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Amidst problems being reported in the income tax filing e-portal, the Earnings Tax Department has stated that it is continually engaged with Infosys ... Earnings tax department has said it is engaged with Infosys to deal with e-filing portal issuesAmid problems being reported in the earnings tax filing e-portal, the Income Tax Department has said that it is continuously engaged with Infosys, which is the provider for the site, to guarantee smooth filing experience for taxpayers.Despite issues, more than one crore taxpayers have filed their returns for evaluation year 2021-22, using the portal, it informed.Ever considering that the portal was released on June 7, 2021, several taxpayers experienced troubles in filing their returns, prompting the Finance Ministry to take up the matter with Infosys. The software giant has been asked to repair the problems in the portal by September 15, 2021. In a declaration provided by the Finance Ministry, it was informed that it is regularly keeping an eye on the resolution of problems with Infosys Ltd which is the managed services provider for the job . The ministry said that in spite of the glitches, over 8.83 crore distinct taxpayers had gone to the portal till September 7, 2021, with a daily average of over 15.55 lakh users in September, 2021. The tax return (ITR) filing has actually increased to 3.2 lakh daily in September, 2021 and 1.19 crore ITRs for evaluation year 2021-22 have actually been filed. Of these, over 76.2 lakh taxpayers have actually used the online utility of the website to file the returns, the declaration said.It even more notified that a number of technical concerns are being gradually attended to and there has been a favorable pattern reflected in the statistics of the various filings on the portal. In addition to this, more than 94.88 lakh ITRs have also been e-verified, which is necessary for processing by the Centralized Processing Centre. Of this, 7.07 lakh ITRs have actually been processed, the department informed.Also Aadhaar- PAN linking has been done by 66.44 lakh taxpayers and over 14.59 lakh e-PAN have been allotted, the ministry stated.
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Reserve Bank of India found that the state-run lender, UCO Bank was not in breach of its rules on regulatory capital, bad loans, and leverage ratio and lifted the PCA framework restrictions...
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Sansera Engineering is the 39th company to hit IPO markets this year and is planning to raise Rs 1,282.90 crore via IPO ... Sansera Engineering, the Bengaluru-based auto element maker, will be selling its equity shares via initial public offering (IPO) from September 14. Sansera Engineering's IPO is a market wherein its existing shareholders and promoters are selling 17,244,328 shares of stated value of Rs 2 each. Sansera Engineering has actually repaired cost band of Rs 734 to Rs 744 per share. A retail investor can put quote in lot size of 20 shares for maximum of 13 lots. At the upper price band one great deal of Sansera Engineering shares in the IPO will cost Rs 14,880. Sansera Engineering is the 39th business to strike IPO markets this year and is planning to raise Rs 1,282.90 crore through IPO. The function of the IPO is to carry out sell by the selling shareholders and to attain the benefits of listing the equity shares on the Stock Exchanges. Sansera Engineering's promoters Subramonia Sekhar Vasan, Unni Rajagopal Kothenath, Fatheraj Singhvi and Devappa Devaraj together with its shareholders Client Ebene Limited, CVCIGP II Staff member Ebene are selling shares in the three-day share sale Shares worth Rs 9 crore are booked for employees which will be used to eligible workers at a discount rate of 5 per cent. ICICI Securities Limited, IIFL Securities Ltd and Nomura Financial Advisory And Securities are the book running lead managers to the concern while Link Intime India is the registrar to the issue.
