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Narendra Modi will flag off the second Vande Bharat Express train running between Varanasi and New Delhi today i.e. on 18 December. The train will be flagged off at around 2:15 pm.

Muthoot Microfin IPO: The initial public offering (IPO) of Muthoot Microfin Limited has opened today and it will remain open till 20th December 2023 i.e. till Wednesday this week. This means, Muthoot Microfin IPO date of subscription will remain open from Monday to Wednesday this week.

Israeli troops mistakenly killed three of their own hostages, Israel Defense Forces (IDF) Chief of the General Staff LTG Herzi Halevi guided the troops on the rules of engagement in similar situations in the future. He urged the troops to show caution if there were two people without shirts and with raised hands. Halevi also specified that even if two Gazans come with a white flag to surrender, they should not be attacked. «Absolutely not. That's not the IDF,» he said. «A message from IDF Chief of the General Staff LTG Herzi Halevi on IDF rules of engagement, from a situational assessment with the commanders and soldiers of the 99th Division in Gaza today,» the IDF posted on X (formerly Twitter). «You see two people; they are with hands up and without shirts; take two seconds, and I want to tell you something just as important, and if it's two Gazans with a white flag coming out to surrender, why would we shoot at them? Absolutely not.

PhonePe recently made an offer to cash-strapped Dunzo to invest a significant amount in its merchant network business, at a time the latter is desperately seeking cash, sources aware of the talks said. The proposal, however, didn’t move forward due to concerns among the troubled startup’s investors due to the strategic nature of PhonePe, which is majority owned by Walmart after its split from ecommerce firm Flipkart, these sources involved in the discussions said.

Competition Commission of India (CCI) has no plans to bring in a new regulation for digital players until the government decides if a new law is required to regulate big tech, Ravneet Kaur, chairperson of the antitrust watchdog has said, scotching speculations about interim norms. In an interview to Banikinkar Pattanayak, Kaur also said the regulator would soon wrap up processes to notify new settlement, commitment, combinations and leniency-plus frameworks. Edited excerpts: In recent months, the CCI has sought public comments on four critical frameworks-settlement, commitment, combinations and leniency-plus. By when can we expect these to be notified? We have received public comments on these draft regulations. Separate groups within the CCI are looking into the feedback and suggestions by stakeholders, and the frameworks will be finalised after that. It's difficult to set a timeframe for notification of these regulations because they mark far-reaching changes from the extant regulations and, therefore, have wider ramifications. So, comprehensive deliberations are required for each of them. But our efforts are to wrap up the process as soon as possible.

A substantial warning has been issued by the Securities and Futures Commission (SFC) of Hong Kong against two cryptocurrency firms, namely Hong Kong Digital Research Institute (commonly known as HongKongDAO) and BitCuped, both of which are accused of engaging in fraudulent operations.

MUMBAI : The Union finance ministry has rectified the agenda of a parliamentary committee meeting scheduled for early next year, putting an end to speculation of a potential merger of public sector banks—UCO Bank with Union Bank of India, and Bank of India with Bank of Maharashtra. In a letter addressed to, among others, the bank chiefs of the four PSU banks and Reserve Bank of India governor on Thursday, the finance ministry said that the members of the parliamentary committee would hold informal discussions with UCO Bank and Union Bank, besides Bank of India and Bank of Maharashtra, over the “regulatory mechanism in post-merger scenario".

Bank of Maharashtra, and Union Bank and UCO Bank. According to a report by Reuters citing the document, a parliamentary panel will hold discussions with the four government-owned banks early next year under banking laws which among other things govern mergers and acquisitions. The informal discussions will be held with representatives of UCO Bank and Union Bank of India on January 2, 2024, and between Bank of Maharashtra and Bank of India on January 6, 2024 in Mumbai and Goa.

A digital real estate company has been analyzing the data across a good portion of the province and says prices and sales have dropped, with some underbidding now taking place in many areas.

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Telecommunications Bill 2023 in Lok Sabha on Monday, according to sources. The Telecommunications Bill 2023 aims to replace the 138 years old Indian Telegraph Act that governs the telecom sector. «The President has been informed about the Telecommunications Bill 2023.

Narendra Modi Sunday launched the second edition of the Kashi Tamil Sangamam at the Namo Ghat in Varanasi and flagged off an express train (Kashi Tamil Sangamam Express) between the city of Kashi Vishwanath and Kanyakumari. While inaugurating the second edition of the Kashi Tamil Sangamam Prime Minister Modi said “Today, use of new technology has taken place here through Artificial Intelligence (AI). This is a new beginning and hopefully, it makes it easier for me to reach you." The prime minister was referring to the simultaneous Artificial Intelligence (AI) based Tamil translation of his speech done through Bhashini for those in the audience who understood Tamil.

Sajjan Jindal on Sunday issued a statement responding to the Mumbai police FIR in alleged rape case, reported ET NOW. He has called the allegations “false and baseless” adding that he is committed to providing full cooperation throughout the investigation.

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Having insurance coverage is crucial for managing a health emergency, but it’s equally important to maintain financial stability when faced with a health crisis. Often there are many confusions and doubts when you purchase a term insurance plan, but these can be addressed if you carefully assess your requirements.

Question: What are the disclosure requirements for Indian residents who hold foreign assets? Answer by Dr Suresh Surana, Founder, RSM India: 1.0 Applicable Schedule in the ITR: Schedule FA (i.e. Schedule on Foreign Assets held outside India) must be filled by every individual taxpayer who is a resident and ordinarily resident in India and owns or has a beneficial interest in assets abroad or derives income from foreign sources during the relevant calendar year or has signing authority in any account outside India. As such, Schedule FA need not be filled by those having status of either non-residents (NR) or Resident but Not Ordinarily Resident (RNOR). For instance, an Indian investor buying US stocks from international brokerage platforms cannot opt for Form ITR-1 (SAHAJ) or ITR-4 (SUGAM) for filing their ITRs and would be required to file their income tax return in Form ITR-2 or ITR-3, as applicable.

Aadhaar is a vital identity document for citizens in the country, containing important information like name, address, photo, biometric data, and other key identity details. It is widely accepted as a crucial proof of identity in both government and non-government settings. It is important to keep the information on Aadhaar, including the photo and address, up to date.

It takes time and lots of efforts to build wealth and assets for your family. However, if you don’t have a nominee, your entire wealth may leave your family or dependents into a legal dispute and may even deprive them from acquiring your asset in case of your untimely demise.

By Ravi Chamria

By Rajesh Mehta and Vasudha Badri Paul