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Livemint, Ranjit Babu, Director of Wireless and Home Entertainment at Amazon India, shared insights into the evolving landscape of consumer electronics, how smartphone penetration is rapidly increasing in tier 2 and tier 3 cities, upcoming offers for Prime Day 2024, and much more.Here are the edited excerpts:Amazon has observed a notable shift in consumer behaviour towards premium and ultra-premium products. In the television segment, 4K TVs now dominate the market, with nearly two-thirds of Amazon's TV sales coming from this category.

Atishi on Friday demanded Rs 10,000 crore from the Centre for infrastructure development, claiming the city government got nothing in return over the past year despite its income tax contribution of Rs 2 lakh crore. Delhi also provided Rs 25,000 crore as central GST to the pool of taxes, the minister said during a press conference here. Ahead of the presentation of the Centre's annual budget, Atishi batted for release of more money to Delhi, saying it could be spent on infrastructure development in road, transport and power sectors as well as to beautify the city. Asserting that people of Delhi are the highest income tax payers, the minister said, «Delhi should get Rs 10,000 crore from the Rs 2.07 lakh crores that people of the city pay as income tax. This amount of Rs 10,000 crore is just 0.25 per cent of the Central government's budget and only 5 per cent of the income tax of Delhiites.»

IT cities like Hyderabad, Pune, and Delhi-NCR due to more investor-friendly employment policies, reported TOI. Telangana might become the state that benefits the most as it offers incentive-based employer policies, while Hyderabad has been in tough competition with India's start-up capital, Bengaluru. The Siddaramaiah-led Congress government’s new reservation demands for locals in Karnataka might lead to flight risks by several investors currently based in India’s Silicon Valley. “All the GCC movement is in Bengaluru and Hyderabad. Future growth will start moving to competing cities like Hyderabad and even Pune and Delhi NCR,” said a top executive official of a global financial services giant to TOI. Moreover, though HYSEA president Prashant Nandella told TOI it is still too early to speculate, he believes such a policy might benefit pro-industry states such as Telangana. In addition, former CII Telangana Vagish Dixit told TOI that investors have a choice to move and might fly to other states as a result of such counterproductive policies.

Ashok Gehlot on Friday hit out at the BJP, saying the politics of religious frenzy will not be accepted in the country. His comments were apparently in the wake of the BJP losing the Uttarakhand bypolls. «BJP has always been doing politics of religion, but misleading the public and spreading hatred in the name of God is not religion but adharma,» Gehlot said on X. «In the last 10 years, the BJP has done the work of increasing religious frenzy in the country in a very planned manner. But the fact is that in the recently held Lok Sabha elections and assembly elections, the BJP has lost in most of the religious cities like Ayodhya, Chitrakoot, Sitapur, Shivganga, Prayagraj, Nashik, Ramtek, Badrinath, Shravasti, Manglore (District- Haridwar),» he said.

income tax bracket, there is hardly any scope for you to save a higher amount as income tax in the new tax regime. However, the old income tax regime still allows you to claim more deductions to bring down your net taxable income and pay much lower income tax. Among these, the deductions on home loan interest and house rent allowance (HRA) are the two prominent avenues to save taxes. However, very few salaried taxpayers claim both these deductions together despite being eligible to do so. We tell you how to claim both these deductions together and save a significant amount of income tax. Here is how these two deductions work:

Union Budget 2024: India, under PM Narendra Modi’s tenure, has seen a steady increase in healthcare allocation and spending. Even before the Covid-19 pandemic shut down the world, the government had highlighted healthcare as a priority sector. The allocation for health in the recently presented Interim Budget for 2024-25 was especially crucial as India approached the 2025 deadline set by the National Health Policy (NHP) 2017 to increase health expenditure to 2.5% of GDP.

fiscal deficit target to 5.0% for FY25 from 5.1% in the interim Budget thus reinforcing the inclination to stick to fiscal consolidation; ii) make higher transfers to states for capex spend iii) increase transfer under PM KISAN from Rs.6,000 p.a. to Rs.7,500 p.a. iv) provide incentive to income tax payers to shift to the new tax regime by providing higher standard and other deductions/higher exemption limit/changes in tax slabs. Measures to bring down the interest rates in the system could trigger higher business activity, new capex announcements, reduce the interest outgo for businesses and expand valuation of stocks. For this, sticking to the fiscal consolidation path and desisting the tendency to turn populist will be appreciated. The government is likely to avoid being populist through handouts and could stick to the path of fiscal prudence although it may make extra efforts to win over a larger population of rural and urban poor by incurring targeted social welfare spending.

Investigation (CBI) is questioning a first-year MBBS student from the 2023 batch of RIMS in connection with the NEET-UG paper leak case, an official said on Friday. The student, who stays at the girls' hostel of Rajendra Institute of Medical Sciences (RIMS), formerly known as Rajendra Medical College and Hospital (RMCH), an autonomous institute under the Jharkhand government, was approached by the CBI earlier this week for questioning. «The CBI team is questioning a first-year student. The team contacted the hospital management on Wednesday saying they wanted to question her in connection with the NEET paper leak. The management extended full cooperation to the team. On Thursday too, they grilled her and said she will be questioned further,» RIMS PRO Rajiv Ranjan told PTI. The official said parents of the student had contacted the management and were briefed about the situation.

