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IndiaTV Business: Google News Feed: Digest for August 10, 2024

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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. 
An Air India flight from Dhaka landed in Delhi on Wednesday morning. The special flight brought back people from the violence-hit Bangladesh capital. Air India will operate its scheduled flights from Delhi to Dhaka on Wednesday, said the sources.
In a significant recovery, the stock markets rebounded strongly in early trade on Wednesday. The Sensex surged by 1,046.13 points, reaching 79,639.20. Similarly, the Nifty index saw a substantial increase of 313.9 points, climbing to 24,306.45. Among the 30 Sensex firms, Maruti, Infosys, UltraTech Cement, Adani Ports, JSW Steel, and HCL Technologies emerged as the biggest gainers. Conversely, Asian Paints, Kotak Mahindra Bank, Bharti Airtel, and Titan were the laggards.
Finance Bill 2024: Union Finance Minister Nirmala Sitharaman today (August 7) said the contentious Long Term Capital Gains (LTCG) tax proposal on real estate is being amended to give the option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%, ensuring no immediate impact on loan EMIs. The Monetary Policy Committee (MPC) aims to guide inflation towards the target while supporting economic growth.
In a significant update, the Reserve Bank of India (RBI) announced on Thursday that the UPI transaction limit for tax payments has been increased from Rs 1 lakh to Rs 5 lakh per transaction. This change was revealed by RBI Governor Shaktikanta Das during the announcement of the third bi-monthly monetary policy for the current financial year.
 RBI announcements: Reserve Bank of India (RBI) Governor Shaktikanta Das announced several important decisions today. The outcomes of the Monetary Policy Committee (MPC) meeting, which began on June 6, were disclosed today. The RBI has opted to maintain the repo rate at 6.5 per cent for the ninth consecutive time. Additionally, the RBI introduced several key measures that will have a direct impact on the public. Let's explore how these changes could affect everyday people.
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. 
An Air India flight from Dhaka landed in Delhi on Wednesday morning. The special flight brought back people from the violence-hit Bangladesh capital. Air India will operate its scheduled flights from Delhi to Dhaka on Wednesday, said the sources.
In a significant recovery, the stock markets rebounded strongly in early trade on Wednesday. The Sensex surged by 1,046.13 points, reaching 79,639.20. Similarly, the Nifty index saw a substantial increase of 313.9 points, climbing to 24,306.45. Among the 30 Sensex firms, Maruti, Infosys, UltraTech Cement, Adani Ports, JSW Steel, and HCL Technologies emerged as the biggest gainers. Conversely, Asian Paints, Kotak Mahindra Bank, Bharti Airtel, and Titan were the laggards.
Finance Bill 2024: Union Finance Minister Nirmala Sitharaman today (August 7) said the contentious Long Term Capital Gains (LTCG) tax proposal on real estate is being amended to give the option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%, ensuring no immediate impact on loan EMIs. The Monetary Policy Committee (MPC) aims to guide inflation towards the target while supporting economic growth.
In a significant update, the Reserve Bank of India (RBI) announced on Thursday that the UPI transaction limit for tax payments has been increased from Rs 1 lakh to Rs 5 lakh per transaction. This change was revealed by RBI Governor Shaktikanta Das during the announcement of the third bi-monthly monetary policy for the current financial year.
 RBI announcements: Reserve Bank of India (RBI) Governor Shaktikanta Das announced several important decisions today. The outcomes of the Monetary Policy Committee (MPC) meeting, which began on June 6, were disclosed today. The RBI has opted to maintain the repo rate at 6.5 per cent for the ninth consecutive time. Additionally, the RBI introduced several key measures that will have a direct impact on the public. Let's explore how these changes could affect everyday people.
Indian markets witnessed heavy buying at the opening bell on Friday. The benchmark BSE Sensex jumped 789 points to reach 79,675, while the Nifty50 climbed by 0.98%, adding 235 points to settle at 24,352. The rally was driven by gains across all sectors, with IT stocks such as Tech Mahindra, Infosys, TCS, and HCL Tech leading the charge, each gaining around 2%.
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. 
