Reddit

Net direct tax collections exceed 2023-24 target

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Net direct tax collections exceed 2023-24 target

India’s net direct tax collections grew 17.7% in 2023-24 to hit ₹19.58 lakh crore, with personal income taxes contributing 53.3% and corporate taxes contributing 46.5%. March saw the second-highest gross GST revenue of ₹1.78 lakh crore, lifting FY24 collections to ₹20.2 lakh crore. The gross direct tax kitty for 2023-24 stood at ₹23.37 lakh crore, exceeding the target by 97%. Refunds for tax made in 2023-24 rose 22.74% to ₹3.79 lakh crore.

Trump, ’s media company surges for second day after stellar debut

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Trump, ’s media company surges for second day after stellar debut

Shares of Trump Media & Technology Group surged 17% on Wednesday, fueled by retail investors including supporters of former President Donald Trump.

Reddit guides IPO may price at top of range or above

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Reddit guides IPO may price at top of range or above

Reddit and its bankers are considering pricing the company’s initial public offering (IPO) at the top of the indicated range or above. The San Francisco-based company aims for a valuation of .5 billion in the IPO, with share prices between and . If priced at the top end, the IPO would raise 8 million. Reddit confidentially filed for its IPO in December 2021 but delayed it due to market conditions. The IPO is highly anticipated, with shares expected to begin trading on a Thursday. The offering is between four and five times oversubscribed, indicating strong investor interest. Reddit has reserved 8% of the shares for eligible users, moderators, certain board members, and friends and family of employees and directors. The company declined to comment on the pricing plans, which were initially reported by Bloomberg News. Morgan Stanley, Goldman Sachs, J.P. Morgan, and Bank of America Securities are the lead underwriters, with shares to be listed on the New York Stock Exchange under the symbol “RDDT.”