New forms or old? Clarity on annual company filings soon
The clarification is expected before the peak filing season begins this year. The new forms will be web-based and will enable real-time checking of data keyed in. Key Points
mintTop 10 Pieces of Advice From Warren Buffett’s annual Letters to Shareholders
Warren Buffett, the CEO of Berkshire Hathaway, is one of the most successful investors of our time. But there is more to the Oracle of Omaha. Buffett is an amazing writer as well. Every year he writes an annual letter to the shareholders of Berkshire Hathaway. Key Points
Times of IndiaVoda Idea in advanced talks with vendors for 5G rollout, launch subject to funding
Vodafone Ideas chairman Ravinder Takkar, in turn, has reiterated that the telco remains committed to ramping up 4G coverage and launching 5G. “The company will continue to make investments for expanding 4G coverage and capacity, especially in its 17 priority circles and introduce 5G services once funding is in place,” Takkar said in Vis latest annual report. Key Points
Economic TimesIndia 8th in worst air quality, Lahore most polluted city in subcontinent | List
A total of 118 (90%) out of 131 countries and regions exceeded the WHO annual PM2.5 guideline value of 5 µg/m3. | Latest News India Key Points
Hindustan TimesWhat is the last date to file GST annual return and who should file it?
Goods and Services Tax (GST) annual return has to be filed by every GST registered individual whose annual turnover is over a specified limit. However for filing GST annual return, taxpayers have to file their monthly or quarterly GST return first. GST annual return has to be filed using GSTR 9 and GSTR9C if required. Key Points
Economic Times
Wipro cuts freshers pay by 50 per cent, offers salary package of Rs 3.5 lakh per year
Wipro first promised to pay an annual package of Rs 6.5 lakh to freshers and it is now asking them to settle for almost 50 percent less salary than what it initially offered. Here is the full story. Key Points
India TodayHousehold income limit for micro loans should be raised to ₹5 lakh, demand NBFCs: Report
The last time criteria relating to the annual household income limit for giving micro loans to individual borrowers was revised was in 2022, when it was upped from ₹1.25 lakh in rural areas and ₹2 lakh in urban and semi-urban areas to a uniform ₹3 lakh. Key Points
mintPrince Harry makes debut stand-up appearance for Heroes Benefit in New York
Prince Harry, the Duke of Sussex, made his comedic debut at the 17th annual Stand Up for Heroes Benefit in New York. The event, which focuses on aiding veterans and their families, took a light-hearted turn as the 39-year-old royal entertained the audience with his sense of humor. Key Points
Economic TimesAirtel’s Gopal Vittal earned more than chairman Sunil Mittal in FY23: annual report
As per Airtels latest annual report for FY23, Vittal's gross annual remuneration at Rs 16.84 crore was a tad higher than Mittal's Rs 16.77 crore. Key Points
Economic TimesDatadog tops quarterly estimates on robust bookings, raises annual forecast
Datadog (DDOG.O) on Tuesday topped estimates for third-quarter results and raised its forecast for annual adjusted profit and revenue, driven by demand from customers seeking better security solutions due to increasing cybersecurity threats. Key Points
Reuters
Lieutenant governor Manoj Sinha virtually attends ‘Pratham Puja’ of Amarnath
The annual Amarnath pilgrimage will commence from July 1 and end on August 31. Lieutenant governor Manoj Sinha attended the "Pratham Puja" ceremony through video conferencing and prayed for the well-being of everyone. The J&K government is committed to ensuring the best possible arrangements for the comfort of pilgrims. Key Points
Hindustan TimesIndia’s factory employment crossed pre-pandemic level in FY22, investment also picked up pace
India's factory employment grew by 7% in FY22, surpassing the pre-COVID level, as per the annual Survey of Industries. Investments and output also increased, indicating the country's recovery from the pandemic. The manufacturing sector showed resilience after the adverse effects of the pandemic, with a marginal fall in employment in 2020-21. Key Points
Economic TimesTop entry-level credit cards with low annual fees: Key features, cashback, reward points
Entry-level credit cards often have a minimal yearly cost and offer straightforward advantages like reward points or money. Here is a look at top entry-level credits. Key Points
Economic TimesWall Street bosses turn to AI for appraisals
That's according to Workday, one of the world's largest providers of HR software. The firm in September rolled out a bevy of new products that rely on artificial intelligence to write job descriptions or aid managers in writing up annual reviews of workers' performance. Key Points
Economic TimesWall Street climbs on signs of easing inflation; chip stocks gain
U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s Key Points
Business Today
ET Explains: What is ASI, and what is its connection with GDP?
