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IndiaTV Business: Google News Feed: Digest for July 29, 2023

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Stock markets: Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday helped by fresh foreign fund inflows and rally in the US markets. The 30-share BSE Sensex climbed 270.39 points to 66,626.10. The broader NSE Nifty advanced 69 points to 19,748.85.

What are the penalties under Income Tax Act? Check details

Wednesday 26 July 2023 08:43 AM UTC+00
Tax evasion is a serious offense with heavy penalties (plus interest) under the Income Tax Act (Act) 1961. It is worth noting that sometimes fines are used normally, while in special cases it is at the discretion of the tax office.
Shares of Servotech Power System, a leading clean energy solutions provider, are all set to trade ex-split this week. According to information available on NSE, the board had earlier announced the sub-division (split) of equity shares in the ratio of 1:1.
The Federal Reserve raised interest rates by 0.25 percent to a 22-year high on Wednesday, as it plans to expand further this year. The Federal Open Market Committee (FOMC) is expected to continue the fiscal year tightening, raising the Fed funds rate from 5.25% to 5.5%.
Stock markets: Aided by sustained buying by foreign institutional investors and value-buying in bellwether stocks, equity benchmark indices Sensex and Nifty continued their upward movement in early trade on Thursday. Indices are expected to stay in the positive territory after the US Federal Reserve's move on interest rate hike came in on expected lines, traders said.

Air India plans to operate flights to THESE US cities

Thursday 27 July 2023 09:05 AM UTC+00
Tata Group-owned Air India is planning to expand its base in the US and various cities and is assessing potential new destinations, according to news agency PTI sources. Currently, the airline operates non-stop flights to five American cities, which are, Washington, DC, New York, New Jersey, Chicago and San Francisco.
Due to the air conditioner (AC), we can sleep peacefully even in the scorching heat. Access to air-conditioners (ACs) can have an exceptionally huge effect on one's capacity to adapt to summer in enormous parts of the country. It is difficult to ascertain from traditional sources of data on assets in Indian households how many households currently have ACs. The 2011 decadal census, which has data on different sorts of resources like radio/television or bikes/vehicles or PC and the internet didn't look for data about responsibility. 
Ujjivan Small Finance Bank on Thursday posted a 60 per cent rise in net profit at Rs 324 crore in the June quarter, helped by a decline in bad loans. The bank had posted a net profit of Rs 203 crore in the year-ago period.
Qatar Airways said Thursday it earned a profit of USD 1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup. Qatar Airways, like other carriers in Gulf Arab nations, relies on the country's location to ferry passengers between the East and West. Its earned revenue of USD 20.9 billion over the year is up from USD 14.4 billion the year before.
RBI rules change: From August 1, 2023, various changes linked to GST, payments system will come into effect. Changes may also occur in LPG, PNG and commerical gas prices. These changes directly impact a common man's budget as they are linked to various financial tasks. Let's take a look at financial services with respect to their availability and expected change in rules.       
Shares of Servotech Power System, a leading clean energy solutions provider, are all set to trade ex-split this week. According to information available on NSE, the board had earlier announced the sub-division (split) of equity shares in the ratio of 1:1.
The Federal Reserve raised interest rates by 0.25 percent to a 22-year high on Wednesday, as it plans to expand further this year. The Federal Open Market Committee (FOMC) is expected to continue the fiscal year tightening, raising the Fed funds rate from 5.25% to 5.5%.
Stock markets: Aided by sustained buying by foreign institutional investors and value-buying in bellwether stocks, equity benchmark indices Sensex and Nifty continued their upward movement in early trade on Thursday. Indices are expected to stay in the positive territory after the US Federal Reserve's move on interest rate hike came in on expected lines, traders said.

Air India plans to operate flights to THESE US cities

Thursday 27 July 2023 09:05 AM UTC+00
Tata Group-owned Air India is planning to expand its base in the US and various cities and is assessing potential new destinations, according to news agency PTI sources. Currently, the airline operates non-stop flights to five American cities, which are, Washington, DC, New York, New Jersey, Chicago and San Francisco.
