The Central Board of Indirect Taxes and Customs (CBIC) on August 6 notified October 1, 2024, as the date for levy of up to Rs 1 lakh penalty for failure to register their packing machines with GST authorities.
A total of 2,758 shares changed hands on the counter till 12:12PM (IST).
Japanese technology investor SoftBank Group reported a net profit of 10.4 billion yen ($70.7 million) in the April-June quarter, driven by strong tech stock valuations, but missed analysts' expectations of 109 billion yen ($748 million).
In a significant bureaucratic reshuffle by the Indian government, senior IAS officer Amit Singh Negi from the Uttarakhand cadre was appointed as additional secretary in the Prime Minister's Office. Other notable appointments include Samir Ashwin Vakil as director in the Serious Fraud Investigation Office, Manisha Saxena as additional secretary in the Department of Personnel & Training, and Mugdha Sinha as the new director general of tourism. Several other officers were also assigned to new roles across various ministries and departments.
Sony achieved a 10% increase in operating profit for April-June, driven by its image sensor business. This segment, vital to smartphone makers, saw profits triple. PlayStation 5 sales were down compared to last year, but gains in software sales helped the gaming segment. Sony aims to sell 18 million PS5 units this year.
Vinesh Phogat, an Indian wrestler, might be disqualified from the Paris Olympics due to failing the weight check for the 50 kg category by 100 grams. Despite efforts to reduce weight overnight, she couldn't make the required limit. Consequently, Phogat, who made it to the final, will be disqualified, awarding the gold medal to Sarah Hildebrandt.
In a unfortunate event for India at Olympics, wrestler Vinesh Phogat was disqualified on Wednesday from the 50kg freestyle wrestling for being overweight, after she qualified for gold medal bout.
The Madras High Court has ordered charges to be framed against Tamil Nadu ministers KKSSR Ramachandran and Thangam Thenarasu in disproportionate assets cases. Disregarding lower court decisions, Justice N Anand Venkatesh mandated the Special Court to proceed with the trials. Both ministers are scheduled to appear in court on September 9 and 11, respectively. The trials are to be expedited. The allegations stem from their terms as ministers for Health, Backward Classes, and School Education between 2006 and 2011... Читать дальше...
Dell Technology is cutting jobs as part of its sales team reorganisation that includes a new group focused on AI products and services. Dell previously announced a major workforce reduction in early 2023, shedding 13,000 jobs in that fiscal year. “Through a reorganisation of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company,” the spokesperson said.
The stock traded at a P/E multiple of -273.43, while the price-to-book value ratio stood at 10.16.
Bangladesh has been witnessing rapid political developments in the last few days. Prime Minister Sheikh Hasina resigned from the post on Monday and landed at the Hindon airbase near Delhi following unprecedented anti-government protests
Celeberate teej with these yummy and easy home made meals.
A total of 2,113 shares changed hands on the counter till time (IST).
Discount broking platform Groww experienced a technical glitch this morning, disrupting users' ability to place orders and access Demat balances. The outage has caused widespread difficulties, leaving many unable to use essential services. Affected users took to platform X to express concerns, with one user asking, “@_groww unable to use my Demat Balance, what's wrong?”
Despite a 15% year-on-year drop in Q1 net profit to Rs 8,938 crore, ONGC shares gained 8%, closing at Rs 329.50. Highlighting marginal falls in crude oil and gas production, brokerages gave mixed ratings, focusing on the potential of the KG basin and other assets. The company's performance outlook remains cautiously optimistic.
So, from that perspective, real estate looks good to us because what will happen that at this point in time the premium segment of the market was doing well and our sense is that with this kind of anticipation of further rate cuts and amendments like these, the growth will broaden up. Overall sense is that the double-digit kind of a pre-sales growth has been largely maintained by most of the players, but valuation also has inched up.
Anurag Singh of Ansid Capital commented on recent market volatility, attributing it largely to the unwinding of the yen carry trade. He noted the importance of the BOJ's actions in calming the markets and discussed the challenges faced by major companies like Amazon and Google, emphasizing the market’s current top-heavy nature.
Nose block treatment: How to get rid of blocked nose using household items
PFC shares rose 6% to Rs 501.65 on BSE after posting a 20% increase in Q1 FY25 net profit to Rs 7,182 crore. Total income grew to Rs 24,736.68 crore. The board also approved an interim dividend of Rs 3.25 per share, with August 20 as the record date.
Namal Rajapaksa, 38, has been named the SLPP presidential candidate, ending the Rajapaksa family's support for incumbent Ranil Wickremesinghe. This decision came after nearly 100 SLPP MPs defected to Wickremesinghe's independent bid. Namal's late entry transforms the election into a four-way race, alongside opposition leader Sajith Premadasa and Marxist JVP leader Anura Kumara Dissanayake.
Olympic Sport Climbing (Google Trends): Sam Watson, an 18-year-old from Texas, set a speed climbing world record of 4.75 seconds during the Olympics in Paris. The competition involves climbing a 15-meter wall as fast as possible. Watson's performance places him as a strong contender for gold, heightening the anticipation around his upcoming finals.
Both policyholders and insurers want the Centre to remove 18% GST on insurance premiums. The 18% GST on insurance products is seen as a deterrent to insurance penetration, as consumers bear the brunt of higher premiums. Union Minister Nitin Gadkari wrote to Finance Minister Nirmala Sitharaman urging her to roll back the 18% GST on such financial products. Other political parties echoed the same sentiment, adding weight to the growing chorus for relief. Hopes are high for a rollback that could potentially lower insurance costs for millions.
Pakistan said that it stood in solidarity with the people of Bangladesh amid protests and violence in the country. Bangladesh Prime Minister resigned and fed to India. Bangladesh got its independence from Pakistan in 1971.
PAN–Aadhaar linking update: The TDS is withheld at an increased rate if the payee's PAN is not linked to Aadhaar. The Central Board of Direct Taxes (CBDT) has released a circular stating that the elevated TDS/TCS rate will not be applicable if the payee or collector has passed away before linking PAN and Aadhaar.