August tax data, core sector show the economy is in fine fettle; SEBI extends timeline for verification of market rumours by listed entities & more

August tax data, core sector show the economy is in fine fettle; SEBI extends timeline for verification of market rumours by listed entities & more

#TopStories

August tax data, core sector show economy is in fine fettle

Two pieces of data that came out on the last working day of the half year, indicate that Indian economy is growing in top gear: 1. The growth in taxes in August in particular and in April- August in general and 2. The growth in the core sector in August.

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SEBI extends timeline for verification of market rumours by listed entities

Capital market regulator Securities and Exchange Board of India (SEBI) has extended the timeline for verification of market rumours by listed entities. The watchdog said market rumours have to be verified and confirmed, denied, or clarified by the top 100 listed entities by market capitalisation by February 1, 2024, and by the top 250 listed entities by August 1, 2024.

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96% of Rs 2,000 banknotes returned by Sep 30; RBI allows exchange at bank counters till Oct 7

The Reserve Bank of India (RBI) announced on Saturday that the date for deposit or exchange of Rs 2,000 banknotes at bank branches has been extended till October 7, 2023. The banks were earlier advised to provide deposit and exchange facility for Rs 2,000 banknotes till September 30, 2023.

The RBI also noted in its statement on Saturday that a total of Rs 3.42 lakh crore has been received back from the Rs 3.56 lakh crore of Rs 2,000 banknotes in circulation as of May 19, 2023. Thus, 96 percent of the Rs 2,000 banknotes in circulation has since been returned.

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#InDepth

Remembering Mahatma Gandhi and Lal Bahadur Shastri on their birth anniversary



#PersonalFinance

Five personal finance changes to take place in October

A series of changes will come in the personal finance landscape in the month of October. From the new tax collection at source (TCS) rules to birth certificates becoming a single document For Aadhaar and government jobs, these transformations are poised to directly impact the lives of millions across the country.

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Tax calendar for October 2023 — Full list of activities you should complete next month

Effective income tax planning aids in reducing tax liabilities and enhancing savings. There are several tax-related tasks that individuals should undertake in October 2023 to ensure comprehensive planning and mitigate potential consequences. The income tax department has published a comprehensive tax calendar on its website, outlining the due dates for the upcoming month, which people should be aware of.

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#SportsArena

Asian Games: Indian men's, women's teams bag bronze in roller skating

Indian roller skaters clinched two bronze medals in men's and women's 3000m team relay events to match their best ever performance at the Asian Games on Monday.

The women's team of Sanjana Bathula, Karthika Jagadeeswaran, Heeral Sadhu and Aarathy Kasturi Raj opened India's account on the ninth day of competitions, finishing with a timing of 4:34.861s.

The Indian quartet finished behind gold medallists Chinese Taipei (4:19.447) and South Korea (4:21.146).

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#TravelWithCNBCTV18

Best traditional foods in the world: 5 Indian dishes make the cut

TasteAtlas, an international online food guide, released a list of the best traditional foods in the world. Unsurprisingly, Indian cuisine gets a mention in this list; five times to be precise. Let’s take a look at which Indian dishes top the list of best traditional foods.

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Cricket World Cup drives up accomodation bookings, room tariffs in host cities

The upcoming cricket World Cup is driving up bookings for accomodations in host cities, specially where India is slated to play, thereby pushing up room tariffs, according to travel and hospitality players. Ahmedabad, Hyderabad, Bangalore, Delhi, Kolkata and Dharamshala are among the cities which have witnessed a surge in demand, as per booking trends of MakeMyTrip, OYO and Yatra Online.


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#CNBCTV18NextGen

Why Gen Z is crazy about live fests — with small brands having some fun too

As pandemic restrictions eased, the fest culture boomed worldwide. Besides YouTube's announcement of its Fanfest going offline from September 27, Spotify organised a rap fest last year, and Tinder hosted the Queer Made Weekend. The real sense of community in fests, as against arid virtual life, is giving Gen Z the incentive to rush to fests. In a win-win for all, content creators, influencers and self-made brands are presenting their products to a live young audience lusting for varied experiences.

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This 24-year old Mumbai entrepreneur expects Rs 8 crore this year selling hip hop jewellery

This 24-year old Mumbai entrepreneur expects Rs 8 crore this year selling hip hop jewellery The tragedy of losing his dad at 18 drove Harsh Maskara to entrepreneurship. He launched his brand called The Drip Project in 2021, which caters to the booming hip-hop jewellery market in India. It is on track to an annual turnover of Rs 8-9 crore in FY2023-24. CNBC-TV18NextGen caught up with Maskara to talk about his journey and the hip-hop jewellery craze in India. But first, the all-important question: What is hip-hop jewellery?

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