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Last updated on 17 Jul,2024 06:58 AM
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Refresh- Nita Ambani reflects on the deeper meaning of Kanyadaan at Anant Ambani and Radhika Merchant's weddingNita Ambani shared profound insights on the Kanyadaan ceremony at Anant Ambani's wedding, emphasizing the symbolic union of families and the importance of daughters in Hindu culture. She highlighted the evolving nature of Hindu philosophy in honoring and respecting women, showcasing the ceremony as a timeless symbol of love, respect, and unity.
- Looking to switch citizenship? Try Vanuatu. It's fast & cheapCitizenship-by-Investment programs like in Vanuatu are attracting Indians seeking quick and inexpensive passport switches to avoid tax scrutiny and protect offshore wealth. Vanuatu's program offers visa-free access to many countries, making it popular among NRIs looking to escape the Indian tax net.
- Hyderabad court asks Singapore Airlines to pay Rs 4.65 lakh for ruining a family holidayThe Hyderabad Consumer Forum has ordered Singapore Airlines to pay Rs 4.65 lakh for failing to check a family's Covid-19 vaccination certificates, causing them to be detained at Changi Airport. The family, from Banjara Hills, faced multiple issues, including flight cancellations and delayed luggage, prompting legal action. Despite the airline's defense, the forum ruled in favor of the complainant, citing negligence in service.
- Monsoon to strengthen. IMD warns of extremely heavy rainfall in these statesIMD forecasts active monsoon with heavy rainfall in Peninsular and Central India, affecting Tamil Nadu, Vidarbha, Odisha, Coastal Karnataka, Andhra Pradesh, Telangana, Rayalaseema, Uttarakhand, East Rajasthan, West Madhya Pradesh, and Konkan.
- Want to learn how to trade options from scratch? Join 2-day workshopThe two-day event, scheduled for 20th and 22nd July starting at 11 am, will teach traders how to maximize profits and minimize risks using options. Led by Saketh R, Founder of QuickAlpha and a full-time options trader, the session will cover the basics of options trading and the best use cases for F&O for individuals.
- NEET-PG exam cancelled after intel input on possible 'impersonation'While there was no "leak" per se of the online exam, there were inputs received by the health ministry and the National Board of Examinations in Medical Sciences (NBEMS) -that conducts NEET-PG - that indicated a high possibility of the exam getting compromised, ET has reliably learnt.
- Anant Ambani and Radhika Merchant's wedding illuminated by the presence of esteemed spiritual leadersAnant Ambani and Radhika Merchant’s opulent wedding at the Jio World Centre featured blessings from spiritual leaders including Baba Ramdev, Swami Chidanand Saraswati, Jagadguru Rambhadracharya, Sri Sri Ravi Shankar, Avimukteshwaranand, Swami Sadananda Saraswati, Rameshbhai Oza, Vishal Rakesh Ji Goswami, Gaur Gopal Das, and Gauranga Das Prabhu, showcasing reverence for Indian traditions and holistic health.
- Budget 2024: LTCG auditions for a new role in India realty showThe proposal suggests that property held for more than 12 months be considered long-term assets, bringing this in line with equities and equity mutual funds, a person privy to the deliberations told ET. However, there may not be any change in the tax rates for both long-term and short-term capital gain. The long-term capital gains tax on property is 20% with indexation benefits to adjust for inflation.
- Hyderabad IT company CEO abducted, his passport, 84 laptops stolen. Eight employees arrestedEight individuals arrested for abducting CEO over unpaid salaries in Hyderabad. Police recover stolen items and rescue victim. Former employees file complaint for salary arrears. Founder's financial difficulties led to the incident, said the CEO's mother. Police investigating multiple criminal activities related to the case.
- UK announces second ballot for India Young Professional Scheme 2024The UK Home Office has revealed details for the final ballot of 2024 under the India Young Professional Scheme, offering young Indian nationals the opportunity to live, work, and study in the UK. Eligibility criteria and application process are outlined for interested applicants.
- Budget and stock markets: How Nifty may behave and 50 stock ideas Sensex and Nifty rose 5% last month, with markets largely flat pre-Budget. Historically, Nifty shows -0.3% pre-Budget and -0.5% post. Post-Budget, Nifty sees 5.7% average gain in one month.
- States may allow home delivery of liquor through quick commerce platforms like Swiggy, BigBasket, and ZomatoDeliveries were allowed temporarily during the Covid-19 lockdowns in Maharashtra, Jharkhand, Chhattisgarh and Assam with restrictions. However, now legitimate deliveries of alcobev are not allowed in these states, even though a few local online platforms continue to deliver, especially in Maharashtra.
