5G network: India's biggest ever auction of telecom spectrum received a record Rs 1.5 lakh crore of bids, with Mukesh Ambani's Jio cornering nearly half of all the airwaves sold with a Rs 88,078 crore bid.
While initially income tax return (ITR) filing was slow, the pace picked up as the deadline neared.
5G Network: Akash M Ambani, Chairman of Reliance Jio Infocomm, said the company is set to lead India's march into the 5G era and added "we will celebrate 'Azadi ka Amrit Mahotsav' with a pan India 5G rollout".
5G bidding: According to Telecom Minister Ashwini Vaishnaw, the Adani group bought 400 MHz, or less than one per cent of all spectrum sold, for Rs 212 crore.
The 30-share BSE Sensex climbed 545.25 points or 0.95 per cent to finish at 58,115.50. The benchmark closed above the 58,000 level for the first time after April 13 this year.
The rate hike comes ahead of the RBI's Monetary Policy Committee (MPC) meeting later this week. It is widely expected that the MPC would hike interest rates to tame high inflation.
Auguste-Tanoa-Kouame most recently served as the World Bank's Country Director for Turkey where he led the expansion of the bank's country programme and deepened its support to Ankara's climate agenda.
Business news: The collections in July this year is the second highest since the introduction of GST in July 2017, the ministry said in a statement.
Since April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid off across the world and over 13 per cent are from India.
The July PMI data pointed to an improvement in overall operating conditions for the 13th straight month.
The BSE barometer had jumped 712.46 points or 1.25 percent to settle at 57,570.25. The Nifty had advanced 228.65 points or 1.35 percent to 17,158.25.
LPG price revision: With this latest reduction, a 19 kg commercial LPG cylinder will cost Rs 1,976, instead of Rs 2012.50 in Delhi. In Kolkata, instead of Rs 2132, commercial LPG will be available for Rs 2,095.50.
5G spectrum auction day 6: Seven new rounds of bidding held on the sixth day of auction on Sunday 'dialled in' an incremental Rs 163 crore, propelling the cumulative spectrum sale beyond the Rs 1.50 lakh crore-mark.
The Reserve Bank's rate-setting panel -- Monetary Policy Committee -- will meet on August 3 for three days to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
This is the first quarterly loss in over two years. The company had reported a net loss in January-March 2020, but that was on account of inventory losses on processing costlier crude.
Income Tax return filing deadline: The department issued a public message through its official Twitter handle asking taxpayers, largely individuals and salaried class, to file their returns within the due date of July 31.
The reserve price fixed for the spectrum is a fair number and the same is visible from the auction outcome.
HDFC hikes lending rate: This is the fifth hike effected by HDFC in two months. In all, the rate has increased by 115 basis points since May this year.
The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling CPI-IW every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country.
Income Tax Return deadline: Not just a late fee, but the missing deadline will also have some other financial consequences. Apart from the late fee charges missing deadlines have several other implications. If you miss the deadline you will be required to pay interest on the late payment of taxes.
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