Tipu Sultan's sword, royal treasures in Sotheby's auction

October 3, 2013

Tipu_SultanLondon, Oct 3: Weapons, rare paintings, pottery as well as jewelled treasures that once belonged to Tipu Sultan, Deccan kingdoms, the Mughals and among other royals are included in Sotheby's first-ever auction of Imperial India here on October 9.

"Art of Imperial India," an auction comprising 90 objects encompassing almost 500 years of every kind of decorative art produced in the region.

"The sale will include works of museum quality, rarity and beauty spanning five centuries. With this diversity we have already attracted a great deal of international interest," Benedict Carter, Director, Head of Auction Sales Middle East said in a statement.

Among the auction highlights are eleven works relating to Tipu Sultan, 'Tiger of Mysore' (1750–1799).

The sword fitted with a captured English blade, taken as booty during the storming of the fortress of Seringapatam by the British in May 1799 and decorated with Tipu's personal emblem, the 'bubri', or tiger-stripe motif, has been estimated to fetch between 80,000-120,000 pounds.

An 18th century diamond-set and enamelled gold tray and casket (pandan) is expected to go under the hammer and fetch an estimated 200,000 – 300,000 pounds.

A further highlight is an 11-bore silver-mounted flintlock duck gun from the personal armoury of Tipu Sultan, signed Sayyid Ma'sum, Patam, dated Mawludi year 1218 (1789-90), has an estimated auction price ranging between 80,000-100,000 pounds.

A gem-set gold dagger and scabbard, Mughal, circa 1700, has been estimated to fetch between 80,000-120,000 pounds.

A monumental Pahari style painting depicting an enthroned Rama and Sita circa 1830-40, has been estimated to fetch between 100,000-150,000 pounds.

"The Rich Man and Lazarus" an early 17th century Mughal drawing after an engraving by Jan Sadeler of Jacopo Bassan's painting Indian, has been estimated to fetch between 10,000-15,000 pounds.

A portrait of a nobleman with a dog, attributable to a follower of well-known Perso-Mughal-Deccani artist Farrukh Beg, possibly Muhammad Ali, Mughal, early 17th century has been estimated to fetch between 60,000-80,000 pounds.

The composition of a princely youth standing or seated in front of blossoming trees was a popular one in Persian and Mughal painting of this period.

Sotheby had previously conducted sales of Indian Art in April and May 2011 which fetched the auctioneers record sales of Stuart Cary Welch's collection.

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Agencies
May 20,2020

In a bid to help struggling small businesses in Covid-19 times, Facebook has introduced Shops to help set up a single online store for customers to access on both Facebook and Instagram.

While Facebook Shops is being rolled out from Wednesday, the company will introduce Instagram Shop, a new way to discover and buy products in Instagram Explore, this summer, starting in the US.

The social networking giant also announced that it will invest in features across its family of apps to inspire people to shop and make buying and selling online easier.

"Creating a Facebook Shop is free and simple. Businesses can choose the products they want to feature from their catalogue and then customise the look and feel of their shop with a cover image and accent colours that showcase their brand," Facebook said in a statement late Tuesday.

Any seller, no matter their size or budget, can bring their business online and connect with customers wherever and whenever it's convenient for them.

People can find Facebook Shops on a business' Facebook Page or Instagram profile, or discover them through stories or ads.

"From there, you can browse the full collection, save products you're interested in and place an order — either on the business' website or without leaving the app if the business has enabled checkout in the US," informed the company.

Last month, Facebook announced $40 million in grants for 10,000 small businesses in the US to help them get through these challenging time.

The grants will go to small businesses in 34 locations where Facebook employees live and work.

The company said that in Facebook Shops, users will be able to message a business through WhatsApp, Messenger or Instagram Direct to ask questions, get support, track deliveries and more.

In the future, they will be able to view a business' shop and make purchases right within a chat in WhatsApp, Messenger or Instagram Direct.

Later this year, Facebook will add a new shop tab in the navigation bar, so people can get to Instagram Shop in just one tap.

Facebook said it is making it easier to shop for products in real time.

Soon, sellers, brands and creators will be able to tag products from their Facebook Shop or catalogue before going live and those products will be shown at the bottom of the video so people can easily tap to learn more and purchase.

"We're starting to test this with businesses on Facebook and Instagram, and we'll roll it out more broadly in the coming months," said the company.

Facebook is also working with partners like Shopify, BigCommerce, WooCommerce, ChannelAdvisor, CedCommerce, Cafe24, Tienda Nube and Feedonomics to support small businesses.

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Agencies
July 9,2020

Twitter has hinted that it is planning a paid subscription platform that can be reused by other teams in the future.

The news that the micro-blogging platform is building a subscription platform with a team codenamed "Gryphon" resulted in Twitter stock rising over 8% on Wednesday.

Twitter revealed its plan via a job listing that seeks a full-stack senior software engineer in New York to join "Gryphon".

Interestingly, Twitter "edited" the job listing once the news broke, removing the part about "Gryphon" and any mention of their internal team or their subscription feature. The listing said the company is looking for an Android engineer to "work on a bevy of backend engineering teams to build components that allow for experimentation to deliver the best experience possible to all of our users".

Later, Twitter users noticed that the company restored the earlier job listing that mentioned the upcoming subscription platform and "Gryphon".

A spokesperson for Twitter told CNN on Wednesday that it's only a job posting, not a product announcement.

This is not the first time Twitter has thought of a paid product. 

In 2017, it sent out a survey to users and a preview of what a premium offering of its TweetDeck app might look like, including breaking news alerts and more analytics, according to The Verge.

"We're conducting this survey to assess the interest in a new, more enhanced version of Tweetdeck. We regularly conduct user research to gather feedback about people's Twitter experience and to better inform our product investment decisions, and we're exploring several ways to make TweetDeck even more valuable for professionals," a Twitter spokesperson had said at that time.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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