- SBI launches 444-day deposit scheme with 7.25% interestState Bank of India (SBI) has introduced a new 444-day deposit scheme with 7.25% interest, 15 basis points higher than the prevailing rate. The bank's higher rate comes after raising the benchmark marginal cost of fund-based lending rate by 5 to 10 basis points. The Reserve Bank of India warns banks of possible systemic risk due to persistent credit growth outpacing deposit growth.
- Rs 1.8 lakh crore boom! Will defence stocks live up to Budget hype?Defence stocks are on fire with a Rs 1.8 lakh crore boom! Investors are eagerly awaiting the Budget for more incentives. Expectations are high for increased allocations and exciting growth prospects. Find out which stocks are the top picks for the big gains.
- Muharram bank holiday July 2024: Banks in these states will be closed on Wednesday, July 17Banks in some states will be closed on Wednesday, July 17, 2024 on the occasion of Muharram. It is the first month of the Islamic calendar, and one of the four sacred months of the year.
- Despite filing ITR successfully tax refund may not be credited into your bank account due to this issueIncome tax refund: No refund of income tax is given in case your name in the PAN and bank account is not the same. Even if there is a slight mismatch in the name, the tax department may stop the tax payment. Read below to know what are your options and how to get tax refund in such cases.
- Operational lapses led to Kanchanjunga Express accident, finds probeThe Commissioner of Railway Safety's report on the Kanchanjunga Express accident highlights systemic lapses in train operations, citing inadequate counselling for loco pilots and station masters, and mismanagement of signals. The report underscores the urgent need for the Automatic Train-protection system (KAVACH) and improved signalling reliability to prevent future incidents.
- 7 reasons to opt for the OnePlus 12R under 40K this Prime Day SalePrime Day spotlights the OnePlus 12R Sunset Dune, priced at INR 42,999. It features a 6.78-inch AMOLED display, 120Hz refresh rate, Gorilla Glass Victus 2, Snapdragon 8 Gen 2, triple rear camera, 5500mAh battery, 100W SUPERVOOC charging, and OxygenOS. An Instant Bank Discount of ₹3,000 makes the powerful performance and sleek design more attractive for tech enthusiasts.
- Big correction possible after a couple of months; VIP is a turnaround candidate: Sandip SabharwalSandip Sabharwal says VIP could be a potential turnaround candidate. It is one of the stocks that we hold that has not performed and I would think that at these prices, it offers value and for people who want to wait, they could wait out the results, see if there are signs of turnaround, and then look at buying.
- With the Sensex crossing 80,000, equity investors are worried about a correction. Is it time to sell?With the Sensex crossing 80,000, investors are worried about a correction. Find out how to contain risk at this level.
- Phillip Capital sees a 56% downside potential in IREDA shares as best value already priced inPhillip Capital maintains a sell view on IREDA, citing concerns over earnings growth not keeping pace with loan growth. Despite strong loan growth prospects, the company faces challenges in maintaining return ratios and credit costs.
- Will ITR filing deadline be extended beyond July 31, 2024? ICAI writes to tax department with 9 issues regarding Form 26AS, TIS, AIS, e-filing income tax return formsWill the ITR filing deadline be extended? Various associations of chartered accountants have contacted the tax department to highlight the challenges faced by taxpayers and professionals when using the e-filing ITR portal.
- China's GDP growth dips: Where is its economy headed?China's GDP growth in the second quarter was 4.7%, below the expected 5.1%. The slowdown raises concerns about economic stability and calls for measures to stimulate growth. IMF projects a gradual slowdown in growth due to various factors including ageing population and property sector crisis. Policy meeting aims to outline strategies for promoting advanced manufacturing and boosting domestic consumption. Structural reforms are suggested to enhance productivity and address economic imbalances.
- Union Budget 2024: Can India afford to give aam aadmi the big tax relief it seeks?Budget 2024 Expectations Tax Relief: As Budget 2024 approaches, individual taxpayers are eagerly awaiting potential changes to exemptions and deductions. The current government's focus on a simplified tax regime with minimal exemptions and deductions has led many to reconsider their expectations. Should taxpayers now look towards the New Tax Regime for relief instead? Traditionally, changes in exemptions and deductions have been key areas of interest.
- On World Skills Day, Walmart Vriddhi mentors share insights on empowering MSMEs for successOn World Skills Day, mentors at Walmart Vriddhi are guiding over 58,000 MSMEs in India. Learn from mentors V.S. Kumar and E.G. Santosh about motivation, financial controls, and digital marketing. Explore how personalized mentorship is shaping resilient entrepreneurs for success in the business landscape.
