Electronic Financial News

annual life certificate, or Jeevan Pramaan Patra, is required to be filed by November 30, 2022, for individuals receiving government pensions. A pensioner can submit their yearly life certificate in six different methods.

Federal Trade Commission won an administrative ruling against TurboTax tax software maker Intuit after the commission said the company misled consumers with deceptive advertisements pitching «free» tax filing products that millions of consumers were unable to use, the company said on Friday. Intuit said it will appeal the decision, saying it is «confident that when the matter ultimately returns to a neutral body Intuit will prevail, as it has previously in this matter». In April 2022, a US judge refused an FTC request to block Intuit from running ads for «free» tax filing products.

HDFC Bank, a debtholder of bankrupt Future Retail Ltd (FRL), has objected to a decision by the resolution professional (RP) to put to vote Space Mantra's offer for the asset, saying the "resolution plan suffers from gross illegalities". It said in a letter to verified lenders that there are procedural lapses in the resolution process and the RP had failed in his duty to maximise value for financial creditors. ET has seen the letter. Deloitte-backed RP Vijaykumar Iyer had invited lenders to start voting on Space Mantra's ₹550 crore resolution plan for FRL from August 31, as reported by ET on Thursday. HDFC Bank's August 29 letter said the RP did not provide critical information to the committee of creditors (CoC) to allow them to make an informed commercial decision on the resolution. The RP and HDFC Bank did not respond to ET's queries. FRL, once owned by Kishore Biyani, operated 1,308 retail stores under the Big Bazaar, Easyday and Foodhall names as per the FY21 annual report.

Neeraj Mittal the new telecom secretary and S Krishnan secretary at the ministry of electronics & information technology, among a spate of high-profile central appointments. Among other key appointments cleared by the Appointments Committee of the Cabinet and announced Friday, Arunish Chawla will take over as secretary at the Department of Pharmaceuticals after October. He is now an officer on special duty in the same department. Vumlunmang Vualnam, who is additional secretary, Department of Economic Affairs, has been elevated to the rank of secretary and appointed at the ministry of civil aviation.

Rajeev Chandrasekhar, Minister of State for Skill Development & Entrepreneurship and Electronics and Information Technology said that the in last 9 years, the narrative of the Northeast has tremendously transformed. Chandrasekhar and Rajkumar Ranjan Singh, Minister of State for Education and External Affairs on Friday inaugurated the North-Eastern Skill & Entrepreneurship Conclave being held from 1st September to 3rd September 2023, «Manthan 2023» at Srimanta Sankardev Kalakshetra, Guwahati, Assam embodying a dynamic bidirectional platform, aimed at convergence and collaboration. The Conclave is a confluence designed to channelize the energies of stakeholders to bring together ministries, state governments, academia, industry associations, institutions, policymakers, corporations, and most crucially, beneficiaries to deliberate on Skill and Entrepreneurship in North-East India. Over the next few days, the event will embody the spirit of collaboration, sharing best practices, and aligning efforts in the domains of skilling and entrepreneurship. The event will reiterate MSDE's vision of augmenting skill development and entrepreneurship with a special focus on building capacity of youth of the region through comprehensive package.

NEW DELHI/SYDNEY : Indian billionaire Mukesh Ambani's Reliance Retail Ventures is in advanced talks with global investors to raise around $2.5 billion by the end of September, ahead of a potential stock market listing, people familiar with the matter told Reuters. Three sources said the target fund raise of $2.5 billion is part of a combined $3.5 billion target the firm has set for itself, a part of which - $1 billion - came from Qatar Investment Authority (QIA) and was announced last month.

The Central Board of Direct Taxes (CBDT) has notified Form 71 which a taxpayer can use to correct the wrong Tax Deducted at Source (TDS) credit for any financial year. The notification was issued on August 30, 2023. Here is an example to understand this: Suppose an individual has FD interest of Rs 1 lakh in FY 2022-23 (AY 2023-24) due to which the bank will be required to deduct TDS.

Broadcom forecast fourth-quarter revenue slightly below Wall Street estimates on Thursday, on worries bleak enterprise spending and stiff competition in the networking chip space will outweigh benefits from a boom in artificial intelligence-led demand. Shares of the San Jose, California-based company fell 3.4% in extended trading.

New Delhi: The Appointments Committee of the Cabinet (ACC) approved the appointment of several officers for post of secretary, late Thursday night. Key among them are Neeraj Mittal, a 1992 batch IAS officer who is currently the principal secretary of information technology department in Tamil Nadu, as the new secretary in the department of telecommunications. Mittal has been a senior advisor at World Bank Group and joint secretary in the Ministry of Petroleum and Natural Gas.