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UCO Bank shares advanced as much as 16% to hit an intraday high of Rs 14.85 after the RBI removed it from its prompt corrective action (PCA) list ... UCO Bank was put under the PCA framework in 2017 due to bad financial health of the bank.Shares of the Kolkata-based UCO Bank increased as much as 16 percent to hit an intraday high of Rs 14.85 after the Reserve Bank of India eliminated the bank from its prompt corrective action (PCA) list after a space of four years. RBI discovered that the state-run loan provider was not in breach of its guidelines on regulatory capital, bad loans, and utilize ratio, according to a declaration launched by the RBI on Wednesday.UCO Bank was placed under the PCA structure in 2017 due to bad monetary health of the bank. UCO Bank had a really high ratio of bad loans. In 2017 UCO Bank's net non-performing assets as a portion of overall advances stood at 8.94 percent. Under RBI guidelines, timely corrective action is activated if a bank's net NPL ratio crosses 6 per cent.The central bank, in its circular, added that UCO Bank has actually dedicated to abiding by its norms of minimum regulative capital, net NPA (non-performing assets) or bad loans, and take advantage of ratio on an ongoing basis.UCO Bank has likewise apprised the RBI of the systemic and structural enhancements that it has put in location which would assist the bank to satisfy the commitments.As of 11:53 am, UCO Bank shares traded 11 per cent higher at Rs 14.19, exceeding the Sensex which was trading on a flat note.
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The Railway Ministry, along with its special purpose vehicles - Rail Land Development Authority (RLDA), and Indian Railways Station Development Corporation (IRSDC) with various stakeholders regarding......
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The Indian fintech sector is set to witness three-times growth in regards to worth by 2025 to reach Rs 6,20,700 crore ... Fintech sector in India is most likely to grow by three times by 2025Owing to several initiatives taken by the federal government, the fintech sector is set to witness three-times growth in regards to value by 2025 to reach Rs 6,20,700 crore. This was stated by Minister of State for Financing Bhagwat Karad, who was dealing with a virtual event arranged by market body Assocham. In 2019 India's fintech market was valued at Rs 1,92,000 crore. By 2025, it is anticipated to become a Rs 6,20,700 crore market. Skilled labor force and technological enormity in India makes it a terrific location to establish financial technology, he said.The junior minister for finance included that India has been on top of the rankings in terms of digital deals, which have actually crossed more than 25 billion.Referring to the fintech community offered in the country, Mr Karad stated that access to bank accounts under the Pradhan Mantri Jan Dhan Yojana, digilockers and scalable platforms including UPI provide a lot of scope to the financial market. The government is making efforts to construct a strong and safe technology environment and we are confident that the general public personal partners will increase monetary addition and provide modern-day financial services for all Indians, the minister said.Financial Inclusion has actually also played an important role throughout the pandemic for cash transfer to bad and vulnerable sections of society, he included.
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Shares of Tata Consultancy Solutions (TCS) - rose as much as 0.9 per cent to strike an intraday high of Rs 3,797.40 ... TCS will modernize Avianca's IT infrastructure.Shares of the nation's biggest information technology business - Tata Consultancy Provider (TCS) - increased as much as 0.9 per cent to hit an intraday high of Rs 3,797.40 after the company post market hours on Wednesday stated that Avianca, one of the leading airlines in South America, selected TCS as a strategic partner in its cloud transformation journey. TCS will modernize Avianca's IT facilities and build a brand-new future-ready cloud-based digital core on Microsoft Azure. Leveraging its deep domain knowledge of the airline company market and its substantial experience in successfully carrying out large transformation programs, TCS will help the airline company migrate 129 core applications to the cloud and will also manage the brand-new cloud estate, TCS stated in a press release.The business will utilize its exclusive automation tools and accelerators to drive this transformation, lowering the time-to-market and providing exceptional service outcomes. These consist of TCS Cloud Counsel, a digitized cloud candidature evaluation toolset, and TCS Cloud Mason which helps organizations quickly define, style and deploy cloud fundamental platforms, TCS said. The new digital core will provide an integrated environment that will improve Avianca's service agility, functional resilience, versatility and future-readiness. Additionally, the cloud-based facilities will have a substantially decreased carbon footprint that will help Avianca get closer to its sustainability objectives, TCS added. Technology is certainly a really essential element of our new vision, that is why we wish to provide the very best innovation available for our skill and consumers, stated Michael Ruplitsch, Chief Info Officer, Avianca.As of 11:15 am, TCS shares traded 0.12 percent greater at Rs 3,778, outperforming the Sensex which was trading marginally lower.
