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Advance tax first instalment payment: Who has to pay, penalty for missing

Published on Jun 14, 2024 03:29 PM IST

Advance tax first instalment payment: Taxpayers are required to pay advance tax in four quarterly payments between June 15 and March 15 of the financial year.

Advance tax first instalment payment: Taxpayers are required to pay advance tax in four quarterly payments between June 15 and March 15 of the financial year.

Elon Musk’s X wants laid-off employees to give money back: ‘They were overpaid’

Emails from the company's Asia Pacific HR department show that overpayments occurred in January 2023, ranging from $1,500 to $70,000 per employee.

Elon Musk attends the Breakthrough Prize awards in Los Angeles, California, US.(Reuters)
Updated on Jun 15, 2024 08:48 AM IST

India's May exports up 9.1% y/y as outlook improves

Merchandise imports in the same month rose 7.7% year-on-year to $61.91 billion - widening the trade deficit to $23.78 billion.

Services exports in May were estimated at $30.16 billion and imports at $17.28 billion, compared with $30.33 billion and $16.63 billion respectively in April.
Published on Jun 14, 2024 02:47 PM IST
Reuters |

Hyundai looks to sell up to 17.5% stake in India unit IPO: Report

Hyundai IPO: The listing will reduce Hyundai Motor India's dependence on its Korean parent for funds.

The logo of Hyundai Motor is seen on a car displayed at a Hyundai dealership in Seoul.(Reuters)
Updated on Jun 14, 2024 02:33 PM IST
Reuters |

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation

TESLA-COMPENSATION/VALUATION (GRAPHICS, PIX):GRAPHIC-Musk wins pay approval but still faces Tesla's floundering stock and rich valuation

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation
Published on Jun 14, 2024 02:32 PM IST
Reuters |

EPF withdrawal clause: EPFO stops giving Covid-19 advance facility

EPFO said in a statement, “As Covid-19 is no more a pandemic, the competent authority has decided to discontinue the said advance with immediate effect."

Employee Provident Fund (EPF) account holders could withdraw money twice amid Covid.
Published on Jun 14, 2024 02:27 PM IST

Global airlines bet on India travel boom

INDIA-AIRLINES-EXPANSION:Global airlines bet on India travel boom

Global airlines bet on India travel boom
Published on Jun 14, 2024 02:12 PM IST
Reuters |

Global airlines bet on India travel boom

INDIA-AIRLINES/EXPANSION (PIX):Global airlines bet on India travel boom

Global airlines bet on India travel boom
Published on Jun 14, 2024 02:07 PM IST
Reuters |

Eid stock market holiday 2024: Are NSE, BSE closed on Monday, June 17?

Eid stock market holiday 2024: The Indian stock market will resume trading on June 18, according to the BSE and NSE websites.

Eid stock market holiday 2024: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Updated on Jun 15, 2024 09:11 AM IST

Hyundai Motor India expected to file draft IPO papers with Sebi today: Reports

Hyundai Motor IPO: This could mark India's biggest IPO so far after Life Insurance Corporation of India’s IPO of ₹20,557 crore ($2.46 billion) in May 2022.

Hyundai Motor IPO: The Indian arm of South Korean carmaker Hyundai Motor Company will file a draft red herring prospectus for its $3-3.5-billion IPO.
Published on Jun 14, 2024 01:52 PM IST

Saturday bank holiday: Are banks open or closed on June 15, 2024?

June 15 bank holiday: Bank holidays are designated by RBI under Negotiable Instruments Act, Real-Time Gross Settlement holidays and Banks' Closing of Accounts.

June 15 bank holiday: Bank holidays are designated by the Reserve Bank of India (RBI). However, this may differ from state to state.
Updated on Jun 15, 2024 09:10 AM IST

Bajaj Housing Finance' 7,000 crore IPO to be launched soon, DRHP filed

The issue includes a fresh issue of shares worth ₹4,000 crore and parent Bajaj Finance Ltd will sell shares worth another ₹3,000 crore.

Bajaj Housing Finance IPO: Through the IPO, the company will raise as much as <span class='webrupee'>₹</span>7,000 crore.
Updated on Jun 14, 2024 01:18 PM IST

Wholesale inflation rate hits 14-month high in May: Government data

India's retail inflation rate eased slightly in May to 4.75%, partly helped by a fall in fuel prices although food prices remained elevated

Wholesale inflation rate hits 14-month high in May
Updated on Jun 14, 2024 12:19 PM IST

Eid bank holiday June 2024: Are banks open or closed on June 17?

Eid bank holiday: RBI designates holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays and Banks' Closing of Accounts.

Eid Bank Holiday June 2024: On bank holidays, customers can use net banking, mobile banking and ATMs.
Updated on Jun 15, 2024 09:11 AM IST

Godfrey Phillips' Samir Modi seeks police protection citing threat from mother

Samir Modi alleged that he faces more threats from his mother as the family feud over inheritance worsens.

Samir Modi had earlier accused his mother Bina Modi of planning an attack on him.
Published on Jun 14, 2024 11:38 AM IST

Prestige Estates hits all-time high, CLSA retains 'buy' with 16% upside

Prestige Estates share price: Global brokerage CLSA reiterated a 'Buy' rating on the stock and raised target price to ₹2,320.

Prestige Estates share price: The CLSA said that Prestige Estates' valuations remain discounted compared to peers
Published on Jun 14, 2024 11:14 AM IST

Workers in Amazon warehouse get no toilet, water breaks till targets met: Report

Workers alleged that they are directed to take oaths they won't take toilet or water breaks until their target of unloading packages is completed.

