PSU mutual funds, which showed strong returns of around 97% in the last year, experienced a decline of about 3% in the past month. Analysts attribute this to profit booking. Investors are advised to maintain a long-term investment strategy and diversify their portfolios for risk management.
Budget 2024 expectations: The upcoming budget is expected to address salary taxation to benefit salaried individuals and boost the economy. Taxpayers expect revisions in areas like standard deduction, tax slabs, and HRA limits to ease their burden and encourage spending. Here are some of the key changes that salaried taxpayers want from Finance Minister Nirmala Sitharaman in Budget 2024.
A total of 39,849 shares changed hands on the counter till 01:03PM (IST).
The Orissa High Court ruled that surrogate mothers deserve equal maternity leave, emphasizing initial caregiving's importance for child development. OFS officer Supriya Jena's 2020 petition against the denial of 180 days leave was upheld by Justice S K Panigrahi, who cited Article 21 to direct Odisha to treat adoptive and surrogate mothers equally and referred to international conventions like the Convention on the Elimination of All Forms of Discrimination Against Women to ensure non-discriminatory employment treatment. Читать дальше...
In conversation with H.E. Dr. Noura Khamis Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi, who outlines the vision of the Abu Dhabi Global Healthcare Week (ADGHW) positioned to serve as an annual platform for inclusive knowledge-sharing and crafting collaborative strategies aimed at delivering positive patient outcomes.
On the technical charts, the RSI of the stock stood at 50.66.
As per the data, the sales of housing units in India’s 30 major tier II cities stood at 2,07,896 units in 2023-24 as against 1,86,951 units in the preceding financial year.
Latest on DA hike: Now that the Dearness Allowance (DA) has reached the 50% mark, several other allowances will also see an increase. As a result, certain allowances are expected to experience a 25% boost.
Anvita Group plans to invest Rs 2,000 crore in a residential project in Kollur, near Hyderabad. The project will be developed in two phases, with the first phase consisting of 450 units spread over 12.9 acres. The second phase will consist of 36-floor towers, with 1,400 units expected to be handed over in 2027. The project will include two and three-bedroom apartments.
A Bear Robotics civil servant robot in Gumi City Council, South Korea was found unresponsive after a fall between floors. Employed since August 2023, it handled tasks, called elevators, and had a civil service card. Called the first robot suicide, media discussions in robot-dense South Korea follow. No second robot officer will be appointed.
The Delhi High Court instructed a Noida-based social media user to delete posts alleging a centipede in an Amul ice cream tub, noting their absence and non-cooperation in court. Plaintiff Gujarat Cooperative Milk Marketing Federation contended the claim was false. Defendants were directed to remove posts within three days; failure would permit the company to request platform deletion
A total of 9,919 shares changed hands on the counter till time (IST).
In June, the average cost of a vegetarian thali rose by 10% due to increased prices of onions, potatoes, and tomatoes, reaching Rs 29.4 per plate compared to Rs 26.7 a year ago and Rs 27.8 in May 2024, according to the Crisil Market Intelligence and Analysis report. The spike in vegetable prices included a 30% rise in tomatoes, 59% in potatoes, and 46% in onions, attributed to factors like reduced rabi acreage for onions and lower tomato arrivals due to virus infestation.
Budget expectations for startups: Ahead of the Budget 2024, the DPIIT has proposed eliminating the Angel Tax for startups to boost capital formation. The department also aims to address the inverted duty structure and high tariffs on electronics inputs. The 'angel tax' issue has sparked political debates, with industry leaders and organizations urging its removal to facilitate startup investments. Startups will await Budget announcements with hopes for measures on angel tax.
HDFC Bank is considering selling part of its loan portfolio amid regulatory scrutiny on India's surging credit growth. This move, aimed at lowering its elevated credit-deposit ratio post its merger with HDFC Ltd., is the bank's first since combining the two entities. The bank's loan growth has outpaced deposits significantly, raising liquidity concerns.
A total of 626,956 shares changed hands on the counter till 12:48PM (IST).
Labour's victory, echoing Tony Blair's 1997 landslide, ended Conservative rule, driven by economic stagnation and scandals. High-profile losses included Grant Shapps, Penny Mordaunt, Jacob Rees-Mogg, Liz Truss, Peter Bottomley, and George Galloway. Keir Starmer is poised to lead Labour. Michael Portillo's defeat symbolized the historic shift.
All the action of football around the globe is currently concentrated on Copa America 2024 and Euro Cup 2024, both of which are currently in the quarterfinals journey, with some of the top teams across Europe and America bidding for a semis berth. There are eight teams who have qualified for the Copa America 2024 quarterfinals and there are two particular matches you definitely should not miss.
Unverified reports had suggested details of as many as 375 million Airtel subscribers, including their phone numbers, email addresses and Aadhaar numbers were allegedly available for sale on the dark web.
A total of 37,213 shares changed hands on the counter till 12:43PM (IST)
Also due to the rain, 236 electricity supply schemes are disrupted and 19 water supply schemes have been hampered in the state today.
ITR-2 can be filed using the Excel or Java utilities provided by the income tax department, or online directly through the e-filing portal. This guide outlines the most effective way to file ITR-2 online, including examples of reporting salary, capital gains, and other incomes in the tax return form.
A total of 467,045 shares changed hands on the counter till 12:38PM (IST)
Labour Party leader Keir Starmer's tax payments for the 2022-23 financial year have been disclosed by the party, revealing that he paid just under £100,000 in total taxes. According to a summary released by the Labour Party, Keir contributed £44,308 towards income tax, with an additional £52,688 paid in capital gains tax following the sale of a field co-owned by his father's estate in December 2022.
