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indirect tax body, the Goods and Services Tax (GST) Council, will on Wednesday finalize the fine print of the indirect tax regime covering online gaming, casinos and horse racing and put in place ways to check any tax evasion. Mint takes a look at what to expect and why online gaming platforms are up in arms. The GST Council, led by union finance minister Nirmala Sitharaman, will meet virtually to discuss and approve the amendments to Central GST (CGST) Act and the respective state GST (SGST) laws to give effect to the decision taken at its meeting last month regarding taxation of online gaming, casinos and horse racing.

A leading global investment firm, KKR, acquired majority stake in LEAP India, which is a pallet pooling platform in India, the company announced on Wednesday. With this deal, the funds managed by KKR will acquire a majority stake in the Company.

Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators. For each indicator, the value in each month is assigned a colour-coding (red, amber and green) to denote where it lies relative to the five-year average (worse, in line, or better).

Haryana Deputy Chief Minister Dushyant Chautala on Wednesday said the yatra organisers in Nuh did not provide complete information to the district administration, which resulted in the violence on Monday. Speaking to media persons on Wednesday, after the violence in the Nuh district claimed 5 lives, including that of 2 police homeguards, the Deputy CM vowed stringent action against those responsible. «The yatra organisers did not give complete information about the procession to the district administration, which resulted in the violence.

ITRs filed for AY 2023–24 totaled more than 6.77 crore as of July 31, 2023, which is 16.1% more than ITRs for AY 2022–23 (5.83 crore) as of the same date. Up until July 31, 2023, the Department also received 53.67 lakh ITRs from first-time filers, a reasonable indication of the expansion of the tax base. According to the PIB release, “The filing of ITRs peaked on 31st July, 2023 (due date for salaried taxpayers and other non-tax audit cases) with over 64.33 lakh ITRs being filed on a single day i.e. on 31st July, 2023.” Once you file your tax returns, you can find out its status as to whether the Income Tax Department has accepted and processed your ITR. In specific situations where any differences are found, you might need to respond to the ITD's notice.

LONDON — Market expectations are split over the Bank of England's next monetary policy move on Wednesday, as policymakers near a tipping point in their fight against inflation.

reliance on imports from China for critical components like battery cells used in electric vehicles. Previously, Mint reported that A delegation of high-ranking Tesla executives, including key members from the public policy, supply chain, and business development teams, is currently in India to actively interact with various government stakeholders and gain valuable insights into the local market.

Former National Australia Bank chief executive Cameron Clyne has re-emerged in the banking sector, investing in and advising a start-up, Swarm Dynamics. It makes artificial intelligence-powered software to help banks identify and resolve their cultural problems.

Nvidia chips, with the company's CEO saying it sees an «opportunity» to sell its AI chips in China. Shares were up roughly 3.5% in after-hours trading.AMD CEO Lisa Su said AMD is set to ramp production of its MI300 artificial-intelligence chips in the fourth quarter. The MI300 AI accelerator chips are designed to compete against the advanced H100 chips already sold by Nvidia, though they are in short supply.

Tupperware Brands Corp, Yellow Corp and other U.S. companies have soared in recent days, reminding analysts of so-called «meme stock» rallies in which strong demand from retail investors fueled huge gains in stocks that had fallen out of favor on Wall Street. Shares of trucking company Yellow jumped more than 78% on Tuesday, after more than doubling in the previous session, following a news report that private equity firm Apollo Global Management was nearing a deal to provide new capital to the firm after it ceased operations and prepared to file for bankruptcy.

GST) revenue maintained the recent robust pace of growth, rising 11% from a year earlier to ₹1.65 lakh crore in July, showed data released on Tuesday. Other high-frequency indicators available for July indicated the economy has carried over the strong first-quarter momentum into the second quarter. Automobile companies reported their best-ever July despatches, sending 352,500 cars to dealerships, a 3.1% rise from a year earlier.

Oil prices rose more than 1% on Wednesday, trading near their highest since April, after industry data showed a much steeper-than-expected draw last week in crude oil inventories in the U.S., the world's biggest fuel consumer.Brent crude futures for October rose 92 cents, or 1.1%, to $85.83 a barrel by 0001 GMT, while U.S. West Texas Intermediate crude climbed 84 cents, or 1.03%, to $82.21 a barrel. Both benchmarks settled lower on Tuesday, breaking a three day streak of gains.

