Latest news with #AparnaDeb
News18
7 hours ago
- Business
- News18
Bank Holiday Tomorrow: Will Banks Remain Closed On June 6 Or 7 In Your City? Check List
Last Updated: National Holiday On June 6: Banks across several parts of India will remain closed for two days this week in observance of Eid-ul-Ad'ha Bank Holiday June 6: Banks across several parts of India will remain closed for two days this week in observance of Eid-ul-Ad'ha (Bakrid) and Bakri ID (Id-Uz-Zuha). As per the Reserve Bank of India (RBI)'s holiday calendar, public sector and private sector banks will be closed on June 6 and June 7. Additionally, banks nationwide will remain shut on Sunday, June 8, due to the regular weekly holiday. Customers and account holders are encouraged to check the RBI's holiday calendar regularly, as bank holidays in India vary by state and are influenced by national, regional, and religious festivals. Some holidays are nationwide, while others are specific to certain states. June 2025 Bank Holiday Schedule June 6 (Friday): Banks in Thiruvananthapuram and Kochi will be closed to mark Bakrid, an Islamic festival commemorating Prophet Ibrahim's devotion and willingness to sacrifice his son. June 7 (Saturday): Most banks across the country will remain closed for Bakrid, except in Ahmedabad, Gangtok, Itanagar, Kochi, and Thiruvananthapuram. These cities will have normal banking operations since it's the first Saturday of the month (only second and fourth Saturdays are bank holidays). June 8 (Sunday): Nationwide bank holiday as part of the regular Sunday closure. top videos View All Are online banking services available? Yes, online banking services will be fully functional on these days. Customers can carry out financial transactions using UPI, internet banking, and mobile banking services. Facilities like money transfers (NEFT/RTGS), demand drafts, cheque book requests, and card services will remain accessible online, even on these bank holidays. About the Author Aparna Deb First Published: June 05, 2025, 10:13 IST Latest News iPhone 17 Display Upgrades Could Miss Out On This Useful Feature: How It Matters Tech Agency feeds HC-CASES Agency feeds Rupee falls 9 paise to 85.96 against US dollar in early trade Agency feeds Man kills wife in Thane, absconds; police launch probe Agency feeds Sunny morning in Delhi, rain likely latest news
News18
a day ago
- Business
- News18
ITR E-Filing FY2024-25: ITR-1 And ITR-4 Enabled For Online Filing; Check Who Can File?
Last Updated: The Income Tax Department has activated the online utility for e-filing income tax returns for the financial year 2024-25 The deadline to file ITR is September 15, 2025. Income Tax Return Online Filing 2025: The Income Tax Department has activated the online utility for e-filing income tax returns for the financial year 2024-25 (assessment year 2025-26). Eligible taxpayers can now start filing their ITRs through the official e-filing portal. Currently, only ITR-1 and ITR-4 forms are enabled for online filing. Taxpayers needing to file ITR-2 or ITR-3 must wait until those forms are enabled. Choosing the correct ITR form is crucial for compliance and avoiding penalties. ITR-1 (Sahaj) Can be filed by a resident individual whose: Total income is up to ₹50 lakh. Income is from salary, one house property, family pension, and other sources (including interest income). Long-term capital gains (LTCG) up to ₹1.25 lakh under Section 112A. Agricultural income up to ₹5,000. ITR-4 (Sugam) For resident individuals, HUFs, and firms (other than LLP) with: Total income up to ₹50 lakh. Income from business/profession under presumptive taxation (Sections 44AD, 44ADA, or 44AE). Income from salary/pension, one house property, agricultural income up to ₹5,000. LTCG up to ₹1.25 lakh under Section 112A. When Will You Receive Form 16? Form 16 is vital for salaried taxpayers. Employers must issue it by June 15, 2025. While e-filing has begun, tax experts recommend waiting for Form 16 before filing. How to File ITR Online: Step-by-Step Though online e-filing is expected to open soon, here's the general process: Visit the e-filing portal and log in using PAN (User ID) and password. New users can register with PAN, Aadhaar, and contact details. Choose the Correct ITR Form Select the appropriate form (e.g., ITR-1 for salaried individuals). Go to the 'Income Tax Return' option under the e-File tab. Pre-fill and Validate Upload Documents Typically, documents like Form 16 are not uploaded but should be used to verify accuracy. Submit and Verify Complete filing and e-verify using Aadhaar OTP, net banking, DSC, or bank account EVC. About the Author Aparna Deb Aparna Deb is a Subeditor and writes for the business vertical of She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
News18
a day ago
- Business
- News18
Tata Technologies Shares Down 2.5% As TPG Likely Offloads 2.1% Stake Via Block Deal
Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Around 86 lakh shares, representing 2.10% of the company's overall equity, changed hands in the transaction, as per exchange data. On Tuesday, CNBC-TV18 reported that US-based private equity firm TPG planned to sell up to a 2.1% stake in the company through block deals. The offer price was reportedly set at Rs 744.5 per share, marking a discount of up to 3% from Tuesday's closing price. The buyers and sellers in this transaction have not been officially disclosed. As of the March quarter, TPG Rise Climate held a 6.01% stake in Tata Technologies. The company recently announced its March quarter results. Revenue declined slightly from the previous year to Rs 1,286 crore, while EBITDA slipped 2% year-on-year to Rs 233.5 crore, with the margin narrowing to 18.2%. advetisement Despite this, Tata Technologies reported a 20% year-on-year rise in consolidated profit after tax (PAT) to Rs 189 crore in Q4FY25, up from Rs 157 crore a year earlier. The company maintained tight control over its expenses, which stood at Rs 1,088 crore for the quarter—lower than Rs 1,119 crore in Q3FY25 and Rs 1,094 crore in the same period last year. This cost discipline supported double-digit profit growth on both a YoY and QoQ basis. Additionally, the board approved a final dividend of Rs 8.35 per equity share, along with a one-time special dividend of Rs 3.35, totaling Rs 11.70 per share for the financial year ended March 31, 2025. Tata Technologies shares ended Tuesday's session at Rs 768 on the NSE, down Rs 6.30 or 0.81%. The stock has underperformed the broader market, falling 26% over the last year and declining 13% so far in 2025. In contrast, the Nifty index has gained 5.5% and 3.4% over the same periods, respectively. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Aparna Deb Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: June 04, 2025, 10:26 IST
News18
a day ago
- Business
- News18
Stock Market Updates: GIFT Nifty Hints At Flat Open; RBI MPC Starts Today
Last Updated: Sensex Today: GIFT Nifty hints at flat open; Asian markets rise Sensex Today: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting, starting today, along with India and US May Services PMI data, positive global cues, and institutional activity, are expected to support gains in benchmark indices Sensex and Nifty. At 8:10 AM, GIFT Nifty futures were up by 49 points at 24,724, hinting at a firm start for domestic equities. A Business Standard poll suggests that the RBI's six-member MPC is widely anticipated to cut the repo rate by 25 basis points to 5.75 per cent. Interestingly, State Bank of India (SBI) has forecast a more aggressive 50-basis-point cut. The three-day MPC meeting begins today, June 4, with the policy decision set to be announced on Friday, June 6. Global Cues Asian markets advanced on Wednesday, mirroring Wall Street's overnight rally driven by gains in tech stocks, especially chipmakers like Nvidia. Nvidia jumped nearly 3 per cent, extending Monday's rally and briefly surpassing Microsoft to become the world's most valuable company by market capitalisation. Other semiconductor stocks also moved higher, with Broadcom and Micron Technology gaining over 3 per cent and 4 per cent, respectively. advetisement South Korea's Kospi surged 1.85 per cent to a 10-month high as markets reopened after opposition leader Lee Jae-myung's presidential election victory. Japan's Nikkei rose 0.94 per cent, and Topix was up 0.43 per cent. Australia's ASX200 gained 0.70 per cent ahead of the release of Q1 GDP data. Economists polled by Reuters expect a 1.5 per cent year-on-year expansion, compared to 1.3 per cent in the previous quarter. Meanwhile, US futures traded flat after Tuesday's gains, buoyed by solid economic data and optimism in the tech sector. The S&P 500 advanced 0.58 per cent, the Dow Jones added 0.51 per cent, and the Nasdaq climbed 0.81 per cent, reflecting a resilient labour market despite concerns about tariffs. About the Author Aparna Deb Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. tags : sensex First Published: June 04, 2025, 09:10 IST News business » markets Stock Market Updates: GIFT Nifty Hints At Flat Open; RBI MPC Starts Today
News18
3 days ago
- Automotive
- News18
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On June 2
Petrol, Diesel Price On June 2: Check City-Wise Rates Across India Including In Delhi, Mumbai And Kolkata Petrol and Diesel Prices on June 2, 2025: Oil marketing companies (OMCs) revise petrol and diesel prices daily at 6 AM, reflecting fluctuations in global crude oil prices and currency exchange rates. These regular updates ensure transparency and provide consumers with the most accurate and current fuel price information. Petrol Diesel Price Today In India Check city-wise petrol and diesel prices on June 2: Key Factors Behind Petrol and Diesel Rates Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments. advetisement Oil Marketing Companies (OMCs) update fuel prices daily at 6 a.m., adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps. Key Factors Influencing Fuel Prices in India Crude Oil Prices: Global crude oil rates are a primary driver of fuel prices, as crude is the main input in petrol and diesel production. Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices. Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences. Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency. Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends. How to Check Petrol and Diesel Prices via SMS You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by 'RSP" to 9224992249. BPCL customers can send 'RSP" to 9223112222, and HPCL customers can text 'HP Price" to 9222201122 to receive the current fuel prices. About the Author Aparna Deb Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published: June 02, 2025, 07:19 IST
