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IndiaTV Business: Google News Feed: Digest for August 02, 2024

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Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 67 points to 81,423.53. Meanwhile, the Nifty was also up by 25 points to 24,861.35.
New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments (FDI) from China, as was pitched by the Economic Survey recently. He said it was a report that always speaks about new ideas and gives out their own thinking. The Survey, he said, is not at all binding on the government and there is no thinking on supporting Chinese investments in the country. "There is no rethinking at present to support Chinese investments in the country," the minister told reporters.
Union Minister Piyush Goyal on Tuesday (July 30) said that there India is not rethinking to support foreign direct investments (FDI) from China as was projected by the Economic Survey tabled in the Lok Sabha before the presentation of Union Budget 2024-25. He said it was a report that always speaks about new ideas and gives out their own thinking.

Lok Sabha approves Union Budget 2024-25

Tuesday 30 July 2024 01:38 PM UTC+00
The Lok Sabha on Tuesday passed the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman on July 23. The budget, worth Rs 48.21 lakh crore, was approved by a voice vote. Along with the Union Budget, the lower house of the Parliament also approved the budget of the Union Territory of Jammu and Kashmir with a voice vote.
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 79 points to 81,535.12 Meanwhile, the Nifty was also up by 15 points to 24,872.50.
ITR filing 2024:  The government has dismissed the social media claims suggesting that the deadline for filing Income Tax Returns (ITR) has been extended to August 31. It said that a clipping of the news which is being circulated on social media is fake. The last date to file ITR for FY2023-24 is July 31, 2024. The confusion stemmed from a misinterpretation of advice from the Press Registrar General of India, which was mistakenly understood as an extension of the filing deadline.
Boeing lost more than USD 1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week. Robert "Kelly" Ortberg, 64, a former CEO at Rockwell Collins, will succeed as CEO, the company said.
Income Tax Returns: Today, July 31, is the final day for filing Income Tax Returns (ITR). If you have already filed your ITR, you may now be waiting for your tax refund. Refunds are deposited only in verified bank accounts through the Electronic Clearing Service (ECS), and the account holder's name must match the name on the PAN card.
The Income Tax Department reported that over 7 crore income tax returns (ITRs) have been filed by 7 PM on Wednesday, the final day for filing ITRs for the fiscal year 2023-24.  The department posted on X (formerly Twitter), "More than 7 crore ITRs have been filed so far (31st July), out of which over 50 lakh ITRs have been filed today till 7 PM!"
A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut down temporarily, news agency Reuters reported citing sources. The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said. The Reserve Bank of India, the country's banking and payment system regulator, did not respond to Reuters' request for comment.
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 79 points to 81,535.12 Meanwhile, the Nifty was also up by 15 points to 24,872.50.
ITR filing 2024:  The government has dismissed the social media claims suggesting that the deadline for filing Income Tax Returns (ITR) has been extended to August 31. It said that a clipping of the news which is being circulated on social media is fake. The last date to file ITR for FY2023-24 is July 31, 2024. The confusion stemmed from a misinterpretation of advice from the Press Registrar General of India, which was mistakenly understood as an extension of the filing deadline.
Boeing lost more than USD 1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week. Robert "Kelly" Ortberg, 64, a former CEO at Rockwell Collins, will succeed as CEO, the company said.
Income Tax Returns: Today, July 31, is the final day for filing Income Tax Returns (ITR). If you have already filed your ITR, you may now be waiting for your tax refund. Refunds are deposited only in verified bank accounts through the Electronic Clearing Service (ECS), and the account holder's name must match the name on the PAN card.
The Income Tax Department reported that over 7 crore income tax returns (ITRs) have been filed by 7 PM on Wednesday, the final day for filing ITRs for the fiscal year 2023-24.  The department posted on X (formerly Twitter), "More than 7 crore ITRs have been filed so far (31st July), out of which over 50 lakh ITRs have been filed today till 7 PM!"
A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut down temporarily, news agency Reuters reported citing sources. The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said. The Reserve Bank of India, the country's banking and payment system regulator, did not respond to Reuters' request for comment.
Stock markets update: In a positive start to the trading day, benchmark stock market indices saw significant gains on Thursday. The Sensex surged by over 300 points, reaching a record high, while the Nifty50 crossed the 25,000 mark for the first time in history. In the early trade, the 30-share BSE Sensex climbed 334.83 points at 82,076.17. Meanwhile, the Nifty was also up by 104.70 points to  25,055.85.
