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IndiaTV Business: Google News Feed: Digest for August 07, 2024

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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.
ITR refund: With the deadline for filing Income Tax Returns (ITR) on July 31 now passed, many taxpayers are eagerly awaiting their refunds. Here's what you need to know about when you can expect to see your tax refund in your account. This year, over 7.28 crore returns were filed, marking a 7.5 per cent increase from the previous financial year. 
Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company's annual report has revealed.
Indian stock markets on Monday followed the global bloodbath as it experienced one of the worst falls with both the indices Nifty and Sensex registering high losses during the opening trade. While the Nifty 50 index declined 414.85 points or 1.68 per cent to open at 24,302.85 points, the BSE Sensex slumped 2393.76 points or 2.96 per cent to open at 78,588.19 points.
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.
ITR refund: With the deadline for filing Income Tax Returns (ITR) on July 31 now passed, many taxpayers are eagerly awaiting their refunds. Here's what you need to know about when you can expect to see your tax refund in your account. This year, over 7.28 crore returns were filed, marking a 7.5 per cent increase from the previous financial year. 
Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company's annual report has revealed.
Indian stock markets on Monday followed the global bloodbath as it experienced one of the worst falls with both the indices Nifty and Sensex registering high losses during the opening trade. While the Nifty 50 index declined 414.85 points or 1.68 per cent to open at 24,302.85 points, the BSE Sensex slumped 2393.76 points or 2.96 per cent to open at 78,588.19 points.

Stock Market: Sensex surges 1,000 points, Nifty above 24,300

Tuesday 06 August 2024 03:57 AM UTC+00
Indian indices opened on a positive note following a rally in Asian markets. This comes after US central bank officials reassured investors, easing nerves from the previous session's massive selloff. The NSE Nifty 50 index rose 1.11% to 24,329.85, while the BSE Sensex added 1.2% to 79,743.87. On August 5, both indices had logged their worst session in two months amid global sell-off fears of a likely US recession.
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.
ITR refund: With the deadline for filing Income Tax Returns (ITR) on July 31 now passed, many taxpayers are eagerly awaiting their refunds. Here's what you need to know about when you can expect to see your tax refund in your account. This year, over 7.28 crore returns were filed, marking a 7.5 per cent increase from the previous financial year. 
Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company's annual report has revealed.
Indian stock markets on Monday followed the global bloodbath as it experienced one of the worst falls with both the indices Nifty and Sensex registering high losses during the opening trade. While the Nifty 50 index declined 414.85 points or 1.68 per cent to open at 24,302.85 points, the BSE Sensex slumped 2393.76 points or 2.96 per cent to open at 78,588.19 points.

Stock Market: Sensex surges 1,000 points, Nifty above 24,300

Tuesday 06 August 2024 03:57 AM UTC+00
Indian indices opened on a positive note following a rally in Asian markets. This comes after US central bank officials reassured investors, easing nerves from the previous session's massive selloff. The NSE Nifty 50 index rose 1.11% to 24,329.85, while the BSE Sensex added 1.2% to 79,743.87. On August 5, both indices had logged their worst session in two months amid global sell-off fears of a likely US recession.
As uncertainty loomed over Bangladesh amid violence, several Indian airlines cancelled or put their flights on pause on Tuesday. Air India cancelled the morning flight to Dhaka from Delhi. IndiGo and Vistara also cancelled all their flights to the Bangladesh capital today. Vistara operates daily flights from Mumbai and three weekly services from Delhi to Dhaka.
ITR 2024: The deadline for filing Income Tax Returns (ITR) ended on July 31, with around 7.28 crore people in the country submitting their returns. Many taxpayers are now anticipating refunds. However, some may receive notices from the Income Tax Department. These notices are sent to those who provide incorrect information or make false claims in their returns. The notices are usually sent via email and can address issues such as delays in filing ITR, non-disclosure of income, tax evasion, or selecting the wrong form. Here's what to do if you receive a notice from the Income Tax Department:
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.
ITR refund: With the deadline for filing Income Tax Returns (ITR) on July 31 now passed, many taxpayers are eagerly awaiting their refunds. Here's what you need to know about when you can expect to see your tax refund in your account. This year, over 7.28 crore returns were filed, marking a 7.5 per cent increase from the previous financial year. 
Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company's annual report has revealed.
Indian stock markets on Monday followed the global bloodbath as it experienced one of the worst falls with both the indices Nifty and Sensex registering high losses during the opening trade. While the Nifty 50 index declined 414.85 points or 1.68 per cent to open at 24,302.85 points, the BSE Sensex slumped 2393.76 points or 2.96 per cent to open at 78,588.19 points.

