Record News

Paris is planning on allowing swimming in the River Seine, following a massive, years-long cleanup effort as it gears up for the 2024 Olympic Games. Paris had banned swimming in Seine in 1923 due to excessive water pollution. Locals will be allowed to swim in three separate parts of the river — Bras Marie, Bras de Grenelle and Bercy. It will opened for them from 2025. On July 26, 2024, the opening ceremony of the Olympics will take place on the Seine, instead of the traditional stadium venue of past games. Three Olympic and Paralympic events — triathlon, marathon swimming and Para-triathlon is also scheduled to take place in the Seine. “At the Paris 2024 Games, the athletes will inaugurate swimming in the river with the Olympic events. A revival that will pave the way for aquatic leisure,” reads a statement from Paris city hall published July 10. The city hall also revealed that the bathing zones will be easily accessible, with pontoons and facilities on the quaysides for swimmers to change, shower, and keep their belongings secure.

New Delhi: Heavy showers in the southern states over the past few days have helped the region record 9% above relevant long-period average (LPA) rainfall, reversing an 8% deficit seen a week ago. According to the India Meteorological Department, Telangana received 212% above rainfall in the week ended Wednesday, while Andhra Pradesh and Yanam saw 144% above normal rain. North and south Karnataka recorded surplus rainfall of 247% and 165% respectively.

Income Tax Return Filing for AY 2023-24 Latest Updates on July 28: With just four days before the July 31 deadline, there is no point in waiting for an extension of the due date. A record number of taxpayers have already filed their returns for AY 2023-24 (FY 2022-23) and the Government has also clarified in recent weeks that it is not contemplating any extension of the due date, i.e. July 31 for taxpayers whose accounts don’t need to be audited.

Systematic investment plans, or SIPs, have gained prominence over time, with investors largely reposing faith in the instrument, which, experts say, allows investors to consistently pool in small sums of money without much time and effort, making it an ideal long-term ‘wealth creation’ tool.

Nifty ended lower on Friday (July 28), extending losses into the second consecutive session, amid weak global cues. “Global shares paused for breath on Friday as investors digested monetary policy steps from Japan and inflation data on both sides of the Atlantic in the hope of more evidence to persuade central banks to end their rate hiking cycle," reported Reuters. As per media reports, the Bank of Japan has changed its approach to managing interest rates.

As non-banking financial companies (NBFCs) are offering higher interest rates on fixed deposits than banks, individuals, especially senior citizens, can lock in for a longer tenure. However, they must keep in mind that these deposits, unlike banks, are not insured under Deposit Insurance and Credit Guarantee Corporation and carry a higher risk compared to bank deposits.

Income Tax Refund News: Income Tax Refund processing time has become fast. But how fast? While taxpayers, who filed their returns for AY 2023-24 had to wait for a few weeks for the processing of refunds, many return filers in July received their refunds within a few days. On Thursday, a taxpayer on social media claimed he received his tax refund within 12 hours.

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India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022/23 loss number of SoftBank-backed Ola Electric, which is preparing for an up to $700 million IPO, has not previously been reported or filed with Indian authorities, which allows time until September to file previous year's earnings. Ola declined to comment.

Arrotex Pharmaceuticals, the country’s largest generic drug supplier, has recorded a near 50 per cent rise in profits in the year to the end of March as the supply of rapid antigen tests to New Zealand pushed up earnings.

Meghan Markle, has experienced a significant resurgence in popularity since its conclusion in 2019. According to recent Nielsen streaming ratings for the period of June 26 to July 2, 'Suits' took the top spot, accumulating a staggering 3.14 billion minutes of viewing time, leaving 'The Witcher' in second place with 1.31 billion minutes viewed.

India's market regulator, seeking to reduce risks for retail investors, will propose linking the amount of equity derivatives they may trade to their wealth, two people with direct knowledge of the matter said. With Indian share prices near record highs, drawing increased retail investor interest, the regulator is concerned smaller players could suffer losses on derivatives if markets turn volatile. Retail investor participation in the equity derivatives market jumped 500% in the three years through March, according to data from the Securities and Exchange Board of India (SEBI).

Stock market today: Despite weak stock market sentiments, capital goods shares have managed to deliver strong upside movement in last few sessions. BSE Capital Goods Index has been in continuous upside trend and Indian stock market experts are expecting further upside in the index. They said that after the strong L&T results for Q1FY24, market mood has gone upbeat on the segment as Dalal Street observers believe that capital goods companies are sitting on record order book and this would help them improve their Capex in upcoming quarters as well.

chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy. All the major markets for chips — smartphones, PCs and data centres — have shrunk this year, as both corporate customers and consumers scale back spending amid a weak global economy, high inflation and rising interest rates.

Rocky Aur Rani Kii Prem Kahaani has been released on July 28. It marks the return of Karan Johar, the director, in the 25th year of his career. The movie stars Alia Bhatt and Ranveer Singh, who were last seen in the blockbuster movie, Gully Boys.

Meta CEO Mark Zuckerberg unveiled the latest update for WhatsApp. He demonstrated the feature through a short video, illustrating how users can utilize it seamlessly. Similar to the process of recording real-time voice messages, the feature will incorporate a video recorder icon located next to the text box.

Small-cap stock below ₹5: Shares of Earum Pharmaceuticals will be in focus of stock market investors are the board of directors of the company is going to consider and approve bonus shares in its meeting scheduled today. As per the exchange communication of the micro-cap company, the company board will consider and approve issuance of bonus shares while deciding the time, date and venue for the next AGM (Annual General Meeting) of the company.

Senate has passed a massive annual defense bill that would deliver a 5.2% pay raise for service members and keep the nation's military operating, avoiding partisan policy battles with an overwhelmingly bipartisan vote. Senate passage, 86-11, sets up a clash with the House, which passed its own version of the annual defense bill along party lines earlier this month after pointed debates over social issues like abortion access and diversity initiatives. The sharply partisan arguments over the House legislation veered from a bipartisan tradition of finding consensus on national defense policy.

«Now in terms of what is going on here is that I think the market is a little puzzled by what the Fed said,» says Geoff Dennis, Emerging Markets Commentator.What we are seeing in the US markets is a stellar run. What is your assumption that what is actually fuelling this rally because we have seen Fed taking a rate hike but no stopping there. So going ahead what are the targets and what kind of a run up probably you are looking at?What is interesting is people do not focus so much on the Dow Jones Industrial Average anymore because of course it is a narrow index with just 30 stocks in it.

Mark Herman, a dog walker and recreational drug enthusiast in upper Manhattan, New York, came into possession of a dog, a painting and a story. The dog was Phillipe, a 17-year-old toy poodle that belonged to Herman's only client, an 87-year-old retired law professor named Isidore Silver. The painting, which belonged to Silver, may be a lost work by artist Chuck Close, whose canvases once sold for as much as $4.8 million.