An Air India flight from Dhaka landed in Delhi on Wednesday morning. The special flight brought back people from the violence-hit Bangladesh capital. Air India will operate its scheduled flights from Delhi to Dhaka on Wednesday, said the sources.
In a significant recovery, the stock markets rebounded strongly in early trade on Wednesday. The Sensex surged by 1,046.13 points, reaching 79,639.20. Similarly, the Nifty index saw a substantial increase of 313.9 points, climbing to 24,306.45. Among the 30 Sensex firms, Maruti, Infosys, UltraTech Cement, Adani Ports, JSW Steel, and HCL Technologies emerged as the biggest gainers. Conversely, Asian Paints, Kotak Mahindra Bank, Bharti Airtel, and Titan were the laggards.
Finance Bill 2024: Union Finance Minister Nirmala Sitharaman today (August 7) said the contentious Long Term Capital Gains (LTCG) tax proposal on real estate is being amended to give the option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%, ensuring no immediate impact on loan EMIs. The Monetary Policy Committee (MPC) aims to guide inflation towards the target while supporting economic growth.
In a significant update, the Reserve Bank of India (RBI) announced on Thursday that the UPI transaction limit for tax payments has been increased from Rs 1 lakh to Rs 5 lakh per transaction. This change was revealed by RBI Governor Shaktikanta Das during the announcement of the third bi-monthly monetary policy for the current financial year.
 RBI announcements: Reserve Bank of India (RBI) Governor Shaktikanta Das announced several important decisions today. The outcomes of the Monetary Policy Committee (MPC) meeting, which began on June 6, were disclosed today. The RBI has opted to maintain the repo rate at 6.5 per cent for the ninth consecutive time. Additionally, the RBI introduced several key measures that will have a direct impact on the public. Let's explore how these changes could affect everyday people.
Indian markets witnessed heavy buying at the opening bell on Friday. The benchmark BSE Sensex jumped 789 points to reach 79,675, while the Nifty50 climbed by 0.98%, adding 235 points to settle at 24,352. The rally was driven by gains across all sectors, with IT stocks such as Tech Mahindra, Infosys, TCS, and HCL Tech leading the charge, each gaining around 2%.
An Air India flight from Dhaka landed in Delhi on Wednesday morning. The special flight brought back people from the violence-hit Bangladesh capital. Air India will operate its scheduled flights from Delhi to Dhaka on Wednesday, said the sources.
In a significant recovery, the stock markets rebounded strongly in early trade on Wednesday. The Sensex surged by 1,046.13 points, reaching 79,639.20. Similarly, the Nifty index saw a substantial increase of 313.9 points, climbing to 24,306.45. Among the 30 Sensex firms, Maruti, Infosys, UltraTech Cement, Adani Ports, JSW Steel, and HCL Technologies emerged as the biggest gainers. Conversely, Asian Paints, Kotak Mahindra Bank, Bharti Airtel, and Titan were the laggards.
Finance Bill 2024: Union Finance Minister Nirmala Sitharaman today (August 7) said the contentious Long Term Capital Gains (LTCG) tax proposal on real estate is being amended to give the option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%, ensuring no immediate impact on loan EMIs. The Monetary Policy Committee (MPC) aims to guide inflation towards the target while supporting economic growth.
In a significant update, the Reserve Bank of India (RBI) announced on Thursday that the UPI transaction limit for tax payments has been increased from Rs 1 lakh to Rs 5 lakh per transaction. This change was revealed by RBI Governor Shaktikanta Das during the announcement of the third bi-monthly monetary policy for the current financial year.
 RBI announcements: Reserve Bank of India (RBI) Governor Shaktikanta Das announced several important decisions today. The outcomes of the Monetary Policy Committee (MPC) meeting, which began on June 6, were disclosed today. The RBI has opted to maintain the repo rate at 6.5 per cent for the ninth consecutive time. Additionally, the RBI introduced several key measures that will have a direct impact on the public. Let's explore how these changes could affect everyday people.
Indian markets witnessed heavy buying at the opening bell on Friday. The benchmark BSE Sensex jumped 789 points to reach 79,675, while the Nifty50 climbed by 0.98%, adding 235 points to settle at 24,352. The rally was driven by gains across all sectors, with IT stocks such as Tech Mahindra, Infosys, TCS, and HCL Tech leading the charge, each gaining around 2%.
