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online games. While many platforms witnessed rising interest during the covid-induced lockdowns, Loco and its competitors, such as Rooter, suffered setbacks in the form of bans and suspensions. For instance, the ban on the popular game PUBG in 2020 by the ministry of electronics and IT, citing security concerns over its Chinese origin, led to a temporary 40% decline in traffic on the Loco platform, he said.

NEW DELHI : Leading global and domestic manufacturers have shown interest in the new production linked incentive or PLI scheme for IT hardware, said ministry of electronics and information technology secretary Alkesh Kumar Sharma. “About 58 registrations have taken place. The response has been good.

₹8,000 crore (nominal) through price-based auction using uniform price method (ii) “7.17% Government Security 2030" for a notified amount of ₹7,000 crore (nominal) through price-based auction using uniform price method (iii) “7.18% Government Security 2037" for a notified amount of ₹12,000 crore (nominal) through price-based auction using uniform price method (iv) “7.25% Government Security 2063" for a notified amount of ₹12,000 crore (nominal) through price-based auction using multiple price method The government will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Friday, 1 September, 2023.

ITR verification time restriction from 120 days to 30 days from the date of return submission in order to speed up this procedure. The change came into effect from August 1, 2022. According to the social media X(previously known as Twitter), “Dear Taxpayers, Do remember to verify your ITR within 30 days of filing. Delayed verification may lead to levy of late fee in accordance with provisions of the Income-tax Act, 1961. Don’t delay, verify your ITR today!” For ITR that are being filed on July 28, one must ensure that their ITR is verified within 30 days from the date of submitting the same on the income tax portal. So, today is the last date for tax payers who have filed tax on July 28. If the ITR is not verified, then it will be assumed that taxpayer has not filed the ITR.

The deadline for applications is August 30. «We have received 58 applications for IT hardware PLI so far, from both global and local companies,» said Alkesh Kumar Sharma, secretary, ministry of electronics and information technology. He said that all major companies have applied for the scheme.

BJP) led NDA government returned back to power. Current market valuations, domestic macroeconomic conditions, global economic outlook and similarity in political situation in 2023 draw a degree of parallels with the situation that existed in August of 2018, noted Kotak Institutional Equities in a report. «We see a fair degree of parallel between the economic and market conditions now and five years back (August 2018).

PLI 2.0 scheme that was tweaked for semiconductor making in June this year. His remarks came while addressing the ICEA report launch here. Speaking at the event today, the MeiTY Secretary said, “I am happy with the response to the scheme.

experimental. But some of them did the job. There were explosions inside the base and several dead, with wounded soldiers seen streaming into the local hospital, according to local sources.

Rising trade barriers

(Reuters) -Electric vehicle maker BYD Co (SZ:002594) Ltd said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc's Singaporean division to buy its mobility business in China for 15.8 billion yuan ($2.17 billion).

Reliance IndustriesShares of Reliance Industries Ltd (RIL) will be in focus today ahead of the company's AGM.

China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide. Caterpillar Inc.

batteries used in electric vehicles, consumer electronics and high-tech electricity grids — have asked the government to make flexible the minimum capacity required to be set up for availing of incentives under the ₹18,100 crore production linked incentive (PLI) scheme for advanced chemistry cells (ACC). The government has been pushing the shift towards EVs in its bid to clamp down on crude oil imports and vehicular pollution. The PLI scheme for ACC has been floated to make India self-reliant in the transition to clean energy, when the country is projected to see sales of a million electric cars and 22 million electric two-wheelers by 2030. Senior government officials ET spoke with said industry stakeholders have recommended that the government reduce the minimum capacity required to become eligible for PLI ACC and make it flexible at 1 GWh (gigawatt hours) or 3 GWh from the minimum of 5 GWh in the earlier round, to allow more companies to participate and foster innovation. «We have held consultations with stakeholders.

Ministry of Health and Prevention (MoHAP) has launched a back-to-school health awareness campaign from August 17 to 31 to equip parents and students with insights into the significance of adopting healthy lifestyles as they return to school, emphasising the benefits of physical activity, a balanced diet, regulated sleep patterns, and controlled electronic screen time. In collaboration with the Ministry's representative offices across the UAE, six community events were held at Lulu Hypermarkets. Additionally, an exclusive awareness session was organized specifically for MoHAP employees. These events involved a series of activities, including healthy cooking workshops for parents and children, guided by expert chefs, where they learned how to prepare nutritious school meals. Nutritionists provided participants with tips on how to preserve food in school lunch bags during prolonged school hours.

MEXICO CITY (Reuters) — A U.S. judge has canceled a hearing on a $10 billion lawsuit filed by Mexico seeking to hold U.S. gun manufacturers responsible for facilitating arms trafficking to drug cartels, Mexico's foreign ministry said on Saturday.

The landmark Digital Personal Data Protection Act (DPDPA) 2023 will have a transformative impact on India’s tech landscape even though there are some concerns about it.

Global trade volumes will grow at a “moderate pace” in the third quarter of the year, continuing the uptick from the prior period after two quarters of decline, the World Trade Organization said. The WTO’s periodic goods barometer jumped to 99.1 from the previous reading of 95.6 announced in May, the Geneva-based organization said in a report published Thursday. The baseline of 100 indicates growth over the next quarter that’s in line with medium-term trends. High commodity prices, tighter monetary conditions, and anemic import demand have weighed on global trade volumes, the report said.

Read more Jio Financial Services stock will now be removed from the all the S&P BSE indices, including Sensex, Sensex 50, BSE 100, BSE 500 among others, before opening of trading on September 1. Read more The Securities and Exchange Board of India (Sebi) on Friday informed the Supreme Court that it has concluded 22 out of 24 separate investigations into the Adani group, analysed data on nearly 350 million stock trades, and scrutinized dealings in seven Adani group firms involving tens of thousands of documents.

Shivalik Bimetal Controls have rallied by a massive 17,600% in the last 10 years, offering jaw-dropping returns to investors. If one would have invested about Rs 10,000 in stock a decade ago, the amount could have swelled to over Rs 17 lakh, according to an analysis by ET Markets. The shares have delivered solid returns in the last three years, too, with a 2150% rise, and gained about 400% in the same period. Shivalik Bimetal Controls is a company specialised in the joining of material through various methods such as diffusion bonding, electron beam welding, solder reflow and resistance welding. It has a market capitalisation of about Rs 3,204 crore and an EPS of 13.22 on a trailing twelve month (TTM) basis.

PSU Bharat Electronics Limited (BEL) has received new defence and non-defence orders worth Rs 3,289 crore during July and August 2023 (till date). The orders are for supply of Low Level Light Weight Radars, SONARS, IFF Systems, SATCOM Systems, EO/IR Payloads, TRM/DTRMs, Jammers, Encryptors, Data Link Systems, Fire Control Systems, Radars for Directed Energy Systems, Semi Rugged Telephone Exchanges, Software Defined Radios and various others types of radios, Electronic Voting Machines, AMC and Spares, the company said. These also include the LoI / order worth Rs 1,075 crore received on Friday from Hindustan Shipyards Limited for supply of CMS, Communication Systems, EW Systems and other sensors for Fleet Support Ships, the Bengaluru-headquartered BEL said in a statement. «These orders are in addition to the Rs 8,091 crore orders, which are already received.

Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system