Due to the air conditioner (AC), we can sleep peacefully even in the scorching heat. Access to air-conditioners (ACs) can have an exceptionally huge effect on one's capacity to adapt to summer in enormous parts of the country. It is difficult to ascertain from traditional sources of data on assets in Indian households how many households currently have ACs. The 2011 decadal census, which has data on different sorts of resources like radio/television or bikes/vehicles or PC and the internet didn't look for data about responsibility. 
Ujjivan Small Finance Bank on Thursday posted a 60 per cent rise in net profit at Rs 324 crore in the June quarter, helped by a decline in bad loans. The bank had posted a net profit of Rs 203 crore in the year-ago period.
Qatar Airways said Thursday it earned a profit of USD 1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup. Qatar Airways, like other carriers in Gulf Arab nations, relies on the country's location to ferry passengers between the East and West. Its earned revenue of USD 20.9 billion over the year is up from USD 14.4 billion the year before.
The initial public offer (IPO) of Zeal Global Services Limited will open for subscription on Friday and will close on August 1. The IPO is priced at Rs 103 per share. Zeal Global Services IPO worth Rs 36.46 crore, comprises entirely of a fresh issue with no offer for sale (OFS) component. Zeal Global Services is a leading player in the Air Cargo Logistics sector.
Multibagger Stock: Steel and renewable energy stock Integra Essentia has reported robust numbers in the April-June quarter of current financial year. The stock of the life essentials company has delivered multibagger return to its investors. It has yielded 307 per cent returns in the past two years, according to exchange data.
Amid the rising demand for electric vehicle (EV) batteries, clean energy solutions provider Servotech Power Systems has announced to set up a wholly-owned subsidiary. It will mainly be engaged in the business of manufacturing and trading of batteries. The name of the subsidiary is Techbec Green Energy Private Limited.
The Federal Reserve raised interest rates by 0.25 percent to a 22-year high on Wednesday, as it plans to expand further this year. The Federal Open Market Committee (FOMC) is expected to continue the fiscal year tightening, raising the Fed funds rate from 5.25% to 5.5%.
Stock markets: Aided by sustained buying by foreign institutional investors and value-buying in bellwether stocks, equity benchmark indices Sensex and Nifty continued their upward movement in early trade on Thursday. Indices are expected to stay in the positive territory after the US Federal Reserve's move on interest rate hike came in on expected lines, traders said.

Air India plans to operate flights to THESE US cities

Thursday 27 July 2023 09:05 AM UTC+00
Tata Group-owned Air India is planning to expand its base in the US and various cities and is assessing potential new destinations, according to news agency PTI sources. Currently, the airline operates non-stop flights to five American cities, which are, Washington, DC, New York, New Jersey, Chicago and San Francisco.
Due to the air conditioner (AC), we can sleep peacefully even in the scorching heat. Access to air-conditioners (ACs) can have an exceptionally huge effect on one's capacity to adapt to summer in enormous parts of the country. It is difficult to ascertain from traditional sources of data on assets in Indian households how many households currently have ACs. The 2011 decadal census, which has data on different sorts of resources like radio/television or bikes/vehicles or PC and the internet didn't look for data about responsibility. 
Ujjivan Small Finance Bank on Thursday posted a 60 per cent rise in net profit at Rs 324 crore in the June quarter, helped by a decline in bad loans. The bank had posted a net profit of Rs 203 crore in the year-ago period.
Qatar Airways said Thursday it earned a profit of USD 1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup. Qatar Airways, like other carriers in Gulf Arab nations, relies on the country's location to ferry passengers between the East and West. Its earned revenue of USD 20.9 billion over the year is up from USD 14.4 billion the year before.
The initial public offer (IPO) of Zeal Global Services Limited will open for subscription on Friday and will close on August 1. The IPO is priced at Rs 103 per share. Zeal Global Services IPO worth Rs 36.46 crore, comprises entirely of a fresh issue with no offer for sale (OFS) component. Zeal Global Services is a leading player in the Air Cargo Logistics sector.
