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Business Updates

CBIC Makes Aadhaar Authentication Of Taxpayers Mandatory For Claiming GST Refund
CBIC Makes Aadhaar Authentication Of Taxpayers Mandatory For Claiming GST Refund

While businesses file GSTR-1 of a particular month by the 11th day of the subsequent month, GSTR-3B, through which businesses pay taxes, is filed in a staggered manner between 20th-24th day of the succeeding month.

Seaweed Farming Will Help Boost Economy, Reduce Climate Impact
Seaweed Farming Will Help Boost Economy, Reduce Climate Impact

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) has a special thrust for promotion of the seaweed farming.

Fuel Price
Diesel Price Increased, Petrol Rate Remains Steady

In Mumbai, the petrol price was stable at Rs 107.26 per litre while the diesel rate increased to about Rs 96.40 a litre.

Sensex
Record High: Sensex Breaches 60K, Nifty Just Short Of 18K-Mark

The broader NSE Nifty50 traded above the 17,900-mark. It opened at 17,897.45 points from its previous close of 17,822.95 points.

Market At Fresh Peak
Market At Fresh Peak: Sensex Skyrockets 958 Pts; Nifty Tops 17,800

Bajaj Finserv was the top gainer in the Sensex pack, rising over 4 per cent, followed by L&T, HDFC, Axis Bank, SBI, Reliance Industries and IndusInd Bank.

Govt May Offer Pre-Pack Insolvency Resolution Plan Even For Large Corporates
Govt May Offer Pre-Pack Insolvency Resolution Plan Even For Large Corporates

PIRP could work for large corporates as well and can quicken the pace of resolution of large stressed assets as well.

Sensex Tanks 525 Pts; Gold Gains Marginally
Sensex Tanks 525 Pts; Gold Gains Marginally

The Indian stock market is witnessing a high level of volatility affected by global cues as markets all across showing weak trends.

Rupee
Rupee Falls 34 Paise To 73.82 Against US Dollar In Early Trade

On the domestic equity market front, the 30-share index was trading 49.39 points or 0.08 per cent lower at 58,966.50. Similarly, the broader NSE Nifty was trading 27.35 points or 0.16 per cent down at 17,557.80.

fuel price rise
Fuel Prices Stable For Fortnight Amidst Volatility In Global Oil Market

The daily review and revision of prices are based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.

Cryptocurrency
Cryptocurrency Hyper Fund Under Govt Scanner

Hyper Fund, a DEFI by Hyper Tech Group has come under the radar recently. The Group claims to have launched the Hyper Fund to provide a decentralized financial infrastructure

PAN-Aadhaar Linking Deadline Extended; Check Latest Timelines For Income Tax Compliances
PAN-Aadhaar Linking Deadline Extended; Check Latest Timelines For Income Tax Compliances

As per the latest notification issued by the Department of Finance, the deadline has been extended till March 2022. Earlier, the cutoff timeline for PAN-Aadhaar linking had been fixed to September 30, 2021.

Notice Served To JSW Steel In Odisha’s Keonjhar Over GST Payment Irregularities
Notice Served To JSW Steel In Odisha’s Keonjhar Over GST Payment Irregularities

A notice has been served to JSW Steel Limited in Keonjhar for alleged irregularities in the companies GST payment to the government between April 2020 and March 202

Sensex
Sensex Rallies Over 400 Pts To New Peak In Early Trade; Nifty Tops 17,700

Both key indices, S&P BSE Sensex and NSE Nifty50, made new record highs. The Sensex crossed the 59,500 mark, while Nifty breached the 17,700 level.

Nirmala Sitharaman
Govt approves Rs 30,600 cr sovereign guarantee to operationalise bad bank

Centre on Thursday approved to provide Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL)

 Sensex
Record Highs: Sensex Crosses 59k Mark; Telecom Stocks Soar

According to Likhita Chepa, senior Resaerch Analyst, CapitalVia Global Research: "Sentiments got boost as government has approved a big-bang relief package for the stressed telecom sector."

Indian Railways
Indian Railways' Fare Policy: Reduction In Train Ticket Prices, New Time Table In October Likely

Union Minister of State for Railways had earlier revealed that the Railway has suffered losses to the tune of Rs 36,000 crore during the Covid-19 pandemic. Besides, the Railway had reportedly improved its operating ratio to 97.45% owing to no concessions and tightening of expenses due to Covid-19.

Fuel Price
OMCs Hold Petrol, Diesel Price Revision Even As Global Crude Rates Rise

Fuel prices have been hovering at record levels on account of 41 increases in its retail rates since April this year.

Bharat Series Registration Of Vehicles
Bharat Series Registration Of Vehicles Starts In Odisha

Two per cent extra charge will be levied for diesel vehicles, while it will be 2 per cent less for electric vehicles, the STA said.

Petrol, Diesel Prices Static For 10 Consecutive Days
Petrol, Diesel Prices Static For 10 Consecutive Days

In Mumbai, the petrol price was stable at Rs 107.26 per litre on Wednesday while diesel rates also remained unchanged at Rs 96.19 a litre.

India's First Plant For CO2 Capture From Blast Furnace
Tata Steel Commissions India's First Plant For CO2 Capture From Blast Furnace

Tata Steel commissioned a 5-tonne per day (TPD) carbon capture plant at its Jamshedpur Works, making it the country's first steel company to adopt such a carbon capture technology that extracts CO2 directly from the blast furnace gas

FinMin
FinMin Gives Nod To 11 States To Borrow Additional Rs 15,721 Cr

These states are Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Manipur, Meghalaya, Nagaland, Rajasthan and Uttarakhand.

Data Privacy
IRDAI's Move To Risk Policyholder's Data Privacy, Create Data Monopoly: Experts

The data of millions of Indian policyholder's -- life and non-life -- is to be transferred to the Insurance Information Bureau of India (IIB), a society registered under the Andhra Pradesh Societies Registration Act as per the regulations proposed by the insurance regulator.

India's August Retail Inflation Eases To 5.30% As Food Prices Cool Off
India's August Retail Inflation Eases To 5.30% As Food Prices Cool Off

The macro-economic data assumes significance as it brings retail inflation mark in the range of the Reserve Bank of India's set target of 2-6 per cent for CPI inflation.

CBDT Issues Tax Refunds Worth Rs 70K Cr So Far In FY22
CBDT Issues Tax Refunds Worth Rs 70K Cr So Far In FY22

It has also decided that the due date of furnishing of report of audit under any provision of the Act for the previous year 2020-21, has been extended to January 15, 2022.

Zomato To Shut Its Grocery Delivery Service
Zomato To Shut Its Grocery Delivery Service

The recently-listed company had started its grocery service pilot in select markets offering delivery within 45 minutes to its customers.