Ratan Tata became chairman of Tata Industries a decade later and in 1991 took over as the chairman of the Tata Group from his uncle, JRD, who had been in charge for more than half a century. Under his stewardship, the conglomerate embarked on a massive expansion drive.
ITR Filing 2024: Today is the deadline for ITR filing. Taxpayers who have filed their returns and are due a refund can expect processing to take 15 to 45 days after e-verification. Refund status can be checked online using a PAN card on the Income Tax e-filing portal.
The BSE Sensex and NSE Nifty reached new record highs on Monday, with the Sensex closing at 80,665 points and the Nifty finishing at 24,587 points. Key sectoral gains and strong performances by individual stocks drove the indices upward.
Benchmark indices Sensex and Nifty closed slightly lower on Thursday due to profit-taking in heavyweight stocks ahead of the announcement of key financial results for the June quarter. The indices saw a rangebound session, with both experiencing early highs before retreating.
The Sensex and Nifty rebounded dramatically on Monday, spurred by buying in HDFC Bank, ICICI Bank, and Tata Consultancy Services. The BSE Sensex closed higher by 111.66 points, or 0.15%, at 72,776.13 after hitting a low of 71,866.01 during the day.
The sudden downturn in equity markets has raised concerns among investors, who are closely monitoring the situation for further developments and their potential impact on market stability.
TCS is set to implement salary hikes for its employees, with Indian staff expecting a 7-8% increase and international workers anticipating a 2-4% raise. Exceptional performers may see a rise of 12–15%.
Interestingly, if the employee leaves the job within six months the amount becomes recoverable. The move is a testament to the company's urgent need to hire senior-level employees.
State Bank of India (SBI) has climbed the ranks to become India's fifth most valuable firm, overtaking Infosys in market capitalisation. With its shares rising by 1.51 per cent and hitting a 52-week high during trading, SBI's market capitalisation reached Rs 6,88,578.43 crore.
Reliance Group holds the second position at Rs 21.60 lakh crore, followed by the Adani Group in third place with a total market value of Rs 15.54 lakh crore.
Madhya Pradesh: M S Solanki, the Indore divisional forest officer, confirmed the initiation of a search and rescue mission in response to the leopard sighting in the vicinity of the IT company campuses. The ongoing operation aims to safely relocate the leopard from the area.
The Sensex rallied by 847.27 points to end the session at a record high of 72,568.45, while the Nifty rose by 247.35 points to an all-time high of 21,894.55.
The stock rose by 4.21 per cent to Rs 3,893.70 on the BSE and 4.24 per cent to Rs 3,894 per share on the NSE. The company's revenue rose by 4 per cent to Rs 60,583 crore, with strong double-digit growth in emerging markets for the third quarter.
In Asian markets, Seoul, Tokyo, and Hong Kong experienced positive trends, while Shanghai traded lower. Meanwhile, the US markets closed in the green on Tuesday.
Foreign Institutional Investors (FIIs) were noted to offload equities worth Rs 306.56 crore on Wednesday, according to exchange data.
In the broader markets, the BSE Midcap index saw a modest rise of 0.10%, while the BSE Smallcap index experienced a slight decline of 0.01%.
Tata Consultancy Services (TCS) has taken action against 16 employees involved in a bribes-for-jobs scam by terminating their employment. Additionally, the company has removed three employees from their positions in the resource management function.
Leading Asian indices experienced notable gains, with Japan and South Korea posting increases of at least 0.8%. These positive moves have set MSCI's Asian equity index on a path toward its sixth consecutive day of gains.
The company's operating profit during the reporting quarter grew 9.1 percent to Rs 14,483 crore while operating margins widened by 25 bps to 24.3 percent.
The amendment reverses a May 16 notification by the ministry which omitted Rule 7 from FEM (CAT) Rules, thereby effectively including forex spend through ICCs under LRS.
Top News
Latest News
