Yesterday’s big news was related to tax collection at source and the price of gold. Now the government has implemented 1% tax collection at source (TCS) on the purchase of luxury items like watches, paintings, sunglasses, shoes, home theater systems and helicopters worth more than Rs 10 lakh. At the same time, there was a big fall in gold on Wednesday (23 April). According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has come down by ? 2,399 to ? 96,085. Earlier, the price of 10 grams of gold was ? 98,484. Before tomorrow’s big news, today’s headlines, which will be in focus… Now read tomorrow’s big news… 1. Now new tax on buying luxury watches, shoes and paintings: Government has implemented 1% TCS on purchase of luxury items worth more than ?10 lakh. Now the government has implemented 1% Tax Collection at Source (TCS) on purchase of luxury items like watches, paintings, sunglasses, shoes, home theater systems and helicopters worth more than Rs 10 lakh. The Central Board of Direct Taxes i.e. CBDT has announced this by issuing a notification on Wednesday (23 April). CBDT has said that the government has increased the scope of tax on high-value shopping to keep an eye on luxury expenses and to register transactions of more than Rs 10 lakh in the income tax return. The seller will be responsible for collecting this tax. 1% TCS on luxury items has been implemented from April 22. Click here to read the full news 2. Gold became cheaper by ? 2,399 and came down to ? 96,085: Gold which had made an all-time high of one lakh rupees a day earlier, experienced a big fall on Wednesday (April 23). According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has come down by ? 2,399 to ? 96,085. Earlier, the price of 10 grams of gold was ? 98,484. Yesterday i.e. on Tuesday, the price of 24 carat gold in Bhopal and Indore reached one lakh rupees per ten grams. This price was inclusive of GST. The price of ten grams of gold in Bhopal was ? 95,784, which reached ? 1,02,021 including GST. At the same time, the price of one kg of silver has increased by ? 1,006 to ? 96,613 per kg today. Earlier, the price of silver was ? 95,607 per kg. On March 28, silver had made an all-time high of ? 1,00,934. Click here to read the full news… 3. Tata-Consumer’s profit increased by 65% in the fourth quarter of FY25: Revenue stood at ? 4,608 crores, the company will give a dividend of ? 8.25 per share The total income of Tata Consumer Products Limited in the fourth quarter was Rs 4,665 crore. This is 17.65% more than last year. In this income of the company, revenue from operations was Rs 4,608 crore. At the same time, the total expenditure of the company in the January to March quarter was Rs 4,180 crore and total tax was Rs 123 crore. If we deduct expenses and taxes from the total income, then the company made a net profit of Rs 349 crore in the fourth quarter. This is 65% more than last year. That is, the profit has also increased along with the company’s earnings. Tata Consumer has released the results of January-March quarter (Q4FY25, fourth quarter) on Wednesday (23 April). Click here to read the full news… 4. World Bank also reduced the forecast of growth in the economy: Indian GDP will grow at the rate of 6.3% in FY26; Yesterday IMF had reduced the growth rate After IMF, now the World Bank has also reduced the growth rate of India’s economy in the financial year 2025-26. According to the World Bank, GDP will grow at the rate of 6.3% in FY26. Earlier in October 2024, this growth rate was stated to be 6.7%. The World Bank said that there is pressure to slow global growth due to changes in trade policies on exports. Global economic weakness and policy uncertainty will reduce the positive impact of monetary policy on private investment. Click here to read the full news… 5. HCL Tech stock rises 7.74% after results: Company earns Rs 4,309 crore profit in January-March quarter, stock has fallen 17% this year After the results of the fourth quarter of FY 2024-25, the stock of IT company HCL Tech rose 7.74% today. It closed 114 points higher at 1,594. The company has made a profit of Rs 4,309 crore in the January-March quarter. This is 8% more than last year. The company had registered a profit of Rs 3995 crore in the same period last year. Total income in Q4 stood at Rs 30,695 crore. This is 6.15% more than last year. In this income of the company, revenue from operations was Rs 30,246 crore. Click here to read the full news… 6. Tata Nexon EV’s long range variant is also safe: Got 5 star safety rating in Bharat-NCAP crash test, got 43.83 points for child safety Tata Motors recently launched a long range variant of its most popular electric car Nexon EV with 45kWh battery pack. This variant has got a 5-star safety score in the crash test from Bharat New Car Assessment Program (BNCAP or Bharat NCAP). In the crash test, the car scored 29.86 out of 32 for adult safety and 44.95 out of 49 for child safety. In June 2024 also, Nexon EV got the same score in the crash test conducted in Bharat-NCAP. Click here to read the full news… Also see who were the top-10 richest people in the world yesterday… Know the condition of yesterday’s stock market and gold-silver… Know the latest price of petrol-diesel and gas cylinder…
