BUSINESS
Govt further extends tax compliance timelines; individuals can file returns by Sept 30
Accordingly, the Central Board of Direct Taxes (CBDT) has now extended the due date for furnishing of Return of Income for the Assessment Year 2021-22, which is 31 July, 2021 by couple of months to 30 September, 2021.
I-T department to launch new e-filing Portal on June 7
The new e-filing portal is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers, ministry of finance said in a statement.
RIL well-placed in consumer business: Survey
BofA Securities conducted an online survey of 1,000 users in India (using Survey Monkey) to gauge the changing consumer thought process and understand traction. Key insights of the survey showed that on mobile tariffs, 69 per cent of the surveyed users don't mind paying 15-20 per cent higher telco tariffs.
Global cues, slowdown fears subdue equities, metal stocks fall
Both the key indices started on a positive note with a gap-up opening, but ceded their initial gains soon afterwards. Among sectors, realty was the only major gainer while metals, banks, and oil and gas were the main losers.
Global cues subdue equity markets, metal stocks fall
At 11.50 a.m., the S&P BSE Sensex traded at 49,921.61, higher by 18.97 points, or 0.04 per cent, from its previous close. Similarly, the Nifty50 of the National Stock Exchange traded at 15,014.25, up by 15.90 points, or 0.11 per cent, from its previous close. Besides, both the key indices started on a positive note with a gap up opening, however, ceding their initial gains soon afterwards.
5 women employees sue Amazon over discrimination
The women, in their early 20s to mid-60s, alleged in the lawsuit filed in various US district courts that they were retaliated against by "white managers" for complaining internally about race, gender, or sexual harassment or discrimination that they experienced, ReCode reported on Wednesday.
Elon Musk is no longer world’s second-richest person
Musk, the co-founder of electric vehicle maker, Tesla, was ousted by LVMH president Bernard Arnault as the value of Tesla fell by 24% since January this year. Arnault unseated Musk by a difference of a few million dollars. While the luxury goods tycoon Arnault has assembled a fortune of $161.2 Billion, the Tesla CEO’s fortune fell to $160.6 billion, says the report by Bloomberg Billionaires Index.
Bitcoin tumbles after China warning
Bitcoin was last down 12 per cent to $38,180, setting a fresh low for the past 24 hours of $36,219 in a month that has left the No 1 cryptocurrency 31 per cent lower. Bitcoin hasn't traded below the $40,000 level since early February and is roughly 40 per cent below a mid-April record high of $64,829, the report said.
Indian Oil Corp reports Q4 net profit of Rs 8,781 cr
During the same period of FY20, the company had reported a net loss of Rs 5,185.32 crore. The profits during the last quarter of FY21 came on account of higher inventory gain and higher petrochemical margin during current year.
Amazon donates $5mn of medical equipment to help India fight Covid
The critical life-saving equipment includes 82 anaesthesia ventilators, 1,238 BiPAP machines and 60 ventilators. The medical equipment will be distributed to Amazon's on-the-ground community partners such as the American India Foundation, ACT Grants and Swasth, who will distribute to verified hospitals and non-profit organisations across the country to ensure it reaches communities where it is needed the most.
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