Wednesday, 31 March 2021

Lodha Developers May Hit Capital Market With Rs 2,500 Crore IPO on April 7

Lodha Developers filed the draft red herring prospectus (DRHP) with the Securities Exchange Board of India last month.

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Govt Defers New Wage Codes Implementation; Employees' Take Home Pay, PF, Salary Structure Remain Same For Now

Once the wages code comes into force, there will be significant changes in the way basic pay and provident fund of employees are calculated.

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New Financial Year Begins; Changes That May Affect Your Personal Finances

Changes in income tax filing rule, TDS/TCS deduction, LTC cash voucher scheme will come into effect from April 1, 2021.

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Your Existing Chequebook, Passbook will become invalid from Today. Details Here

To get all the important information and updates via SMS or email, customers will have to update the details like mobile number, address, nominee, etc.

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Gold Price on April 1: Rates Fall by Rs 25 Per Gram, Silver Declines As Well

A fall of Rs 25 was observed in the rates of per gram 22-carat gold which stood at Rs 4,337 on Thursday, April 1.

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Banks Shut Today And On April 2, Will Open On Saturday

Banks will be closed on account of Good Friday. However, the holiday is not observed by some states, which is why this may vary from one state to another

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PSU Banks, Indian Oil Corporation, BPCL: Top Stocks for Investors on April 1

The indices on Thursday, April 1, are expected to open higher as the SGX Nifty was trading at 110.00 points or 0.75 percent up at 14,856.00.

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Forgot to File Your Income-Tax Returns? Here's What You Can Do

Despite several extensions, if you still did not manage to file your ITR, here are your options in case you want to file your ITR post the deadline.

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Govt Rolls Back Small Savings Scheme Circular Within Hours, Says Rates to Remain Same as in 2020-2021

Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn, says Nirmala Sitharaman.

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FirstEnergy Refunds $26M As Nuclear Bailout Repeal Is Signed

An Ohio electric company under scrutiny for its role in what federal authorities say was a $60 million bribery and corruption scheme said it will refund $26 million to customers that it collected through a tainted nuclear bailout bill, which was repealed by the governor Wednesday.

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Adani Condemns Rights Violations in Myanmar, Will Still Work with Partners

Adani owns and operates a port in the country.

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India's April-February Fiscal Deficit at 76% of FY21 Revised Estimates of Rs 18.49 Crore

The fiscal gap for April-February 2021 stands at Rs 14.06 lakh crore against Rs 10.37 lakh crore on year-on-year basis.

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Finally Some Relief? Petrol, Diesel and LPG Rates to Come Down Amid It'nl Price Reduction, Says Report

Petrol and diesel prices touched an all-time high last month while LPG prices too had been increased by Rs 125 per cylinder in recent weeks.

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Sensex Tanks 627 Points; Nifty Ends Below 14,700

The 30-share BSE index ended 627.43 points or 1.25 per cent lower at 49,509.15, and the broader NSE Nifty slumped 154.40 points or 1.04 per cent to 14,690.70.

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New Financial Year Begins Tomorrow; Changes That May Affect Your Personal Finances

Changes in income tax filing rule, TDS/TCS deduction, LTC cash voucher scheme will come into effect from April 1, 2021.

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Brazil Regulator Says Bharat Biotech's Covaxin Does Not Meet Factory Standards

Reacting to it, the vaccine maker said it is working towards resolving the issues cited during the inspection.

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Financial Year 2021-22: Know About Changes in New Tax Structures, PF Contributions

Changes in income tax filing rule, TDS/TCS deduction, LTC cash voucher scheme will come into effect from April 1, 2021.

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RBI Extends Deadline on Additional Authentication of Recurring Transactions Till Sept 30

The move comes as banks and payment gateways were seeking additional time to comply with the RBI directive on automatic recurring payment.

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World Bank Predicts India's Real GDP Growth Will be 7.5% to 12.5% in Next Fiscal

World Bank, in its latest South Asia Economic Focus report, said that the economy was already slowing when the COVID-19 pandemic unfolded.

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PAN-Aadhar Linking Last Date: Income Tax Website Crashes Owing To Rush; Restored Later

It becomes mandatory to link the two as not doing so by March 31 will inactivate the PAN card, in addition to the condition of paying a fine of Rs 1,000

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Tuesday, 30 March 2021

Gold Price on March 31: Rate Rises by Rs 64 per Gram; Silver Falls

24-carat gold stood at Rs 44,620 for 10 grams compared to the previous day rate of Rs 43,980.

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Banks Open Today, To Remain Shut For Next 2 Day

Customers can note that ATMs, mobile banking, and online banking services will be available during these days

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TCS, InterGlobe Aviation, Bank of India: Top stocks for Investors Today

The indices on Wednesday, March 31, are expected to open flat as the SGX Nifty was trading at 8.00 points or 0.05 percent down at 14,921.00.

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Your Auto-debit Facility for Bills Might Fail from April 1; Here's Why

The recurring payments using UPI’s AutoPay feature might not get affected

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Last day to file Income Tax Return Today: Here's how you can do it Online

An individual can file their ITR through the IT Department’s official portal https://ift.tt/1dxxFKf.

