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Have you filed your <keyword id="19948101" type="General" weightage="20" keywordseo="income-tax-returns" source="keywords">income tax returns</keyword> till now? If not, don't forget that <keyword id="22458495" type="General" weightage="20" keywordseo="July-31st" source="keywords">July 31st</keyword> is the last date to file your ITR, without paying any penalties. However, if you miss this <keyword id="19938467" type="General" weightage="20" keywordseo="deadline" source="keywords">deadline</keyword>, you can still file your ITR by <keyword id="19993002" type="General" weightage="20" keywordseo="December-31st" source="keywords">December 31st</keyword>, 2024. But then, you will have to pay a hefty penalty! To avoid any hassles, here's a handy guide you can use to bookmark all the dates associated with <keyword id="19942833" type="General" weightage="100" keywordseo="ITR-filing" source="keywords">ITR filing</keyword> this year 13 days from now, i.e., 31st July 2024 is the last date for salaried individuals, non-resident Indians (<keyword id="19918875" type="General" weightage="20" keywordseo="NRIs" source="keywords">NRIs</keyword>), Hindu undivided families (HUF) and other entities to file their income tax returns. This date, unless extended, is final for those do not require a prior audit of their books of accounts. Per experts, a date extension seems unlikely, given that there has been no formal notification from the Finance Ministry as yet. Remember that if you are a salaried individual and do not file your ITR by July 31st, you could face serious consequences, which include: <ul><li>In case your net annual taxable income is up to Rs 5,00,000, you will have to pay a fine of Rs 1,000 while filing your belated return. </li><li>If your net annual taxable income exceeds Rs 5,00,000, you will have to pay a fine of Rs 5,000.</li></ul>However, the biggest loss in case of filing belated ITR would be the inability to opt for old tax regime. All ITR filed belatedly, or after July 31st, will automatically be processed under the new regime. In case you have significant investments in ELSS, <keyword id="19919089" type="General" weightage="20" keywordseo="nps" source="keywords">NPS</keyword>, PPF under Section 80C, HRA exemptions, your tax liability could be significantly higher under the new tax regime, since it does not offer many exemptions and deductions generally available under the old regime. For businesses which require an audit before filing their ITR, 31st October 2024 is the last date to file ITR, sans any penalties. <h2>Filing revised/belated ITR </h2>The last date for filing a belated or revised ITR is 31st December. You can file a revised ITR in case: <ul><li>You have unintentionally missed out on reporting any significant income</li><li>You missed out on claiming tax-saving deductions in your initial ITR</li><li>You have opted for the wrong ITR form, and want to change it</li><li>You receive a notice from the IT department highlighting discrepancies in your original ITR</li></ul>Note that you don't have to pay any penalties while filing a revised ITR. And while not advisable, you can revise your ITR multiple times. Once a revised return is filed, the IT department considers it as your final ITR. You can also file an updated return within 2 years of the relevant assessment year (in this case 2023-24). This means that the last date to file your updated return for this cycle will be March 31st, 2027. But note that you cannot revise your updated returns i.e., it can be filed only once for any particular assessment year. Also, you will have to pay additional tax equal to 25% of the total of tax and interest payable, if you file the updated return before 12 months of the end of relevant assessment year. In case you file your updated return after more than 12 months, but less than 24 months from the relevant assessment year have passed, your additional tax payable would be 50% of the aggregate of tax and interest payable.

Important dates to remember while filing your ITR this time!

The taxpayers and tax professionals made their compliances in time, leading to a surge in the filing of Income-tax Returns (<keyword id="20458564" type="General" weightage="20" keywordseo="ITRs" source="keywords">ITRs</keyword>), which resulted in a new record of ITRs filed till <keyword id="22468495" type="General" weightage="20" keywordseo="July-31" source="keywords">July 31</keyword>, 2024. July 31 was the last due date for filing the <keyword id="19948101" type="General" weightage="100" keywordseo="income-tax-returns" source="keywords">income tax returns</keyword>, without having to pay any penalties. The total number of ITRs for assessment year 2024-25 filed till July 31, 2024 is more than 7.28 crore, which is 7.5% more than the total ITRs for assessment 2023-24 (6.77 crore) filed, a <keyword id="19908390" type="General" weightage="20" keywordseo="Ministry-of-Finance" source="keywords" meta.keywordsubtype="org" meta.entityname="Ministry of Finance" meta.hostid="261" meta.entityid="Ministry of Finance">Ministry of Finance</keyword> release stated on Friday. An increasing number of taxpayers have opted for the <keyword id="19935168" type="General" weightage="20" keywordseo="New-Tax-Regime" source="keywords">new tax regime</keyword> this year, the <keyword id="19900485" type="General" weightage="20" keywordseo="finance-ministry" source="keywords">finance ministry</keyword> said. Out of the total ITRs of 7.28 crore that have been filed, 5.27 crore have been filed in the new tax regime, as compared to 2.01 crore filed in the old tax regime. Thus, about 72% of taxpayers have opted for the new tax regime, while the rest 28% continue to be in the old tax regime. The filing of ITRs peaked on July 31, 2024 (due date for salaried taxpayers and other non-tax audit cases) with over 69.92 lakh ITRs being filed on a single day. The <keyword id="20404575" type="General" weightage="20" keywordseo="e-filing-portal" source="keywords">e-filing portal</keyword> also observed its highest per hour rate of 5.07 lakh of ITR filing between 7:00 pm to 8:00 pm on July 31. A total of 58.57 lakh ITRs from first time filers were reported, a fair indication of widening of tax base. "A lot of emphasis was provided to educate taxpayers about old and new tax regimes. FAQs and educational videos on the same were designed and uploaded on the e-filing portal," the ministry said. Focused outreach campaigns were carried out on social media to encourage the taxpayers to file their ITRs early. Along with this, unique creative campaigns were also carried out on different platforms. Informational videos in 12 vernacular languages, apart from English and Hindi, were displayed on digital platforms. The ministry said it is encouraging to note that over 6.21 crore ITRs have been e-verified, out of which more than 5.81 crore are through Aadhaar-based OTP (93.56% ). Of the e-verified ITRs, more than 2.69 crore ITRs for the 2024-2025 have been processed (43.34%) till July 31, 2024. Note that e-verification is the final step in filing your ITR. If you do not e-verify your ITR within 30 days of filing it, your ITR will stand invalid. The e-filing Helpdesk team has handled approximately 10.64 lakh queries from taxpayers during the year up to July 31, supporting the taxpayers proactively during the peak filing period. Taxpayers are also requested to verify their unverified ITRs if any, within 30 days of filing the ITR. Taxpayers are urged, who for any reason, missed filing their ITR within the due date, to complete their filing expeditiously.

