Sun, Nov 17, 2024 12:14 PM
FPIs selling-spree continues; withdraw Rs 22,420 cr from equities in Nov
A Flip by Shubhangi Gupta
Tata Motors expects passenger vehicle retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, with a focus on new model launches and marketing campaigns. The automaker saw a 32% year-on-year increase in PV retail sales in October, and aims to reach 70% electric vehicle penetration in the next two financial years.
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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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