- Anant Ambani wedding: World's top celebrity chef creates culinary magic with all-vegetarian menuThe wedding of Anant Ambani and Radhika Merchant in Mumbai featured a spectacular celebration blending Indian tradition with global luxury. Highlighted by the culinary artistry of renowned chef Virgilio Martínez, guests enjoyed an all-vegetarian menu inspired by Martínez's acclaimed restaurant Central in Lima, Peru. The event, attended by international celebrities and Bollywood stars, marked a fusion of cultural opulence and culinary innovation.
- Dombivli vegetable seller's son clears CA exam. Watch viral video of emotional hug with mother on Mumbai roadYogesh, son of vegetable seller Thombare Mavashi, triumphs over tough odds to pass the CA exams, capturing a heartfelt moment with his tearful mother in a viral video shared by Maharashtra minister Ravindra Chavan. The touching footage resonates widely, drawing praise for Yogesh's perseverance and sparking admiration nationwide. His success underscores the merit-based challenge of the CA exams, celebrated amidst the announcement of top scorers for May 2024.
- At least 33 major health insurance companies join govt's centralised claims-related info exchangeThis new system aims to expedite the insurance claims process and make it more transparent, with real-time access to claims settlement status by the Insurance Regulatory Development Authority of India (IRDAI). Citizens will also be able to monitor their insurance claim status through their mobile devices.
- Glass fragments, not bullets? Internet overflows with conspiracy theories after shooting at Trump rallyThese baseless theories, ranging from speculations about the shooter's identity to claims that the incident was staged, quickly gained traction on social media platforms, amassing millions of views. Several reports also suggested that law enforcement officials indicated Trump was not hit by a bullet but by glass shards or fragments.
- Govt Goldmine: PSU stocks still partying hard on D-StreetPublic sector stocks have seen a significant increase in market capitalisation post-election results, with speculation of potential government stake sales. Valuations are high, posing challenges for further price appreciation. Retail investors are advised to be cautious and consider CPSE ETF for investment.
- Fund Manager Talk | Worried about valuations in bull market? Nippon CIO on what to buyOver the last few years, we have witnessed multiple policy enablers across areas like manufacturing, formalization, taxation, etc which has created a sound platform for future growth. In the upcoming budget we expect continuity in terms of policy measures and fiscal prudence.
- Karnataka govt decides to implement recommendations of 7th Pay CommissionThe Karnataka cabinet has approved the implementation of the seventh Pay Commission's recommendations, effective from August 1. The commission, chaired by K Sudhakar Rao, proposed a 27.5% increase in the basic salary of over seven lakh state government employees. This adjustment is anticipated to cost the government an additional Rs 17,440.15 crore annually.
- When Baba Vanga predicted Donald Trump's life would be in dangerA recent shooting at a Donald Trump rally in Butler, Pennsylvania, where the former US president was grazed by a bullet, has brought renewed attention to Baba Vanga's chilling prediction about Trump's life being in danger. The 20-year-old shooter, Thomas Matthew Crooks, was killed by security, while one attendee died and two others were injured. Baba Vanga, a blind Bulgarian mystic, had foretold that both Trump and Vladimir Putin would face significant threats to their lives.
- Diabetes management made easier: Your guide to a healthier lifestyleProactively collaborating with healthcare professionals for personalized strategies enhances diabetes management, leading to improved overall well-being and better health outcomes.
- Paytm gets SEBI warning over related party transactions with payments bankPaytm SEBI warning: One 97 Communications, Paytm's parent, received a SEBI warning for unapproved FY 2021-22 related party transactions with Paytm Payments Bank totaling ₹324 crore and ₹36 crore. The July 15, 2024 letter noted compliance lapses. Paytm asserts adherence to SEBI Listing Regulations, upholds high standards, ensures transparency, and confirms no financial impact while addressing SEBI's concerns.
- 8th Pay Commission latest update: Will Budget 2024 announce 8th Pay Commission for the central govt employees, pensioners?Budget 2024 8th Pay Commission latest update: Ahead of Budget 2024, employee unions have reiterated demands for the 8th Pay Commission. The Confederation of Central Govt Employees and Workers urged the government to form the Eight Pay Commission for revising pay, pensions, and allowances of the central government employees and pensioners. This follows similar calls by the National Council (Staff Side) of the JCM. The 8th Pay Commission is typically due in 2026, but no official announcement has been made.
- 10 equity mutual funds that have outperformed over 1, 3 and 5 yearsEquity funds that beat their benchmark indices and category average returns regularly tend to score well on risk-adjusted metrics and hold durable stock portfolios.
- JD Vance, Trump's Vice Presidential pick, has an Indian connection: Here's all you need to knowUsha Vance, the wife of JD Vance, whom Donald Trump declared as his running mate in the upcoming US presidential elections on Monday, brings a wealth of credentials and a deep connection to Indian values and culture.
