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IndiaTV Business: Google News Feed: Digest for August 03, 2024

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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.
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: A day after hitting a record high, the equity benchmark indices opened in red on Friday amid weak global cues.  In the early trade, the 30-share BSE Sensex declined 598 points to 81,275.46 Meanwhile, the Nifty was also down by 191 points to 24,818. This decline comes just a day after the indices hit record highs, signalling a cautious sentiment among investors. Concerns over global economic conditions, coupled with profit-booking in key sectors, are said to have contributed to the downward trend.
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: A day after hitting a record high, the equity benchmark indices opened in red on Friday amid weak global cues.  In the early trade, the 30-share BSE Sensex declined 598 points to 81,275.46 Meanwhile, the Nifty was also down by 191 points to 24,818. This decline comes just a day after the indices hit record highs, signalling a cautious sentiment among investors. Concerns over global economic conditions, coupled with profit-booking in key sectors, are said to have contributed to the downward trend.
The Income Tax Department announced a record-breaking 7.28 crore Income Tax Returns (ITRs) for the fiscal year 2024–25, reflecting a 7.5% increase from the previous year's 6.77 crore returns filed by the July 31 deadline. A significant portion of taxpayers, about 72%, opted for the new tax regime, with 5.27 crore returns filed under it, compared to 2.01 crore under the old regime.
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: A day after hitting a record high, the equity benchmark indices opened in red on Friday amid weak global cues.  In the early trade, the 30-share BSE Sensex declined 598 points to 81,275.46 Meanwhile, the Nifty was also down by 191 points to 24,818. This decline comes just a day after the indices hit record highs, signalling a cautious sentiment among investors. Concerns over global economic conditions, coupled with profit-booking in key sectors, are said to have contributed to the downward trend.
The Income Tax Department announced a record-breaking 7.28 crore Income Tax Returns (ITRs) for the fiscal year 2024–25, reflecting a 7.5% increase from the previous year's 6.77 crore returns filed by the July 31 deadline. A significant portion of taxpayers, about 72%, opted for the new tax regime, with 5.27 crore returns filed under it, compared to 2.01 crore under the old regime.
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