Multibagger Stock: Steel and renewable energy stock Integra Essentia has reported robust numbers in the April-June quarter of current financial year. The stock of the life essentials company has delivered multibagger return to its investors. It has yielded 307 per cent returns in the past two years, according to exchange data.
Amid the rising demand for electric vehicle (EV) batteries, clean energy solutions provider Servotech Power Systems has announced to set up a wholly-owned subsidiary. It will mainly be engaged in the business of manufacturing and trading of batteries. The name of the subsidiary is Techbec Green Energy Private Limited.
Stock markets: Amid foreign fund outflows and weak trends in the US markets, equity benchmark indices Sensex and Nifty declined in early trade on Friday. Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55.
Ujjivan Small Finance Bank on Thursday posted a 60 per cent rise in net profit at Rs 324 crore in the June quarter, helped by a decline in bad loans. The bank had posted a net profit of Rs 203 crore in the year-ago period.
Qatar Airways said Thursday it earned a profit of USD 1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup. Qatar Airways, like other carriers in Gulf Arab nations, relies on the country's location to ferry passengers between the East and West. Its earned revenue of USD 20.9 billion over the year is up from USD 14.4 billion the year before.
The initial public offer (IPO) of Zeal Global Services Limited will open for subscription on Friday and will close on August 1. The IPO is priced at Rs 103 per share. Zeal Global Services IPO worth Rs 36.46 crore, comprises entirely of a fresh issue with no offer for sale (OFS) component. Zeal Global Services is a leading player in the Air Cargo Logistics sector.
Multibagger Stock: Steel and renewable energy stock Integra Essentia has reported robust numbers in the April-June quarter of current financial year. The stock of the life essentials company has delivered multibagger return to its investors. It has yielded 307 per cent returns in the past two years, according to exchange data.
Amid the rising demand for electric vehicle (EV) batteries, clean energy solutions provider Servotech Power Systems has announced to set up a wholly-owned subsidiary. It will mainly be engaged in the business of manufacturing and trading of batteries. The name of the subsidiary is Techbec Green Energy Private Limited.
Stock markets: Amid foreign fund outflows and weak trends in the US markets, equity benchmark indices Sensex and Nifty declined in early trade on Friday. Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55.
Telangana ranked first among all the major States in the country with the highest per capita income at current prices for the fiscal year 2022-23, according to the Ministry of Statistics and Programme Implementation (MoSPI). With a per capita income of Rs 3,08,732, Telangana topped the list followed by Karnataka with Rs 3,01,673 and Haryana with Rs 2,96,685.
Union Finance Minister Nirmala Sitharaman on Friday said Indian companies can now go in for direct listing on foreign exchanges and on the International Financial Services Centre (IFSC) bourse in Ahmedabad. "A direct listing of securities by domestic companies will now be permissible in foreign jurisdictions. I'm also pleased to announce that the government has taken a decision to enable the direct listing of listed and unlisted companies on the IFSC exchange. So, this is a major step forward. This will facilitate access to global capital and better valuation," Sitharmanan said.
Banks in some states will be closed on 29 July 2023 for Muharram. Bank customers who want to go to branches should plan their schedules accordingly. July 29 is the tenth day of Muharram (Islamic New Year), an important day for the Muslim community. Banks will be shut down in states like Tripura, Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Hyderabad, Rajasthan, Uttar Pradesh, Bangladesh, Lucknow, New Delhi, Bihar, Chhattisgarh and Jharkhand.
Age isn't a reason with regard to Income Tax Return (ITR) filing. Relatively few citizens know that youngsters/minors are additionally expected to pay taxes and file returns, assuming they are making some income. Minors with income are responsible for paying taxes. A minor can have two sorts of income: earned and unearned; in both circumstances, ITR should be recorded, observing specific guidelines applicable to earning minors.
Qatar Airways said Thursday it earned a profit of USD 1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup. Qatar Airways, like other carriers in Gulf Arab nations, relies on the country's location to ferry passengers between the East and West. Its earned revenue of USD 20.9 billion over the year is up from USD 14.4 billion the year before.
