India News Get -BusinessBusiness News Update; Stock Market, Gold Silver, Diesel Petrol Price Today, Noel Tata, Ratan Tata
The big news yesterday was related to Tata Trust. Noel Tata, 66, will now be chairman of the “Tata Trust”. He is already a trustee of two family trusts. Noel is Ratan Tata’s half-brother. After Ratan Tata’s death on October 9, Noel was the only suitor.
The central government collected a net direct tax of Rs 11.25 lakh crore from April 1 to October 10. In this, the corporate tax is Rs 4.94 lakh crore and the personal income tax is Rs 5.98 lakh crore.
Before the big news of tomorrow, the big events of the day to watch…
The stock market will remain closed today due to the public holiday on Saturday. D-Mart’s second quarter results will not change. Prices of gasoline and diesel.
Now read tomorrow’s big news…
1. After Ratan Tata, half-brother Noel will take over Tata Trust: Already included in two family trusts, choice of the Parsi community; He said: I will continue the legacy.
Noel Tata, 66, will now be chairman of the “Tata Trust”. He is already a trustee of two family trusts. Noel is Ratan Tata’s half-brother. After Ratan Tata’s death on October 9, Noel was the only suitor. Although his brother Jimmy’s name was also brought up, he has already retired.
Noel’s name was agreed at the trust meeting in Mumbai. Tata Trust said in an official statement: “His appointment will take effect immediately.”
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2. The government has collected ₹11.25 lakh crore in direct tax so far: 18% more than last year, a refund of ₹2.31 lakh crore has also been issued.
The central government collected a net direct tax of Rs 11.25 lakh crore from April 1 to October 10. In this, the corporate tax is Rs 4.94 lakh crore and the personal income tax is Rs 5.98 lakh crore.
The Income Tax department had collected a direct tax of Rs 9.51 lakh crore this time a year ago (as of October 10, 2023). There was an increase of 18.35% on an annual basis.
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3. The country’s foreign exchange reserves fell for the first time in 8 weeks: they amounted to 701 billion dollars and reached a record level last week.
India’s foreign exchange reserves fell 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 fell from a record low to $701.18 billion.
Foreign exchange reserves decreased by $3.71 billion this week. And over the last seven weeks, there’s been a total growth of about $35 billion. Last week, it reached a record high of $704.89 billion.
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4. Tesla’s first autonomous robot taxi revealed: Cybercab equipped with AI function will operate without a driver, Cybervan also presented.
Electric vehicle manufacturer Tesla unveiled its first “Cybercab” robot taxi on Friday. At the ‘V-Robot’ event held in California, USA, the company’s CEO Elon Musk introduced the AI-enabled robotaxi.
This two-seater taxi has no steering or pedals. Consumers will be able to buy Tesla Cybercab for less than $30,000 (around Rs 25 lakh). Elon Musk expressed hope that Cybercab production would start before 2027.
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5. The wealth of the richest 100 exceeds ₹90 lakh crore for the first time: The wealth of big industrialists increased by 40% in a year, double from 2020
The wealth of the country’s top 100 richest has crossed Rs 90 lakh crore for the first time this year. In a year, his wealth increased by over 40% to Rs 93.64 lakh crore. Compared to 2020, his wealth has more than doubled. Compared to 2023, his total wealth increased by Rs 26.50 lakh crore.
Interestingly, the increase in wealth of the 100 richest Indians this year is due more to the rise in stocks than to the increase in profits of their companies. Sensex is up around 30% in a year. According to the Forbes report “India’s 100 Richest 2024”, more than 80% of the richest Indians in the top 100 have become richer than before. Among them, the wealth of 58 people increased by over $1 billion or Rs 8,397 crore.
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