Attention bank customers! The HDFC bank alerted its customers with a message that the UPI services will be down on Saturday due to scheduled maintenance and various services such as mobile banking app including GPay, Paytm, WhatsApp Pay and others would remain unavailable for three hours on August 10. In a mail sent to several users, the HDFC bank stated that HDFC Bank UPI services will remain unavailable and added that the UPI downtime would help them improve the efficiency of their services.
Closing market news: Indian equity indices closed in the green today (August 9) following positive sentiment in the markets. At closing, Sensex closed 819 points or 1.04 per cent higher at 79,705 and Nifty closed 250 points or 1.04 per cent higher at 24,367.
Here comes a piece of good news for bank customers who have fixed deposits in the Union Bank of India. The bank revised its interest rates on fixed deposits and said it is offering a special interest rate of 7.4% to regular citizens for term deposits with a 333-day tenure. The bank also said it has increased fixed deposit (FD) interest rates for FDs of up to Rs 3 crore.
An Air India flight from Dhaka landed in Delhi on Wednesday morning. The special flight brought back people from the violence-hit Bangladesh capital. Air India will operate its scheduled flights from Delhi to Dhaka on Wednesday, said the sources.
In a significant recovery, the stock markets rebounded strongly in early trade on Wednesday. The Sensex surged by 1,046.13 points, reaching 79,639.20. Similarly, the Nifty index saw a substantial increase of 313.9 points, climbing to 24,306.45. Among the 30 Sensex firms, Maruti, Infosys, UltraTech Cement, Adani Ports, JSW Steel, and HCL Technologies emerged as the biggest gainers. Conversely, Asian Paints, Kotak Mahindra Bank, Bharti Airtel, and Titan were the laggards.
Finance Bill 2024: Union Finance Minister Nirmala Sitharaman today (August 7) said the contentious Long Term Capital Gains (LTCG) tax proposal on real estate is being amended to give the option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%, ensuring no immediate impact on loan EMIs. The Monetary Policy Committee (MPC) aims to guide inflation towards the target while supporting economic growth.
In a significant update, the Reserve Bank of India (RBI) announced on Thursday that the UPI transaction limit for tax payments has been increased from Rs 1 lakh to Rs 5 lakh per transaction. This change was revealed by RBI Governor Shaktikanta Das during the announcement of the third bi-monthly monetary policy for the current financial year.
 RBI announcements: Reserve Bank of India (RBI) Governor Shaktikanta Das announced several important decisions today. The outcomes of the Monetary Policy Committee (MPC) meeting, which began on June 6, were disclosed today. The RBI has opted to maintain the repo rate at 6.5 per cent for the ninth consecutive time. Additionally, the RBI introduced several key measures that will have a direct impact on the public. Let's explore how these changes could affect everyday people.
Indian markets witnessed heavy buying at the opening bell on Friday. The benchmark BSE Sensex jumped 789 points to reach 79,675, while the Nifty50 climbed by 0.98%, adding 235 points to settle at 24,352. The rally was driven by gains across all sectors, with IT stocks such as Tech Mahindra, Infosys, TCS, and HCL Tech leading the charge, each gaining around 2%.
Attention bank customers! The HDFC bank alerted its customers with a message that the UPI services will be down on Saturday due to scheduled maintenance and various services such as mobile banking app including GPay, Paytm, WhatsApp Pay and others would remain unavailable for three hours on August 10. In a mail sent to several users, the HDFC bank stated that HDFC Bank UPI services will remain unavailable and added that the UPI downtime would help them improve the efficiency of their services.
Closing market news: Indian equity indices closed in the green today (August 9) following positive sentiment in the markets. At closing, Sensex closed 819 points or 1.04 per cent higher at 79,705 and Nifty closed 250 points or 1.04 per cent higher at 24,367.
Here comes a piece of good news for bank customers who have fixed deposits in the Union Bank of India. The bank revised its interest rates on fixed deposits and said it is offering a special interest rate of 7.4% to regular citizens for term deposits with a 333-day tenure. The bank also said it has increased fixed deposit (FD) interest rates for FDs of up to Rs 3 crore.
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