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Last updated on 23 Jun,2024 07:29 AM
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Refresh- Bengaluru set to get second airport. Here’s where it might be locatedKarnataka infrastructure development minister MB Patil instructed officials to prepare a feasibility report for a second commercial airport in Bengaluru, considering the city's future needs. Kempegowda International Airport (KIA) is currently the third-busiest airport in India.
- From 'Turbo' to 'Guruvayoorambala Nadayil': Must-watch Malayalam OTT releases this week on Netflix, Prime Video, Disney+ HotstarJuly 2024 brings an exciting lineup of Malayalam films on OTT platforms. From Prithviraj Sukumaran's comedic 'Guruvayoorambala Nadayil' to Mammootty's action-packed 'Turbo,' audiences can expect a diverse range of entertainment. Nivin Pauly's 'Malayalee from India' and Suraj Venjaramoodu's 'Nagendran’s Honeymoons' add intrigue and humor to the mix. With thrilling narratives and stellar performances, July's OTT releases promise to keep viewers hooked and entertained.
- Budget may impose higher tax on F&O income by treating derivatives like lottery: ReportThe government is reportedly planning to impose a higher income tax on F&O, treating it similarly to income from lotteries or cryptocurrencies in the upcoming Budget. This move aims to address concerns about retail traders losing substantial amounts in the derivatives market. Proposed changes include reclassifying F&O transactions from 'business income' to 'speculative income' and potentially introducing a TDS.
- India’s ‘sin’ is govt’s bounty: GST cess may deliver Rs 70,000 cr bonanzaThe Centre is anticipating a significant surplus of approximately Rs 70,000 crore from GST compensation cess collections, even after repaying loans taken during the Covid-19 period on behalf of states. This unexpected windfall is due to robust collections from sin goods like pan masala, cigarettes, and automobiles. Officials suggest that this surplus could allow for early loan repayments and still leave a substantial amount for other uses.
- GST Council Meeting: Railway Platform tickets exempted from GST, biometric authentication push & other key decisionsAt its 53rd meeting in New Delhi, the GST Council decided to implement nationwide biometric authentication to combat fake invoicing. Finance Minister Nirmala Sitharaman announced retrospective amendments to input tax credit timelines under the CGST Act from July 2017. The meeting, the first since the new government took office, also addressed various operational issues and recommended uniform GST rates for milk cans and carton boxes.
- 8th Pay Commission: 'New proposal to set up 8th Pay Commission immediately to increase basic, DA of central govt employees'; what is the due date of 8th CPC?8th Pay Commission Latest Update: The National Council (staff side, Joint Consultive Machinery for central government employees) urge formation of 8th Pay Commission citing rising inflation and increased revenue of the Centre. In a letter to the Cabinet Secretariat, Shiv Gopal Mishra, Secretary, National Council (staff side, JCM) claimed a gap exists between Dearness Allowance (DA) and actual price rise. He pointed to a doubling of government revenue since 2015 and decreased workforce as reasons to justify higher pay, allowances, and pensions of the central government employees.
- Hinduja brothers sentenced to jail for exploiting servants: Here's what they were charged withFour members of the influential Hinduja family, including Prakash Hinduja, Kamal Hinduja, Ajay Hinduja, and his wife Namrata, were convicted in Switzerland for underpaying servants at their luxurious villa. The family, known for its diversified business empire, faces legal consequences and has expressed plans to appeal the verdict.
- About 16% Reliance shareholders oppose reappointment of Aramco chairman as directorReliance Industries' shareholders approved reappointment of Yasir Othman H Al-Rumayyan and appointed Haigreve Khaitan as independent directors. They also reappointed P M S Prasad. The board is led by Mukesh D Ambani and includes his children Isha, Akash, and Anant, along with cousins Hital and Nikhi Meswani.
- India, Qatar discuss sale of Mirage 2000 fighters to IAFA team from Qatar is in New Delhi to discuss the sale of Mirage 2000 fighters to the Indian Air Force, enhancing combat strength amidst retiring MiG fighters.
- Sweden raises salary threshold for foreign workers by almost 120%; mulls further hikesThe government plans to further raise the threshold to 35,600 kronor, with exemptions for certain workers and a one-year grace period for current permit holders. The updated threshold applies to new applications and renewals from June 18, 2024, with annual adjustments based on median salary figures. Temporary seasonal workers must meet a lower threshold of 13,000 kronor but also ensure their salaries align with industry standards.
- Special Ops: Lioness Season 2: All we know about renewal, cast, plot and where to watchSpecial Ops: Lioness, Taylor Sheridan’s spy thriller, will return for Season 2 on Paramount+. The main cast, including Zoe Saldaña and Nicole Kidman, returns with new additions. Rumors suggest an anthology approach, possibly focusing on a mission in Mexico against the drug cartel.
