Some members of Congress are pushing the IRS to reevaluate its present identity verification procedures as the agency tries to expand its free online tax preparation service. These politicians feel that the current approach, which requires the use of ID.me, may be unduly restrictive for a large number of filers, and they are calling on…
This proposal to relax verification standards is part of a larger discussion about how to balance accessibility and security in government initiatives, particularly those that support vulnerable and low-income groups. These legislators want to preserve the essential safeguards against identity theft while increasing the accessibility of the Direct File program for the taxpayers it is…
Garuda Construction and Engineering’s stock had a strong opening on the exchanges today. It went public on the NSE at ₹105, 9.5 per cent over its IPO price of ₹95. In the meantime, it floated at ₹103.20 on the BSE, up 8.63 per cent from the issue price. The ₹264.10 crore initial public offering (IPO)…
This week, investors will be closely monitoring corporate earnings releases, retail sales data, and unemployment claims reports to further validate the economic resilience that has bolstered equity markets this month. This will put the US consumer confidence in the focus. The benchmark S&P 500, which has gained more than 21% this year, is poised to…
On Tuesday, October 15, 2024, subscriptions for Hyundai Motor India Ltd., the top automaker, will be accepted in the country’s primary market for its anticipated mainboard initial public offering (IPO). On October 22, 2024, shares of the car major will trade on D-Street. All investor groups may continue to bid on the public offering through…
After the company announced that it was acquiring the global pigment division of Germany’s Heubach Group, shares of Sudarshan Chemical Industries surged 20% on Friday, October 11 to reach a 52-week high. The company in an exchange filing today said, “… Sudarshan Chemical Industries Limited has entered into a definitive agreement on 11th October 2024,…
The rally in mining companies propelled Canada’s main stock index to a new high on Friday, as worries about a fragile labour market were allayed by an unexpected drop in the country’s unemployment rate. The composite index of the S&P/TSX of the Toronto Stock Exchange. The GSPTSE reached an all-time high of 24,482.62 in the…
The RBI should have lowered key lending rates to increase house demand during the current holiday season, according to Realtors’ apex body Credai, which also asked that the apex bank take lowering the repo rate into consideration at its upcoming meeting. The Reserve Bank of India (RBI) relaxed its very hawkish policy stance to “neutral”…
U.S. bank profits sent global markets higher on Friday, putting them on pace for a weekly gain. Meanwhile, U.S. Treasury costs mainly decreased as readings on consumer confidence and inflation reinforced predictions over the trajectory of rate cuts by the Federal Reserve. September’s U.S. producer price index for final demand was steady, slightly less than…
Due to the low cost of services compared to other Asian nations and the favourable regulatory climate, telecom companies such as Bharti Airtel and Vodafone Idea have the leeway to impose an additional 15% tariff hike in FY27, according to analysts. Analysts at JPMorgan have determined that annual pricing hikes are necessary for Vodafone Idea,…