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- Business News Update; Share Market, Gold Silver, Petrol Diesel Price Today, Noel Tata, Ratan Tata
New Delhi5 days ago
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Yesterday’s big news was related to Tata Trust. 66 year old Noel Tata will now be the chairman of ‘Tata Trust’. He is already a trustee of two family trusts. Noel is the half brother of Ratan Tata. After the death of Ratan Tata on October 9, Noel was the only contender.
The central government has collected net direct tax of Rs 11.25 lakh crore from April 1 to October 10. In this, corporate tax is Rs 4.94 lakh crore and personal income tax is Rs 5.98 lakh crore.
Before tomorrow’s big news, today’s major events to keep an eye on…
- The stock market will remain closed today due to Saturday holiday.
- D-Mart’s second quarter results will be released.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. After Ratan Tata, step brother Noel will take over Tata Trust: Already included in two family trusts, choice of Parsi community; Said- I will carry forward the legacy.
66 year old Noel Tata will now be the chairman of ‘Tata Trust’. He is already a trustee of two family trusts. Noel is the half brother of Ratan Tata. After the death of Ratan Tata on October 9, Noel was the only contender. Although his brother Jimmy’s name was also in discussion, he has already retired.
Noel’s name was agreed upon in the trust meeting in Mumbai. Tata Trust said in an official statement, ‘His appointment will be with immediate effect.’
Click here to read the full news…
2. Government has collected ₹11.25 lakh crore direct tax so far: 18% more than last year, refund of ₹2.31 lakh crore also issued.
The central government has collected net direct tax of Rs 11.25 lakh crore from April 1 to October 10. In this, corporate tax is Rs 4.94 lakh crore and personal income tax is Rs 5.98 lakh crore.
The Income Tax Department had collected direct tax of Rs 9.51 lakh crore at the same time a year ago (by October 10, 2023). There has been an increase of 18.35% on annual basis.
Click here to read the full news…
3. The country’s foreign exchange reserves fell for the first time in 8 weeks: came to $701 billion, had reached a record high last week.
India’s foreign exchange reserves have declined for the first time in eight weeks. The Reserve Bank of India i.e. RBI released the data on Friday (October 11) and said that India’s foreign exchange reserves have fallen from a record high to $ 701.18 billion.
Foreign exchange reserves have declined by $3.71 billion this week. And in the last seven weeks there was a total growth of about 35 billion dollars. Last week it had reached a record high level of $ 704.89 billion.
Click here to read the full news…
4. Tesla’s first autonomous robo taxi revealed: Cybercab with AI feature will run without a driver, Cybervan also introduced.
Electric vehicle maker Tesla company on Friday revealed its first robotaxi ‘Cybercab’. In the ‘V-Robot’ event held in California, USA, the company’s CEO Elon Musk introduced the robotaxi with AI feature.
This two-seat taxi has neither steering nor pedals. Consumers will be able to buy Tesla Cybercab for less than $30,000 (about Rs 25 lakh). Elon Musk expressed hope that production of Cybercab would start before 2027.
Click here to read the full news…
5. Wealth of top-100 rich crosses ₹ 90 lakh crore for the first time: Wealth of big industrialists increased by 40% in a year, double as compared to 2020
The wealth of the country’s top 100 rich crossed Rs 90 lakh crore for the first time this year. In one year his wealth increased by more than 40% to Rs 93.64 lakh crore. Compared to 2020, his wealth more than doubled. Compared to 2023, his total wealth increased by Rs 26.50 lakh crore.
Interestingly, the increase in the wealth of the 100 richest Indians this year was due to the rise in stocks more than the increase in profits from their businesses. Sensex has increased by about 30% in one year. According to the Forbes report ‘India’s 100 Richest 2024’, more than 80% of the richest Indians in the top-100 became richer than before. Of these, the wealth of 58 people increased by more than 1 billion dollars i.e. Rs 8,397 crore.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
Know the condition of tomorrow’s share market and gold and silver…
Know the latest price of petrol, diesel and gas cylinder…
