Aurum PropTech, controlled by Aurum Ventures, reported a net loss of Rs 10.7 crore for Q1 June, improved from Rs 16.1 crore a year ago. Total income rose 45% to Rs 69.10 crore, and operating profit surged 6.7 times to Rs 12 crore. The company recorded a 68% revenue growth for FY 2023-24 and expanded its rental platform to 30,000 units.
Three Indian Coast Guard ships responded to a distress call from the cargo vessel MV Maersk Frankfurt, which reported explosions on its front deck in the Arabian Sea. The ships Sujeet, Sachet, and Samrat fought the fire for over 12 hours, preventing its spread. The operation, amid rough seas and inclement weather, involved aerial assessments and additional resources for search and rescue efforts. No casualties were reported.
Assam's chief minister, Himanta Biswa Sarma, stated on Friday that the Muslim population in Assam is increasing by at least 29 to 30 percent each decade, predicting that the state will become Muslim-majority by 2041.
On a busy road in Muzaffarnagar, the owner of Kashif Confectionery, Furkan, expressed his dismay to TOI. “We never consider whether a shopkeeper is Hindu or Muslim when we celebrate Ramzan and Eid. Why are we being asked to disclose our identity now? Many customers may just turn away upon seeing my shop's name,” he told TOI.
In the Union Budget 2023, Finance Minister Sitharaman introduced significant changes in personal tax, with a new default tax option and reduced highest surcharge rate. The tax rate structure was revised, benefiting individuals earning up to Rs 15 lakh annually. Additional measures included tax rebates, standard deductions, and changes in TDS rates. The budget also focused on enhancing personal finance schemes, expanding job opportunities through skill development initiatives, and influencing consumer prices for various goods.
The Union Budget 2024-2025, pivotal for India's Amrit Kaal vision, aims to foster economic growth and inclusive development. The budget is expected to boost infrastructure, streamline bureaucracy, and promote technology and innovation. Emphasis on the pharmaceutical sector, with increased allocations, can drive India's economic and healthcare advancements.
BUDGET 2024 EXPECTATIONS: As India awaits its budget announcement, expectations are high, especially in the Government & Public Services (G&PS) sector. Facing outdated infrastructure, bureaucratic inefficiencies, and slow digital adoption, the upcoming budget offers a crucial chance to address these challenges and enhance service delivery, particularly in healthcare, education, and transportation.
Amritpal Singh, the head of Waris Punjab De and Khadoor Sahib Lok Sabha MP, has challenged his detention under the National Security Act (NSA) in the Punjab and Haryana High Court. Singh, who has been lodged in a Dibrugarh, Assam prison since April 2023, argues that his preventive detention is unlawful and extreme.
“Essentially, this is a dream run for India. I have never seen markets so optimistic about the future. It is like our T20 campaign, where there were points when we were stressed, undoubtedly, yes,”
ITR filing: The Central Board of Direct Taxes (CBDT) has awarded Airtel to provide telecommunications service and internet solutions to the income tax department. Experts believe this will help improve the e-filing portal's website and make the pages load faster. The name of this project is Taxnet 2.0 and it is believed to be more reliable.
Despite a global Microsoft Systems outage, Indian exchanges and clearing corporations operated smoothly with minimal impact. Only a few trading members experienced disruptions, which were promptly resolved. NSE and NCDEX continued trading activities, while MSE provided electronic trading services. Microsoft later fixed the underlying cause for Microsoft 365 Apps services.
Yes Bank reports strong Q1 results with standalone net profit surging 47% to Rs 502.43 crore while the interest earned jumped 20% to Rs 7,719.15 crore.
The mutual fund industry is proposing a 10% tax on debt fund units held over 3 years to encourage retail investor participation. Budget 2023 may bring tax parity for fund-of-funds and uniform tax treatment for pension schemes. Experts suggest benefits in financial inclusion and retirement planning.
The National Testing Agency has re-released NEET-UG results in a centre and city-wise format following a Supreme Court directive amidst ongoing scrutiny over alleged irregularities. Over 24 lakh candidates participated in the exam held on May 5. The court will continue hearings on July 22 regarding petitions seeking cancellation, re-test, and investigation.
As per a TOI report, the health officer's mission was to deliver medicines, mosquito nets, and provisions to 11 tribal families from the Guthi Koya tribe. His efforts were driven not only by the need to provide essentials but also by a desire to convince the families to relocate to the plains for their safety. The challenging conditions in their current location, including the difficulty in accessing medical facilities during emergencies, prompted this request.
Ancient weapons, such as swords and javelins, were discovered in Puri Jagannath Temple's Ratna Bhandar during a valuables transfer. The treasury was reopened after 46 years for restoration and inventory by the Odisha government. These findings suggest a historical connection to past regional rulers and highlight the temple's significance as a target for invaders seeking wealth, prompting calls for further archaeological study and proper preservation of these artifacts.
Smallcap companies are generally those ranking below the top 250 in terms of market capitalization.
Amid speculations about his possible elevation to Deputy Chief Minister, Tamil Nadu Minister and DMK Youth Wing Secretary Udhayanidhi Stalin downplayed the reports. Emphasizing his dedication to his current role, he reiterated that all ministers are effectively Deputy Chief Ministers. He highlighted the party's focus on winning the 2026 elections and urged youth wing cadres to engage more on social media and in party activities.
Union Budget Real Estate Expectations: India's real estate sector is set to play a crucial role in the country's ambitious goal of becoming a developed nation by 2047. With a target to boost the sector's contribution to GDP from 8% to 13% by 2025, India aims to leverage urban development and sustainable growth. Lessons from China's recent reforms highlight the need for India to accelerate its growth and maintain a competitive edge. The sector anticipates significant policy shifts in the upcoming... Читать дальше...
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The slowdown in core services, coupled with the rise in unemployment beyond 4% for the first time since November 2021, is encouraging. Additional indicators like housing, retail sales, and industrial activity also show weakening trends. As we observe these shifts in the economic landscape, we might witness a change in the Federal Reserve's narrative.
Mumbai-born finance expert transitioned from family business to behavioural finance, studied at Somaiya Institute, and Amsterdam Institute. Worked as a sell-side analyst before joining buy-side roles with global networks. Now at Bajaj Finserv since 2022, managing ₹12,000 crore in 8 funds, implementing INQUBE's Information and Quantitative Edge in decision-making.
IAS officer Surendra Singh Ahluwalia was recently acquitted in a 37-year-old corruption case due to the failure of the prosecution to prove its case. The case involved allegations of fraud, corruption, and destruction of evidence against Ahluwalia and three others. The court criticised the investigating agency for delays and lack of thoroughness in the case, ultimately leading to the acquittal.
