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IndiaTV Business: Google News Feed: Digest for July 20, 2024

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Indian stock indices, Sensex and Nifty, continued their upward momentum, closing at new record highs on Tuesday. The Sensex ended the day at 80,716.55 points, up 0.1%, while the Nifty settled at 24,613.00 points, also up 0.1%. Despite the overall positive close, most sectoral indices ended in the red. Nifty Media saw the biggest decline at 1.03%, while Nifty Realty rose the most at 1.66%, according to NSE data.
The annual Halwa ceremony, signalling the finalisation of budget preparation for the full Budget of 2024–25, took place at North Block on Tuesday. Union Finance Minister Nirmala Sitharaman, accompanied by Minister of State Pankaj Chaudhary and senior secretaries, presided over the event. The ceremony involves the preparation of Halwa in a large 'kadhai' as a symbolic gesture before the budget documents are locked in.
The International Monetary Fund (IMF) has upheld its global growth forecast of 3.2% for 2024 in its latest World Economic Outlook update released on Tuesday. However, the IMF has adjusted projections downward for the United States and Japan due to slower-than-expected starts to the year and temporary supply chain disruptions.
The Bengaluru bench of the National Company Law Tribunal (NCLT) on Tuesday allowed bankruptcy proceedings against Edtech firm Byju's after it failed to pay Rs 158.9 crore to the cricket board BCCI. The NCLT has appointed Pankaj Srivastava as an interim resolution professional, suspended Byju's board of directors and frozen its assets.
ITR Filing 2024: Filing Income Tax Returns (ITR) is necessary as it reflects the taxpayer's income for the respective financial year. To avoid penalties, it is essential to file it before the deadline. For FY 2023-24 (Assessment Year 2024-25), the last date to file ITR is July 31, 2024. If you miss this deadline, you can still file a belated return by December 31, 2024, but it will attract penalties, which vary based on your income level.
Stock market update: Indian stock markets are closed today (July 17) in observance of the Muharram holiday, and trading will resume on Thursday. Muharram, the first month of the Islamic lunar calendar, is a significant period for Muslims worldwide. It marks the beginning of the Islamic New Year and holds great religious importance. 
Air India-Vistara merger: Air India has introduced a voluntary retirement scheme (VRS) along with a voluntary separation scheme (VSS) for its non-flying permanent staff ahead of its merger with Vistara, said sources. This is the third time Air India has offered a voluntary retirement scheme to its permanent employees since its privatisation two-and-a-half years ago. Tata Group took over the reins of Air India in January 2022.
Budget 2024: Finance Minister Nirmala Sitharaman is set to present the first budget of the Modi 3.0 government on July 23. The upcoming budget is anticipated with high expectations not only from the industry and taxpayers but also from the general public. Senior citizens are particularly hopeful that the discounts on train tickets, which were previously available to them, will be restored. This issue has been raised repeatedly, especially when the budget approaches. It's worth noting that the discount for senior citizens on train tickets has been discontinued since the COVID-19 pandemic began.
Stock markets update: A day after the Muharram holiday, share markets opened in red as equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 251.93 points to 80,464.62. Meanwhile, the Nifty declined 76.6  points to 24,536.40 points. 
Stock markets continued their record-smashing run for the fourth straight day on Thursday, with the benchmark BSE Sensex breaching the 81,000 mark for the first time and the NSE Nifty scaling a new peak at 24,800. This surge was driven by robust buying in IT, oil & gas, and FMCG shares.
The International Monetary Fund (IMF) has upheld its global growth forecast of 3.2% for 2024 in its latest World Economic Outlook update released on Tuesday. However, the IMF has adjusted projections downward for the United States and Japan due to slower-than-expected starts to the year and temporary supply chain disruptions.
The Bengaluru bench of the National Company Law Tribunal (NCLT) on Tuesday allowed bankruptcy proceedings against Edtech firm Byju's after it failed to pay Rs 158.9 crore to the cricket board BCCI. The NCLT has appointed Pankaj Srivastava as an interim resolution professional, suspended Byju's board of directors and frozen its assets.