- Indian Oil Corp receives two bids for green hydrogen plant amid scrutiny and industry concernsIndian Oil Corp (IOC) received only two bids for its green hydrogen plant project at the Panipat refinery in Haryana, indicating a lack of broad interest from major players despite initial engagement. One bid came from GH4India, a consortium involving IOC, ReNew, and Larsen & Toubro, while the other bid was from Neometrix Engineering.
- Sahaj Solar IPO allotment expected soon as GMP soars: Here's how you can check statusSahaj Solar finalizes IPO allotment soon. Check status on Link Bigshare via Kfin Technologies. Shares premium Rs 240, suggesting 90% gains. The Rs 52 crore IPO at Rs 180 was subscribed 472 times, selling 29.2 lakh shares. Funds for public offer. Sahaj Solar offers PV module manufacturing, pumping systems, EPC services in renewable power. Kunvarji Finstock is the lead manager.
- Did The Simpsons predict the attack on Donald Trump? Here's what social media is talking aboutTrump Shooting Attempt: Amid widespread condemnation of the violence by world leaders, a segment of social media users on X (formerly Twitter) has drawn comparisons to a purported prediction from the long-running animated series The Simpsons, known for its uncanny forecasts of real-world events.
- Dead Boy Detectives season 2 on Netflix cancelled? Check latest renewal statusNetflix's "Dead Boy Detectives" received fairly positive responses but will it be enough for a second season.
- Adani, Wilmar are said to weigh selling $670 million stake in JVThe owners are exploring selling equal stakes that may total 13% in Mumbai-listed Adani Wilmar, said the people, asking not to be identified as the information is confidential. A sale that size would be valued at roughly $670 million as of Tuesday, and could take place as early as the coming months, the people said.
- NITI Aayog proposes a minimum 60% local sourcing requirement by value for wind energy plantsIn its report, submitted to the ministry of new and renewable energy, the Aayog has raised alarm over cyber security issues due to import (specially from China) of the wind sector components by wind turbine original equipment manufacturers (OEMs) and suggested the need to examine power power controller (PPC) OEMs of foreign origin especially neighboring countries to minimise cyber security related challenges.
- Uncertainty on policy front makes predicting EV profitability tough: Rajiv Bajaj to shareholdersA government official later clarified that union minister for heavy industries HD Kumaraswamy “was quoted out of context” on the EV subsidy scheme. In a post on X, Kumaraswamy said the government remained "fully committed to supporting the Indian Auto Industry".
- Hope and fear: One thing crores of Indians will look for in the budgetBudget tax expectations: When Finance Minister Nirmala Sitharaman presents Budget 2024-25 on July 23, Indians will be anxiously anticipating potential changes to the capital gains tax regime. Speculation is rife about alterations to the holding period for computing capital gains tax on real estate, with fears of increased tax burdens and hopes for incentives. The market is abuzz with anticipation and concern as stakeholders await the government's decision on this critical issue.
- Q1 results today: Bajaj Auto, L&T Finance among 24 companies to announce earnings on Tuesday24 firms, including Bajaj Auto, L&T Finance, Just Dial, DB Corp, and BMW Industries, will announce Q1 results. Bajaj Auto anticipates a robust Q1 with 7% volume increase, expanded EBITDA margins, and 17% profit growth. Century Textiles, Deccan Bearings, Jubilant Ingrevia, Network18 Media also to be monitored. Bajaj's 14% sales growth echoes March quarter success.
- Banks to soon raise Rs 40,000 crore; slew of QIPs lined upMumbai: Banks plan to collectively raise ₹40,000 crore in the second half for expansion. PNB, Union Bank, and others seek approval at AGMs, adhering to RBI norms. Analysts discuss government shareholding, PNB's sequential growth, fundraising plans, and premium valuations from Motilal Oswal, Dolat Capital, and Ashika Stock Broking for credit growth.
- Vijay Sethupathi's 'Maharaja' tops OTT charts. Where and when to watchVijay Sethupathi's 50th film, 'Maharaja,' has captivated audiences on both the big screen and OTT platforms. Released in theaters on June 14, the film quickly gained popularity and transitioned to Netflix on July 12, where it now tops the trending list. The movie's gripping story, centered on a barber named Maharaja searching for his missing daughter, combined with Sethupathi's stellar performance, has garnered widespread acclaim.
- What’s driving positivity in ONGC & Indian Oil? Probal Sen explainsAny engagement that continues on a national level with Russia, given how important an energy producer it is, will benefit Indian oil and gas companies and that is what some of the market seems to be factoring in that optimism going forward for the next 12 to 18 months, says Probal Sen.
