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Mint, he also talked about efficient ways to increase the number of taxpayers in India. Here are some edited excerpts: The default (new) regime, which offers concessional tax rates on total income, without deductions and exemptions, will make both tax compliance and tax administration simple. It will also ensure consistency and certainty.

Stallion India Fluorochemicals has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday. The proposed IPO comprises a fresh issue of up to 1.78 crore equity shares and an offer-for-sale (OFS) component of up to 43.02 lakh shares by its promoter Shazad Sheriar Rustomji, as per the Draft Red Herring Prospectus (DRHP). Proceeds from the issue will be used towards funding working capital requirements, capital expenditure for its proposed facilities in Maharashtra and Andhra Pradesh, and general corporate purposes.

BENGALURU : One of India’s earliest edtech companies, iNurture, is in talks with Dubai-based Kimera Investment to raise capital to stave off a potential crisis that could leave about 500 employees and thousands of students stranded. iNurture, which partners with universities to offer specialised courses and skill-development programs, is facing a shortage of funds and has failed to pay salaries to its employees and faculty, according to employees and faculty members. As a result, teachers have either quit or stopped teaching, leaving students who have enrolled for iNurture courses across universities stranded.

Tata Elxsi Ltd. traded 0.36 per cent up at Rs 6947.45 at around 01:24PM (IST) on Monday. The stock had closed at Rs 6973.25 in the previous session. Equity benchmark Sensex traded 114.02 points lower at 80490.63 around the same time.

JSW Steel fell by 2.5% to its day’s low of Rs 866 in Monday's early trade on BSE after the company reported a 64% decline in its consolidated net profit at Rs 845 crore in the first quarter. The profit missed the Street estimates of around Rs 1,254 crore. Revenue from operations in the June quarter, however, increased 2% year-on-year (YoY) to Rs 42,943 crore.

₹1 crore. This penalty was imposed for his alleged involvement in front-running. The anchor allegedly used material non-public information to benefit from stock trades before it was broadcast.

Malayalam crime thriller 'Thalavan', featuring Biju Menon and Asif Ali, has been capturing the attention of streaming enthusiasts. Released in theaters on May 24, 2024, the film garnered a respectable response at the box office. Now, viewers are eager to know when they can catch it on OTT platforms.

Netanyahu visits Washington this week, under pressure to end the Gaza war both from Israelis who want hostages brought home and from a U.S. administration focusing increasingly on the presidential election. The visit, Netanyahu's first to his most important international ally since returning for a record sixth term as prime minister at the end of 2022, has been overshadowed by President Joe Biden's decision not to seek reelection. A meeting with Biden is tentatively planned for Tuesday if the president has recovered from Covid-19, and Netanyahu is scheduled to address the U.S. Congress on Wednesday.

Prizor Viztech listed on the NSE SME platform with a premium of 90% on Monday. The stock debuted at Rs 165.3 against an issue price of Rs 87 per share. Ahead of the listing, the company's shares traded with a premium of Rs 105 in the unlisted market.

India is in for a major event this week, the Budget, which has been crucial given the kind of spending the government of India is doing in certain sectors and which has a direct impact on the stock market, discounting every single statement and reflected in prices.

Last week, speaking at the Defense News Conclave: Stories of US-India Defense and Security Partnership in New Delhi, the US envoy to India, Eric Garcetti invoking the qualities of “trusted friends” remarked that the bilateral relationship is still “not yet deep enough” to be taken for granted and emphasised that “there is no such thing as strategic autonomy” during a conflict. Garcetti stressed that in times of conflict, strategic autonomy gives way to the necessity of acting together as trusted friends, understanding each other's equipment, training, systems, and even as human beings.

US Homeland Security Secretary Alejandro Mayorkas has appointed a bipartisan, independent panel to review this month's assassination attempt on former President Donald Trump, officials said Sunday. The panel members will have «extensive law enforcement and security experience to conduct a 45-day independent review of the planning for and actions taken by the US Secret Service and state and local authorities before, during, and after the rally, and the US Secret Service governing policies and procedures,» the Department of Homeland Security said in a statement. The first people named to the panel are former Homeland Security Secretary Janet Napolitano; Frances Townsend, former Homeland Security adviser to President George W. Bush; Mark Filip, a former federal judge and deputy attorney general to President George W. Bush; and David Mitchell, former Secretary of the Department of Public Safety and Homeland Security for the state of Delaware. Additional experts could be asked to join the group in the coming days, the statement said.

Rajouri district, Jammu and Kashmir, officials said. The incident occurred at 4 a.m. when terrorists opened fire on the post. Troops guarding the post retaliated immediately, resulting in fierce exchanges of gunfire. An Army spokesperson confirmed the retaliation and subsequent actions. «The troops foiled the attack, following which a cordon and search operation was launched by security forces in the area,» the spokesperson stated. «Terrorist fire was returned. The soldier injured in the firing by the terrorists was shifted to hospital,» said an official source.