ITR Filing 2024: Filing Income Tax Returns (ITR) is necessary as it reflects the taxpayer's income for the respective financial year. To avoid penalties, it is essential to file it before the deadline. For FY 2023-24 (Assessment Year 2024-25), the last date to file ITR is July 31, 2024. If you miss this deadline, you can still file a belated return by December 31, 2024, but it will attract penalties, which vary based on your income level.
Stock market update: Indian stock markets are closed today (July 17) in observance of the Muharram holiday, and trading will resume on Thursday. Muharram, the first month of the Islamic lunar calendar, is a significant period for Muslims worldwide. It marks the beginning of the Islamic New Year and holds great religious importance. 
Air India-Vistara merger: Air India has introduced a voluntary retirement scheme (VRS) along with a voluntary separation scheme (VSS) for its non-flying permanent staff ahead of its merger with Vistara, said sources. This is the third time Air India has offered a voluntary retirement scheme to its permanent employees since its privatisation two-and-a-half years ago. Tata Group took over the reins of Air India in January 2022.
Budget 2024: Finance Minister Nirmala Sitharaman is set to present the first budget of the Modi 3.0 government on July 23. The upcoming budget is anticipated with high expectations not only from the industry and taxpayers but also from the general public. Senior citizens are particularly hopeful that the discounts on train tickets, which were previously available to them, will be restored. This issue has been raised repeatedly, especially when the budget approaches. It's worth noting that the discount for senior citizens on train tickets has been discontinued since the COVID-19 pandemic began.
Stock markets update: A day after the Muharram holiday, share markets opened in red as equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 251.93 points to 80,464.62. Meanwhile, the Nifty declined 76.6  points to 24,536.40 points. 
Stock markets continued their record-smashing run for the fourth straight day on Thursday, with the benchmark BSE Sensex breaching the 81,000 mark for the first time and the NSE Nifty scaling a new peak at 24,800. This surge was driven by robust buying in IT, oil & gas, and FMCG shares.
Stock markets update: Equity benchmark indices opened in red in early trade on Friday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 17.92 points to 81,325.54. Meanwhile, the Nifty declined 51.65 points to 24,749.20. 
Microsoft outage: The London Stock Exchange was affected by the global outage of the IT systems around the world, Sky News reported on Friday (July 19). According to a statement posted on the exchange's website early this morning, a technical issue was being investigated with the publication of RNS – the exchange's Regulatory News Service – announcements, the report stated.
Stock market update: Indian stock markets are closed today (July 17) in observance of the Muharram holiday, and trading will resume on Thursday. Muharram, the first month of the Islamic lunar calendar, is a significant period for Muslims worldwide. It marks the beginning of the Islamic New Year and holds great religious importance. 
Air India-Vistara merger: Air India has introduced a voluntary retirement scheme (VRS) along with a voluntary separation scheme (VSS) for its non-flying permanent staff ahead of its merger with Vistara, said sources. This is the third time Air India has offered a voluntary retirement scheme to its permanent employees since its privatisation two-and-a-half years ago. Tata Group took over the reins of Air India in January 2022.
Budget 2024: Finance Minister Nirmala Sitharaman is set to present the first budget of the Modi 3.0 government on July 23. The upcoming budget is anticipated with high expectations not only from the industry and taxpayers but also from the general public. Senior citizens are particularly hopeful that the discounts on train tickets, which were previously available to them, will be restored. This issue has been raised repeatedly, especially when the budget approaches. It's worth noting that the discount for senior citizens on train tickets has been discontinued since the COVID-19 pandemic began.
Stock markets update: A day after the Muharram holiday, share markets opened in red as equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 251.93 points to 80,464.62. Meanwhile, the Nifty declined 76.6  points to 24,536.40 points. 
