Author: Legal Parivar

In the 18th match of the Indian Premier League (IPL) 2024, CSK Vs SRH ,Sunrisers Hyderabad (SRH) will host Chennai Super Kings (CSK) at the Rajiv Gandhi International Stadium in Hyderabad. While CSK aims to bounce back after their first defeat of the season against the Delhi Capitals, SRH is looking to regain confidence after their recent loss. Notably, in their last match at the home ground, SRH recorded the highest total in IPL history. Sunrisers and Super Kings have faced each other in 20 matches so far, with CSK emerging victorious in 15 encounters, while SRH has won only…

Gold prices took a breather on Friday following a surge to historic highs in the previous session amid expectations of lower U.S. interest rates this year, with traders awaiting further signals from an important jobs report scheduled later in the day. Key Points:

The Ministry of External Affairs (MEA) confirmed the safety of two Indian nationals who were uncontactable after the Taiwan earthquake. MEA spokesperson Randhir Jaiswal stated that both citizens have been reached and are safe, addressing concerns about their whereabouts. Taiwan experienced a 7.2 magnitude earthquake, resulting in 10 fatalities and leaving 38 individuals still missing. Road damage left 660 people stranded, with 1,067 suffering severe injuries. Despite the devastation, stringent building regulations and widespread public awareness mitigated the impact. Prime Minister Narendra Modi expressed solidarity with Taiwan, offering condolences to the affected families and wishing a speedy recovery for the…

Ford Motor Co. announced on Thursday a delay in the production of at least two new electric cars, opting instead to focus more on hybrids. This decision reflects a broader trend among major automakers, including General Motors and Mercedes-Benz, who have also adjusted their electric vehicle strategies due to slowing sales. The shift away from electric cars is driven by challenges in manufacturing and selling them profitably. While sales of electric vehicles continue to grow, the pace has slowed significantly as automakers struggle to appeal to a broader market beyond early adopters willing to pay premium prices. The cost of…

The Income Tax department announced that ITRs 1, 2, 4, and 6 are now available on the e-filing portal since April 1, 2024, with around 23,000 returns already filed for the 2023-24 fiscal year. This marks the first time in recent years that taxpayers can file their I-T Returns on the first day of the new financial year, aiming to enhance compliance and taxpayer services. ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simplified forms suitable for small and medium taxpayers. ITR-2, for those with income from residential property, is also available. The Central Board of Direct Taxes…

In the fiscal year 2024, nearly 3.7 crore demat accounts were added, the highest ever, averaging over 30 lakh accounts per month, propelled by a market surge. The number of demat accounts opened with CDSL and NSDL surged 11.9% year-on-year to 15.14 crore from 11.45 crore. Sensex and Nifty50 rose 24.85% and 28.61% in FY24, while BSE Midcap and Smallcap indices surged 63.4% and 60% respectively. New brokers and discount brokers focusing on expanding their account base also contribute to the trend. The addition of demat accounts is expected to continue unless the market faces a major downturn. Investor interest…

Oil prices continue to rise, aiming for a second consecutive weekly gain, bolstered by geopolitical tensions in Europe and the Middle East, tightening supply concerns, and optimism surrounding global fuel demand growth amid economic recovery. Brent crude edged up 49 cents to $91.14 a barrel, while U.S. West Texas Intermediate crude rose to $86.96 a barrel, both settling at their highest levels since October. Analysts anticipate further upside in oil prices in the short term due to a positive economic outlook, ongoing supply constraints, and escalating geopolitical risks. The bank raised its 3-month price target for Brent to $95 a…

Key Events of the Day:

Apple halted two major projects in February 2024, leading to layoffs in California, according to a Bloomberg report. The company abandoned its electric and autonomous car project, as well as its endeavor to develop advanced display screens for smartwatches. These cancellations were not abrupt decisions. Apple executives struggled to define a clear direction for the car project and grappled with its substantial cost. Similarly, the display screen initiative faced challenges such as engineering obstacles, difficulties in securing reliable suppliers, and managing production costs. Over 600 employees in California lost their jobs due to these project closures, with most layoffs occurring…