IDBI Bank and Suzlon Energy. Apart from the above, companies like Allied Blenders, Coforge, Cyient DLM, Dodla Dairy, Jana SFB, Mahindra Logistics, Maharashtra Scooters, Spencers Retail, UCO Bank, Zensar Tech among others will also declare their results.

profit booking on Friday amid global selloff after a record-breaking rally in the last few days. «Investors are also cautious ahead of the Union Budget next week on 23rd July which will provide the next set of directions to the market. Earnings season will also pick up pace which will result in stock specific actions. Apart from Budget, US Core PCE data and PMI data will be key events to monitor,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

5G capex spends, analysts said. Analysts expect the recent headline tariff hike to give Mukesh Ambani-led Jio's stagnant ARPU (average revenue per user) a much needed boost in coming quarters.

Paris Olympics boldly declared that France’s capital would be “the safest place in the world” when the Games open this Friday. Tony Estanguet’s confident forecast looks less far-fetched now with squadrons of police patrolling Paris’ streets, fighter jets and soldiers primed to scramble, and imposing metal-fence security barriers erected like an iron curtain on both sides of the River Seine that will star in the opening show. France’s vast police and military operation is in large part because the July 26-Aug. 11 Games face unprecedented security challenges. The city has repeatedly suffered deadly extremist attacks and international tensions are high because of the wars in Ukraine and Gaza.

kanwar route to display owners' names, NEET paper leaks and spike in terrorist attacks in J&K echoed loudly at the all-party meeting called by the government on the eve of Parliament's monsoon session. The meeting was chaired by defence minister Rajnath Singh and 55 leaders from 44 parties attended the gathering. Congress' Lok Sabha deputy leader Gourav Gogoi demanded that Deputy Speaker's post be given to the Opposition. He also raised NEET-NET paper leaks and internal security situations in J&K and Manipur. He strongly opposed the BJP-led UP government's unconstitutional order on kanwar yatra, worsening railway safety and Agniveer scheme, party leader Jairam Ramesh posted on X. Ramesh later said that leaders demanded that the Central Hall be opened again for MPs to mingle with each other. Samajwadi Party's Rajya Sabha floor leader termed UP's Kanwar order «unconstitutional». He said after the meeting: «This is a way to harass minorities and the entire Opposition is united on this issue.» CPIM leader John Brittas said the pilgrimage routes should not be used to divide the society. Most Opposition parties including RJD, CPI, AAP, IUML, AIMIM spoke strongly against the order. BJP's erstwhile ally SAD also criticised the order.

Bangladesh situation remaining tense and volatile, notwithstanding the decision by the country's Supreme Court on Sunday to scrap the student reservation policy which is the genesis of the current crisis. Opposition BNP through the Jamaat-e-Islami has threatened to unseat the Hasina government and has launched a campaign to influence the country's Army to prevent it from safeguarding the dispensation. A fake letter signed by «junior officers» of Bangladesh Army was circulated with an aim to pressurise the Army Chief to take a neutral stand. Dhaka-based sources told ET that the country's security establishment is backing Prime Minister Sheikh Hasina. On Sunday Bangladesh's Supreme Court scrapped most of the quotas that have sparked protests and in which at least 114 people have been killed. The Supreme Court's Appellate Division dismissed a lower court order that had reinstated the quotas, directing that 93% of government jobs will be open to candidates on merit, without quotas, reports said.

National Testing Agency (NTA) published the full results of the National Eligibility-cum-Entrance Test (Undergraduate) 2024 on its website, the Centre has maintained its claim that there is no evidence of any large-scale irregularities in the examination. Preliminary analysis of the data indicated that the highest number of students with highest scores are from Rajasthan, with as many as 482 students securing 700 plus score. A similar score was secured by 205 students in Madhya Pradesh; 194 in Kerala and 184 in Uttar Pradesh. Government sources have rejected the apprehensions that irregularities may have taken place at other centres. Government sources have maintained that the «breach» of the examination paper was «localised» and occurred only at one centre in Bihar.«Despite the breach at one centre in Bihar and hiring seven solvers, the beneficiaries (students) of wrongdoing could not benefit substantially,» said a government official on the condition of anonymity.

India regarding the allegations of a plot to assassinate a Sikh separatist in the US that involved an Indian government official has been «respectful» and «effective» because it's being held behind closed doors, according to Jake Sullivan, the National Security Advisor to the US president. In November last year, US federal prosecutors charged Indian national Nikhil Gupta with working with an Indian government employee in the foiled plot to kill Gurpatwant Singh Pannun in New York. Gupta, who was arrested in the Czech Republic in June last year, was extradited to the US on June 14. «We have had a constructive dialogue with India on this issue. And we have made it very clear where we stand on it and what we would like to see. And it's been respectful, and it has been effective, in my view, mostly because it is taking place behind closed doors,» Sullivan said at the Aspen Security Forum in Colorado on Friday responding to a question on allegations related to the assassination attempt on Pannun. India has denied the allegations but has constituted an internal investigations team to look into it.