Amazon has faced such allegations abroad before as well as the Occupational Safety and Health Administration in the US had in 2022 and 2023 flagged the company's unsafe working conditions and failure to properly report injuries at six warehouses.
Published on Jun 14, 2024 10:52 AM IST

You may have to pay a lot more for a car as emission rules get stricter

Automakers in India have to cut carbon emissions by a third over the next three years or face penalties under corporate average fuel efficiency norms.

The bureau of energy efficiency has asked industry stakeholders to submit their comments by the first week of July.
Updated on Jun 14, 2024 12:43 PM IST

BSE all listed firms' mcap now 4th-highest globally, surpasses Hong Kong again

The United States is the world's biggest market with a mcap of $56.49 trillion, China is second with a mcap of $8.84 trillion and Japan is third.

Indian stock market has seen significant volatility after the election results. On June 4, the market fell by more than 6% but it has been rebounding since then to hit a record high.
Updated on Jun 14, 2024 12:42 PM IST

Ambuja Cements share price jumps 3% today, analysts bullish on Adani firm stock

Ambuja Cements share price: Adani Group firm Ambuja Cements announced acquisition of Penna Cement Industries Ltd at an enterprise value of ₹10,422 crore.

Ambuja Cements shares rallied as much as 3.86% to a fresh high of <span class='webrupee'>₹</span>690 apiece on the BSE.
Updated on Jun 14, 2024 09:42 AM IST

Apple sued by female employees: Company pays women less, men given more bonuses

The female employees said that during performance reviews, Apple gives higher scores to men which results in lower bonuses and pay for the women.

Apple logo is seen in this illustration. Apple was sued by two female employees who claimed discrimination in pay and bonuses. (Reuters)
Published on Jun 14, 2024 09:20 AM IST

Laid off Paytm employees share ordeal: ‘Cried… was willing to work for less pay'

Paytm employees are being asked to "voluntarily resign" without being given any prior notice while others are being asked to pay back retention bonuses.

Paytm founder and CEO Vijay Shekhar Sharma during an event in Mumbai, (PTI)
Updated on Jun 14, 2024 03:18 PM IST
By | Edited by Mallika Soni

GP Eco Solutions India IPO opens for subscription: All you need to know

GP Eco Solutions India IPO will conclude on June 19. The price band of the issue has been set in the range of ₹90 to ₹94 per share.

GP Eco Solutions India IPO: The price band of the issue has been set in the range of <span class='webrupee'>₹</span>90 to <span class='webrupee'>₹</span>94 per share.
Updated on Jun 14, 2024 09:57 AM IST

Kunal Kamra mocks Zomato CEO’s world record post: ‘You’re such a hack bro’

CEO Deepinder Goyal shared that Zomato set Guinness World Record for “largest first aid lesson at a single venue.” Kunal Kamra responded to the post

Stand-up comic Kunal Kamra questioned the Zomato CEO on the average income and working hours of their delivery partners.
Updated on Jun 14, 2024 12:42 PM IST

Mercedes-Benz to invest 3,000 crore in Maharashtra, minister Uday Samant says

The company said, “Mercedes-Benz is committed to its current investment plans in India which were announced in January."

The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer.(Reuters)
Published on Jun 14, 2024 07:50 AM IST

Bill Gates says he was a ‘misfit’ as a child, constantly fought with his parents

Bill Gates said, "I’ve been in the public eye since my early twenties, but much of my life before then isn’t well known.

Bill Gates attends the TIME100 Gala celebrating the 100 most influential people in the world at Lincoln Center in New York. (AP)
Updated on Jun 14, 2024 12:41 PM IST
By | Edited by Mallika Soni

Elon Musk to take home much less than $56 billion pay owing to this reason

Elon Musk is now worth $48.3 billion as of Thursday’s market close owing to a steady decline in Tesla share price this year.

Elon Musk arrives at the 10th Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles. Tesla CEO Musk's massive pay package that was thrown out by a Delaware judge has been approved by the company's shareholders. (AP)
Updated on Jun 14, 2024 07:25 AM IST
By | Edited by Mallika Soni

Apple is world's most valuable company again after Microsoft briefly took title

Apple's stock witnessed a blistering rally making it the biggest three-day advance in the shares since August 2020.

Microsoft logo is seen on the smartphone in front of displayed Apple logo in this illustration. Since January, this marks the first time that Apple closed with a higher market value than Microsoft. (Reuters)
Published on Jun 14, 2024 06:58 AM IST
By | Edited by Mallika Soni

Google responds to engineer's post on 1 key takeaway from the company’s culture

Qingyue Wang joined Google in 2022 as a software engineer, then shifted to the role of career coach. Her post on Google's culture prompted several replies.

The image shows a software engineer, currently working as an internal career coach, whose LinkedIn post on Google’s culture is viral. (LinkedIn/Qingyue (Annie) Wang)
Updated on Jun 14, 2024 12:07 PM IST

Elon Musk's shout out to Donald Trump in Tesla meet: ‘He calls me for no reason'

Elon Musk said Donald Trump is “very nice when he calls" and that he has told the former US president that EVs are good for the future.

Elon Musk said that Donald Trump calls him often and is a “huge fan” of the futuristic Cybertruck. (AP)
Updated on Jun 14, 2024 08:15 AM IST
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