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Tax Exemption for Seniors: Understanding the Real Income Tax Rule

Tax Exemption for Seniors: Understanding the Real Income Tax Rule

30 Nov 2024 12:06 PM IST

A viral message claimed that senior citizens aged 75 and above no longer need to pay income tax or file returns. The message suggested this exemption was a government initiative for India’s 75th Independence anniversary. However, the PIB Fact Check unit confirmed this claim is false. What Did the Message
SEBI Slaps Rs 9 Lakh Fine On Reliance Securities For Violating Market Regulations

SEBI Slaps Rs 9 Lakh Fine On Reliance Securities For Violating Market Regulations

29 Nov 2024 22:43 PM IST

The Securities and Exchange Board of India (SEBI) imposed a fine of ₹9 lakh on Reliance Securities for violating market norms and stock broker rules, as announced on Friday. This action followed an inspection conducted by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on the accounts
Crypto Tycoon Devours 6.2M Dollar Banana Artwork: ‘Tastes Quite Good’

Crypto Tycoon Devours 6.2M Dollar Banana Artwork: ‘Tastes Quite Good’

29 Nov 2024 19:41 PM IST

Justin Sun, the cryptocurrency entrepreneur, grabbed attention on Friday by fulfilling a quirky promise tied to his $6.2 million art purchase. The artwork, Comedian by Italian artist Maurizio Cattelan, features a banana taped to a wall. Sun pledged to eat the banana after buying it, and he delivered on his
India’s Q2 GDP Growth Falls to 5.4% Due to Manufacturing Slump

India’s Q2 GDP Growth Falls to 5.4% Due to Manufacturing Slump

29 Nov 2024 18:34 PM IST

Private consumption, accounting for about 60% of GDP, has been adversely affected by rising inflation and stagnant wage growth.
Projected Economic Transformation: Services and Manufacturing to Contribute 75% of GDP by 2047

Projected Economic Transformation: Services and Manufacturing to Contribute 75% of GDP by 2047

29 Nov 2024 17:44 PM IST

India’s manufacturing and services sectors are projected to play a pivotal role in the country’s economic transformation, employing 67% of the workforce and contributing over 75% to the Gross Domestic Product (GDP) by 2047, according to a recent report by ASSOCHAM and Egrow. The report highlights significant opportunities for businesses
“Private firms involved, no summons request received,” MEA Refutes Media Reports on Adani Group Executives Summoned

“Private firms involved, no summons request received,” MEA Refutes Media Reports on Adani Group Executives Summoned

29 Nov 2024 17:36 PM IST

The Ministry of External Affairs (MEA) on Friday dismissed media reports claiming that US prosecutors had issued summons for Adani Group Chairman Gautam Adani and other executives in connection with an alleged bribery case. In a media briefing held in the national capital, MEA Spokesperson Randhir Jaiswal stated that India
ICICI Mutual Fund Report: FPI Influence on Indian Markets Declines Amid Economic Strength

ICICI Mutual Fund Report: FPI Influence on Indian Markets Declines Amid Economic Strength

29 Nov 2024 15:07 PM IST

Foreign Portfolio Investors (FPIs) continue to play a role in the Indian stock markets; however, their influence on major indices has diminished over time, according to a report by ICICI Mutual Fund. The report attributes this decline in sensitivity to the strengthening of India’s economy, which has made the markets
CRISIL Ratings: Adani Group Maintains Adequate Liquidity Amid Legal Challenges

CRISIL Ratings: Adani Group Maintains Adequate Liquidity Amid Legal Challenges

29 Nov 2024 14:36 PM IST

The Adani Group has sufficient liquidity and operational cash flows to meet its debt obligations and planned capital expenditures in the medium term, according to a recent update from CRISIL Ratings. The agency stated, “All our outstanding ratings are under continuous surveillance.” On November 20, the US Department of Justice
Shah Rukh Khan, Big B, or Salman: Who Tops the List of India’s Biggest Celebrity Taxpayers in 2024?

Shah Rukh Khan, Big B, or Salman: Who Tops the List of India’s Biggest Celebrity Taxpayers in 2024?

29 Nov 2024 14:31 PM IST

India’s celebrity scene is currently booming, with stars earning enormous amounts through their careers, endorsements, and social media. But when it comes to taxes, one name stands out as the biggest taxpayer of 2024. Any guesses? Here’s a clue: his fans call him the King. No, it’s not Virat Kohli.
Finance Minister Nirmala Sitharaman Reviews Performance of Eastern RRBs in Patna Meeting

Finance Minister Nirmala Sitharaman Reviews Performance of Eastern RRBs in Patna Meeting

29 Nov 2024 13:55 PM IST

Union Finance and Corporate Affairs Minister Nirmala Sitharaman convened a review meeting on Friday to assess the performance of Regional Rural Banks (RRBs) from the Eastern Belt. The meeting aimed to strengthen the role of RRBs in promoting rural development and was attended by Bihar Deputy Chief Minister Samrat Chaudhary,
Reliance Industries Acquires 21% Stake in Wavetech Helium for USD 12 Million

Reliance Industries Acquires 21% Stake in Wavetech Helium for USD 12 Million

28 Nov 2024 19:49 PM IST

Reliance Finance and Investments USA LLC (RFIUL), a wholly owned subsidiary of Reliance Industries, announced on Wednesday that it has entered into a stock purchase agreement with Wavetech Helium, Inc. (WHI) to acquire a 21% stake in the company for a total consideration of USD 12 million. According to a
Tech Stocks Lead Market Decline Amid Global and Domestic Concerns

Tech Stocks Lead Market Decline Amid Global and Domestic Concerns

28 Nov 2024 18:08 PM IST

Banking, Auto, IT, and FMCG indices declined, while PSU Banks and Media sectors showed resilience amid broader market sell-offs.
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