" msid="112062360" title="Government extends EV subsidy scheme till September 30, increases outlay" mstype="2" mssubtype="0"></div>While EVs are often touted for their lower maintenance costs, the reality can be different. Many lament that specialised service centres, the availability of parts, and skilled technicians are not as widespread for EVs as they are for ICE vehicles. This disparity in service infrastructure makes EV ownership less appealing to some consumers, both in India where mechanics are still grappling with learning about the new tech, and globally. <h2>Car-makers are rethinking their approach</h2>This “rejection”, along with the fact the global and US <keyword id="20623482" type="General" weightage="20" keywordseo="EV-market" source="keywords">EV market</keyword> has been stagnating for a while now, has already begun to bleed into real-life corporate decision-making as automakers reevaluate their EV strategies. For instance, Ford and General Motors have recently announced a downscaling of their EV production plans due to slower-than-expected market uptake. Even <keyword id="107096" type="General" weightage="20" keywordseo="tesla" source="Orion">Tesla</keyword> — the very company that arguably made EVs “cool” in the first place — has found itself in an awkward position having to fan some flames away. Not only is the Musk-led company struggling to entice more people into buying their cars, studies have also shown that car buyers are connecting better with EVs built by more traditional automakers than Tesla owners. These developments suggest a broader hesitancy and a rebalancing towards consumer choice, including the retention of ICE options. <div type="Article" hostid="261" msid="112145967" title="Tesla is having trouble wooing new EV shoppers" mstype="2" mssubtype="0"></div>The transition from ICE to EVs is not as straightforward as initially anticipated. While EVs offer significant benefits, various factors such as infrastructure, cost, range anxiety, and consumer sentiment are causing some to reconsider their choices. In India, the journey toward widespread <keyword id="20421629" type="General" weightage="20" keywordseo="EV-adoption" source="keywords">EV adoption</keyword> is marked by impressive sales growth but also significant challenges that need to be addressed. The automotive industry's future may lie in striking a balance between advancing <keyword id="19945562" type="General" weightage="20" keywordseo="EV-technology" source="keywords">EV technology</keyword> and maintaining the reliability of ICE vehicles to meet diverse consumer demands.

EV-iction notice: Why are electric vehicle owners switching back to petrol and diesel (ICE) cars?

Amid the unrest in <keyword id="6354759" type="General" weightage="100" keywordseo="Bangladesh" source="Orion">Bangladesh</keyword>, which led to Prime Minister <keyword id="66026" type="General" weightage="20" keywordseo="Sheikh-Hasina" source="Orion">Sheikh Hasina</keyword> resigning and fleeing to India, all Indian visa application centres in Bangladesh have been closed until further notice. The online portal to apply for Indian visa now has a message, which reads: “All IVACs will remain closed till further notice, due to the unstable situation. Next application date will be informed through SMS &amp; It is requested to pick up the passport on the next working day.” This update arrives a day after India evacuated non-essential staff and their families from its High Commission and consulates in Bangladesh. However, Indian diplomats are still in the neighbouring country, with missions still operating, according to government sources. India has a High Commission in Dhaka, the capital of Bangladesh, and consulates in Chittagong, Rajshahi, Khulna and Sylhet. EAM. S. Jaishankar, discussing the situation in the Parliament on Tuesday, 6 August, said there are about 19,000 Indian nationals in Bangladesh—including 9,000 students, despite many returning to India after the protests began. He assured that the government is in close contact with the Indian community and is also monitoring the situation of minorities living there. As of Tuesday, the death toll in the anti-government protests rose to 440, with 100 more deaths reported after Sheikh Hasina fled the country, according to local media. The army is trying to control the situation in the violence-hit nation. However, in Dhaka, things were mostly calm on Tuesday, with public transport running and schools and shops open. <div type="Article" hostid="261" msid="112289999" title="Bangladesh coup: A timeline of critical events that led to PM Sheikh Hasina’s resignation and alleged flight" mstype="2" mssubtype="0"></div> An interim government supported by the Army is being set up in Bangladesh. Nobel Peace Prize winner and Grameen Bank founder <keyword id="83501" type="General" weightage="20" keywordseo="Muhammad-Yunus" source="Orion">Muhammad Yunus</keyword> will lead this caretaker government. He will be sworn in as the leader on Thursday. On Wednesday, the United States expressed confidence that Yunus's interim government will bring long-term peace and political stability to Bangladesh. "We think the interim government will play a vital role in establishing long-term peace and political stability in Bangladesh," US State Department spokesperson David Miller said that the US is ready to work with Bangladesh. To contextualise the overall situation, the protests in Bangladesh initially started because of a controversial quota system in government jobs. However, they quickly turned into a country-wide movement of sorts against the Awami League government, after Prime Minister Hasina's 'razakar' comments and the harsh police response. The initial protests calmed down after the Supreme Court reduced the quotas, but unrest resumed as many students demanded Hasina's resignation. SEE ALSO: <a href="https://www.businessinsider.in/international/news/bangladesh-protests-mob-continues-to-kill-arson-vandalise-and-storm-jails-even-after-pm-hasina-resignation/articleshow/112304482.cms" data-type="tilCustomLink" target="_blank">Bangladesh protests: Mob continues to kill, arson, vandalise and storm jails even after PM Hasina resignation</a>

