Shares of Delta Corp, the sole listed company in India's casino gaming industry, saw a significant surge of nearly 15%. This increase in stock price came amidst expectations that the Goods and Services Tax (GST) Council might review the tax structure applicable to online gaming in its upcoming meeting scheduled for June 22.
The Congress criticised Prime Minister Modi during his visit to Bihar for not fulfilling his promise of granting the state special category status and denying Patna University central university status. Jairam Ramesh questioned why Bihar remained the poorest state despite his pledges. Ramesh also raised concerns about the NEET-UG 2024 paper leak and the delayed construction of the Bihta airport. He urgied the PM to address these issues.
Retired Pakistan army Brigadier Amir Hamza, known for ISIS-planned attacks against India, was killed by unknown gunmen in Jhelum district. He was the alleged mastermind of the 2018 Sunjwan Army camp attack where six jawans were killed and 12 injured. Hamza was ambushed in his car by four men on motorcycles. His wife and daughter were also injured. Police investigated the killing as a 'blind murder case.'
The brother-sister duo often share heartfelt messages for each other on various occasions and post funny exchanges between them.
Heatwaves are affecting a huge proportion of India’s population with health problems, including heatstroke, dehydration and worsened chronic health conditions. With over 25,000 cases of heat stroke being reported since March, hospitals have witnessed a spike in heat-related illness cases, stretching already strained public health systems.
SabPaisa, a payment solutions provider, has received final approval from RBI to function as a Payment Aggregator under the Payments and Settlement Systems Act, 2007. Pathikrit Dasgupta, the CEO, highlighted the milestone, dedication to excellence, and aspiration to emerge as a premier fintech entity in India.
The identification of the appropriate income tax return form is crucial in the process of filing ITR. Submitting income tax returns using an incorrect ITR form can result in a defective ITR.
Shares of ZF Commercial Vehicle Control Systems fell by 8.2% on BSE after Wabco Asia sold a 7.6% stake worth Rs 2,287 crore via a block deal, with Citigroup as the banker.
India is set to add 15.4 gigawatts of new coal power capacity this year, the most in nearly a decade, to meet rising electricity demand. Despite clean-power goals, coal remains vital due to economic growth and severe heat waves. Challenges in energy storage hinder renewable expansion, with slow progress in alternative technologies.
A Deloitte survey shows growing confidence in India's GST among C-suite executives, with 84% perceiving it positively in 2024, up from 72% in 2023. Key reforms suggested include rationalizing tax rates, improving dispute resolution, and enhancing automation and technology. The survey also highlights the need for further simplification and support for MSMEs.
Budget Expectations: FICCI has proposed simplifying the capital gains tax system by categorizing assets into equity instruments, debt, and other assets with specific rates for long-term and short-term gains. They have also advocated for uniform tax rates for residents and non-residents.
India's industry groups, including CII and FICCI, have urged the Finance Ministry to provide tax relief for the middle class and streamline the capital gains tax system. They proposed lowering excise duties on fuel, raising the PM-KISAN payout, increasing MGNREGA wages, and simplifying capital gains taxes into broad categories, applying uniform rates for all taxpayers.
As an unprecedented heat wave drives much of India indoors, AC prices have shot up in most regions of the country. Along with prices, sales too have jumped conspicuously. For some players, keeping pace with rising demand has become quite a task, leading to shortages in several parts of the market.
Mutual funds raised auto sector weight by 80 bps YoY in May. IT is the second most preferred sector behind financials, reaching a 68-month high. Private banks hold top spot at 17.2%. Nifty Auto index delivers 75% returns in last year.
The SME IPO of United GEM Enviro Management aims to raise about Rs 45 crore and list shares on BSE SME platform, with a distribution of 50% for QIB investors, 35% for retail investors, and 15% for other investors.
RBI deputy governor Michael Patra highlighted that India's deposit insurer DICGC lagged behind international counterparts in processing reimbursements, taking over a month compared to IADI's target of seven days. Challenges such as data quality, identification issues, and lack of alternative bank accounts hinder quick payouts. India mandates deposit insurance for all banks, covering 1,997 institutions, with a coverage limit of Rs 5 lakh per depositor. Patra emphasised the need for improved risk management... Читать дальше...
The history of Family Offices dates back to ancient Rome, evolving into a modern-day necessity for managing wealth and ensuring smooth transitions across generations.
Post Office Act 2023: The Act's provisions allow the government to intercept articles sent via India Post for several reasons, including public order and state security. In the event of a public emergency or to maintain peace and safety, an interception may be carried out.
Durlax Top Surface SME IPO opened for subscription today aiming to raise Rs 41 crore and list shares on NSE SME platform by June 21.
There is no change in the list this month as all schemes have retained their place in the list. Watch out for our monthly updates to ensure your schemes are faring well.
Former Haryana Congress leaders Kiran Choudhary and her daughter Shruti Choudhry, along with their supporters, joined the BJP in New Delhi. They had resigned from Congress, citing party functioning issues. Kiran Choudhry, daughter-in-law of former Haryana CM Bansi Lal, is an MLA, while Shruti was the working president of Haryana Congress. They joined BJP in a ceremony attended by senior party leaders.
At least 550 pilgrims died from extreme heat during this year's Hajj, with temperatures reaching 51.8 degrees Celsius (125 Fahrenheit) at Mecca's Grand Mosque. Egyptians accounted for the highest casualties, totaling 323 deaths, primarily from heat-related illnesses. Saudi officials treated over 2,000 pilgrims for heat stress. The pilgrimage is increasingly impacted by climate change, as temperatures rise by 0.4 degrees Celsius per decade in ritual areas.
Fox, previously the company's chief operating officer, would succeed Greg Greeley, who would step down from the position after the company completes its global restructuring.
Zee Entertainment Enterprises' shares fell over 4% as CFO Rohit Kumar Gupta resigned. Mukund Galgali appointed as acting CFO. Recent top-level resignations include Animesh Kumar, Punit Misra, Rahul Johri, and Nitin Mittal.