India swiftly recovered from the Covid-19 pandemic, with employment rising above pre-pandemic levels in 2021-22, according to the latest annual Survey of Industries (ASI). Investment growth also picked up during this period. The ASI measures industrial statistics of registered manufacturing enterprises and provides data on gross value added, output, inputs, invested capital, net income, and profits. The 2021-22 results indicated a sharp recovery in employment, with 17.2 million people employed by enterprises during the fiscal year. The ASI data helps determine the industrial sector's contribution to GDP. Key Points
Economic TimesGovt panel suggests sharp hike in NREGS wage rates, budgetary outlay
A high-level government panel, tasked with recommending changes to make the rural job guarantee scheme more effective, has called for a significant increase in the extant wage rates--over and above the recent annual hike--and the budgetary allocation for the programme. The report was submitted with the rural development ministry in July and is yet to be made public. Key Points
Economic TimesIndia has the most polluted indoors, exceeds the WHO daily PM2.5 air quality levels, says Dyson global dust study
India tops the list in Dyson's annual Global dust study, having the highest average annual PM2.5 levels and worst indoor air quality, especially during winter months. Key Points
India TodayMorning Bid: Bruised bonds relying on disinflation
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
Reuters10 Quotes by Azim Premji on Business and Philanthropy
Azim H. Premji is an Indian business mogul, investor, engineer, and philanthropist who is recognized as a pioneer in the country's IT sector. He is credited with turning Wipro from a producer of vegetable oils into a software giant with a $8.47 billion annual revenue. Key Points
Times of India
UK inflation, highest in Western Europe, falls only a little in March
Despite falling in March, Britain's inflation rate was the highest in Western Europe and the only country in the region to post a double-digit number for last month. The Office for National Statistics said the price of food and non-alcoholic drinks rose by 19.1% in annual terms in March - the biggest such rise since August 1977. Key Points
Economic TimesBanks to gain $36 billion in deposits as govt scraps tax incentives for debt mutual funds
Rising loan demand from companies and consumers has buoyed annual credit growth to 15.7% as of March, compared to a five-year average of 10.3%, according to Reserve Bank of India data. Key Points
FinancialexpressInfosys, HCLTech, Tech Mahindra: Remuneration of IT CEOs crashes in FY23; here's why
The slump in remuneration of CEOs across major Indian IT companies is due to multiple reasons. For example, in the case of Wipro Chairman Rishad Premji’s remuneration, the cuts were due to Wipro underperforming in FY23. Key Points
Business TodayInfosys to roll out average 80% variable pay for Q1
This comes as India's second largest IT firm paid 60% variable last quarter on an average. The company has also not rolled out annual hikes for employees for the year FY23. Previous hikes were paid in July 2022. Key Points
Economic TimesDavos: Climate, conflicts, and economic crises—all big problems converge in this small town
Davos is hosting the annual gathering of global elites, where leaders from around the world come together to address various issues. The World Economic Forum annual Meeting, which has been taking place for over five decades, attracts thousands of attendees and has a rich history of its own. Despite the heavy snowfall and sub-zero temperatures, both skiing enthusiasts and participants in the talkfest are undeterred. Key Points
Economic TimesAsia shares subdued, yen firm as BOJ ponders positive rates
By Wayne Cole SYDNEY (Reuters) -Asian share markets sputtered on Monday while the dollar looked vulnerable ahead of a reading on U.S. inflation that could hasten, or delay, the start of global rate Key Points
ThePrintPharma MSMEs can get govt help to upgrade facilities
The health and family welfare ministry has made good manufacturing practices mandatory for pharma companies. A recent notification by the ministry covered the revised Schedule M rules for good manufacturing practices and requirements of premises, plant and equipment for pharmaceutical products, with provisions for an annual product quality review, risk management and a quality system. Key Points
Economic TimesEAMs discuss Modi-Putin meet, burning issues
Our relations have been very strong, very steady. And I think we have lived up to a special and privileged strategic partnership. This year we have already met six times, and this is our 7th meeting, Jaishankar said, noting that forums like G20, the Shanghai Cooperation Organisation, Asean and BRICS allowed many more regular contacts. Key Points
Economic TimesThe merits of a year-end personal audit: Life Hacks by Charles Assisi
Recency bias can make it easy to lose sight of small achievements, new passions and little victories. But they all build up to bigger change. Key Points
Hindustan TimesGartner lifts annual earnings forecast on stable demand for research, consulting
Information Technolgy Consultant Gartner Inc (IT.N) beat third-quarter results estimates on Friday and nudged up its annual earnings forecast, as it benefits from stable demand for its research and consulting services. Key Points
Reuters
Why an Indian-origin engineer left a Rs 6.5 crore job at Meta
