BUSINESS
Over 7.65 Crore Income Tax Returns Submitted for Assessment Year 2023-24
A total of more than 7.65 crore ITRs were filed for assessment year 2023-24 by this deadline.
US Federal Reserve Maintains Interest Rates, Hints at Possible Future Increase
Interest rates will remain within the range of 5.25 percent to 5.5 percent, following a series of rate increases that began in March 2022, aimed at curbing inflation and bringing it below the target rate of 2 percent.
Banking Access in Russia Made More Convenient for Indian Individuals
The Russian embassy revealed that Indian nationals will now have the ability to acquire a bank card from a partnered Russian bank and engage in financial transactions immediately upon their arrival in Russia. This development is especially beneficial for Indian tourists and students.
Jet Airways Founder Naresh Goyal and Family Face Asset Attachment of Rs 538 Crore in Money Laundering Case
The ED released a statement, indicating that properties worth Rs 538.05 crore have been attached under the provisions of the Prevention of Money Laundering Act, 2002, as part of their investigation into money laundering related to Jet Airways (India) Ltd (JIL).
Indian Factory Growth Hits an 8-Month Low in October, Notes S&P Global
The Manufacturing Purchasing Managers' Index (PMI) dropped to 55.5 in October, down from 57.5 in September.
Rupee Encounters Strong Headwinds
Market analysts have noted that while the Reserve Bank of India (RBI) has been successful in maintaining the stability of the rupee by releasing US dollars from its reserves, this cannot be sustained indefinitely.
Commercial LPG Cylinder Prices Rise by More Than Rs 100, Marking Second Monthly Increase
According to the latest adjustments, the price of a 19 kg commercial LPG cylinder in Delhi has risen to Rs 1,833, up from the previous Rs 1,731. This recent hike follows a Rs 209 increase per cylinder on October 1.
US Bond Yield Spikes Outweigh Israel-Hamas Conflict in Equity Market Influence
It's worth noting that the global equity markets are currently more affected by the increase in US bond yields than by the Israel-Hamas conflict, according to him.
US Bond Yield Spikes Outweigh Israel-Hamas Conflict in Equity Market Influence
It's worth noting that the global equity markets are currently more affected by the increase in US bond yields than by the Israel-Hamas conflict, according to him.
WeWork Gearing Up for Bankruptcy Filing as Stock Continues to Plummet
Sources cited in a Wall Street Journal report claim that WeWork is making preparations for a chapter 11 bankruptcy filing in the state of New Jersey.
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