- Hinduja family members get jail term for to up to 4.5 years for exploiting servants; family issues statementHinduja family members jal: A Swiss criminal court has sentenced four members of the wealthy Hinduja family to between four and 4 1/2 years in prison for exploiting their domestic workers. The court, however, dismissed more severe charges of human trafficking. The family members were accused of exploiting mostly illiterate Indian workers at their Geneva villa, including withholding passports, paying in Indian rupees instead of Swiss francs, and imposing long working hours under restrictive conditions.
- US steps up watch against counterfeit goods; Indians leave your fake Adidas, Gucci back homeThe US Customs and Border Protection (CBP) has recently intensified efforts to combat the smuggling of counterfeit luxury products, leading to the confiscation of numerous fake Adidas, Nike, and Gucci items from travelers, particularly from India. Many students and visitors arriving in the United States have reported having their counterfeit Puma, Adidas, or Nike items seized at ports of entry.
- Cracks on Mumbai's Atal Setu? Congress alleges corruption, BJP fires backNamed in tribute to former Prime Minister Atal Bihari Vajpayee, the bridge's construction quality has now been called into question by the emergence of these defects. "I inspected this bridge with my colleagues to expose the corrupt practices of the government as part of the Congress party agitation. The matter is very serious and we demand that the Hon'ble High Court should take immediate notice and investigate the matter," Maharashtra Congress chief Patole said.
- Indian streets gear up for electrifying SUV launches from Tata, Hyundai, Maruti & moreIndia gears up for a wave of SUV launches, including Tata Motors, Hyundai, Kia, and more, showcasing the industry's move towards sustainable transportation. Maruti Suzuki to unveil its first EV at Auto Expo 2025, and Mercedes-Benz targets a quarter of sales from EVs by 2026.
- Nalanda University: Admission process, courses, eligibility, fees, international collaboration, and campus facilitiesPrime Minister Narendra Modi inaugurated Nalanda University's new campus in Rajgir, Bihar, revitalizing its global academic heritage with a focus on sustainability. The institution now offers diverse programs across seven schools, including Buddhist Studies and International Relations. With international collaborations and state-of-the-art facilities, Nalanda University aims to uphold excellence in education, welcoming students through a competitive admissions process.
- Why 'Your Honor' was cancelled: The real reason behind the show's end after season 2Showtime's "Your Honor" gained acclaim for its gripping storyline, talented cast, and immersive setting over its two seasons, now accessible for streaming on Netflix.
- Reliance shareholders approve retail unit's $4 billion lease to Jio FinancialJFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business. Through the deal, JFS' unit - Jio Leasing Services - will buy customer premises equipment, devices and telecom equipment such as routers and cell phones.
- ET Circle: Cyril Shroff’s time-honoured lessons in law, legacy, and leadership and crafting timeless institutions In this episode of the ET Circle multimedia series, discover what differentiates leading a legal services firm compared to a conventional business, the significance of a value system for building institutions that outlive physical assets, and enduring leadership lessons that blend the purity of purpose with resilience, the spirit to absorb adversities, and the vision to lead with empathy. Learn these invaluable insights from none other than Cyril Shroff, the Managing Partner at Cyril Amarchand Mangaldas, a legal services firm with a rich heritage spanning over a century.
- ET Make in India SME Summit in Lucknow: Micro industries must be given adequate support in the MSME ecosystemThe purpose of these regional ET MSME Summit events is primarily to increase awareness, promote networking and support industry-specific learning to give small industries a leg up.
- FD interest rates above 9%; use this strategy to maximise returns from fixed depositsMaximising returns from FDs: When you use a fixed deposit ladder, you don't need to predict interest rate changes to find the best time to book your FD. Instead, you should book according to your ladder requirements. This way, the impact of interest rate changes is spread out because some FDs may be booked at lower rates while others may be booked at higher rates.
- BPCL bonus issue: Last day to buy shares to qualify before record dateBPCL had announced June 22 as the record date for its 1:1 bonus share issuance. Friday is the last day to buy shares to qualify for receiving the company's bonus shares. The bonus shares are expected to be credited to shareholders' accounts by July 8, as per a previous filing with the stock exchanges.
- Error in AIS: How to correct errors in Annual Information Statement to file ITRITR filing: The Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayers can provide feedback on information displayed in AIS.
- What's behind India's hardening posture against China?India appears to be adopting a tougher stance towards China, with Prime Minister Modi set to attend the Shanghai Cooperation Organisation (SCO) meeting in Kazakhstan in July. Recent developments suggest a hardening of India's posture against China, including refusing to resume direct passenger flights and engaging with Taiwan, signaling a shift in India's approach.