S Krishnan as the new secretary for the electronics and information technology ministry. Krishnan takes charge from Alkesh Kumar Sharma, who retired on August 31 this year. Krishnan has, over the last 32 years, held various roles, including the finance secretary for the state of Tamilnadu, and the chief executive officer of the Tamilnadu Infrastructure Board.

Rishabh Instruments IPO: The initial public offering (IPO) of Rishabh Instruments Limited opened for bidding on 30th August 2023 and it will remain open for subscribers till 1sst September 2023. This means, investors have just one day in hand to apply for the public offer as Rishabh Instruments IPO subscription date is ending today evening. In two days of bidding, the Rishabh Instruments IPO subscription status reveals that the book build issue has been subscribed 2.46 times whereas its retail portion has been subscribed 2.79 times.

alliance among others. At around 11 a.m. today, the leaders will also hold a joint press conference.

rising wages. The yen has come under pressure in recent months, weighed by the Bank of Japan's ultra-loose monetary policy, which has in turn inflated the costs of imported goods. The final au Jibun Bank Japan manufacturing purchasing managers' index (PMI) was at 49.6, unchanged from the previous month and slightly down from the flash reading of 49.7. It was the third month the index has come in below the 50.0 threshold that separates growth from contraction. Output and new orders, which contribute the most to the headline figure, remained in contraction, although the reduction in orders was slower than in July, data by S&P Global Market Intelligence showed. Input cost inflation re-accelerated for the first time since September, while output price inflation slowed, squeezing companies' profits. Rising wages also fuelled cost pressures, according to the survey, with the subindex for employment showing the weakest growth in 29 months. «Firms noted that the filling of existing vacancies due to staff shortages were offset by a number of voluntary resignations as staff looked for higher paying jobs,» said S&P's Usamah Bhatti. The soft PMI reading comes a day after government data showed Japanese factory output falling more than expected in July, dented by weak demand for capital goods and electronic devices in China.

energy storage technologies has taken on a relevance that has never been witnessed in the ever-changing environment of renewable energy adoption. Energy storage systems' durability and dependability, a crucial aspect that depends on batteries' toughness, are at the core of the matter.

leadership role in the industry. Edited excerpts from the interview: Modi: We have a presence in India for over 35 years, with a workforce across design centres in Noida, Bengaluru, Ahmedabad and Pune . One third of our staff of 11,000 is in India, including 30% of research and development team.

Israeli sabotage plot aimed at Iran's ballistic missile production. Several agents involved in the alleged plot have been arrested, according to state media reports. The Iranian authorities claim that the plan involved selling faulty components to Iran that would have led to the destruction of the missiles. The alleged Israeli operation comes amidst a history of tension and hostilities between Iran and Israel, with both nations being engaged in a covert battle of sabotage and accusations.

get a quick cash advance loan online through their smartphones in a few taps. Although the idea is quite tempting and promising, it also raises some questions. What is involved in cash advance apps? Are these loan apps safe? And how do they work? We're here to give you the answers to these questions. Are There Really Apps You Can Borrow Money from? Sure, there are plenty of apps that let you borrow money via your cell phone.

Chandrayaan-3 rover is trying to find answers to with its scientific instruments. Alpha Particle X-ray Spectrometer (APXS) onboard the rover, was deployed to observe the lunar sample, ISRO announced on Thursday. Later in the day it also announced that the first measurements of the lunar plasma environment over the South Pole region have been carried out. APXS instrument is best suited for in-situ analysis of the elemental composition of soil and rocks on the surface of planetary bodies having little atmosphere, such as the Moon. It carries radioactive sources that emit alpha particles and X-rays onto the surface sample.

Batteries in older Nissan Leaf electric vehicles are getting a new life as portable power sources that can be used to run gadgets on the go or deliver emergency power in disasters

Indo-US task force for electronics has been set up to elevate trade in the segment between the two nations to $100 billion over the next decade, the India Cellular and Electronics Association (ICEA) said Thursday. The task force will work towards boosting trade, fostering innovation, creating jobs, and achieving seamless integration with the global tech ecosystem, it added. “Having a vibrant ecosystem that is part of a global supply chain is imperative. I envision a business relationship between India and the US that is built on a foundation of trust and partnership,” RS Sharma, chief mentor of ICEA, and chair of the Indo-US Task Force for Electronics, said after the task force’s inaugural meeting in New Delhi. The task force will also look to further the strategic partnership between India and U.S.