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Bank Holidays in April 2021; Check Dates Here

It must be noted that the banking holidays depend on festivals being observed in specific states and might differ from one state to the other.

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Income Tax Rules Are Changing from April 1, Here's All You Need to Know

Here is a list of changes which will be introduced from the coming financial year

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Here is what happens if you miss filing ITR for FY19-20

The late filing of tax return attracts a fee under Section 234F of the Income Tax Act and the penalty payable by assesses filing a late return increases depending upon the degree of delay.

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From April 1, Your Existing Chequebook, Passbook will become invalid. Details Here

The account holders of the merged banks will be able to use their existing cheque books and passbook only till today, March 31, 2021

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PAN-Aadhaar Linking Last Date Today: Here's How to Link Online and Via Mobile Phone

In case you haven’t applied for linking PAN to Aadhaar card, here’s how to by following either of the two ways

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As Deadline Ends Today, Here’s Checklist of Financial Tasks You Need to Complete

With the financial year (2020-21) ending today, there are certain financial tasks that need to be completed before the deadline to avoid paying a penalty

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Banks to Remain Shut From Today for 3 Days, Will Open on Saturday

Customers can note that ATMs, mobile banking, and online banking services will be available during these days

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Govt Extends Exemption from Permit Requirement for Transport Vehicles Carrying Oxygen Till Sept 30

he step has been taken to ensure smooth movement of vehicles for the supply of oxygen across the country.

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Volkswagen Issued A False News Release, Saying It Was A Joke

Volkswagen of America issued false statements this week saying it would change its brand name to Voltswagen, as a way to stress its commitment to electric vehicles, only to reverse course Tuesday and admit that the supposed name change was just a joke.

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Stimulus Payments Headed To Social Security Recipients Soon

Social Security recipients and other federal beneficiaries who don't normally file a tax return should expect their coronavirus relief payments soon.

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GameStop, Bank Of America Rise; Cabot Oil, Newmont Fall

Stocks that traded heavily or had substantial price changes Tuesday:

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Closing Prices For Crude Oil, Gold And Other Commodities

Benchmark U.S. crude oil for May delivery fell $1.01 to $60.55 a barrel Tuesday. Brent crude oil for May delivery fell 84 cents to $64.14 a barrel.

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Centre Releases Rs 30,000 Crore to States as GST Compensation

The total amount of GST compensation released so far this fiscal ending March 31 is Rs 70,000 crore.

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States Close FY21 with Borrowing 3% Less Than Notified Rs 8.24 Lakh Crore

The states had indicated to the RBI that they would borrow Rs 8.24 lakh crore this fiscal to meet the massive revenue gap due to the lockdowns imposed due to COVID-19.

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Punjab & Sind Bank Declares Loans Worth Rs 150 Cr to IL&FS Transportation as Fraud

The said account has been reported to the RBI.

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India's Inflation at 'Uncomfortably High' Level, Says Moody's Analytics

Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody's Analytics.

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Pakistan to Offer Foreign Currency Bond, Hires Commercial Banks: Report

Borrowing costs in debt markets globally have jumped in recent weeks after a spike in rates fueled by rebounding economic activity around the world.

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Disappointed, But My Conscience is Clear: Cyrus Mistry on SC Ruling on Tata Tussle

Cyrus P Mistry said, although as a minority shareholder, he is disappointed with the verdict, he is grateful for the opportunity to sever the Tata Group as chairman.

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Sensex Rises 1,128 Points, Nifty Reclaims 14,800 Level as Global Cues and Value Buy Lift Equities

The NSE Nifty 50 on the National Stock Exchange traded at 14,801.80, up by 294.50 points, or 2.03 per cent, from its previous close.

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HDFC Bank Customers Face 'Intermittent Problems' in Mobile, Net Banking, Private Lender Assures Resolution

Customers took to social media to report issues in accessing the bank's Net Banking and Mobile Banking services.

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Nazara Technologies Debuts on Share Market; Lists at 79% Premium on BSE

The company had raised Rs 583 crore via its public offering and the price range fixed for the offering was Rs 1,100 to Rs 1,101 per share

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87% Indian Businesses Considering Long-Term Work from Home Plans, Finds Survey

BCG’s Covid-19 employee sentiment survey from 2020 showed that 70% of managers surveyed are more open to flexible remote working models than they were before the pandemic.

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Gold Price on March 30: Rate Falls by Re 1; Silver Gains Nominally

The rate of 1 gram of 22-carat gold stood at Rs 4,298 after losing Re 1 from the previous rate of Rs 4,299.

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Monday, 29 March 2021

Income Tax Rules Are Changing from April 1, Here's a Look at New Norms

Tax on EPF to higher tax deducted at source (TDS) or tax collected at source (TCS) - here are changes which will be implemented from April 1.

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Sensex Rallies Over 500 Pts in Early Trade; Nifty Tops 14,650

HUL was the top gainer in the Sensex pack, rising over 3 per cent, followed by Titan, NTPC, ONGC, Dr Reddy's, Nestle India, PowerGrid, HDFC twins and ICICI Bank.

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Beyond Borders: The True Origins Of India's Favorite Brands - Colgate, Bata And Maruti

Bata grew into one of the world's leading shoemakers, with an impressive annual sale of 150 million pairs of shoes across more than 70 c...