Dedicated Meta engineer of Indian origin resigns after a five-year stint, despite a whopping 6.5 crore annual package. Key Points
India TodayUS economy expands by robust 4.9% in Sept qtr
The US economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace. The Commerce Department said the economy expanded last quarter at the fastest pace in more than Key Points
The Tribune IndiaWashington, D.C. sees 38% surge in homicides, highest in 17 years
D.C. witnessed a 38% increase in homicides, surpassing annual figures from 2004 to 2020. | World News Key Points
Hindustan TimesFrom C-3PO's head to Titanic costumes: Over 1,800 items on sale at annual auction next month
This year, the annual live auction will take place from November 9 to 12. Entertainment memorabilia auctioneer Propstore will sell more than 1,800 items. Key Points
mintPTC Therapeutics announces job cuts to lower annual operating expenses
PTC Therapeutics (PTCT.O) said on Thursday it plans to cut 25% of its workforce, as the drugmaker aims to reduce its yearly operating expenses. Key Points
Reuters
Mukesh Ambani expects to list Jio Financial Services soon
“The new entity is expected to unlock value for shareholders and give them an opportunity to be a part of a new growth platform,” Reliances billionaire chairman Mukesh Ambani in his message to shareholders in the annual report for the financial year that ended Mar. 31. Key Points
Economic TimesCeridian delivers revenue beat on robust demand for payroll services
Ceridian (CDAY.N) slightly raised its annual revenue forecast on Wednesday and surpassed quarterly sales estimates, thanks to strong demand for its human resources and payroll management services. Key Points
ReutersExperian sticks to annual outlook as revenue rises despite weak spots in lending
Experian (EXPN.L) maintained its annual outlook on Thursday, as the world's largest credit data group reported a 5% rise in quarterly revenue despite weaker lending volumes in some of its markets such as the UK. Key Points
ReutersAmarnath Yatra 2023: Amit Shah to hold high-level review meeting to check preparedness
Home Minister will review the preparedness in a series of meetings that include security as well as other aspects linked to the annual pilgrimage. The meeting today will take place around 4 pm. Key Points
FirstpostI am excited to represent India at Cannes: Ahana Mehrotra
Ahana Mehrotra, lifestyle influencer and owner of Kalka Group of Institutions, is set to debut at the 76th annual Cannes Film Festival. She aims to empower and motivate Indian women. | Fashion Trends Key Points
Hindustan Times
Top banks' credit cards with low annual fee
Credit cards with low annual fees: Listed below are the top banks' low annual fee credit cards which are chosen basis the overall value-back they offer in the form of reward points, cashback, discount, etc. across different spending categories. Key Points
Economic TimesCentre's fiscal deficit up to August rises to almost 36% of FY24 target
In absolute terms, the fiscal deficit touched Rs 6.43 lakh crore between April and August, compared with Rs 5.42 lakh crore a year earlier. Until July, the Centres fiscal deficit had touched 33.9% of the annual target, sharply higher than 20.5% a year earlier. Key Points
Economic TimesITC's FMCG biz records 21 pc rise in annual consumer spend at Rs 29,000 cr in FY23
Diversified conglomerate ITC's FMCG business has recorded a 21 per cent rise in annual consumer spend to nearly Rs 29,000 crore in 2022-23, according to the latest annual report of the company. ITC operates in the FMCG space with 25 home-grown brands. Key Points
Economic TimesGST E-invoicing: A new era of efficiency and accountability in Indian taxation
The e-invoicing system has been mandatory for any businesses that report an annual turnover of over Rs 5 crores with effect from 01.08.2023. Key Points
FinancialexpressFiscal deficit until Dec at 55% of annual target
India's fiscal deficit for the first three quarters of the fiscal year reached 55% of the annual target, down from 58.9% the previous year. The fiscal gap until December 2023 stood at ₹9.82 lakh crore, compared to ₹9.92 lakh crore a year earlier. The government maintained control over revenue spending, which eased for the fourth consecutive month in December. Capital spending, however, increased by 37.5% to ₹6.74 lakh crore until December, representing 67.3% of the annual target. The fiscal gap in December alone widened to ₹75,694 crore, more than five times the November level. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/MZ37JRRIVJP6RKBHEZYSXL7TWU.jpg)
National Australia Bank's second-half cash profit falls as inflation persists
National Australia Bank (NAB.AX) on Thursday reported a rise in annual cash profit as it benefited from higher interest rates, but cautioned elevated competition and inflationary pressures that crimped second-half earnings by 10% would persist. Key Points
ReutersHere is the salary HDFC Bank CEO Sashidhar Jagdishan took home in FY23
HDFC Bank CEO and MD, Sashidhar Jagdishan, earned an annual remuneration of Rs 10.55 crore for the year ending March 31, 2023, compared to Rs 6.52 crore earned in 2022, as revealed in the annual report. The package included a basic salary of Rs 2.82 crore, allowances and perquisites of Rs 3.31 crore and a performance bonus worth Rs 3.63 crore. Meanwhile, Executive Director Kaizad Bharucha earned an annual remuneration of Rs 10.03 crore in the same period. Key Points
Economic Times