BUSINESS
People face glitches on last day of linking PAN with Aadhaar
The Income Tax Department in a tweet said: "In this regard, it is to be informed that status of challan payment may be checked in ‘e-pay tax’ tab of portal after login".If a payment is successful, then PAN holder can proceed to link PAN with Aadhaar, it said.
HDFC Ltd to merge into HDFC Bank to create financial behemoth
HDFC Bank and HDFC Ltd had announced a decision to merge on April 4, 2022, subject to obtaining the requisite consent and approvals and had indicated a time frame of 15 to 18 months for the process to be concluded. The Boards of both the companies at their respective meetings held on Friday noted that the merger would be effective from July 1, 2023.
Apple only company ever to reach $ 3 trillion in market cap
Its shares rose 1 per cent on Friday to hit a record $191.34. With 15.7 billion shares outstanding, the stock price pushed Apple to its historic market value, CNN reported. Apple has been here once before: On January 3, 2022, when it hit the $ 3 trillion mark during intraday trading, but failed to close there.
The 1000-point journey for Sensex jump took 144 sessions
Sensex crossed and closed above 64,000 points for the first time on Friday. The latest 5,000-point milestone took place in 443 sessions or 21.7 months, Sriram said. Sensex CAGR as measured by Price Return Index for the past 20 years stood at 15.5 per cent and by Total Return Index at 17.2 per cent.
UK warns in-depth probe into Adobe’s $20B Figma acquisition
Adobe has five working days to submit proposals to address the concerns else, the investigation will proceed to an in-depth phase 2 review, the UK’s Competition and Markets Authority said in a statement. “This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns,” said the CMA.
UK warns in-depth probe into Adobe’s $20B Figma acquisition
Adobe has five working days to submit proposals to address the concerns else, the investigation will proceed to an in-depth phase 2 review, the UK’s Competition and Markets Authority said in a statement. “This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns,” said the CMA.
Sensex jumps 800 points to record highs on FII buying, monsoon progress
Nifty opened gap up and strengthened throughout the day to close near the day’s high with gains of 213 points (+1.1 per cent) at 19,186 levels. The broader market too participated in the rally with the Nifty midcap 100 at a fresh record high. All sectors ended in the green, except metals, said Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services.
All platforms have to comply with Indian law: MoS IT on Twitter ruling
The court ruled that Twitter's petition was devoid of merit, and also imposed a cost of Rs 50 lakh on the microblogging platform. “All platforms have to be in compliance with the Indian law and Twitter under Jack Dorsey repeatedly refused to do so,” the Minister said in a tweet.
All platforms have to comply with Indian law: MoS IT on Twitter ruling
The court ruled that Twitter's petition was devoid of merit, and also imposed a cost of Rs 50 lakh on the microblogging platform. “All platforms have to be in compliance with the Indian law and Twitter under Jack Dorsey repeatedly refused to do so,” the Minister said in a tweet.
Ensure affordable credit to MSMEs to achieve $1 tn merchandise exports target: Piyush Goyal
He gave these directions during a meeting called recently to discuss the issue of increasing the availability of export credit to the MSME exporters. The meeting was attended by top officials of 21 banks including the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, Bank of India and Central Bank of India among others.
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