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Healthy inflows in new fund offers (NFOs) assisted in mutual funds getting an investment of Rs 8,666 crore in August 2021 ...
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The federal government approved the production-linked reward (PLI) scheme worth Rs 10,683 crore for the fabrics sector on Wednesday, September 8, in order to improve domestic manufacturing and exports ...
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From October 1, 2021 onwards, the existing cheque books of Oriental Bank of Commerce (OBC) and United Bank of India (UBI) will be ceased ... PNB has actually said old cheque books of Asian Bank and United Bank will end up being void from October 1From October 1, 2021 onwards, the existing cheque books of Asian Bank of Commerce (OBC) and United Bank of India (UBI) will be discontinued.Punjab National Bank (PNB) has tweeted this info, saying that all customers who have cheque books of OBC and UBI, ought to get them changed as soon as possible.Both OBC and UBI had merged with PNB in April 2020, nevertheless cheque books of these two erstwhile banks were continuing till now. The old cheque book of eOBC and eUNI are going to be discontinued from October 1, 2021. Please change your old cheque book of e-OBC and e-UNI with the PNB cheque book with updated PNB IFSC and MICR, PNB tweeted from its main account.Customers required to do so, can request for brand-new cheque books through ATMs, internet banking and also with the help of PNB call centres. Get your new cheque book from your branch or apply through ATM/IBS/PNB ONE. All customers are asked for to utilize brand-new PNB cheque book with updates PNB IFSC and MICR only from now onwards to avoid any transactional trouble. Please contact our toll-free number 1800-180-2222 for any assistance or query, it even more said.
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The National Payments Corporation of India entered into an understanding with Fiserv, Inc, to launch a plug-and-play RuPay charge card stack - 'nFiNi' for banks and fintechs ...
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The broader markets are, nevertheless, outperforming their largecap peers, with the BSE Midcap index and BSE Smallcap index gaining 0.33 percent each ...
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Infosys has revealed a multi-year strategic partnership with international media firm Economist Group to speed up sustainability options ...
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Rupee Vs Dollar Rate Today: At the interbank forex market, the domestic unit opened at 73.48 and dropped to a low of 73.70 throughout the trading session ... Rupee Vs Dollar Today: The rupee settled at 73.60 versus the dollarContinuing its losing streak for the 3rd straight session, the rupee depreciated 18 paise against the US dollar on Wednesday, September 8, to settle at 73.60 (provisionary), tracking a stronger American currency and muted trend in domestic equities. At the interbank foreign exchange market, the domestic unit opened at 73.48 and dropped to a low of 73.70 during the trading session.In an early trade session, the domestic currency slipped 13 paise to 73.55 against the greenback. The regional system closed at 73.60 against the dollar, down 18 paise against its previous close. Meanwhile, the dollar index, which evaluates the greenback's strength versus a basket of 6 currencies, was trading 0.23 percent greater at 92.72. Mr Amit Pabari, MD, CR Forex: Globally, a rise in treasury yields to a seven-week high of 1.385 percent amid issues over the spread of delta variant and its impact on international financial recovery caused the dollar to rebound near 92.50 levels despite weaker than expected tasks data. Traders now wait for out of work claims data on Thursday and producer rates on Friday for a further update on the US financial healing. Locally, after gaining practically two percent throughout August over the start of September, the rally for an appreciation in rupee seems to be fading. In the previous session rupee traded at 73.40 after touching 72.90 last week in the middle of FII outflows, panic importer buying, and RBI intervention. In addition, the rising fears of the 3rd wave might lead to localized lockdowns and hurt rupee hereon. Looking ahead, for USDINR set 73.50-60 remains a crucial resistance to identify the method forward for the rupee. Anindya Banerjee, DVP, Currency Derivatives - Interest Rate Derivatives at Kotak Securities: The rupee saw a follow through on the way up simply ahead of noon repair, as risk-off beliefs prevailed in equity markets on the back of news of a possible default by second-largest property developer in China, Evergrande.Corporate outflows were kept in mind on the back of dividend payments. Dollar selling from exporters and FPIs topped the advance and pushed the pair from 73.70 to 73.60 at close of spot. Bias stays of a range in between 73.00 and 74 on area. Kshitij Purohit, Lead International - Products at CapitalVia