The Ministry of Finance on Wednesday extended the deadline to apply the proposed changes in Tax Collection at Source (TCS) rates from October 1.

"No change in rate of TCS for all purposes under Liberalised Remittance Scheme (LRS) and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs 7 lakh per individual per annum" the press release said.

Tata Communications on Wednesday announced that it would acquire NYSE-listed Kaleyra, a global omnichannel integrated communication services provider with a set of proprietary platforms offering targeted personalisation through messaging, video, push notification, e-mails and voice-based services, and chatbots. The acquisition is an all cash deal.

Tata Communications has agreed to acquire Kaleyra at a price per share of $7.25, for a total consideration to Kaleyra shareholders of approximately $100 million, besides the assumption of all outstanding debt.

Shares of Tata Motors hit a fresh multi-year high of Rs 589.15, up 3 per cent on Wednesday's intra-day, after Tata Technologies received market regulator Securities and Exchange Board of India's (Sebi's) approval to raise funds through initial public offering (IPO).

The stock of the Tata group automobile company was trading at its highest level since September 2016. It hit a record high level of Rs 606 on February 3, 2015. Thus far in the calendar year 2023, it has rallied 52 per cent as compared to a 4.4 per cent rise in the S&P BSE Sensex.

The ICC World Cup is more than three months away, but hotels in Ahmedabad have set the field already. Hotel room prices have gone through the roof in the city even when booked more than three months in advance. In some cases, the cost of a base category room at a five-star hotel has reached Rs 50,000 per night, The Times of India (ToI) has reported.

In normal circumstances, these rooms can be booked for Rs 6,500-10,000. The cricket world cup will be organised in India from October 5 to November 19.

Sleepwell mattresses' owner Sheela Foam will acquire rival company Kurlon Enterprise, buying 100 per cent of the company in two tranches for a cash consideration of Rs 3,250 crore, reported Moneycontrol.

The transaction is expected to be completed within the next few months, it added.

Four minors and a woman were killed and several others injured when a truck in which they were travelling overturned and fell into a river in Madhya Pradesh's Datia district on Wednesday, state Home Minister Narottam Mishra said.

The accident took place in the wee hours near Buhara village in Datia district when some people from Gwalior were going to Jatara in Tikamgarh district for a marriage ceremony, Mishra told reporters.

The merger of HDFC into HDFC Bank will be effective July 1, its chairman Deepak Parekh said in a press conference on Tuesday. The boards of HDFC Bank and HDFC will meet on June 30 after the market hours to clear and approve the merger, he said.

HDFC shares delisting will be effective on July 13, said HDFC's Vice-Chairman and Chief Executive Officer (CEO) Keki Mistry.

The Centre has allowed the Office of the Registrar General of India (RGI) to perform Aadhaar authentication during birth and death registrations in the country.

According to the MHA's gazette notification dated June 27, the Ministry of Electronics and Information Technology (MeitY) has allowed the RGI office to use the Aadhaar database for authenticating the identity details provided during registration of births and deaths.

ICICI Prudential Life received a notification from the Directorate General of GST Intelligence on Monday regarding the non-payment of taxes amounting to Rs 492.06 crore for five years, from July 2017 to July 2022.

According to an exchange filing by the insurance company, it has been issued a notice by the Directorate General of GST Intelligence in the form of a show cause cum demand notice.

Gold prices fell Rs 100 in Tuesday's early trade, with 10 grams of the yellow metal (24-carat) trading at Rs 59,180, according to the GoodReturns website. Silver price was unchanged, with 1 kg of the precious metal selling at Rs 70,900.

The price of 22-carat gold was unchanged at Rs 54,350.

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