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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