Global Research Study Limited: The USD/INR exchange rate opened the day at 73.1250, the same from the previous day's surface. The currency pair is most likely to rise somewhat this week, owing to a drop in regional stocks and an absence of momentum in dollar sales from exporters.Broad-based getting across numerous sectors propelled local equities to new highs, and we can now anticipate a technical drop this week from the BSE Sensex and Nifty 50's lifetime highs. Throughout the course of this week, we should anticipate to see some earnings booking.The rupee is presently trading slightly lower as traders prefer the dollar due to issues about the international economy's healing following the release of weaker-than-expected United States jobs information, decreasing sentiment for emerging-market properties. After investors postponed expectations of when the United States Federal Reserve will begin asset cutting, the dollar index is again trading at its one-month low. On the domestic front, USD/INR September opened on a flat note and was moving in a strong Bullish trend since morning. The Balanced Triangle candlestick chart pattern that we went over in yesterday's session provided a positive breakout today and that too with sufficient volumes. This offered us a sign that prices might relocate a sustainable Bullish pattern and the same took place. On the domestic equity market front, the BSE Sensex ended 29.22 points or 0.05 percent lower at 58,250.26, while the wider NSE Nifty slipped 8.60 points or 0.05 per cent to 17,353.50. Sahaj Agrawal, Head of Research Study- Derivatives at Kotak Securities: September series sentiment remains positive; wider market involvement has actually also gotten partially. Anticipate up-move to continue and suggest purchasing on dips. Trend support is seen at 16760 while near-term assistance is seen at 17080; on the higher side 17500-17600 can serve as resistance while the medium-term target is seen at 18000. Vehicle and Energy stocks supply value buying opportunities from the trading perspective; choose banking stocks also remain attractive. Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Solutions: There are a variety of industrialized market reserve bank conferences scheduled this week, which would provide higher insight into plans for tapering of possession purchases, which in turn would have ramifications for currency markets in addition to threat properties. As a result, we have seen a pattern of boost in long stock futures positioning by FIIs start to come down over the last three sessions.Since mid - small cap indices are trading near to resistance levels in spite of Cool making new highs, overall market belief remains mindful, and the marketplace advance still controlled by a handful of stocks. Cement and PSU indices appear to have greatest relative strength while Vehicles are the weakest sector in the market overall. According to exchange data, the foreign institutional financiers were net sellers in the capital market on September 7 as they offloaded shares worth Rs 145.45 crore. Brent unrefined futures, the worldwide oil benchmark, rose 0.80 per cent to $ 72.26 per barrel.
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Maruti Suzuki shares have so far this year declined 11.43 per cent sharply underperforming the Sensex which has jumped 22 per cent....
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In the nationwide capital, gas rates were unchanged at Rs 101.19 per litre and diesel rates were consistent at Rs 88.62 per litre, according to Indian Oil Corporation ...
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India's economic growth will remain strong in the coming quarters while inflation is most likely to remain at raised levels, Requirement and Poor's has actually stated ...
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The distillery will make ethanol by making use of sugarcane juice or syrup as its primary feedstock throughout the cane squashing season, and grains such as damaged rice, maize and bajra throughout the... At 12:20 pm, EID Parry India shares were trading greater by 0.6 percent at Rs 407 on BSEEID Parry India will establish a 120 KLPD grain/sugar syrup/molasses-based distillery at Sankili unit in Andhra Pradesh at an estimated financial investment of Rs 92.50 crore. The extra capacity is anticipated to end up being functional by November 2022. The Board of Directors at their conference held today (September 7, 2021), have actually approved the establishing of a 120 KLPD grain/sugar syrup/molasses based distillery at the business's Sankili unit in Andhra Pradesh, EID Parry India stated in a regulatory filing to the stock exchanges.The distillery will produce ethanol by making use of sugarcane juice or syrup as its principal feedstock throughout the cane squashing season, and grains such as damaged rice, maize and bajra throughout the off-season. At 12:20 pm, EID Parry India shares were trading higher by 0.6 percent at Rs 407 on the BSE. The benchmark indices were trading lower by 0.1 percent at the time.
