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section 87A tax rebate but were prevented from claiming it post July 5, 2024. The Income Tax Department has now updated the excel utilities for ITR Forms 2 and 3 to exercise the option to update tax rebate under section 87A for FY 2023-24 (AY 2024-25). The department also said the HTML utilities will be made available shortly. This information was mentioned by the Income Tax Department in the late hours of yesterday.

TikTok and its China-based owner ByteDance, which is seeking to block a law signed by president Joe Biden that will ban the short-form video app beginning Jan. 19 unless it is divested from ByteDance, due to national security concerns. TikTok requested an injunction to pause the ban during the legal process, but the Supreme Court did not immediately act on the request.

U.S. Steel and Nippon Steel have announced they are filing joint lawsuits against the U.S. government and others following President Biden's move to block the deal. FOX Business' Lydia Hu with more.

Hiren Ved, Director & CIO, Alchemy Capital, says the market has been in a corrective consolidation phase for a while now and it might continue for some time, but the biggest catalyst, more than anything else, could be the result season because once there is confidence that earnings can come back and growth can come back in Q4, the markets can get back to the races. Ved also says he continues to bet on the CDMO theme, platforms and tech and higher-end consumption this year. Markets are not in a marathon mode, they are not here, not there. Are we in for more of the same where we just stay in this range for an extended period of time? Hiren Ved: Yes, it very well could be because everybody wants to wait and see how the results pan out because we had a soft patch in the economy. We had a soft patch when it came to results in Q2 and also everybody is waiting for what Trump is going to do and then we also have the Budget. Typically, when you have so many events, then it is very difficult to see if you will have any great direction, one way or the other.

operating profit in the October-December quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of value-driven growth. One of the reasons could be that a number of companies have opted for a price hike in the December quarter due to rising costs of input items such as copra, vegetable oil, and palm oil.

India vs Australia 5th Test Day 3 LIVE Score: Jasprit Bumrah's availability will be the talking point on the third day of the fifth Test in Sydney when the Indian team take the field against Australia. Bumrah, who is leading India in the absence of regular captain Rohit Sharma, left the venue for medical spasms after reporting back spasms. However, the BCCI medical team is yet on Bumrah.

Elon Musk Saturday announced plans to update to the algorithm of X (formerly known as Twitter), a social media platform he acquired in 2022 for $44 billion. In a series of posts on the platform, Elon Musk underscored the importance of prioritising content that users find genuinely engaging and valuable. The updates aim to prioritise content that maximises “unregretted user-seconds” and offers users more control over their feeds.

tax rebate issue is of special interest and debate among taxpayers. The issue became so contentious that multiple court cases were filed against the tax department’s decision to deny eligible taxpayers the benefit of 87A tax rebate. The tax department seems to have taken a stance that if special rate incomes like short term capital gains income exists in the ITR then that ITR cannot claim 87A tax rebate. This stance however was not properly communicated to taxpayers and changes were made to the ITR processing software suddenly on July 5, 2024, which is what caused the whole 87A tax rebate mess.

Adani Wilmar's revenue for the quarter ended December 31, 2024, grew by 33% year-on-year on the back of a 6% jump in its volumes, the company informed exchanges on Saturday. The growth was achieved despite significant price hikes driven by a surge in raw material costs, the company filing claimed. The edible oils segment witnessed a downtrading among consumers but the company maintained its market share with a diverse portfolio of brands at various price points. In the foods category, key packed products such as wheat flour, rice, nuggets, pulses, poha, and sugar continued to experience robust double-digit growth, the update said.

Black Ops 6 and Squid Game. The event starts on January 3 and offers new modes, unique rewards and exclusive challenges across different platforms.

A year after a panel blew out of a Boeing 737 Max during flight, the nation’s top aviation regulator says the company needs to change its culture and put safety above profits

Bank of Baroda's (BoB’s) Q3FY25 global business grew by 11.74% year-on-year to Rs 25.64 lakh crore versus Rs 22.94 lakh crore reported by the state lender in the year-ago period. In this, the global advances surged 11.65% YoY to Rs 11.72 lakh crore in the quarter ended December 31, 2024, up from Rs 10.49 lakh crore in Q3FY24, the company informed the exchanges after market hours. Meanwhile, global deposits of the bank grew by 11.82% YoY in the said quarter to Rs 13.92 lakh crore versus Rs 12.45 lakh crore in the corresponding quarter of the previous financial year.

Shares of Punjab National Bank(up 0.88 per cent), IndusInd Bank Ltd.(up 0.67 per cent), IDFC First Bank Ltd.(up 0.62 per cent), Au Small Finance Bank Ltd.(up 0.45 per cent) and Canara Bank(up 0.35 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. The Audi Q7, a car popular among India’s film stars, has long been a symbol of luxury and practicality. With its combination of reliability and solid build quality, it has been the go-to seven-seater SUV.

Venue : Newlands, Cape Town South Africa squad - David Bedingham, Matthew Breetzke, Temba Bavuma, Tristan Stubbs, Aiden Markram, Corbin Bosch, Marco Jansen, Senuran Muthusamy, Wiaan Mulder, Kyle Verreynne, Ryan Rickelton, Dane Paterson, Kagiso Rabada, Keshav Maharaj, Kwena Maphaka Pakistan squad - Abdullah Shafique, Babar Azam, Kamran Ghulam, Saud Shakeel, Shan Masood, Aamer Jamal, Saim Ayub, Salman Agha, Haseebullah Khan, Mohammad Rizwan, Khurram Shahzad, Mir Hamza, Mohammad Abbas, Naseem Shah, Noman Ali South Africa vs Pakistan Match Details 2nd Test (Day1) of Pakistan tour of South Africa, 2024/25 between South Africa and Pakistan to be held at Newlands, Cape Town at 02:00 PM.

personal loans will face increased scrutiny starting in the new year. A new rule requires lenders to update credit information every 15 days, instead of monthly. This change makes it harder for individuals to qualify for multiple loans simultaneously.

The NSE Nifty index was trading 150.75 points down at 24037.9, while BSE Sensex was 536.61 points at 79407.1 at the time of writing this report.