Maruti Suzuki: Maruti Suzuki India reported single-digit sales growth in July with the sports utility segment continuing to drive overall demand in the market. Maruti Suzuki on Tuesday said its total domestic passenger vehicle sales stood at 1,52,126 units last month as compared to 1,42,850 units in the year-ago month, a growth of 6 per cent. Utility vehicles, consisting of Brezza, Ertiga, Fronx, Grand Vitara, Jimny and XL6, clocked sales of 62,049 units last month, a two-fold jump as against 23,272 units dispatched in the year-ago period.

Australia’s ambitions to develop a green hydrogen industry have suffered only a temporary setback from the US Inflation Reduction Act, and enjoy positive prospects at the hands of state and federal policies, funding support, and demand from key Asian trading partners.

macroeconomic trends and will continue to set the pace (for the smartphone industry) for quite some time," Reuters quoted Bob O'Donnell, founder of TECHnalysis Research, as saying. In September, analysts anticipate the unveiling of the much-anticipated iPhone 15, which could feature the widely accepted USB-C port on certain models. This development may provide a slight boost to iPhone sales during the July-September quarter, according to market experts, who have differing opinions on the overall performance during this period.

Britannia Industries have weakened of late as concerns over rural sales growth and troubles at group company Go First Airlines weighed down investor sentiment. The stock fell 4.2% in the past month to ₹4,818 on Tuesday as against the 0.6% advance in the Nifty FMCG Index. «There is an apprehension that sales may be impacted with slower recovery in rural areas than expected,» said Nirvi Ashar, fundamental research analyst at Religare Broking.

India could consider allowing Tesla's foreign vendors, notably those based in China, to manufacture critical components in the country but the government is not in favour of any company-specific exemptions, sources aware of the matter said. This assumes significance as some key components of electric vehicles such as battery cells are imported from China. Tesla has expressed interest in bringing its own supply chain ecosystem to India.

The journalists of French emblematic Sunday newspaper Le Journal du Dimanche have decided to put an end to a 40-day strike

hiring platform for students and graduates, on Tuesday said it has raised $5 million from Japan-based human resources firm Mynavi, online education provider Coursera and others. The Delhi-based startup is Coursera’s first India-based investment. Unstop will use the capital to enhance its technology, marketing, product and sales functions, as per a statement.

Sebi) Tuesday proposed to tweak the account aggregator(AA) framework to curb misuse of financial information in frauds and mis-selling of products. «It is notable that though there are various safeguards in place and consistent communication advising caution, consumers sometimes adopt unsafe practices of sharing confidential information such as user IDs, passwords, OTPs, account numbers with third parties; authorising / empowering third parties to operate their accounts; or providing access to their financial information to third parties,» Sebi said in a discussion paper.

Grapple Glove, a highly anticipated traversal item, has made its comeback in Fortnite Chapter 4 Season 3. Here's where to find it and how to use it efficiently. Introduced during Chapter 3 Season 3, the Grapple Glove has been a hit among Fortnite players. With its ability to attach to various surfaces and launch players forward with a powerful swing, it became a sought-after item for traversing the island. In Chapter 4 Season 3, players were provided with several traversal options, such as vehicles, Grind Vines, Hop Plants and Raptors. However, the absence of the Grapple Glove was felt and its return has been warmly welcomed. To find the Grapple Glove in Fortnite Chapter 4 Season 3, players can search both Chests and Floor Loot. It is widely available across the island, but you'll have better luck locating it in high-ground areas like Mega City, Rumble Ruins and Brutal Bastion. Unlike its limited availability in Chapter 3 Season 3's Grapple Stops, the Grapple Glove is now more accessible throughout the game's various locations in the current season. To use the Grapple Glove, equip it in your inventory and aim at a suitable surface like a building or tree. Press the shoot button, and the glove will propel you forward with a swing. You can continue your trajectory by firing at another surface. Each Grapple Glove has 30 shots, and there's a slight cooldown period after each use. If you've used the Spider-Verse Web Shooters from the previous season, you'll find the Grapple Glove works similarly, though it requires multiple shots to maintain momentum compared to the web shooters.