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Infosys and The Economic expert Group have revealed a brand-new tactical collaboration to make it possible for and accelerate sustainability options and drive world-changing effect ...
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The Union Cabinet on Wednesday approved the increase in minimum support price (MSP) of Rabi crops....
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Companies across Wall Street have actually aspired to introduce an exchange-traded fund tracking Bitcoin for almost a years now ... As Bitcoin ETF is likely to get here quickly, concerns are being raised about its importance for investorsFirms throughout Wall Street have actually aspired to introduce an exchange-traded fund tracking Bitcoin for almost a decade now. By the time they possibly succeed this fall, it may be far too late for the product to be useful for daily investors.Since 2013, investment firms have actually argued that the items would make buying Bitcoin easier, eliminating the requirement for complex digital wallets and secrets. As Bitcoin developed, platforms like Robinhood and Coinbase opened up access to anyone with a computer system or wise phone. Throughout all of this, the Securities and Exchange Commission has consistently declined to authorize a Bitcoin ETF, pointing out concerns about the cryptocurrency's infamous volatility and its capacity for rate manipulation. But in August, SEC chair Gary Gensler signified that he's possibly open to an ETF tracking Bitcoin futures.While it may appear like semantics, there are important differences between a fund tracking futures rather of holding actual Bitcoin. The price of Bitcoin futures-- which have actually only existed because 2017 -- tends to track Bitcoin itself. On Monday night Bitcoin traded around $52,500, compared with Bitcoin futures at $52,650. Some people buy the futures to bet on a rate increase, while others utilize them to short the rate of Bitcoin, or hedge their other long positions.For the SEC's purposes, Bitcoin futures likewise provide an additional level of security because they are governed by the Chicago Mercantile Exchange and need financiers to put down cash on margin to trade, as a kind of collateral. For CME Micro Bitcoin futures, investors need to put up a minimum of 35 per cent of the amount that the futures agreement represents. Given that Mr Gensler's comments, a minimum of 7 firms consisting of VanEck and Invesco have applied to release Bitcoin futures products, adding to the more than 2 dozen filings for funds that would physically hold crypto assets.Despite the interest, it's unclear whether specific investors would require an ETF at this point. It's now much easier than ever to open a Robinhood or Coinbase account to buy a coin or a portion of a coin. It's not like buying Bitcoin is hard, said Ben Johnson, Morningstar's international director of ETF research study, about a Bitcoin ETF. A couple of weeks earlier, I resembled, how hard could this be actually? How can I purchase Bitcoin now resting on my couch using my phone? So I purchased some Bitcoin on my PayPal account. Industry specialists state a Bitcoin futures ETF could receive the SEC's approval by October or November. Here are some things to consider if you have an interest in purchasing: What holds true for buying?If you're an institutional investor. While some financiers who own Tesla Inc. shares might not bat an eye at Elon Musk packing up the company's balance sheet with Bitcoin, other companies can't purchase the cryptocurrency as an investment, either due to internal guidelines or since their investors may object. A Bitcoin ETF could help navigate those constraints given that the format is more commonly accepted. There are all sorts of custody and regulatory difficulties for big banks to leap through, said Ross Mayfield, financial investment strategy expert at Robert W. Baird - & Co. If it were offered in an ETF, it clears a great deal of that up for financial institutions. If you want all your investments in one location. Considering that more standard financial investment platforms like that of Vanguard and Charles Schwab don't enable Bitcoin purchases, customers need to browse in other places. A