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Windfall tax on petroleum crude hiked to Rs 6,000 per tonne
India's progressive tax reforms in the energy sector aim to hold energy companies accountable for extraordinary profits, fostering a more equitable financial landscape. The government's strategic measures, including windfall profit taxes and regulatory adjustments, demonstrate a commitment to transparency and fairness in the industry, setting a precedent for responsible economic practices.
41,000-year-old Ostrich nest found in Andhra Pradesh
An ostrich nest typically spans 9-10 feet and can hold 30-40 eggs. The discovery of nearly 3,500 ostrich eggshell fragments within a 1x1.5 meter area marks the first evidence of ostriches in South India and provides crucial data on the extinction of megafauna—large animals over 40kg, such as horses, elephants, cattle, and hippopotamuses—in India around 40,000 years ago.
Tips to save money when you have a low income
When income is low, the ability to save is also limited. For savers like Nitin, tax-saving instruments under Section 80C may be the primary way to accumulate savings.
Affordable Laptops Under 30,000: Performance and Features Unveiled
Laptops under 30,000 are an excellent option for those seeking economical yet feature-rich devices. These budget-friendly laptops offer a balanced blend of performance and functionality, making them suitable for students, professionals, and casual users alike. Despite their lower price, they come equipped with essential features such as efficient processors, adequate RAM, sufficient storage, and decent display quality, ensuring smooth everyday computing tasks like web browsing, document editing, and multimedia consumption.
Best Kitchen Chimneys under 10,000 in India for Enjoyable Cooking Sessions (2024)
Are you looking for a kitchen chimney? If so, then continue reading this article where we have curated a list of the best chimneys under 10,000 in India. All of these chimneys are equipped with one of the best features in the market and they are readily available on Amazon.
Mercedes Benz to make Rs 3,000 crore investment in Maharashtra: minister
German car-maker Mercedes Benz will invest Rs 3,000 crore in Maharashtra, according to state Industries Minister Uday Samant. During his visit to Germany, Samant met with top executives of Mercedes Benz to discuss investment opportunities. This investment is expected to create employment opportunities in the state. The announcement comes as a boost for the Shiv Sena-BJP-NCP government, which has faced criticism from the opposition for losing major industrial projects to other states, including Gujarat.
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Can Bitcoin reach $100,000 mark in 2024? Here's what experts say
Bitcoin, which has been synonymous with volatility, has experienced dramatic price movements since its inception in 2009, reaching highs of $73,000 by 2024. Amid the current downward trend, experts expect a bullish surge by the year-end.
Recruitment for 50,000 posts to be initiated soon: Haryana CM
Haryana Chief Minister Nayab Singh Saini announced that his government will begin the recruitment process to fill 50,000 vacant posts in the state, as part of its efforts to provide employment opportunities and support youth aspirations. He stressed the continuation of the "transparent" recruitment system for government jobs and praised the youth's faith in the government's functioning
Rajasthan increases PM Kisan Samman Nidhi amount by Rs 2,000
The Rajasthan government raised the annual amount received by farmers in the state from Rs 6,000 to Rs 8,000 in the PM Kisan Samman Nidhi scheme. Chief Minister Bhajanlal Sharma announced X. He said that the commitment to farmer upliftment and holistic development remained the government's priority, fulfilling a promise made in the BJP's 'Sankalp Patra' manifesto for the Rajasthan assembly elections.
Bajaj Finance Housing Fin arm to raise Rs 4,000 crore
Bajaj Finance's housing finance arm is set to raise ₹4,000 crore via an initial public offering (IPO) to meet RBI mandates, as confirmed by the company in a stock exchange filing.
Nifty Bank pares gains but closes above 49,200; next target seen at 50,000: Experts
Tracking positive global cues, Nifty Bank rose 237 points to close at 49,291. The index saw some profit booking above the 49,600 level. PNB, Bank of Baroda and SBI closed with gains of 1-3%.
Russian cosmonaut becomes first person to spend 1,000 days in space
Russian cosmonaut Oleg Kononenko became the first person to spend 1,000 days in space. He achieved the milestone on Tuesday during his fifth journey to the International Space Station since 2008. he surpassed the previous record of 878 days, 11 hours, 29 minutes, and 48 seconds set by Russian Gennady Padalka in 2015. Kononenko's mission is scheduled to end on September 23.
World’s largest Vodka bottle, 7-foot golden marvel, on sale. Know its price, quantity and manufacturer
The world’s largest bottle of Vodka will be auctioned in London by the last week of June. It has 259 liters of Vodka and weighs 300 kgs.
Who is Bruhat Soma, the spelling champ who won the Scripps National Bee title?
A 12-year-old, hailing from Florida has been crowned the spelling bee champion at the recently concluded 2024 Scripps National Spelling Bee. He had previously won three consecutive bees before securing the national title.
Japanese man spends $14,000 to transform into 'human dog', wants to imitate other animals
In a rather bizarre incident, a Japanese national has spent a whopping $14,000 on a hyper-realistic dog costume to live as a dog, a dream he has had for a long time. Now he wants to imitate other animals.