Stock Market: Sensex surges 1,000 points, Nifty above 24,300

Tuesday 06 August 2024 03:57 AM UTC+00
Indian indices opened on a positive note following a rally in Asian markets. This comes after US central bank officials reassured investors, easing nerves from the previous session's massive selloff. The NSE Nifty 50 index rose 1.11% to 24,329.85, while the BSE Sensex added 1.2% to 79,743.87. On August 5, both indices had logged their worst session in two months amid global sell-off fears of a likely US recession.
As uncertainty loomed over Bangladesh amid violence, several Indian airlines cancelled or put their flights on pause on Tuesday. Air India cancelled the morning flight to Dhaka from Delhi. IndiGo and Vistara also cancelled all their flights to the Bangladesh capital today. Vistara operates daily flights from Mumbai and three weekly services from Delhi to Dhaka.
ITR 2024: The deadline for filing Income Tax Returns (ITR) ended on July 31, with around 7.28 crore people in the country submitting their returns. Many taxpayers are now anticipating refunds. However, some may receive notices from the Income Tax Department. These notices are sent to those who provide incorrect information or make false claims in their returns. The notices are usually sent via email and can address issues such as delays in filing ITR, non-disclosure of income, tax evasion, or selecting the wrong form. Here's what to do if you receive a notice from the Income Tax Department:
In a significant development within the e-commerce sector, Manish Tiwary, the India head of Amazon, has decided to step down from his position. Tiwary's resignation, confirmed by an Amazon spokesperson, marks the end of an eight-year association with the global e-commerce giant. However, the spokesperson did not disclose any details regarding his next career move. "Manish Tiwary, Country Manager for Amazon India, has decided to pursue an opportunity outside of the company. Manish's leadership over the last eight years has been instrumental in delivering for customers and sellers, making Amazon.in the preferred marketplace in India," Amazon India spokesperson stated. 
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.
ITR refund: With the deadline for filing Income Tax Returns (ITR) on July 31 now passed, many taxpayers are eagerly awaiting their refunds. Here's what you need to know about when you can expect to see your tax refund in your account. This year, over 7.28 crore returns were filed, marking a 7.5 per cent increase from the previous financial year. 
Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company's annual report has revealed.
Indian stock markets on Monday followed the global bloodbath as it experienced one of the worst falls with both the indices Nifty and Sensex registering high losses during the opening trade. While the Nifty 50 index declined 414.85 points or 1.68 per cent to open at 24,302.85 points, the BSE Sensex slumped 2393.76 points or 2.96 per cent to open at 78,588.19 points.

Stock Market: Sensex surges 1,000 points, Nifty above 24,300

Tuesday 06 August 2024 03:57 AM UTC+00
Indian indices opened on a positive note following a rally in Asian markets. This comes after US central bank officials reassured investors, easing nerves from the previous session's massive selloff. The NSE Nifty 50 index rose 1.11% to 24,329.85, while the BSE Sensex added 1.2% to 79,743.87. On August 5, both indices had logged their worst session in two months amid global sell-off fears of a likely US recession.
As uncertainty loomed over Bangladesh amid violence, several Indian airlines cancelled or put their flights on pause on Tuesday. Air India cancelled the morning flight to Dhaka from Delhi. IndiGo and Vistara also cancelled all their flights to the Bangladesh capital today. Vistara operates daily flights from Mumbai and three weekly services from Delhi to Dhaka.
ITR 2024: The deadline for filing Income Tax Returns (ITR) ended on July 31, with around 7.28 crore people in the country submitting their returns. Many taxpayers are now anticipating refunds. However, some may receive notices from the Income Tax Department. These notices are sent to those who provide incorrect information or make false claims in their returns. The notices are usually sent via email and can address issues such as delays in filing ITR, non-disclosure of income, tax evasion, or selecting the wrong form. Here's what to do if you receive a notice from the Income Tax Department:
In a significant development within the e-commerce sector, Manish Tiwary, the India head of Amazon, has decided to step down from his position. Tiwary's resignation, confirmed by an Amazon spokesperson, marks the end of an eight-year association with the global e-commerce giant. However, the spokesperson did not disclose any details regarding his next career move. "Manish Tiwary, Country Manager for Amazon India, has decided to pursue an opportunity outside of the company. Manish's leadership over the last eight years has been instrumental in delivering for customers and sellers, making Amazon.in the preferred marketplace in India," Amazon India spokesperson stated. 
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