Ontario

A number of multinational companies have recently announced mass layoffs, affecting thousands of employees. Some of the top companies like Twitter, Meta, Google and Amazon are compensating their employees while terminating their services to save on rising operational expenses. The idea behind making this payment is to ensure that the employees have enough to survive on before they get employed at any other place. However, is the severance pay subject to taxation? if the answer is yes, then how is it taxed?

India marked an ambitious ban on the use of a select group of low-utility plastic items with high litter potential, ranging from earbuds to plastic cutlery and ice-cream sticks

This marks the pension fund joining the marquee names such as CPPIB and CDPQThis comes in the backdrop of Canadian pension funds being uniquely positioned to invest directly into the infrastructure space

Canadian fund Ontario Teachers Pension Plan and other wealth funds also join Kedaara Capital's new fundraising

The potential in solar power sector is drawing global pension funds including Canada Pension Plan Investment Board, Caisse de dpt et placement du Qubec and Ontario Teacher's Pension Plan

Around $100 million will come in the form of equity capital from Kedaara-led consortium and the rest in the form of debt capital from IndusInd Bank, Yes Bank and ICICI Bank

The funds from Luxembourg's Clouse SA are part of the $200 million that Snapdeal raised in February from Ontario pension fund, others

Apart from the Ontario Teachers' Pension Plan, venture capital fund Iron Pillar takes part in e-commerce firm's latest funding round

Snapdeal didn't disclose its current valuation

Quarterly revenue fell 31% to $548 million from a year earlier, but rose 12% from the prior quarter, after nine consecutive quarters of declines