- Nita Ambani's sartorial fashion choices light up Anant Ambani's European pre-wedding festivitiesNita Ambani showcased elegant looks at her son's pre-wedding festivities in Europe.
- New NPS investment option Balanced Life Cycle Fund to help you build bigger retirement corpus; PFRDA to launch it in July-SeptemberNPS Balanced Life Cycle Fund by PFRDA: The NPS auto choice option is suitable for those NPS subscribers who find it difficult to decide when and how much to invest in each asset class. As the equity exposure reduces each passing year, the NPS subscriber does not need to manage the allocation according to the risk appetite actively. Now the equity exposure in the Balanced Life Cycle Fund has been increased till the age of 45. So several young NPS customers will benefit from it.
- Adani Ports to enter Sensex on Monday, Wipro to exit as part of semi-annual rejigAdani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.
- NEET-PG exam postponed, fresh date to be announced soonNEET-PG exam: The Ministry of Health and Family Welfare has postponed the NEET-PG Entrance Examination, originally scheduled for tomorrow, citing recent allegations questioning the integrity of certain competitive exams. The ministry stated that this decision was made to conduct a thorough assessment of the examination processes conducted by the National Board of Examination for medical students.
- Sania Mirza-Mohammed Shami marriage: Tennis star's father strongly reacts to wedding rumours. Here's the truthSania Mirza Shami Marriage: Rumors recently surfaced about Indian tennis star Sania Mirza and cricketer Mohammed Shami getting married, following both athletes' respective separations. Sania’s father, Imran Mirza, dismissed these rumors, stating that Sania has never met Shami. Amid these speculations, Sania embarked on a Hajj pilgrimage, sharing her hopes for a transformative experience on social media.
- Is Earth really getting too hot for people to survive? A scientist explains extreme heat and the role of climate changeMany countries have seen extremely hot weather lately, but in most of the inhabited world, it's never going to get "too hot for people to live here," especially in relatively dry climates.
- Railways: Why Kavach, which could've prevented Kanchanjunga accident, is taking so long to be installedKavach: The basic reason why the installation of this technology is taking time is because deploying it is a complex process, particularly because it has to be installed on existing networks without disrupting train schedules.
- IPO Calendar: Primary market to see 9 new issues and 11 listings next week in post-election boomAlongside new IPOs, 11 companies will be listed on the stock market, including Stanley Lifestyles, DEE Development Engineers, and Akme Fintrade. Both DEE Development Engineers and Akme Fintrade's public offerings were oversubscribed, indicating strong investor interest.
- Crypto Aliens: Harvard study claims extraterrestrials from outer space are living among humansA Harvard University study suggests that alien beings, termed "cryptoterrestrials," might live covertly among humans on Earth. These entities could exist underground, on the moon, or disguised as humans. The study explores various forms of cryptoterrestrials and calls for open-minded consideration despite skepticism. The paper is pending peer review, continuing the intrigue about extraterrestrial life.
- Union Budget 2024: By eliminating exemptions in direct taxes, complexities and litigation costs can be removedThe article delves into the historical quirks of taxation, from ancient Egypt to medieval England, highlighting the unique taxes imposed by various rulers. It discusses the current scenario of tax reform anticipation with the upcoming Union budget, resonating with the historical dread of tax season.
- A tip-off opened NEET Pandora's box: Mystery call on 4 criminals led Bihar police to crack paper leak caseAn anonymous whistleblower's tip to Patna police exposed a nationwide NEET-UG fraud network. Four suspects were arrested, leading to the discovery of a large-scale operation where candidates paid Rs 30-50 lakh for leaked questions. The investigation revealed a vast network involving coaching institutes, teachers, and students, with significant evidence seized and multiple arrests made.
- Earn FD interest rate up to 9.50%: Which bank is offering the highest fixed deposit rates for senior citizens?Earn FD interest rate up to 9.50%: Banks offer higher interest rates to senior citizen customers on fixed deposits than to general citizens.
- Why are India's richie rich choosing Dubai to migrate?A report by Henley & Partners reveals that approximately 4,300 millionaires are expected to leave India this year, with many choosing the UAE as their destination. The UAE's appeal lies in its business opportunities, financial benefits, and high-quality lifestyle, attracting both wealthy individuals and professionals.
- Management team largely in place to take Bandhan Bank forward after Chandra Shekhar Ghosh retires, says CFOBandhan Bank CFO says the NPA portfolio has been reduced from almost Rs 8,700 crore to about Rs 4,700 crore. That particular clean-up exercise took place in March which took care of a large part of the book that was prior to the year FY2022 and earlier and brought gross NPA levels down to almost 3.8%. We still have further journey to climb on that particular front.
