Union Minister Pralhad Joshi announced that 151 GW of renewable energy projects are under various stages of implementation in India, with 76.42 GW expected to be operationalized within 3-4 years. Renewable energy capacity has soared to over 195 GW as of June 2024, driven by significant increases in solar and wind power capacities.
In case of equity mutual funds, the units with a holding period of more than 12 months were taxed at 15% (STCG) and 10% (LTCG). These units will now be taxed at 20% (STCG) and 12.5% (LTCG).
Government lawyers wrote in a brief filed to the federal appeals court in Washington that TikTok and its Beijing-based parent company ByteDance used an internal web-suite system called Lark to enable TikTok employees to speak directly with ByteDance engineers in China.
This is the first time in a century that the Olympics is hosted in Paris, the first Olympics to achieve gender equality among participants, the first opening ceremony held outdoors, and the first to be sponsored by a global luxury brand. Here's a look at some of the standout styles:
Vivian Jenna Wilson accused her father Elon Musk of being uncaring and quick to anger, claiming he harassed her for her queer identity. Musk recently made controversial remarks about her transgender identity, which she responded to by stating he knew about her gender-affirming treatment. Wilson hasn't spoken to Musk in four years.
The Arunachal Pradesh government, under Chief Minister Pema Khandu, is set to provide training for local youths to join the Agniveers through the Agnipath scheme. Retired Agniveers will receive preference in recruitment for the state's police, emergency, and fire services. CM Prem Khandu took to social media platform X to make the announcement.
According to its analysis, the budget is expected to positively impact companies such as ITC, UltraTech Cement, L&T, Tata Motors, TCS, Bharat Forge, HAL, and Radico Khaitan
Income tax refund: Generally after filing of ITR if you are eligible for a tax refund, it is given to you along with a specified interest. However in certain situations you don't get this interest and in other situations like when the tax refund amount is Rs 100, you don't get this too.
The Tamil Nadu Chief Minister released a self-made video of Stalin ahead of the meeting in which he said the Union Government continued to engage in actions that were contrary to "progressive thoughts."
Banks have advanced significantly, focusing on hyper-personalisation to enhance customer satisfaction. They utilised AI, data analytics, and real-time personalisation to understand and predict customer needs.
When it comes to investing, most investors are on a lookout to generate reasonable alpha over one’s investment journey. Alpha measures a stock's excess return relative to the overall market.
The Indian government plans to reassess bidder interest in several public sector companies, including Shipping Corporation and BEML, though Concor and BPCL are currently not under consideration. The government is also reviewing other potential privatisations, including Hindustan Latex Limited and NMDC Steel.
The Income Tax Department for such cases offers an option to file revised Income Tax return (ITR). The original ITR will be replaced by the revised return, which will be deemed offered on the date of the previous filing.
The State of Michigan Retirement System invested $6.6 million in the ARK 21Shares Bitcoin ETF, as reported in a recent filing. This is the second known pension fund investing in new bitcoin ETFs. Earlier, Wisconsin's investment board disclosed investments in BlackRock's iShares Bitcoin Trust and Grayscale Bitcoin Trust valued at $162 million combined.
Mutual fund investors looking for diversification have two main options: flexi-cap and multi-cap funds. Both these options aim to invest across different market capitalizations but do so to varying degrees.
Since the UAE-India CEPA began in 2022, trade between the two nations grew by 16.41% from $72.87 billion to $84.84 billion. This cooperation boosted sectors like startups, food security, and renewable energy investments. Minister Al Marri highlighted the growth in sectors like gems, pharmaceuticals, and green energy. Approximately 11,000 new Indian companies registered in the UAE in 2022.
Beijing requested a WTO dispute panel to review the US Inflation Reduction Act's tax credits, which China claims unfairly favor domestic goods over imports.
Antony Waste Handling Cell was the top gainer in the smallcap pack with 49.4% return, followed by MTNL (40%), Bhagiradha Chemicals and Industries (35.4%), and PC Jewellers (27.5%).
Ravi Shastri, former India all-rounder and head coach, has backed newly-appointed T20I captain Suryakumar Yadav for India's tour of Sri Lanka. Shastri believes Suryakumar can succeed as India's T20I captain, but warns him to quickly work out the strengths and limitations of his bowlers and set the field for each individual.
Haryana Chief Minister Nayab Singh Saini criticized Congress President Mallikarjun Kharge for politicizing Kargil Vijay Diwas, accusing Congress of spreading lies and disrespecting soldiers. Kharge responded by accusing PM Modi of petty politics. Priyanka Gandhi and Rahul Gandhi paid tribute to the brave soldiers on the occasion, honoring their sacrifice and valor.
Israeli Prime Minister Benjamin Netanyahu met with Donald Trump at Mar-a-Lago, aiming to rebuild their relationship and express optimism about a potential cease-fire in Gaza. During the visit, Netanyahu and Trump discussed progress on US-mediated talks for a cease-fire and hostage release.
Finolex Industries, IEC Education, IFB Industries, J&K Bank, Jaiprakash Power, SBFC Finance, Vishal Fabrics, Spandana Sphoorty, Smruthi Organics, NTPC, Genus Power, Gujarat Cotex among others will also declare their June quarter results.
