6 November 2024 News and Updates

6th November 2K24

📝 Govt estimates record 119.93 mt rice output for year 2024-25 Kharif season

📝 JNPA records nearly 12% rise in Oct container traffic to 614,651 TEUs

📝 Shreyas Srinivasan quits as Paytm's CPO after Zomato's Insider acquisition

📝 Airtel pushes DoT for non-discriminatory waiver in telecom sector reforms

📝 Maruti Suzuki-backed Bharat Seats to issue bonus shares for shareholders

📝 Thomson Reuters Q3 revenue rises 8% to $1.72 billion, beats expectation

📝 Apollo's Q3 profit increases 12% on gains from retirement business

📝 IBBI proposes mediation mechanism for operational creditors in IBC

📝 S Korea fines Meta $15 mn for illegally collecting info from Facebook users

📝 4.8 million weddings this year to generate over Rs 6 trillion: Cait

📝 Govt starts Phase-II of subsidised wheat flour, rice sale under 'Bharat'

📝 Iron ore climbs to over 2 week high on prospects of more China stimulus

📝 IndiGo co-founder Rakesh Gangwal becomes chairman of Southwest Airlines

📝 India, Kazakhstan to set up a JV in critical minerals sector

📝 Bajaj Finserv Mutual Fund files draft with Sebi for ELSS fund

📝 IHCL acquires majority shareholding in operating company of Tree of Life

📝 Aptus Value Housing Finance Q2 Results: Profit rises 22% to Rs 182 crore; dividend declared

📝 Marut Drones raises $6.2 million from Lok Capital

📝 QubeHealth raises pre-series A funding from UIV, CanBank

📝 NBCC secures Rs 500 crore contract from BIS

📝 Venus Remedies gets GMP approval for pre-filled syringe facility

📝 Fidelity marks up Lenskart valuation by 12% to $5.6 billion

📝 IL&FS seeks legal advice to recover excess remuneration paid to directors

📝 Power trading volumes in short-term market rise 12% in FY24

📝 JSW Steel and Korean steel-maker eye $7.7 billion investment in Odisha plant

📝 Muthoottu Mini Financiers launches NCD issue to raise ₹150 crore

📝 NMDC board to consider bonus issue for first time in 16 years on November 11

📝 Sebi’s move to curb option volumes to have substantial impact, says NSE chief

📝 Around ₹7,000-crore worth ₹2,000 banknotes yet to be returned to RBI

📝 MSCI review: Voltas, BSE, Adani Energy, among six stocks likely inclusions

📝 JK Cement cut volume growth guidance, but a timely expansion makes up for it

📝 Apollo Green Energy plans ₹1,500 cr capex to capitalize on India’s green push

📝 CastNX Secures ₹23.22 Cr Investment to Drive Power Electronics Innovation

📝 Ranjan Pai’s Claypond backs Easy Home Finance in $35 million funding round

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✅ GST Form DRC-03A is now live on GST Portal It can be used for adjustment / offset liability against payment made in DRC-03

✅ GSTIN Advisory: Time Limit for Reporting e-Invoice on the IRP Portal– Lowering of Threshold to AATO 10 Crores and Above w.e.f 01/04/2025

https://www.gst.gov.in/newsandupdates/read/543

✅ CBIC issues Guidelines for conduct of Personal Hearing in Virtual Mode , dated 05/11/2024, Mandatory allowing virtual hearing to assessee asking for it

✅ 07.11.2024 : Due date for Payment of TDS and TCS of October 2024

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- NFRA Board Meeting: The National Financial Reporting Authority (NFRA) board is set to meet next week to discuss the adoption of new audit rules, including changes to ISA 600, based on member feedback ¹.

- RBI Deputy Governor Applications: The government has invited applications for the position of RBI Deputy Governor, with no mandatory requirement for an economics degree or experience, despite overseeing monetary policy 

- Income Tax Act Review: The income tax department has received 6,500 suggestions from stakeholders on the review of the Income Tax Act, gathered over the past month.

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5 November 2024 News

5th November 2K24

📝 Revenue dept forms 22 sub-committees to review I-T act

📝 NTPC, ONGC join forces to work in new and renewable energy space

📝 Akasa Air FY24 revenue soars 339%, losses up over two-fold

📝 Bata India Q2 Results: Profit shoots up 53% to Rs 52 crore

📝 IRCTC Q2 Results: PAT rises 4% YoY to Rs 308 cr; co declares dividend of Rs 4/share

📝 Lulu Retail increases IPO size to 30% as it seeks to raise up to $1.72 bln

📝 ACME Solar aims to garner Rs 2,900-cr via IPO; fixes price band at Rs 275-289/share

📝 Government calls applications for RBI Deputy Governor position

📝 Wealth fund INA and VC firm Granite plan to invest $1.2 billion in Indonesia tech