Delhi Finance Minister Atishi on Friday demanded Rs 10,000 crore from the Centre for infrastructure development, claiming the city government got nothing in return over the past year despite its income tax contribution of Rs 2 lakh crore. Delhi also provided Rs 25,000 crore as central GST to the pool of taxes, the minister said during a press conference here.

No, it is not a bank holiday on July 20, 2024, as it is the third Saturday of the month, and this will be the last working Saturday ahead of July 31 Income Tax Return deadline. The next Saturday, July 27, banks will be closed as it is the fourth Saturday of the month. If you have not yet filed your income tax return, it's important to ensure that your banking tasks are completed this Saturday. In the event that your net banking or other online payment methods are not working, you can still pay your taxes in person or through RTGS / NEFT at your bank's physical location as these services should be operational on that day. Additionally, you may need to visit the bank to obtain documents such as interest certificates and Form 16A. <div data-placement=«Mid Article Thumbnails» data-t

Infosys. UBS has issued a sell call on Dalmia Bharat. Jefferies maintained a hold call on Havells while increasing its target price. Additionally, Citi has issued a buy call on ONGC with an increased target price. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Israeli military is checking whether an explosion in central Tel Aviv in the early hours of Friday was caused by a drone attack, the army said. Police said the body of a man was found in an apartment close to the explosion and said the circumstances were being investigated. «Earlier tonight (Friday), an explosion sounded in the area of central Tel Aviv. We are looking into the reports that it was an aerial target. The incident is under review,» the military said in a brief statement.

Mint. Nykaa owns over 27 brands across skincare, cosmetics, and fashion, including Nykaa Cosmetics, Nykd by Nykaa, and Pipa Bella. Purplle, which recently raised ₹1,000 crore from Abu Dhabi Investment Authority and other investors, runs brands like Carmesi, Good Vibes, NY Bae, and Faces Canada.

Atlantis, yet conversations concerning sunken cities are usually dominated by the fabled Atlantis. As per the reports of MSN, Geologist Folkion Negris discovered this city, known as Pavlopetri, off the coast of Greece in 1904. It is estimated to be approximately 5,000 years old. Even though Pavlopetri was found early, it was not thoroughly investigated until 1967. The site was discovered that year under the direction of Nicholas Flemming from the University of Southampton's Institute of Oceanography. Flemming and his colleagues, accompanied by University of Cambridge archaeologists, surveyed the underwater metropolis for six weeks.

Bitcoin skeptic Senator Bob Menendez (D-NJ) says he has not stepped down following his bribery scheme convocation earlier this week after Senate Democrats of the longstanding U.S. lawmaker, including Senate Majority Leader Chuck Schumer, called for his resignation.

South African President Cyril Ramaphosa has opened a new parliamentary term

Benjamin Netanyahu made a surprise visit to troops in southern Gaza on Thursday, his office said, just days before he was set to give a speech to the US Congress. Netanyahu's visit to the southern city of Rafah was announced hours after Israel's far-right national security minister, Itamar Ben-Gvir, visited Jerusalem's most sensitive holy site. Ben Gvir's move could disrupt sensitive talks aimed at reaching a cease-fire in the 9-month-old Israel-Hamas war. Ben-Gvir, an ultranationalist settler leader, said he went up to the flashpoint site to pray for the return of Israeli hostages «but without a reckless deal, without surrendering.» Israeli negotiators landed in Cairo on Wednesday to keep working on the talks. Tensions over the compound have fuelled past rounds of violence. The Palestinian Foreign Ministry condemned Ben-Gvir's visit as a «provocative intrusion» that endangered the fragile status quo regarding the Jerusalem compound, which is revered by Jews as the Temple Mount and by Muslims as Haram al-Sharif, a holy site and important national symbol.

Puja Khedkar came in the eye of a storm over the authenticity of her disability and OBC status claims that got her appointed to the civil services after she sparked a controversy with her demands for a separate cabin and staff during her posting in Pune. Puja is also accused of using a private luxury car with a VIP number plate and red-blue beacon, during her tenure at the Pune collector's office. However, heightened media scrutiny of her case also brought out damning information about her parents, a retired state government employee Dilip Khedkar and Manorama Khedkar. Both of them absconded following the filing of an FIR against them for allegedly threatening a farmer. Now Manorama Khedkar has been arrested. Gun-toting mother of IAS officer Puja Khedkar The Pune Rural police early on Thursday arrested Manorama Khedkar, mother of IAS trainee officer Puja Khedkar, from a lodge at Mahad in Raigad district in a case of rioting, threatening and Arms Act violation case.

Masks are creating controversy for businesses again, but this time for a different reason. Early in the pandemic, retailers faced backlash for mandating face coverings. Now some store owners are demanding customers drop their masks.

FIFA World Cup is just two years away but fans are already feeling the excitement around it after an intense month of Euro Cup and Copa America action, that saw some of the leading footballing nations participate in these championships. Euro Cup was won by Spain this year after the beat England and dashed The Three Lions' hopes of winning a major international trophy in decades.

Maharashtra's Marathwada region for availing benefits under the state government's flagship welfare scheme for underprivileged women 'Ladki Bahin', a senior official said on Thursday. Under the Mukhya Mantri Majhi Ladki Bahin Yojana — announced in the state budget last month — married, divorced, and destitute women aged 21-60 will receive Rs 1,500 per month, with the annual family income of beneficiaries capped at Rs 2.5 lakh. In eight districts of Marathwada in central Maharashtra, 9,27,280 women have applied for the scheme so far (till July 18), said the official from the divisional commissioner's office in a statement.