Indian visa centres in Bangladesh closed till further notice; Muhammad Yunus to be sworn in today to lead interim govt

<ul class="summary-list"><li>Hush-money prosecutors want to know early if Trump plans to use an advice-of-counsel defense.</li><li>They want a Manhattan judge to make Trump reveal any such plan six weeks before his March 25 trial.</li></ul>Donald Trump's hush-money prosecutors have asked a Manhattan judge to force him to reveal by February 12 whether he'll mount an advice-of-counsel defense when the case goes to trial six weeks later.In such a defense, Trump would claim to jurors that he can't be held responsible <a target="_blank" href="https://www.businessinsider.com/trump-indicted-new-york-stormy-daniels-hush-money-payment-2023-3">for allegedly falsifying business documents to hide a 2016 hush-money payment to porn actress Stormy Daniels</a> — because he was acting on legal advice.Trump has repeatedly said in court filings and public statements that he is blameless in what he's called the "Stormy nonsense" because he placed "full Reliance on the JUDGEMENT &amp; ADVICE OF COUNCIL [sic]," as he put it in a social media post a year ago.Ordering Trump to give advance notice of an advice-of-counsel defense "will avoid the risk of significant trial disruption," <a target="_blank" href="https://www.documentcloud.org/documents/24253964-hush-money-da-advice-of-counsel-motion-20231215">lead prosecutor Matthew Colangelo wrote to Manhattan Supreme Court Justice Juan Merchan.</a>Prosecutors additionally want Merchan to order Trump to "produce all discoverable communications related to that defense," including those between Trump and any relevant attorneys, by the same February 12 deadline.<a target="_blank" href="https://www.documentcloud.org/documents/24253947-hush-money-trump-advice-of-counsel-filing-20240104">But in a response filed on Thursday</a>, Trump's lawyers said he wants to wait until other pretrial motions are decided before he'll formally disclose if he'll seek an advice-of-counsel defense."Despite the People's suggestions to the contrary, President Trump has not indicated that he will assert an advice-of-counsel defense," his lawyers, Susan Necheles and Todd Blanche, said in Thursday's filing.They also argued that New York law and legal precedent do not require he tip his hand, pre-trial, on an advice-of-counsel defense.State trial-procedure laws only require defendants to give advance notice of an insanity defense, an alibi defense, and defenses for certain offenses involving computers.Trump would be willing to provide prosecutors with notice of his intent to assert an advice-of-counsel defense two weeks before the March 25 trial date, assuming Merchan rules on pre-trial motions by March 4, his lawyers wrote Thursday.In their own filing, prosecutors complained that Trump has sown some confusion around an advice-of-counsel defense, at one point last month naming six lawyers he plans to call as witnesses only to later remove them from his list.They say a February 12 deadline would give them the necessary time to prepare and serve any trial subpoenas that may be required to investigate Trump's blame-the-lawyers defense.They also note that "Just last month, the federal court presiding over this defendant's criminal prosecution in the District of Columbia entered an order directing defendants to 'provide formal notice whether he intends to assert an advice-of-counsel defense' seven weeks before the start of trial in that case."Trump has been ordered to return to court on the hush-money case on February 15. The judge has said that on that date, he'll issue decisions on pretrial motions <a target="_blank" href="https://www.businessinsider.com/trump-asks-to-delay-march-hush-money-trial-no-luck-2023-9#:~:text=Trump%20keeps%20asking%20to%20move,he's%20overbooked%20with%20criminal%20trials&amp;text=Trump%20has%20repeatedly%20asked%20the,a%20month%2C%20his%20lawyer%20argued.">and confirm or move the trial date.</a>Trump pleaded not guilty in April to 34 felony counts of falsifying business records.Prosecutors allege the records were falsified to hide a secret $130,000 payment that silenced Daniels just days before the 2016 election, thereby improperly influencing the election's outcome.The charge carries a potential sentence of <a target="_blank" href="https://www.businessinsider.com/trump-risks-zero-to-4-years-jail-ny-hush-money-2023-1">anywhere from zero to four years in prison.</a>

