Tue, Feb 27, 2024 12:56 PM
Whirlpool CEO says cut stake in Indian unit due to high valuation, stock
A Flip by Riya Sharma
Gold prices have experienced a significant decline of around 6% since Diwali, driven by a stronger dollar and concerns over US inflation data. The price of 24-carat gold per 10 grams, which was Rs 80,710 on November 1, fell to Rs 74,031 at the last closing. This sharp correction reflects the ongoing global economic pressures impacting commodity markets.
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The Income-Tax (I-T) department has today (November 17) launched a new campaign warning taxpayers of ₹10 lakh penalty if they fail to disclose foreign held assets or income earned from abroad in their ITR, according to a PTI report. The “compliance-cum-awareness campaign” aims to ensure that taxpayers report all information in their Income Tax Return (ITR) for assessment year (AY) 2024-25.
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City gas companies like IGL and Adani Total Gas are considering an increase in CNG prices after supplies of cheaper input gas were cut for the 2nd time in a month. However, government officials are demanding that retailers provide a cost breakup to justify the hike. Effective November 16, the government reduced supplies of low-priced natural gas from old fields to city gas retailers by up to 20%.
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