Bitcoin ETF would alter that, given that it might possibly sit right along with holdings of stocks or other ETFs tracking indices like the S&P 500. If you want the SEC's true blessing. For those still doubtful about the Bitcoin market in general, a tried and true format like an ETF could use assurance, according to David Mazza, head of product at Direxion. Lots of people associate purchasing a fund with getting a stamp of approval, he stated. There's convenience in the structure. Mr Gensler has said that a filing through a 1940 law that governs shared funds could be more likely to be approved, because that law has more powerful financier defenses and requires a fund's board to supervise the investments.If you want Bitcoin in your pension. It could be just a method to get Bitcoin into more nooks and crannies than it's able to gain access to today, stated Morningstar's Johnson. In theory, investors could buy the fund for their 401(k)-- and conserve cash in taxes-- if their account offers a brokerage window, to sit alongside other stakes in funds like the Lead S&P 500 ETF and Invesco's QQQ. If you choose active management. Unlike an ETF that really holds Bitcoin, a futures one would need to constantly purchase and sell the agreements to keep exposure, requiring a human behind the scenes. While that would increase the expense of the fund, some financiers may prefer that sort of supervision. Longer term, Nate Geraci, president of the ETF store, anticipates there to be actively managed funds containing a mix of cryptocurrencies that might be changed based upon market conditions. Imagine an ETF that's comprised of 60 per cent Bitcoin, 30 per cent Ether and 10 percent Dogecoin.And what are factors to guide clear?If you don't wish to pay fees for something you can buy yourself. Bitcoin ETFs will likely have expense ratios higher than 1 percent -- meaning the funds will cost you $10 in annual fees for each $1,000 you invest, according to Bloomberg Intelligence. On the other hand, Robinhood provides commission-free trading for cryptocurrencies. For Coinbase, it's a bit more complicated. Costs are determined at the time of purchase by aspects like the size of the order and existing market conditions, however are generally in between 0.5 per cent and 4.5 per cent for trading. Market experts concur that a Bitcoin ETF would likely be more pricey than present crypto trading platforms. There might also be extra expense to futures that are higher than the expense of holding physical Bitcoin, said Matt Hougan, chief financial investment officer of Bitwise Property Management, which creates crypto indexes. If the only ETF we get is futures, I believe you'll see a great deal of retail financiers stick with Coinbase. If you do not want to purchase futures. A big part of everyday investors might not comprehend how the futures market works and might wish to stay away from complex principles like contango and backwardation. With futures-based products, you presented extra expense, more complexity, you have futures contracts that need to be rolled, stated the ETF shop's Geraci. It's simply a sub-optimal option for investors. If you want a wide range of cryptocurrencies. A Bitcoin futures fund won't be useful for somebody who desires stakes in more up-and-coming coins like Cardano and Binance Coin. Some U.S. firms had actually submitted for ETFs tracking Ethereum futures, they just recently withdrew them.If you currently have a Robinhood or Coinbase account or a digital wallet. For those who currently own cryptocurrencies through another platform, an ETF may not benefit their investing goals. Lots of financiers will stick to what they recognize with, stated Sylvia Jablonski, chief investment officer for Defiance ETFs. If an investor is really savvy currently and utilizing a digital wallet, then they'll most likely simply do it straight, she stated.(Other than for the headline, this story has actually not been edited by TheIndianSubcontinent personnel and is released from a syndicated feed.)
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With electricity prices as low as 0.06 cents per kWh, crypto mining is proving to be extremely lucrative in Venezuela, a country riddled by economic uncertainty and a high unemployment rate....
