LTCG tax for NRIs on unlisted shares: The finance minister has amended the budget proposals to remove the benefit of foreign currency adjustment for long-term capital gains arising from the sale of unlisted shares. The Budget, when introduced in the Parliament, proposed to allow the benefit of foreign currency adjustment.
Income tax refund: Even if you file your income tax return (ITR) before the deadline, there is no guarantee that the tax refund will come in your bank account soon. It is only after the ITR is processed, then tax refund comes. Know how 'refund re-issue' feature can help you in this case to get tax refund.
As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 34.36 per cent and domestic institutional investors had 42.31 per cent.
In Bangladesh, residents have formed neighborhood watch groups due to increased crime and insecurity after Prime Minister Sheikh Hasina was ousted. The interim government led by Muhammad Yunus is preparing to take oath, while recent robberies and cash shortages have heightened fears, prompting residents to patrol their communities for safety.
Godrej Consumer Products saw its shares drop 4.5% following a 5.8% year-on-year fall in standalone net profit for the June quarter. Despite this, revenue rose by 7.9%. Analysts have increased target prices up to Rs 1,715, and the company plans a Rs 500 crore investment in the pet care segment over five years.
Karnataka Chief Minister Siddaramaiah criticised the NDA government's plan to amend the law governing Waqf boards, claiming it is against minorities. The bill proposes changes to the Waqf Act, 1995, including ensuring representation of Muslim women and non-Muslims. The bill also seeks to rename the Waqf Act, 1995 as the Unified Waqf Management, Empowerment, Efficiency and Development Act, 1995.
Despite recent global market volatility and dovish signals from other central banks, the RBI MPC kept policy rates and stance unchanged, meeting market expectations and having a neutral impact on stock investors. Markets have been volatile recently due to US recession fears and the unwinding of the Japanese yen carry trade.
The RBI kept interest rates unchanged for the ninth straight meeting due to inflation worries from high food prices. Economic growth outlook remained strong, but the central bank emphasized vigilance on inflation. The policy decision caused a decline in stock markets, highlighting ongoing concerns about inflation.
As of 30-Jun-2024, promoters held 38.12 per cent stake in the company, while FIIs held 27.19 per cent and domestic institutional investors had 13.71 per cent.
Scimplify to use the fresh capital to enhance research and development (R&D) capabilities and enter new markets. According to the company the global specialty chemicals market was valued at over $800 billion in 2023, with agrochemicals and pharmaceuticals comprising more than 60% of the market. India is the world’s second-largest exporter of agrochemicals, and the Indian chemical industry is expected to double its output by 2027.
Adish Aggarwala, the outgoing SCBA president, urged Bangladesh's bar association to safeguard Hindus during the country's unrest. He also requested details on any criminal charges against ex-PM Sheikh Hasina under the extradition treaty between India and Bangladesh. This comes after Hasina's recent resignation and political upheaval in Bangladesh.
A total of 3,623 shares changed hands on the counter till 12:48PM (IST)
Nobel-winning microfinance pioneer Muhammad Yunus will helm Bangladesh's interim government after the ouster of premier Sheikh Hasina, who had hounded him in speeches and through the courts. The government unceremoniously forced him out of Grameen Bank in 2011 -- a decision fought by Yunus but upheld by Bangladesh's top court.
Prime Minister Keir Starmer struggled to quell violent outbreaks in Britain, complicated by Elon Musk's inflammatory comments. The violence erupted following a stabbing incident in Southport and was fueled by online misinformation targeting immigrant communities. Over 400 arrests were made, with lawmakers considering summoning Musk to address the role of social media in the unrest.
The programme will see discussions on the export and manufacturing competitiveness in the state and the ways to strengthen this ecosystem.
Liu Yi, a ride-hailing driver in Wuhan, faced competition from robotaxis launched by Baidu's Apollo Go. China's rapid adoption of autonomous driving technology, approved in multiple cities, posed job loss risks for drivers. Concerns about balancing job creation and displacement surfaced, highlighting the impact of automation on employment.
Beach proposal destinatons: Goa, varkala, andaman and other beaches to propose to your girlfriend
A total of 7,659 shares changed hands on the counter till 12:43PM (IST)
The police began an investigation to find out the source of the purported clip in which some offensive comments against a community were heard. "It has come to notice of the government that an audio recording, falsely claiming to be that of the Chief Minister, Manipur, is being circulated on social media platforms.
Ripple Labs has been fined $125 million by a Manhattan court for improperly selling the cryptocurrency XRP. The Securities and Exchange Commission had initially sought $2 billion in penalties. The SEC sued Ripple and its executives for raising $1.3 billion unregistered. Remaining claims against the CEO and co-founder were dropped last month.
A total of 9,361 shares changed hands on the counter till 12:38PM (IST).
DBS Group in Singapore appoints Tan Su Shan as CEO in March, making her the bank's first female chief executive. With 35 years of experience in banking, Tan has held various leadership roles at institutions like Morgan Stanley and Citigroup before joining DBS in 2010. Her focus will be on enhancing the bank's tech capabilities following recent service disruptions. Tan is also known for her interests in tap dancing, piano playing, and admiration for Margaret Thatcher.
Asteroid 2024 OR1, detected by NASA, is approaching Earth on August 6, 2024. With a diameter of 110 feet and traveling at 30,381 kilometers per hour, it will safely pass by without collision. This event underscores the importance of NASA's efforts in tracking near-Earth objects for planetary defense.
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed the media post the Monetary Policy Committee (MPC) meeting, stating the recent US unemployment data should not be interpreted as a signal of recession in the US economy. He emphasized the RBI's vigilance on incoming data from both domestic and international sources to respond to emerging situations effectively.