Stock markets continued their record-smashing run for the fourth straight day on Thursday, with the benchmark BSE Sensex breaching the 81,000 mark for the first time and the NSE Nifty scaling a new peak at 24,800. This surge was driven by robust buying in IT, oil & gas, and FMCG shares.
Stock markets update: Equity benchmark indices opened in red in early trade on Friday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 17.92 points to 81,325.54. Meanwhile, the Nifty declined 51.65 points to 24,749.20. 
Microsoft outage: The London Stock Exchange was affected by the global outage of the IT systems around the world, Sky News reported on Friday (July 19). According to a statement posted on the exchange's website early this morning, a technical issue was being investigated with the publication of RNS – the exchange's Regulatory News Service – announcements, the report stated.
The BSE Sensex, after reaching a new all-time high of 81,587.76 in early trading, tumbled 738.81 points or 0.91%, to settle at 80,604.65. During the day, it had plummeted by as much as 844.36 points or 1.03% to 80,499.10. This decline came a day after the Sensex breached the 81,000 mark for the first time. Similarly, the NSE Nifty dropped 269.95 points or 1.09%, ending at 24,530.90 after peaking at 24,854.80 in the opening session. During the day, it declined by 292.7 points or 1.18% to 24,508.15.
India's foreign exchange reserves jumped by USD 9.699 billion, reaching an all-time high of USD 666.854 billion for the week ended July 12, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous reporting week, reserves had risen by USD 5.158 billion, climbing to USD 657.155 billion, surpassing the earlier high of USD 655.817 billion recorded for the week ended June 7.
The Reserve Bank of India (RBI) announced on Friday that the Indian financial sector has largely remained unaffected by the global outage in Microsoft services. According to the RBI, only 10 banks and non-banking financial companies (NBFCs) experienced minor disruptions.
Stock market update: Indian stock markets are closed today (July 17) in observance of the Muharram holiday, and trading will resume on Thursday. Muharram, the first month of the Islamic lunar calendar, is a significant period for Muslims worldwide. It marks the beginning of the Islamic New Year and holds great religious importance. 
Air India-Vistara merger: Air India has introduced a voluntary retirement scheme (VRS) along with a voluntary separation scheme (VSS) for its non-flying permanent staff ahead of its merger with Vistara, said sources. This is the third time Air India has offered a voluntary retirement scheme to its permanent employees since its privatisation two-and-a-half years ago. Tata Group took over the reins of Air India in January 2022.
Budget 2024: Finance Minister Nirmala Sitharaman is set to present the first budget of the Modi 3.0 government on July 23. The upcoming budget is anticipated with high expectations not only from the industry and taxpayers but also from the general public. Senior citizens are particularly hopeful that the discounts on train tickets, which were previously available to them, will be restored. This issue has been raised repeatedly, especially when the budget approaches. It's worth noting that the discount for senior citizens on train tickets has been discontinued since the COVID-19 pandemic began.
Stock markets update: A day after the Muharram holiday, share markets opened in red as equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 251.93 points to 80,464.62. Meanwhile, the Nifty declined 76.6  points to 24,536.40 points. 
Stock markets continued their record-smashing run for the fourth straight day on Thursday, with the benchmark BSE Sensex breaching the 81,000 mark for the first time and the NSE Nifty scaling a new peak at 24,800. This surge was driven by robust buying in IT, oil & gas, and FMCG shares.
Stock markets update: Equity benchmark indices opened in red in early trade on Friday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 17.92 points to 81,325.54. Meanwhile, the Nifty declined 51.65 points to 24,749.20. 
Microsoft outage: The London Stock Exchange was affected by the global outage of the IT systems around the world, Sky News reported on Friday (July 19). According to a statement posted on the exchange's website early this morning, a technical issue was being investigated with the publication of RNS – the exchange's Regulatory News Service – announcements, the report stated.