The initial public offer (IPO) of Zeal Global Services Limited will open for subscription on Friday and will close on August 1. The IPO is priced at Rs 103 per share. Zeal Global Services IPO worth Rs 36.46 crore, comprises entirely of a fresh issue with no offer for sale (OFS) component. Zeal Global Services is a leading player in the Air Cargo Logistics sector.
Multibagger Stock: Steel and renewable energy stock Integra Essentia has reported robust numbers in the April-June quarter of current financial year. The stock of the life essentials company has delivered multibagger return to its investors. It has yielded 307 per cent returns in the past two years, according to exchange data.
Amid the rising demand for electric vehicle (EV) batteries, clean energy solutions provider Servotech Power Systems has announced to set up a wholly-owned subsidiary. It will mainly be engaged in the business of manufacturing and trading of batteries. The name of the subsidiary is Techbec Green Energy Private Limited.
Stock markets: Amid foreign fund outflows and weak trends in the US markets, equity benchmark indices Sensex and Nifty declined in early trade on Friday. Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55.
Telangana ranked first among all the major States in the country with the highest per capita income at current prices for the fiscal year 2022-23, according to the Ministry of Statistics and Programme Implementation (MoSPI). With a per capita income of Rs 3,08,732, Telangana topped the list followed by Karnataka with Rs 3,01,673 and Haryana with Rs 2,96,685.
Union Finance Minister Nirmala Sitharaman on Friday said Indian companies can now go in for direct listing on foreign exchanges and on the International Financial Services Centre (IFSC) bourse in Ahmedabad. "A direct listing of securities by domestic companies will now be permissible in foreign jurisdictions. I'm also pleased to announce that the government has taken a decision to enable the direct listing of listed and unlisted companies on the IFSC exchange. So, this is a major step forward. This will facilitate access to global capital and better valuation," Sitharmanan said.
Banks in some states will be closed on 29 July 2023 for Muharram. Bank customers who want to go to branches should plan their schedules accordingly. July 29 is the tenth day of Muharram (Islamic New Year), an important day for the Muslim community. Banks will be shut down in states like Tripura, Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Hyderabad, Rajasthan, Uttar Pradesh, Bangladesh, Lucknow, New Delhi, Bihar, Chhattisgarh and Jharkhand.
Age isn't a reason with regard to Income Tax Return (ITR) filing. Relatively few citizens know that youngsters/minors are additionally expected to pay taxes and file returns, assuming they are making some income. Minors with income are responsible for paying taxes. A minor can have two sorts of income: earned and unearned; in both circumstances, ITR should be recorded, observing specific guidelines applicable to earning minors.
Benchmark indices Sensex and Nifty declined for a second day in a row on Friday due to selling in IT and banking shares amid foreign fund outflows and weak trends in the US markets. The 30-share BSE Sensex fell by 106.62 points or 0.16 percent to settle at 66,160.20. During the day, it declined by 388.17 points or 0.58 percent to a low of 65,878.65.
Qatar Airways said Thursday it earned a profit of USD 1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup. Qatar Airways, like other carriers in Gulf Arab nations, relies on the country's location to ferry passengers between the East and West. Its earned revenue of USD 20.9 billion over the year is up from USD 14.4 billion the year before.
The initial public offer (IPO) of Zeal Global Services Limited will open for subscription on Friday and will close on August 1. The IPO is priced at Rs 103 per share. Zeal Global Services IPO worth Rs 36.46 crore, comprises entirely of a fresh issue with no offer for sale (OFS) component. Zeal Global Services is a leading player in the Air Cargo Logistics sector.
Multibagger Stock: Steel and renewable energy stock Integra Essentia has reported robust numbers in the April-June quarter of current financial year. The stock of the life essentials company has delivered multibagger return to its investors. It has yielded 307 per cent returns in the past two years, according to exchange data.
Amid the rising demand for electric vehicle (EV) batteries, clean energy solutions provider Servotech Power Systems has announced to set up a wholly-owned subsidiary. It will mainly be engaged in the business of manufacturing and trading of batteries. The name of the subsidiary is Techbec Green Energy Private Limited.