Trump pushes back as NY hush-money prosecutors demand early notice of any blame-the-lawyer defense

<ul class="summary-list"><li>A former Twitter employee in Ireland won about $600,000 for unfair dismissal, reports said.</li><li>Elon Musk emailed Twitter workers in 2022 telling them to commit to a "hardcore" culture — or quit.</li></ul>A former Twitter employee has reportedly been awarded 550,000 euros — about $600,000 — after he was dismissed for failing to respond to <a target="_blank" href="https://www.businessinsider.com/elon-musk">Elon Musk's </a>email demanding an "extremely hardcore" work culture. <a target="_blank" href="https://www.theguardian.com/technology/article/2024/aug/13/musk-ordered-to-pay-x-employee-470000-for-unfair-dismissal">The Guardian reported</a> that Gary Rooney, who worked at Twitter's European headquarters in Dublin, told Ireland's Workplace Relations Commission that he did not click "yes" in response to <a target="_blank" href="https://www.businessinsider.com/elon-musk-twitter-staff-commit-extremely-hardcore-work-laid-off-2022-11">the infamous email</a>.Musk sent the email in November 2022 less than a month after finalizing his <a target="_blank" href="https://www.businessinsider.com/elon-musk-twitter-reach-agreement-to-close-acquisition-deal-2022-10">$44 billion acquisition</a> of the platform. It asked <a target="_blank" href="https://www.businessinsider.com/read-musks-midnight-email-telling-twitter-staff-work-long-hours-2022-11">workers </a>to agree to work at an "extremely hardcore" pace to build "the new Twitter" or resign.The billionaire, who renamed the company X the following year, wrote: "This will mean working long hours at high intensity. Only exceptional performance will constitute a passing grade." His email added that workers should click "yes" on a link to be "part of the new Twitter," and anyone who didn't by the next day would receive three months' severance.Three days later, the company emailed Rooney saying it acknowledged his "decision to resign and accept the voluntary separation offer," the Guardian reported.Rooney later replied, "at no time have I indicated to Twitter that I am resigning my position," but the company replied that not clicking yes was "treated as you having served notice to resign your employment," <a target="_blank" class="" href="https://www.irishexaminer.com/news/arid-41455483.html">the Irish Examiner reported</a>.Rooney said in an evidence hearing that he thought the email might have been malware and was wary of opening it, according to the Guardian.The Workplace Relations Commission adjudicator said in the document outlining his decision that Musk's 24-hour period for replying to his ultimatum was not "reasonable notice," the outlet added. A spokesperson for Ireland's Department of Enterprise, Trade and Employment told Business Insider the decision in the case was issued Monday but said it would only be published on August 26 "to afford the parties the opportunity to consider it in full."Rooney had worked at Twitter since September 2013 and was a source-to-pay director when he left the company, according to his LinkedIn. Neither he nor X immediately responded to requests for comment from BI.

You Searched For "demand notice" and got 12 results

Hero MotoCorp gets over Rs 17 crore tax notice from Delhi GST authorities

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India serves notice to Pakistan seeking review of Indus Water Treaty

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What the roller coaster earnings at ASML and TSMC tell us about demand for AI chips

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Airbnb's ongoing battle with hotels for travelers has taken a noticeable turn

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The first US presidential debate will have some noticeable differences

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EV-iction notice: Why are electric vehicle owners switching back to petrol and diesel (ICE) cars?

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X told to pay $600,000 to ex-Twitter worker who was dismissed for not responding to Elon Musk's 'extremely hardcore' demand, reports say

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