New FASTag rules: The National Payments Corporation of India (NPCI) has rolled out new guidelines for FASTag users, which took effect from Thursday, August 1. These updated guidelines primarily focus on updated Know Your Customer (KYC) requirements, aiming to bolster the efficiency and security of the electronic toll collection system across the country. FASTag, a widely used pre-paid tag facility, has revolutionised the way vehicles pass through toll plazas, enabling non-stop movement and reducing congestion. However, to maintain the integrity of this system and ensure seamless service, the NPCI has now mandated that all FASTag users update their KYC information.
The Sensex closed at a new all-time high of 81,867.55, rising 126 points, while the Nifty scaled the historic 25,000 mark for the first time, closing at 25,010.90. Gains in banking and oil shares, along with positive cues from the US Federal Reserve hinting at a rate cut by September, fueled the market rally. On Thursday, the benchmark Sensex advanced by 126.21 points, or 0.15%, to close at a new lifetime high of 81,867.55. The broader Nifty rose by 59.75 points, or 0.24%, to settle at a record high of 25,010.90, marking the first time it surpassed the 25,000 mark.
Goods and Services Tax (GST) collections for July reached Rs 1,82,075 crore, marking a 10.3% year-on-year increase. This follows a collection of Rs 1,65,105 crore in July 2023. The rise in GST revenues signals strong domestic consumption and economic resilience.
Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 79 points to 81,535.12 Meanwhile, the Nifty was also up by 15 points to 24,872.50.
ITR filing 2024:  The government has dismissed the social media claims suggesting that the deadline for filing Income Tax Returns (ITR) has been extended to August 31. It said that a clipping of the news which is being circulated on social media is fake. The last date to file ITR for FY2023-24 is July 31, 2024. The confusion stemmed from a misinterpretation of advice from the Press Registrar General of India, which was mistakenly understood as an extension of the filing deadline.
Boeing lost more than USD 1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week. Robert "Kelly" Ortberg, 64, a former CEO at Rockwell Collins, will succeed as CEO, the company said.
Income Tax Returns: Today, July 31, is the final day for filing Income Tax Returns (ITR). If you have already filed your ITR, you may now be waiting for your tax refund. Refunds are deposited only in verified bank accounts through the Electronic Clearing Service (ECS), and the account holder's name must match the name on the PAN card.
The Income Tax Department reported that over 7 crore income tax returns (ITRs) have been filed by 7 PM on Wednesday, the final day for filing ITRs for the fiscal year 2023-24.  The department posted on X (formerly Twitter), "More than 7 crore ITRs have been filed so far (31st July), out of which over 50 lakh ITRs have been filed today till 7 PM!"
A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut down temporarily, news agency Reuters reported citing sources. The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said. The Reserve Bank of India, the country's banking and payment system regulator, did not respond to Reuters' request for comment.
Stock markets update: In a positive start to the trading day, benchmark stock market indices saw significant gains on Thursday. The Sensex surged by over 300 points, reaching a record high, while the Nifty50 crossed the 25,000 mark for the first time in history. In the early trade, the 30-share BSE Sensex climbed 334.83 points at 82,076.17. Meanwhile, the Nifty was also up by 104.70 points to  25,055.85.
New FASTag rules: The National Payments Corporation of India (NPCI) has rolled out new guidelines for FASTag users, which took effect from Thursday, August 1. These updated guidelines primarily focus on updated Know Your Customer (KYC) requirements, aiming to bolster the efficiency and security of the electronic toll collection system across the country. FASTag, a widely used pre-paid tag facility, has revolutionised the way vehicles pass through toll plazas, enabling non-stop movement and reducing congestion. However, to maintain the integrity of this system and ensure seamless service, the NPCI has now mandated that all FASTag users update their KYC information.
The Sensex closed at a new all-time high of 81,867.55, rising 126 points, while the Nifty scaled the historic 25,000 mark for the first time, closing at 25,010.90. Gains in banking and oil shares, along with positive cues from the US Federal Reserve hinting at a rate cut by September, fueled the market rally. On Thursday, the benchmark Sensex advanced by 126.21 points, or 0.15%, to close at a new lifetime high of 81,867.55. The broader Nifty rose by 59.75 points, or 0.24%, to settle at a record high of 25,010.90, marking the first time it surpassed the 25,000 mark.
Goods and Services Tax (GST) collections for July reached Rs 1,82,075 crore, marking a 10.3% year-on-year increase. This follows a collection of Rs 1,65,105 crore in July 2023. The rise in GST revenues signals strong domestic consumption and economic resilience.
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