Nifty Bank outperforms; short-covering likely on a close above 49,000: Experts
The index had a small tryst with 49K. This was also a crucial resistance level for the index. A close above the same is likely to trigger a short covering move in the index. The index rose 0.4% in the May series and the first 15 days of the June series may remain volatile.
Delhi HC asks SpiceJet to pay $4.8 mn to engine lessors in four instalments
Indian carrier SpiceJet has been directed by the Delhi High Court to pay $4.8 million in four instalments as an interim arrangement to continue using their three leased engines. If the payment is not made, SpiceJet will be liable to ground and return the engines within 15 days.
Bangladesh: 10 people dead, over 150,000 houses damaged due to cyclone Remal
As many as 10 people were killed as cyclonic storm Remal made landfall in Bangladesh's coastal area on Sunday night, according to State Minister for Disaster Management and Relief Md Mohibbur Rahman.
MrBeast, world's most subscribed Youtuber, is giving away $5 million for playing game
MrBeast has announced a $5 million giveaway, announcing the "largest game show ever." Open to US citizens aged 18 and above with valid passports till 2025, the game may run from late June to September. With over four million views since the May 27 announcement, reactions vary from disappointment to hopeful anticipation as participants prepare for the event.
More than 2,000 people buried alive in a landslide in Papua New Guinea
Papua New Guinea reported to the UN on Monday that over 2,000 individuals were buried in a massive landslide that struck a remote village. The disaster, triggered by a collapse of Mount Mungalo, devastated the Enga province, nearly wiping out the village and causing significant destruction to buildings and food gardens. The disaster center emphasized the urgent need for collaborative efforts from various stakeholders, including the army and national and regional responders.
Block deals worth over Rs 13,000 cr this week: Adani Ports, HDFC Bank, Vodafone Idea among stocks with top action
The week gone by was highly volatile, with Nifty gaining 2.2% or 490 points in four sessions and hitting a lifetime high of 23,000. The week was also in the news for block deals involving over three dozen companies from large, mid and smallcap segments worth Rs 13,059 crore on screen.
Rare Indian banknotes from 1918 shipwreck to be auctioned in London
Rare 10-rupee banknotes salvaged from a 1918 shipwreck will be auctioned by Noonans Mayfair in London next Wednesday. Estimated to fetch GBP 2,000-2,600, these notes were recovered from the SS Shirala sunk by a German U-boat. The notes bear the date May 25 1918. Also up for auction are a 100-rupee British colonial note and a 5-rupee Reserve Bank of India note.
Nifty’s next move to 25,000 will come with a GST rate rejig: Ajay Srivastava
Ajay Srivastava, CEO of Dimensions Corporate, highlights the need for a GST rate rejig to boost the consumer side of the market. He emphasizes the importance of stimulating consumption to enhance the overall market performance. Srivastava also says that this is a market which favours momentum investing more than value investing and that is the key takeaway as the market hits new highs.
Telco EMDs for June 5G sale lowest since 2014 auction: Analysts
India's top telcos submit low earnest money deposits (EMDs) for the upcoming 5G spectrum auction, marking the lowest since 2014. Analysts suggest selective bidding, foreseeing maximum spectrum demand of $2.5 billion, far below previous auctions. Reliance Jio leads EMDs; Airtel and Vi likely focus on renewals and selective bidding for 5G rollout.
Godrej Properties sold homes worth Rs 2,000 crore in Noida project
Sector 146 is a prominent upcoming residential corridor in Noida. The area provides good connectivity to the upcoming Jewar Airport, as well as to the metro station, Noida- Greater Noida Expressway and Yamuna Expressway.
Balu Forge Industries acquires 72,000-tonne forging lines in Karnataka
Balu Forge Industries Ltd (BFIL) acquired three forging lines in Karnataka with a total capacity of 72,000 tonnes per year for an undisclosed amount. The acquisitions aims to enhance its capabilities in heavy forged products. The new acquisition aims to strengthen BFIL's position in the global engineering product market, enabling it to compete on precision, product quality, and pricing. The Mumbai-based company specializes in manufacturing forged metal components for various industries.
India exports over 45,000 tonnes onion after lifting ban
India exported 45,000+ tonnes of onions post-ban lift, easing farmer woes. Nidhi Khare, Secretary, noted major exports to Middle East, Bangladesh. Govt has set minimum export price for onion. Monsoon forecast ensures good kharif crop sowing, buffer stock building.
Nifty Bank holds 48000; important levels to track on Wednesday
Nifty Bank snapped 3-day gains, fell 151 points to close in the red. Bandhan Bank, Bank of Baroda and SBI were among the top gainers from the index. The index held above the 50-DMA on the daily chart. The momentum could take it towards 48,400-48,500 levels.
India may raise FY25 CPSE dividend target in full budget
The finance ministry is set to increase CPSE dividend estimates by Rs 5,000 crore to approximately Rs 53,000 crore for the current fiscal year in the full budget to be presented in July. This adjustment reflects improved dividend forecasts based on updated financial data. Dividend receipts for 2023-24 totaled Rs 63,000 crore.
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