- 10 BSE 100 stocks turned multibaggers in one year but Zomato, Trent beat them on this parameterAccording to Ace Equities data, Trent leads the pack with a 213% return in one year and a beta of 0.70. Zomato, the food delivery platform, and Bajaj Auto, the two-wheeler company, yielded 162% and 107% respectively, with one-year betas of 0.78 and 0.42.
- GST Council Meeting: Sin goods windfall, tax relief talks, and more ahead of budget buzzGST Council Meeting: The upcoming 53rd meeting of GST Council is poised to discuss several key measures that could pave the way for significant tax reforms ahead of the government's first full budget. Among the agenda items are -- the use of approximately Rs 70,000 crore collected from GST compensation cess on products like pan masala and cigarettes. Discussions may also cover the potential waiver of interest or penalties on tax notices issued between 2017 and 2020, excluding cases of deliberate default.
- Anil Agarwal likely to sell a 2.5% stake in VedantaVedanta Resources, which holds a majority stake in Vedanta, is reportedly considering selling a 4-5% stake in the company. The deal could be facilitated by an international bank and is expected to capitalise on the recent surge in Vedanta's share price.
- Meerut to Ghaziabad in 30 minutes: Namo Bharat Rapid rail services to Meerut South station may start next weekThe Namo Bharat rapid rail corridor is likely to be extended from Sahibabad to Meerut South by the end of this month, enhancing connectivity between Ghaziabad and Meerut. Approved by the Commissioner of Metro Rail Safety, this 8km extension will cut travel time to 30 minutes. The project includes 13 Meerut stations, with substantial benefits for students and commuters, promising a significant upgrade in travel efficiency.
- 'ED not acting without bias': Check what Delhi Court said in Arvind Kejriwal's bail orderDelhi's Rouse Avenue Court granted bail to Chief Minister Arvind Kejriwal on Thursday, citing insufficient direct evidence and potential bias in the Enforcement Directorate’s (ED) investigation into an alleged money laundering case. The court's decision came in a 25-page order.
- Major cyber fraud prevented in Lucknow, would have been one of the biggest cases in UP's historyThe story started with fraudsters opening another account in AKTU's name in the same bank where it already had an account. Then, bank officials were fooled via an elaborate ploy to transfer a huge amount fo the fake a/c. It eventually took an audit to uncover the scam.
- Tata Steel workers in UK call first strikes in 40 yearsAround 1,500 Tata Steel workers at Port Talbot and Llanwern in Wales will launch an "all-out indefinite strike" starting July 8 in protest against Tata's plans to cut 2,800 jobs and shut down blast furnaces. This marks the first major strike action by UK steelworkers in over 40 years, following earlier measures like working to rule and an overtime ban. Unite the Union, representing the workers, emphasized that the strike aims to resist Tata's restructuring plans, asserting that it jeopardizes jobs and the future of the Welsh steel industry.
- Customs department warns against new parcel fraud:'Drug was found in your parcel, will inform police'; how to save yourself from this fraudNew parcel scam: The Central Board of Indirect Taxes and Customs (CBIC) has stated that several people complained to them about a fake parcel scam being conducted in the name of customs. In this scam you get a call from a fake officer informing you that cocaine or other drugs have been found in a parcel with your name. Read to know more about this scam and how to stay safe.
- 'Bigg Boss OTT 3' contestant full list revealed: Vada Pav Girl Chandrika Dixit, Naezy, Sana Sultan... to join Anil Kapoor hosted reality showBigg Boss OTT Season 3, hosted by Anil Kapoor, is set to premiere on JioCinema on June 21. The show will feature a diverse group of contestants, including TV actors, influencers, musicians, and sports personalities. Confirmed participants include rapper Naezy, TV stars Sai Ketan Rao, Poulomi Polo Das, and Sana Makbul, among several others. This season promises a blend of drama, entertainment, and competition.
- These Paytm wallets will be closed on July 20, 2024Latest on Paytm: In March, the Reserve Bank of India (RBI) issued guidelines that prohibit Paytm Payments Bank Account/Wallet from receiving new deposits or authorizing credit transactions beyond March 15, 2024.
- How Mumbai beggars alert photographers on Bollywood celebrities' locationAlthough paparazzi often operate covertly and are depicted as anonymous journalists pursuing celebrities for candid shots, many are actually hired by the stars to create the perfect viral moment online. Despite appearing spontaneous, most celebrity photos and videos we see online are meticulously arranged in advance. Nothing is left to chance.
- Anti-paper leak law for exams comes into effect amid NEET, UGC-NET row; Jail term and hefty fines introducedAmid concerns over exam leaks, the Indian government has introduced a new law with stringent penalties, including jail terms and fines, to combat cheating in public exams. The law, effective from June 21, aims to bring transparency and credibility to exams like NEET and UGC-NET, which have faced controversies. The move comes after protests and legal actions following allegations of question paper leaks and irregularities in recent exams.
