As the deadline for filing ITR, 31 July 2024, approaches, several significant financial deadlines and regulatory changes are set to take effect. Here are some crucial last dates to remember. Key Deadlines: July 1, 2024: Changes to SBI Card credit card rules and ICICI Bank credit card charges become effective. July 15, 2024: Completion of … Read more
Shares of Nike Inc. lost $27 billion in market value, falling the most in 13 years due to growing criticism of a continued sales slowdown. The shares plunged 20 per cent on Friday’s trading session at 11:57 a.m. This was Nike’s biggest fall since 2001. The shoemaker’s stock has declined 17 per cent over the … Read more
The Central government has amended the Employees Pension Scheme (EPS), 1995 giving withdrawal benefits for employees with less than six months of service. According to a government statement on Friday, the amendment is believed to benefit more than 7 lakh EPS members who leave the scheme with less than six months of contributory service. The … Read more
OpenAI recently announced the development of a new AI model named CriticGPT, designed to identify and rectify mistakes in code generated by GPT-4. Detailed in a blog post on Thursday, the AI company explained that CriticGPT leverages the reinforcement learning from human feedback (RLHF) framework, a technique that combines machine output with human input to … Read more
Nirmala Sitharaman, in her second successive term as India’s finance minister, will present the federal budget for 2024-25 next month. Foreign institutional investors, or FIIs, have turnedbullish ahead of the budget not just in the cash segment of Indian equities but also on the derivatives segment. The Lok Sabha election results earlier this month returned … Read more
The Indian Income Tax Department provides various income tax return (ITR) forms tailored to different taxpayer scenarios. Selecting the appropriate form ensures precise and streamlined reporting of your income. The Central Board of Direct Taxes (CBDT) released seven ITR forms for FY 2023-24 (AY 2024-25). The determination of which ITR form to use depends on … Read more
In a groundbreaking announcement, Bhavish Aggarwal, the CEO of Ola Electric, revealed the launch of Krutrim AI Cloud’s new GPU on-demand service via his Twitter account. Unlike traditional services, Krutrim AI Cloud will be priced in Indian Rupees, making it more accessible to developers across India. Aggarwal’s tweet read: “Excited to announce @Krutrim AI Cloud … Read more
As Union Finance Minister Nirmala Sitharaman is all set to table the Budget 2024-25 in the third week of July, India’s real estate sector hopes for a series of reforms and incentives that can drive growth and address longstanding challenges. Expectations range from increased rebates on home loan interest rates, GST rate reductions, single-window clearance … Read more
To boost participation of small investors in the securities market, Sebi on Friday increased the threshold for the basic service demat account to ₹10 lakh from the current ₹2 lakh. The new guidelines will come into force from September 1, the Securities and Exchange Board of India (Sebi) said in a circular. Increasing the limit … Read more
HDFC Bank will implement revised credit card terms effective August 1st, 2024, aligning them closely with industry standards observed by other banks. The revised credit card terms include: HDFC Bank will introduce a new fee structure for credit card rent payments made through third-party apps such as CRED, Paytm, Cheq, MobiKwik, Freecharge, and others. The … Read more