Stock markets: Amid foreign fund outflows and weak trends in the US markets, equity benchmark indices Sensex and Nifty declined in early trade on Friday. Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55.
Telangana ranked first among all the major States in the country with the highest per capita income at current prices for the fiscal year 2022-23, according to the Ministry of Statistics and Programme Implementation (MoSPI). With a per capita income of Rs 3,08,732, Telangana topped the list followed by Karnataka with Rs 3,01,673 and Haryana with Rs 2,96,685.
Union Finance Minister Nirmala Sitharaman on Friday said Indian companies can now go in for direct listing on foreign exchanges and on the International Financial Services Centre (IFSC) bourse in Ahmedabad. "A direct listing of securities by domestic companies will now be permissible in foreign jurisdictions. I'm also pleased to announce that the government has taken a decision to enable the direct listing of listed and unlisted companies on the IFSC exchange. So, this is a major step forward. This will facilitate access to global capital and better valuation," Sitharmanan said.
Banks in some states will be closed on 29 July 2023 for Muharram. Bank customers who want to go to branches should plan their schedules accordingly. July 29 is the tenth day of Muharram (Islamic New Year), an important day for the Muslim community. Banks will be shut down in states like Tripura, Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Hyderabad, Rajasthan, Uttar Pradesh, Bangladesh, Lucknow, New Delhi, Bihar, Chhattisgarh and Jharkhand.
Age isn't a reason with regard to Income Tax Return (ITR) filing. Relatively few citizens know that youngsters/minors are additionally expected to pay taxes and file returns, assuming they are making some income. Minors with income are responsible for paying taxes. A minor can have two sorts of income: earned and unearned; in both circumstances, ITR should be recorded, observing specific guidelines applicable to earning minors.
Benchmark indices Sensex and Nifty declined for a second day in a row on Friday due to selling in IT and banking shares amid foreign fund outflows and weak trends in the US markets. The 30-share BSE Sensex fell by 106.62 points or 0.16 percent to settle at 66,160.20. During the day, it declined by 388.17 points or 0.58 percent to a low of 65,878.65.
Multibagger Stock: Steel and renewable energy stock Integra Essentia has reported robust numbers in the April-June quarter of current financial year. The stock of the life essentials company has delivered multibagger return to its investors. It has yielded 307 per cent returns in the past two years, according to exchange data.
Amid the rising demand for electric vehicle (EV) batteries, clean energy solutions provider Servotech Power Systems has announced to set up a wholly-owned subsidiary. It will mainly be engaged in the business of manufacturing and trading of batteries. The name of the subsidiary is Techbec Green Energy Private Limited.
Stock markets: Amid foreign fund outflows and weak trends in the US markets, equity benchmark indices Sensex and Nifty declined in early trade on Friday. Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55.
Telangana ranked first among all the major States in the country with the highest per capita income at current prices for the fiscal year 2022-23, according to the Ministry of Statistics and Programme Implementation (MoSPI). With a per capita income of Rs 3,08,732, Telangana topped the list followed by Karnataka with Rs 3,01,673 and Haryana with Rs 2,96,685.
Union Finance Minister Nirmala Sitharaman on Friday said Indian companies can now go in for direct listing on foreign exchanges and on the International Financial Services Centre (IFSC) bourse in Ahmedabad. "A direct listing of securities by domestic companies will now be permissible in foreign jurisdictions. I'm also pleased to announce that the government has taken a decision to enable the direct listing of listed and unlisted companies on the IFSC exchange. So, this is a major step forward. This will facilitate access to global capital and better valuation," Sitharmanan said.
Banks in some states will be closed on 29 July 2023 for Muharram. Bank customers who want to go to branches should plan their schedules accordingly. July 29 is the tenth day of Muharram (Islamic New Year), an important day for the Muslim community. Banks will be shut down in states like Tripura, Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Hyderabad, Rajasthan, Uttar Pradesh, Bangladesh, Lucknow, New Delhi, Bihar, Chhattisgarh and Jharkhand.
