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INCOME TAX
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17
Oct
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Notification No. 111/2024
(Delhi)
G.S.R.638(E).—In exercise of the powers conferred by section 295 read with sub-clauses (i), (ii), (iii), (iv), (v) and (vi) of clause (ac) of sub-section (1) of section 12A, first and second provisos
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17
Oct
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Notification No. 112/2024
(Delhi)
G.S.R. 639(E).— In exercise of the powers conferred by section 295 read with section 192 of the Income-tax Act, 1961 (43 of 1961)
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17
Oct
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Notification No. 114/2024
(Delhi)
G.S.R. 645(E).—In exercise of the powers conferred by section 295 read with section 206C of the Income tax Act, 1961
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17
Oct
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Notification No. 115/2024
(Delhi)
S.O. 4545(E).— In exercise of the powers conferred by sub-section (12) of section 206C of the Income-tax Act, 1961
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17
Oct
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Circular No. 12/2024
(Delhi)
Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024
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15
Oct
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Notification No. 107/2024
(Delhi)
S.O. 4398(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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15
Oct
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Notification No. 108/2024
(Delhi)
S.O. 4399(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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15
Oct
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Notification No. 109/2024
(Delhi)
S.O. 4400(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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15
Oct
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Notification No. 110/2024
(Delhi)
S.O. 4401(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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LIVE MARKET
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BSE (SENSEX)
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USD
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EURO
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GBP
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GOLD
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SILVER
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INDIAN ECONOMY
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India’s merchandise exports growth grew a marginal 0.5% annually to $34.58 billion in September on a weak base (-2.8%). But trade deficit fell to the lowest level in five months at $20.78 billion, as import growth too was modest at 1.6%.
The trade deficit had jumped to its highest in 10 months to $29.6 bil...
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China has emerged as India's top import source with $ 56.29 billion worth of inbound shipments during the April-September period of this fiscal, according to the commerce ministry data.
During the period, the US emerged as the top export destination for the country with outbound shipments increasing by 5.6...
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Rating agency ICRA on Wednesday said the combined capital spending of a sample of 13 major state governments is projected to increase by 12.6 per cent to Rs 6.5 trillion in FY25. This is significantly lower than the 24 per cent growth indicated in the budget estimates (BE) of the states, which total Rs 7.2 tr...
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India’s merchandise trade deficit narrowed to a five-month low of $20.78 billion in September as imports grew at the slowest pace in six months and exports rose marginally after two months of decline, the official data showed on Wednesday.
The trade deficit, or the gap between imports and exports, had widene...
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India will over the next decade add more than 12,000 cars a day, expand built space equivalent to the built space in South Africa, and its air-conditioners will consume more electricity than entire power consumption in Mexico, the IEA said.
It is likely to see a rise in demand for all forms of energy -- fr...
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MARKET & FINANCE
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Sebi’s categorisation rules, which allow mutual fund houses or asset management companies (AMCs) to have only one fund per category, have restricted the launch of diversified funds. As a result, AMCs have shifted their focus towards launching more sectoral and thematic funds. The market rally has further adde...
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To boost operational efficiency and respond to concerns raised by Foreign Portfolio Investors (FPIs), Sebi on Wednesday said it has introduced measures to speed up the availability of sale proceeds for such investors, bringing them on par with domestic institutional investors.
It is broadly estimated that ...
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GLOBAL CORPORATE
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Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and echoed rival Ericsson in seeing demand recovery in some areas.
"I am optimistic we are now turning the corner in many parts of our business, even if some continue to experience market weakness," C...
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US consulting giant McKinsey & Co is cutting 500 jobs in its China unit amid major restructuring in the country, according to a report by the Wall Street Journal. This move follows the consulting firm’s decision to reduce the firm’s involvement with government-linked clients in China.
The job cuts are part o...
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Russia's offline primary oil refining capacity is seen declining by around 15 per cent in the later half of October from the first 15 days of the month, Reuters calculations based on data from industry sources showed on Wednesday.
A decline in idle oil refining capacity usually leads to less available cru...
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Morgan Stanley's third-quarter profit surpassed estimates on an investment banking windfall that had also buoyed its rivals, sending its shares up 2% before the market open.
A revival in corporate debt issuance, initial public offerings and mergers has bolstered profits for Wall Street banks this year.
...
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Eighteen months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s wealthiest person.
Fast forward to Wednesday and a slump in Chinese demand for Louis Vuitton bags, Dior gowns and other high-end fashion has wiped out more than €150 bil...
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Banking
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The Indian payments industry is likely to grow to $49 trillion in value by 2028 recording a 10% growth from the level of $30 trillion seen at the end of 2023, estimates by Boston Consulting Group (BCG) exclusively shared with ET shows.
BCG also projects that the transaction volumes will outpace total trans...
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The share of Indian banks' borrowings will continue to rise gradually within their overall funding mix if they struggle to attract sufficient fresh deposits to support loan growth, Fitch Ratings has said.
The recent sharp rise in the loan-to-deposit ratio (LDR) could become a structural issue if low return...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Japan's exports fell for the first time in 10 months in September, data showed on Thursday, a worry for policymakers as any prolonged weakness in global demand may complicate the central bank's path to exit years of ultra-easy mon...
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German Chancellor Olaf Scholz said on Wednesday he would invite the country's top business associations and trade unions to a meeting in October on forging a new policy to save industry in Europe's largest economy.
High energy co...
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INDIAN CORPORATE
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Noel Tata, chairman of Tata Trusts that holds about 66% stake in Tata Sons, is set to be appointed to the board of the latter. He will be the sole member of the Tata Group's founding family to hold positions on boards of both Tata...
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estle India's net profit for Q2 FY25 on October 17 stood at Rs 899 crore, falling marginally from Rs 908 crore for the corresponding quarter of the previous year.
Revenue from operations for Q2FY25 was Rs 5,104 crore as compare...
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The promoters of Haldiram Snacks Food Pvt Ltd, one of India’s leading snack manufacturers, have revised their plans to sell a majority stake in the company. They are now looking to offload 10-15 per cent minority stake, according ...
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JSW Energy Limited on Thursday announced that its step down subsidiary JSW Renew Energy Seventeen Limited has signed Power Purchase Agreement (PPA) with GUVNL for STU-connected 192 MW Wind-Solar Hybrid capacity. The agreement mark...
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BlackRock Inc., the world’s largest asset manager, is in talks with billionaire Mukesh Ambani’s Jio Financial Services Ltd. to set up a private credit venture, aiming to tap the expanding direct lending opportunities in India, acc...
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Bajaj Auto on Wednesday said its consolidated profit after tax declined 31 per cent year on year to 1,385 crore for the second quarter ended September 30, 2024.
The company had reported a consolidated profit after tax (PAT) of Rs...
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GST
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1.In order to assist taxpayers in filing their returns and minimizing human errors, GSTN has continuously improved the GST return filing process and in this endeavor the GST Portal now provides a pre-filled GSTR-3B form, where the tax liability is auto-populated from the declared supplies in GSTR-1/ GSTR-1A/ ...
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The group of ministers (GoM) on GST compensation cess, under Minister of State for Finance Pankaj Chaudhary, on Wednesday discussed merger of compensation cess into GST.
States suggested that during the transition of cess, once it is decided to merge with taxes no new goods should be added to the list of l...
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