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9 0f 15 sector assesses compiled by the National Stock Exchange ended greater led by the Nifty Bank index's 1 per cent gain ... The equity standards ended on a flat note on Wednesday as gains in banking shares such as Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Axis Bank, State Bank of India and HDFC were offset by profit-booking in Reliance Industries, Tata Consultancy Solutions, Infosys, Larsen - Toubro and Nestle India. The Sensex sold a range of 400 points and Cool 50 index touched an intraday high of 17,383.40 and low of 17,254.20 throughout the day. The Sensex ended 29 points lower at 58,250 and Nifty 50 index slipped 9 points to close at 17,353. 9 of 15 sector assesses compiled by the National Stock market ended higher, led by the Nifty Bank index's 1 per cent gain.Nifty Financial Providers, PSU Bank, Private Bank, Consumer Durables and Realty indices also rose between 0.5-1 per cent.On the other hand, Health care, Real Estate, Pharma, Media and Infotech indices closed lower.Mid- and small-cap shares also experienced buying interest as Nifty Midcap 100 index increased 0.6 percent and Nifty Smallcap 100 index advanced 0.65 per cent.Kotak Mahindra Bank was leading Nifty gainer, the stock rose 3.6 per cent to close at Rs 1,827.80. Power Grid, Grasim Industries, Coal India, NTPC, Titan, Tata Customer Products, HDFC Life and UPL also increased in between 1-2 per cent.On the flipside, Divis' Laboratory, Nestle India, Wipro, SBI Life, Hindalco, Maruti Suzuki, Bajaj Auto, Bajaj Finserv, TCS, Larsen - Toubro and Britannia Industries ended lower.The general market breadth was positive as 1,812 shares ended higher while 1,365 closed lower on the BSE.
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Express 2-Wheeler is a digital and paperless two-wheeler loan facility for clients and will permit the in-principal approval without having to physically visit the branch to submit files ... Express 2-Wheeler is an AI-powered platform to obtain loansThe country's largest two-wheeler financer - Shriram City Union Finance has released an expert system (AI) enabled loaning platform - Express Two-wheeler Loans (E2L), that permits an instant loan approval of up to 100 per cent on the on-road rate of two-wheelers. This is a totally digital and paperless two-wheeler loan center for consumers, which will be offered 24x7 and enable the in-principal approval without needing to physically visit the branch to send documents. Here's how you can make an application for a loan approval through the Express Two-wheeler Loans (E2L) platform: Visit to Shriram City Union FinanceClick on two-wheeler loans - alternative 'Apply now'or download the MyShriramCity App.Step 1: Offer your fundamental detailsStep 2: Select the vehicleStep 3: Mention your monetary detailsStep 4: Submit your documentsStep 5: Get an online voucher (the in-principal sanction letter)Step 6: Visit the dealer for your bike shipment One of the specifying functions of the Express two-wheeler Loans is the BRE supported AI-based tool, which determines eligibility and produces an in-principal sanction letter or coupon. Clients can provide the coupon number to the particular dealer. Clients are offered optimal eligibility, which likewise permits them to select a more expensive brand name if required. The platform will enable both existing and non-Shriram City consumers to obtain immediate two-wheeler loans through our app or site in a totally paperless and digital way. Technology is the foundation of all development at Shriram Group, and we are constantly working towards providing an exceptional client experience, said Mr YS Chakravarti, MD - & CEO, Shriram City Union Finance.On Tuesday, September 7, shares of Shriram City Union Finance settled 2.01 percent higher at Rs 2,364.25 each on the BSE. Shriram City Union Finance opened on the BSE at Rs 2,289.75, signing up an intra day high of Rs 2,408.70 and an intra day low of Rs 2,284.25, throughout the trading session today.
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Cognizant Technology Solutions Corp has actually reached a $95 million settlement to solve a claim implicating the infotech services business of defrauding shareholders by hiding bribes to... Cognizant Innovation Solutions Corp has actually reached a $95 million settlement to solve a suit accusing the information technology services business of defrauding investors by concealing bribes to authorities in India.A preliminary settlement of the proposed class action was filed on Tuesday with the federal court in Newark, New Jersey, and needs a judge's approval.Shareholders accused Cognizant of failing to divulge payments made to acquire authorizations for facilities in special financial zones, including its Indian headquarters in Chennai, where it could enjoy tax and other benefits.Cognizant's share price fell 13.3 per cent on Sept. 30, 2016, after the Teaneck, New Jersey-based business stated it was checking out bribery claims, and whether there were offenses of the federal Foreign Corrupt Practices Act.The defendants, consisting of previous president Gordon Coburn and previous chief legal officer Steven Schwartz, rejected wrongdoing in accepting settle. Cognizant stated it expected insurers to cover a considerable majority of the settlement payment.In February 2019, Cognizant accepted pay $25 million to settle an associated U.S. Securities and Exchange Commission civil probe.U.S. prosecutors likewise charged Coburn and Schwartz that month with FCPA and other offenses. Those criminal cases remain pending.Lawyers for Coburn and Schwartz did not instantly respond on Wednesday to requests for comment.
