Saturday bank holiday: Are banks open or closed this Saturday, October 19?
Posted in Finance

Saturday bank holiday: Are banks open or closed this Saturday, October 19?

Bank holidays vary by state, except for national holidays. In addition, banks are closed on Sundays, the second Saturday, and the fourth Sunday, in accordance…

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Hyundai IPO allotment: Investors can check Hyundai IPO allotment status online through KFin Technologies or the BSE website by entering details like PAN and application number.(Reuters)
Posted in Business

Hyundai IPO to be allotted today: Here’s how to check status online

Oct 18, 2024 10:19 AM IST Hyundai IPO allotment: Share allotment for Hyundai Motor India IPO is expected on October 18, with shares listing on…

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Gold silver image
Posted in Business

Gold Rate Today 18-10-2024: Check latest prices in your city

Gold and silver rates today: Gold rate increased on Friday. The rate of 24 carat gold is ₹7829.3 per gm, up by ₹220.0. The rate…

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China's economy grew 4.6% in the July-September quarter, slower than expected. Key sectors like real estate are faltering, prompting policymakers to implement measures, but major stimulus plans are still lacking.
Posted in Business

China’s economy grows at 4.6% rate, falls short of the official 5% target

Oct 18, 2024 10:08 AM IST China’s economy grew 4.6% in Q3, below the expected 5% target for 2024. The property sector remains weak and…

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Gold prices increased as retail sales and jobless claims exceeded expectations, reinforcing the economy's strength and overshadowing typical pressures from higher interest rates.
Posted in Business

Gold at record high as Middle east tensions spark haven demand

Oct 18, 2024 09:02 AM IST Gold hit a record $2,698.50 as investors sought safety due to escalating Middle East conflicts, despite mixed US economic…

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New CBDT guidelines streamline the compounding process under the Income-tax Act, easing accessibility for taxpayers. They eliminate offence categorization and allow unlimited applications, while also reducing compounding charges and abolishing interest on delayed payments.(Pexels)
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Relief against income tax offences as charges for TDS default reduced: Details

The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process…

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The EU warns that fines against X could include revenue from Elon Musk's other businesses, heightening penalties for rule violations. Investigations are underway under the Digital Services Act, with a final decision on fines to be made by Margrethe Vestager.(AFP)
Posted in Business

Elon Musk warned by EU over possible X fines

The European Union has warned X that it may calculate fines against the social-media platform by including revenue from Elon Musk’s other businesses, including Space…

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Infosys Ltd. increased its sales forecast to 3.75%-4.5% growth for the fiscal year, citing strong performance and rising client demand for software services. The positive outlook may signal a broader revival in tech spending for IT companies globally.(Reuters)
Posted in Business

Revival in tech spending? Infosys ups sales forecast for the 2nd time this year

Oct 18, 2024 08:11 AM IST Infosys raised its annual sales forecast, projecting a revenue increase of 3.75% to 4.5% for the fiscal year through…

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Latest news on October 18, 2024: Ashneer Grover, the co-founder and former managing director of BharatPe has now withdrawn his plea from the National Company Law Tribunal (NCLT), in which he had alleged oppressive conduct and mismanagement by the firm's board
Posted in Business

Business News LIVE Updates Today October 18, 2024: Ashneer Grover withdraws oppression, mismanagement plea against BharatPe board after settlement: Report

Business News LIVE Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more. Latest news on October…

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Warren Buffett sold more shares of Bank of America, lowering Berkshire Hathaway's stake to 9.97%. The sale, which brought in $370 million, followed the bank's $3.5 billion stock repurchase. Despite the sell-off, Berkshire remains the largest shareholder with a stake valued at $32.6 billion.(AP)
Posted in Business

Warren Buffett sells more Bank of America stock, reaps $370 million

Oct 18, 2024 08:03 AM IST Warren Buffett sold more Bank of America stock, reducing Berkshire Hathaway’s stake to 9.97%. This sale generated $370 million….

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