📝 Maruti Suzuki eyes two-fold jump in exports after historic high in October

📝 JK Paper Q2 results: Net down 57.84% at Rs 128.85 cr on higher expenses

📝 Swiggy eyes 100 mn users, each ordering 15 times a month: CEO Majety

📝 Capital markets' boom drives NSE Q2FY25 PAT up 57% at Rs 3.14K crore

📝 Bharti Telecom raises Rs 11,150 crore via bonds to fuel investment goals

📝 JC Flowers seeks bids to sell Rs 2,613 crore of loans through Swiss auction

📝 FinMin seeks comments from sponsor banks on proposed RRB amalgamation

📝 Strong demand revives manufacturing PMI to 57.5 in October after 8-mth low

📝 Incremental CD ratio moderates to 77.7%, lowest in nearly 30 months

📝 Sebi allows MFs to invest in overseas schemes with India exposure

📝 Exide Industries Q2 result: PAT falls 13.66% to Rs 233.4 cr on higher costs

📝 Sundaram Finance Q2 profit slips 7 per cent to Rs 340 crore

📝 Rupee hits new record low amid FPI outflows

📝 Welspun Corp bags 2 orders for supply of coated HSAW pipes in US

📝 Adani Ports records 37.9 MMT cargo volume in October, says on track to achieve guided yearly volume

📝 Nirmala Sitharaman reviews Income Tax Act 1961

📝 Sagility India raises nearly ₹945.4 crore via anchor investors ahead of IPO

📝 Thailand extends visa-free entry for Indian tourists

📝 IRFC Q2 Results: Net profit rises 4% YoY to ₹1,613 crore, revenue up 2%

📝 RIL preparing for Jio IPO next year, retail business to go public much later

📝 India to undertake mega covid-19 study to help prepare for future pandemics

📝 SBI Mutual Fund average AUM surges to record ₹11 lakh crore in Q2.

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4 November 2024 News and Updates

4th November 2K24

📝 Reliance Consumer targets chips, biscuits market with higher trade margins

📝 41% workers on contract in formal manufacturing sector in FY23: ASI data

📝 India's EV market sees festive season boost, reversing recent slump

📝 Banks, FIMMDA discuss MIBOR replacement with collateralised rate framework

📝 18 companies in Nifty-50 miss estimates in September quarter, shows data

📝 India boosts global share in petroleum, gemstone, sugar exports over 5 yrs

📝 Opec+ agrees to delay planned December output increase for one month

📝 Punjab paddy procurement crosses 8.5 MT, Centre says ops in full swing

📝 Anarock FY25 revenue may rise 40% on strong housing demand: Chairman Puri

📝 Construction of 12 river bridges completed for Gujarat bullet train project

📝 GX group aims for 60% reusable materials in products within two years: CEO

📝 Sebi proposes interest rate derivatives for hedging by REITs and InvITs

📝 India's progress on fossil fuel subsidy reform noteworthy, says ADB

📝 Coal India hopes to rejoin dividend list as ECL improves performance

📝 Ujjivan Small Finance Bank to apply for universal licence this fiscal: MD Sanjeev Nautiyal

📝 VW cost cutting necessary after 'decades of structural problems', CEO tells paper

📝 Govt infuses Rs 1,650 cr in RINL to keep it as a going concern

📝 Karur Vysya Bank strengthens retail footprint in Tamil Nadu and Karnataka

📝 Canara Bank aims Rs 6,000 cr recovery in H2 FY25

📝 Apollo Hospitals announces Rs 1,625 crore expansion in Mumbai and Lucknow

📝 Iron ore output up 5.5% at 135 MT in 1st half of FY25

📝 Suven, Cohance aim to double combined business revenue to Rs 6,000 cr by FY29

📝 Federal Bank acquires five floors office space in Mumbai’s Wadala from Varde Partners

📝 Telangana govt to come up with new energy policy soon, says Deputy Chief Minister

📝 Netflix India sees double-digit growth in revenue, profit for FY24

📝 FMCG firms caution price hike as input costs and food inflation rise

📝 US Fed set to cut rates for second time as it faces hazy post-election outlook

📝 DLF to develop ultra-luxury housing project worth ₹8,000 crore in Gurugram 

📝 ONGC fails to get partner for Deen Dayal gas field for third time

📝 India may extend bid deadline for coal gasification scheme

📝 Maruti Suzuki expects festive momentum, wedding season to carry November sales

📝 India commits to protect 30% land, marine area to eliminate biodiversity loss

📝 Nvidia to replace Intel in Dow Jones Industrial Average

📝 FPIs dump ₹94,017 crore in Indian equities; outflow hit record-high in October

📝 Sundar Pichai shows confidence in firm's legal position on antitrust rulings

📝 China’s EV makers set sights on Latin America in global expansion

📝 Amazon India sees festive surge in luxury sales: Apple tablet sales up 10x

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✅ Income tax Case Law

Reopening of assessment u/s 147 - Gujrat High Court Set aside & quashed notice u/s 148, where case was re-opened on the ground wherein no addition was made on the issue of tax deducted at source and cash deposits

Mehsana Urban Co-op Bank Ltd. , dt 22/10/2024

✅ New Guidelines on Annuity Cancellation and Transfers in NPS

Circular No. PFRDA/2024/18/SUP-ASP/01 on October 24, 2024

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