The BSE Sensex, after reaching a new all-time high of 81,587.76 in early trading, tumbled 738.81 points or 0.91%, to settle at 80,604.65. During the day, it had plummeted by as much as 844.36 points or 1.03% to 80,499.10. This decline came a day after the Sensex breached the 81,000 mark for the first time. Similarly, the NSE Nifty dropped 269.95 points or 1.09%, ending at 24,530.90 after peaking at 24,854.80 in the opening session. During the day, it declined by 292.7 points or 1.18% to 24,508.15.
India's foreign exchange reserves jumped by USD 9.699 billion, reaching an all-time high of USD 666.854 billion for the week ended July 12, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous reporting week, reserves had risen by USD 5.158 billion, climbing to USD 657.155 billion, surpassing the earlier high of USD 655.817 billion recorded for the week ended June 7.
The Reserve Bank of India (RBI) announced on Friday that the Indian financial sector has largely remained unaffected by the global outage in Microsoft services. According to the RBI, only 10 banks and non-banking financial companies (NBFCs) experienced minor disruptions.
Stock market update: Indian stock markets are closed today (July 17) in observance of the Muharram holiday, and trading will resume on Thursday. Muharram, the first month of the Islamic lunar calendar, is a significant period for Muslims worldwide. It marks the beginning of the Islamic New Year and holds great religious importance. 
Air India-Vistara merger: Air India has introduced a voluntary retirement scheme (VRS) along with a voluntary separation scheme (VSS) for its non-flying permanent staff ahead of its merger with Vistara, said sources. This is the third time Air India has offered a voluntary retirement scheme to its permanent employees since its privatisation two-and-a-half years ago. Tata Group took over the reins of Air India in January 2022.
Budget 2024: Finance Minister Nirmala Sitharaman is set to present the first budget of the Modi 3.0 government on July 23. The upcoming budget is anticipated with high expectations not only from the industry and taxpayers but also from the general public. Senior citizens are particularly hopeful that the discounts on train tickets, which were previously available to them, will be restored. This issue has been raised repeatedly, especially when the budget approaches. It's worth noting that the discount for senior citizens on train tickets has been discontinued since the COVID-19 pandemic began.
Stock markets update: A day after the Muharram holiday, share markets opened in red as equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 251.93 points to 80,464.62. Meanwhile, the Nifty declined 76.6  points to 24,536.40 points. 
Stock markets continued their record-smashing run for the fourth straight day on Thursday, with the benchmark BSE Sensex breaching the 81,000 mark for the first time and the NSE Nifty scaling a new peak at 24,800. This surge was driven by robust buying in IT, oil & gas, and FMCG shares.
Stock markets update: Equity benchmark indices opened in red in early trade on Friday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 17.92 points to 81,325.54. Meanwhile, the Nifty declined 51.65 points to 24,749.20. 
Microsoft outage: The London Stock Exchange was affected by the global outage of the IT systems around the world, Sky News reported on Friday (July 19). According to a statement posted on the exchange's website early this morning, a technical issue was being investigated with the publication of RNS – the exchange's Regulatory News Service – announcements, the report stated.
The BSE Sensex, after reaching a new all-time high of 81,587.76 in early trading, tumbled 738.81 points or 0.91%, to settle at 80,604.65. During the day, it had plummeted by as much as 844.36 points or 1.03% to 80,499.10. This decline came a day after the Sensex breached the 81,000 mark for the first time. Similarly, the NSE Nifty dropped 269.95 points or 1.09%, ending at 24,530.90 after peaking at 24,854.80 in the opening session. During the day, it declined by 292.7 points or 1.18% to 24,508.15.
India's foreign exchange reserves jumped by USD 9.699 billion, reaching an all-time high of USD 666.854 billion for the week ended July 12, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous reporting week, reserves had risen by USD 5.158 billion, climbing to USD 657.155 billion, surpassing the earlier high of USD 655.817 billion recorded for the week ended June 7.
The Reserve Bank of India (RBI) announced on Friday that a global Microsoft services outage affected 10 banks and non-banking financial companies (NBFCs) in India, causing minor disruptions which have either been resolved or are in the process of being resolved.
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