CATEGORIES

74.1 mn ITRs filed so far in AY 2023-24

A TOTAL OF 74.1 million income tax returns (ITRs) have been filed for assessment year (AY) 2023-24 till date, which includes 5.3 million first time filers, the Central Board of Direct Taxes (CBDT) said in a release on Thursday.

Floor price for basmati exports cut to 950/tonne

THE GOVERNMENT ON Thursday reduced the floor price for exports of basmati rice to $950 per tonne from $1,200 tonne on demand from the industry and farmer groups.

OVL may hold Russia assets via new arm in GIFT City

Firm’s 100 mn dividends held due to sanctions

Govt hints at no fuel price hike

OMCs have capacity to absorb high crude costs, says oil minister

After AI deal, Rolls-Royce mulls India MRO facility

Wide-body jet orders from Indian carriers key, says engine maker

Stocks bleed for sixth day in a row

EQUITIES TOOK ANOTHER tumble on Thursday, making it the sixth straight session of sell-off as investors rushed for the exit.

No Silver Bullet For Cybersecurity

The conversation needs to be about how to protect data, not devices

How Maxwell used reverse switch hit to tame the Dutch

IT WAS NOT until the 46th over that a semi-decent-capacity New Delhi crowd had truly got their money's worth.

Making robots see like us

Two US auto companies have shown interest in CynLr's adaptive robotics

Israeli mkts under pressure after S&P slashes outlook

ISRAEL'S CREDIT OUTLOOK was cut by the last of the three major rating companies that kept it at stable, casting a fresh pall over the country's assets as the war with Hamas ripples through the economy.

Microsoft extends lead in cloud race with Alphabet

MICROSOFT IS OUTSTRIPPING Alphabet in the race to make money from generative artificial intelligence through early bets on Open AI and focus on big clients, raising worries that the Google parent could lose share in the cloud-computing market.

Fiscal stimulus gives boost to China stocks, but caution stays

CHINESE STOCKS ROSE on Wednesday after the country's top parliamentary body approved an additional 1 trillion yuan ($137 billion) sovereign bond issue to support the economy.

Groww turns profitable in FY23

STOCK BROKING PLATFORM, Groww posted a revenue of ₹1,277.8 crore in FY23, tripling from ₹351 crore in the previous fiscal year.

Axis Bank's profit grows 10% on higher interest income

SURPASSING THE ANALYSTS'estimates, private lender Axis Bank on Wednesday reported 10% increase in net profit to ₹5,864 crore in the second quarter of current financial year, supported by strong growth in interest income and loans.

Investors lose ₹15 trn in 5 straight sessions

The last big fall was in May 2022

TCS gets notice over delayed onboarding

IT MAJOR TATA Consultancy Services (TCS) has received a notice from the Maharashtra state government's deputy labour commissioner's office in Pune over the delay in onboarding of lateral recruits.

Soon, a Wagon R powered by cow dung!

THE FIRST CAR in India powered by cow dung is expected to be a Maruti Suzuki Wagon R. On Wednesday, at the Japan Mobility Show in Tokyo, Maruti Suzuki's parent company Suzuki Motor Corporation displayed a Wagon R that runs on the compressed biomethane gas (CBG), which is generated from biogas mostly While biogas can be produced from multiple sources organic waste - in India, an untapped potential is cow dung.

Adani auditor EY under NFRA lens

ONE OF THE Adani Group's longtime auditors is being scrutinised by the National Financial Reporting Authority (NFRA), according to people familiar with the matter.

TechM profit declines 29%

TECH MAHINDRA ON Wednesday reported a sequential decline of 28.7% in net profits to ₹494 crore for Q2FY24, on the back of a fall in revenues and margins. It missed consensus estimates by a wide margin.

Not OTTs, but telco users driving data traffic: Broadband forum

THE BROADBAND INDIA Forum (BIF), which represents major technology firms like Meta, Google, Amazon, and Netflix, has said that telecom operators are misleading the government with their arguments that OTTs (over-the-top players) are directly consuming majority of the bandwidth on their networks and therefore should pay a network fee.

Agenda for next WTO ministerial takes shape

Differences over key issues narrowed down in two-day meet

Non-urea subsidy for rabi cut by 57%

Farmers to pay same price as last year for the nutrients

Imported coal blending extended till FY24-end

Emergency import clause now valid till June 30 next year

Two whole-time directors must: RBI

Private, foreign banks to submit plans in 4 months

There will be no division of family business: GP Hinduja

Group Sees scope for 35-40-bn valuation of BFSI business by 2030

More e-gaming tax notices soon

THE DIRECTORATE GENERAL of GST Intelligence (DGGI) will soon issue tax notices to another 20-30 online gaming companies, a government source told FE on Wednesday, while confirming that it has so far raised tax demands of over 1 trillion.

Can India be bold enough and pick Mohammed Shami over Shardul?

IT WAS ONE of the loudest pops in Dharamsala on Sunday. Mohammed Shami held the ball for the first time at this Cricket World Cup, scampered in from over the stumps, and then let go of a length ball with that picture perfect seam bolt upright.

Global finance chiefs sound gloomy note

Wall Street’s top financiers discuss threat to economy ata meet in Saudi Arabia

NBFCs to witness higher attrition in entry & mid levels

NON-BANKING FINANCIAL.COMPANIES (NBFCs) are expected to witness a rise in attrition among front line and mid-level staff as various new entrants ramp up hirings.

Private banks struggle with falling NIM and CASA in Q2

Rising interest rates on term deposits put pressure on NIM