Air India’s first narrowbody aircraft sporting the airline’s new livery and featuring all-new cabin interiors have started flying on July 18.
There are hardly many tax saving avenues when you fall in the highest income tax bracket so utilising every available tax saving option becomes critical in saving your hard earned money. Old tax regime offers two very prominent deductions to the salaried taxpayers on house rent allowance and home loan interest payment. However, not many people claim both deduction together despite being eligible to do so. Here is how you can decide if you can claim both the deductions.
Congress President Mallikarjun Kharge criticized Prime Minister Narendra Modi for claiming eight crore new jobs were created, accusing him of misleading the youth. Kharge questioned the accuracy of RBI data and highlights discrepancies with other reports, asserting Modi's figures are exaggerated and politically motivated.
A report by MediBuddy and CII reveals that 62% of Indian employees experience burnout, which is three times higher than the global average of 20%. This is attributed to work-related stress and poor work-life balance.
Special FDs interest rates: Several major banks, such as State Bank of India (SBI), IDBI Bank, Indian Bank, and Punjab & Sindh Bank, have introduced special fixed deposit schemes with appealing interest rates for a limited period. It's important for potential investors to take note of the deadlines and consider investing before the offers expire. Let's take a closer look at these unique fixed deposit offerings and their corresponding deadlines.
Every year, the government of India releases the Economic Survey, which examines the status of the economy the year before.
Gainers & Losers: Paytm, RVNL among 6 stocks that hogged limelight on Friday
The rupee fell to a record low of 83.6625 per dollar, down 0.1% week-on-week. Likely RBI intervention in the NDF market curbed losses. Dollar bids from two large foreign banks added pressure.
Muthoot Microfin reduced micro loan rates by 35 basis points to 23.3%, following a 55 basis point cut in January. CEO Sadaf Sayeed cited competitive funding from domestic and international lenders. They passed savings to new borrowers. Q1 net interest margin was 13.52%, 65 basis points more than last year, with Rs 9,804 crore in assets at March end.
There is always sector rotation. But the leadership that we have seen in power, capital goods, defence, railways, the so-called cyclical sectors is not going away anytime soon. They may go sideways, they may correct, but that is part of the healthy trend. It is a long-term trend and is not expected to reverse soon, says Hiren Ved.
Three additional judges from the Delhi High Court -- justices Girish Kathpalia, Manoj Jain and Dharmesh Sharma -- have also been made permanent judges. Additional judges are usually appointed for a period of two years before being made judges.
JSW Steel Q1 Results: Revenue from operations in the June quarter increased 2% year-on-year to Rs 42,943 crore. EBITDA for the reporting quarter fell 22% YoY to Rs 5,510 crore, while margins declined 390 basis points to 12.8%.
CrowdStrike's update defect caused global disruptions, impacting IndiGo, Zurich, Berlin airports, NHS practices, Sky News, South Africa banks, and passengers. CrowdStrike CEO George Kurtz posted on social media platform X that the company "is actively working with customers impacted by a defect found in a single content update for Windows hosts."
Congress spokesperson Supriya Shrinate criticized the upcoming Union Budget, alleging it prioritizes benefiting a few crony capitalists over addressing pressing issues like unemployment, rising inequality, and declining FDI.
The Nifty Realty index closed 2.36 per cent down at 1096.2.
Malaysian Minister for Plantation and Commodities, Datuk Seri Johari Abdul Ghani, emphasized the negative effects of India’s export restrictions on rice, sugar, and onions for Malaysia. Highlighting the “friendly ties” between the countries, Ghani, currently visiting India, expressed hope for an arrangement to secure Malaysia's supply of these essential commodities.
Microsoft Windows users reported facing 'Blue Screen of Death' errors with many users taking to social media platform X to report about the issue.
Ohmium International, headquartered in the US and specializing in electrolyzer systems for green hydrogen production, plans to double its manufacturing capacity at its facility near Bengaluru, Karnataka, from 2 gigawatts to 4 gigawatts. The company recently inaugurated a new gigafactory in Dodaballapura, Bengaluru, consolidating manufacturing, assembly, quality assurance, testing, warehouse, and shipping facilities.
In India, operations across several offices remained impacted. Several major airlines also reported being unable to check in passengers, while the Mumbai airport was unable to process the check-in for several airlines and passengers, an official said.
Wipro Q1 Results: The IT major's Q4 revenue dipped 4% to Rs 21,964 crore, falling short of analyst expectations of Rs 22,258 crore. The IT services segment experienced a 1.2% decline in revenue at $2,625.9 million, compared to the previous quarter. It dropped 5.5% compared to the same quarter last year. When adjusted for non-GAAP and constant currency, the revenue showed a drop of 1% QoQ and 4.9% YoY.
Where the process ends up is uncertain. Shifts in supply and investment patterns during the COVID-19 era, new geopolitical tensions, even the risk of tariff wars instigated by a potential second Trump administration could make the Fed's exit from high interest rates as challenging as its fight against inflation.
CERT-In issued an advisory regarding a major Microsoft Windows outage caused by a CrowdStrike Falcon Sensor update, leading to system crashes and "Blue Screen of Death" errors. The government is coordinating with Microsoft to resolve the issue, while CrowdStrike has reverted the update changes. Users are advised to follow specific steps to mitigate the problem.
U.S. stocks tumbled on Thursday, as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings season gathered steam.