Age isn't a reason with regard to Income Tax Return (ITR) filing. Relatively few citizens know that youngsters/minors are additionally expected to pay taxes and file returns, assuming they are making some income. Minors with income are responsible for paying taxes. A minor can have two sorts of income: earned and unearned; in both circumstances, ITR should be recorded, observing specific guidelines applicable to earning minors.
Benchmark indices Sensex and Nifty declined for a second day in a row on Friday due to selling in IT and banking shares amid foreign fund outflows and weak trends in the US markets. The 30-share BSE Sensex fell by 106.62 points or 0.16 percent to settle at 66,160.20. During the day, it declined by 388.17 points or 0.58 percent to a low of 65,878.65.
Semicon India 2023: Prime Minister Narendra Modi on Friday said that the government will give technology firms 50 per cent financial assistance for setting up semiconductor manufacturing facilities in the country.
Go First news: Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 30. "Due to operational reasons, Go First flights until 30th July 2023 are cancelled. We apologise for the inconvenience caused," it wrote on Twitter today (July 27).
Multibagger Stock: Steel and renewable energy stock Integra Essentia has reported robust numbers in the April-June quarter of current financial year. The stock of the life essentials company has delivered multibagger return to its investors. It has yielded 307 per cent returns in the past two years, according to exchange data.
Amid the rising demand for electric vehicle (EV) batteries, clean energy solutions provider Servotech Power Systems has announced to set up a wholly-owned subsidiary. It will mainly be engaged in the business of manufacturing and trading of batteries. The name of the subsidiary is Techbec Green Energy Private Limited.
Stock markets: Amid foreign fund outflows and weak trends in the US markets, equity benchmark indices Sensex and Nifty declined in early trade on Friday. Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55.
Telangana ranked first among all the major States in the country with the highest per capita income at current prices for the fiscal year 2022-23, according to the Ministry of Statistics and Programme Implementation (MoSPI). With a per capita income of Rs 3,08,732, Telangana topped the list followed by Karnataka with Rs 3,01,673 and Haryana with Rs 2,96,685.
Union Finance Minister Nirmala Sitharaman on Friday said Indian companies can now go in for direct listing on foreign exchanges and on the International Financial Services Centre (IFSC) bourse in Ahmedabad. "A direct listing of securities by domestic companies will now be permissible in foreign jurisdictions. I'm also pleased to announce that the government has taken a decision to enable the direct listing of listed and unlisted companies on the IFSC exchange. So, this is a major step forward. This will facilitate access to global capital and better valuation," Sitharmanan said.
Banks in some states will be closed on 29 July 2023 for Muharram. Bank customers who want to go to branches should plan their schedules accordingly. July 29 is the tenth day of Muharram (Islamic New Year), an important day for the Muslim community. Banks will be shut down in states like Tripura, Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Hyderabad, Rajasthan, Uttar Pradesh, Bangladesh, Lucknow, New Delhi, Bihar, Chhattisgarh and Jharkhand.
Age isn't a reason with regard to Income Tax Return (ITR) filing. Relatively few citizens know that youngsters/minors are additionally expected to pay taxes and file returns, assuming they are making some income. Minors with income are responsible for paying taxes. A minor can have two sorts of income: earned and unearned; in both circumstances, ITR should be recorded, observing specific guidelines applicable to earning minors.
Benchmark indices Sensex and Nifty declined for a second day in a row on Friday due to selling in IT and banking shares amid foreign fund outflows and weak trends in the US markets. The 30-share BSE Sensex fell by 106.62 points or 0.16 percent to settle at 66,160.20. During the day, it declined by 388.17 points or 0.58 percent to a low of 65,878.65.
Semicon India 2023: Prime Minister Narendra Modi on Friday said that the government will give technology firms 50 per cent financial assistance for setting up semiconductor manufacturing facilities in the country.
Go First news: Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 30. "Due to operational reasons, Go First flights until 30th July 2023 are cancelled. We apologise for the inconvenience caused," it wrote on Twitter today (July 27).
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