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NFTs grew by nearly 300 per cent in 2020, according to the NFT Report 2020 published by L'Atelier BNP Paribas and Nonfungible.com ...
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The alliance with LIC Housing Finance becomes part of IPPB's method to broaden its variety of product or services ... LIC Housing Finance will use home loans to customers of India Post Payments BankIndia Post Payments Bank (IPPB) under the Department of Posts and LIC Real Estate Financing Limited on Tuesday revealed a strategic collaboration under which home mortgage products will be offered to more than four crore consumers of India Post Payments Bank.With the help of its extensive network of 650 branches and more than 1,36,000 banking access points, IPPB will make LIC Real estate Finance's home mortgage products available to its clients pan-India, a declaration provided by the Ministry of Communications.According to the pact signed by the two entities, credit underwriting, processing and disbursement for all home mortgage will be handled by LIC Real estate Financing with IPPB responsible for sourcing.The alliance with LIC Housing Financing is part of IPPB's technique to broaden its variety of products and services and to deal with the banking and monetary requirements of varied consumers, especially unbanked and underserved, throughout the country.Currently, IPPB is dispersing various basic and life insurance products through partnerships with leading insurance companies and credit items is a natural extension for the customers at the last mile.LIC Housing Finance offers home mortgage starting from 6.66 per cent for loans up to Rs 50 lakh for salaried individuals. The rate of interest used is linked to the customer's creditworthiness, as shown by their CIBIL ratings.
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ITR Filing 2021-22: The everyday average of taxpayers logging into the earnings tax e-filing portal has increased to 15.55 lakh and the everyday average of ITRs filed has actually increased to 3.2 lakh ... ITR Filing 2021-22: More than 76.2 lakh taxpayers have actually utilized the online utility of the portalAs lots of as 1.19 crore tax return (ITRs) for the existing financial 2021-22 have been submitted up until now and more than 8.83 crore distinct taxpayers have actually logged in to the income tax portal till September 7, said the Central Board of Direct Taxes (CBDT) - the apex body which heads the Earnings Tax (I-T) department. In a statement on Wednesday, September 8, the Income Tax department highlighted that a variety of technical problems on the new ITR website are being gradually dealt with, to solve any complaints at the earliest.The I-T department included that the everyday average of taxpayers logging into the portal has actually increased to 15.55 lakh in September 2021 and the everyday average of returns on earnings applied for the existing fiscal has actually increased to 3.2 lakh. More than 76.2 lakh taxpayers have actually used the online utility of the website to submit the returns, according to the Central Board of Direct Taxes. Approximately 8,285 notifications for the e-proceedings are being issued and as numerous as 5,889 responses were submitted this month on a day-to-day basis.More than 10.60 lakh statutory forms were submitted, including 7.86 lakh TDS statements, to name a few such documents. The Aadhaar- PAN connecting has been done by around 66.44 lakh taxpayers, according to the federal government statement.In 2019, software significant Infosys was offered an agreement to establish the brand-new income tax e-filing website - www.incometax.gov.in, which was introduced on June 7, 2021. Taxpayers reported problems and technical problems because the day of the website's launch.Last month, Financing Minister Nirmala Sitharaman summoned Infosys CEO Salil Parekh over the technical glitches that continue to pester the portal. The finance minister has actually given time till September 15 for resolving all issues.
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The federal government is thinking about allowing foreign institutional financial investment (FII) of up to 20 percent in Life Insurance Corporation ...
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Central Board of Direct Taxes has said that rules have been eased to ensure that document verification of faceless assessees is done electronically....
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