51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime, notes FinMin data

Today is <keyword id="22458495" type="General" weightage="20" keywordseo="July-31st" source="keywords">July 31st</keyword>, 2024, the last day to file your income tax returns, without having to pay any penalties. And before you ask, the <keyword id="19903456" type="General" weightage="20" keywordseo="income-tax-department" source="keywords">Income Tax Department</keyword> has not come out with any notification informing the taxpayers of a deadline extension. That is why you should not delay filing your <a href="https://www.businessinsider.in/personal-finance/article/heres-your-ready-reckoner-for-itr-filing/articleshow/111402608.cms" data-type="tilCustomLink">income tax returns</a> anymore! The <keyword id="20171597" type="General" weightage="20" keywordseo="IT-department" source="keywords">IT department</keyword> noted that as of July 26th, 2024, over 5 crore ITRs had already been filed, marking an 8.5% increase from the number of ITRs filed during this period, last year. The IT department, in an X post, highlighted that last year, it had reached the 5-crore <keyword id="22083160" type="General" weightage="100" keywordseo="ITR-filing-deadline" source="keywords">ITR filing deadline</keyword> on July 27th. However, this year, it had breached the milestone a day earlier, i.e., on July 26th, 2024. Earlier, the All Gujarat Federation of Tax Consultants and Income Tax Bar Association had requested a deadline extension for AY 2024–25 from July 31st, 2024, to August 31st, 2024, citing issues and glitches in the tax filing portal. However, there has been no response from the finance ministry on the same. <h2>What happens if I don't file my ITR until July 31st? </h2>For AY 2024–25, you can file a <keyword id="6380232" type="General" weightage="20" keywordseo="belated-ITR" source="Orion">belated ITR</keyword> until December 31st, 2024. But remember, it comes with many disadvantages as well. Here's a snapshot of all the benefits you will have to forego: <h2>What are the penalties for late filing of ITR? </h2>1. You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,000. But if your taxable income exceeds this threshold, you will have to pay a penalty of Rs 5,000. 2. Even if you have to file a <keyword id="17933087" type="General" weightage="20" keywordseo="NIL-ITR" source="Orion">nil ITR</keyword>, you must do so before July 31st. This is because if you do not end up filing it on time, you will have to pay a fine of Rs 1,000. 3. According to Section 234A of the <keyword id="19936187" type="General" weightage="20" keywordseo="income-tax-act" source="keywords">Income Tax Act</keyword>, you will also have to pay interest on your outstanding tax amount at the rate of 1% per month, starting from the due date, i.e., July 31st. <h2>No carry forward of losses, old tax regime</h2>1. You will not be able to carry forward any losses, including those from your mutual funds or stock investments, business income, and other sources. You will only be allowed to carry forward your losses from house properties. This could significantly raise your total tax liability and lead to you incurring hefty losses. 2. After July 31st, 2024, you will not be able to opt for the old tax regime for tax calculation purposes. Starting August 1, the new tax regime, which offers significantly fewer deductions and exemptions as compared to the old regime, will be considered default for you. Also read: <a href="https://www.businessinsider.in/personal-finance/article/decoding-form-16-how-do-you-file-your-taxes-if-you-dont-get-form-16/articleshow/111529754.cms" data-type="tilCustomLink">Decoding Form 16: How do you file your taxes if you don't get Form 16?</a> <a href="https://www.businessinsider.in/finance/tax/article/wondering-which-itr-form-is-right-for-you-know-all-about-it-here/articleshow/111406215.cms" data-type="tilCustomLink">Wondering which ITR form is right for you? Know all about it here</a>

ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties

<ul><li>14% <keyword id="59866" type="General" weightage="20" keywordseo="taxpayers" source="Orion">taxpayers</keyword> say they will not be able to meet the <keyword id="43355" type="General" weightage="20" keywordseo="deadline" source="Orion">deadline</keyword>. </li><li>70% surveyed said that they have already completed filing their income tax (IT) returns. </li><li>Taxpayers cite inability to file returns due to the effect of <keyword id="48088" type="General" weightage="20" keywordseo="floods" source="Orion">floods</keyword> in various parts of India. </li></ul>Revenue Secretary Sanjay Malhotra said last week that the possibility of extending the deadline for filing income tax returns for the financial year 2022-2023 beyond July 31, 2023, is unlikely. He advised taxpayers to expedite the process of filing their income tax returns before the mentioned deadline. However, according to community social media platform LocalCircles, 27% of individual income taxpayers surveyed are yet to file their FY2023 income tax returns. Moreover, 14% say they will not be able to meet the deadline. The surveyed have said that the delay in filing returns is primarily because India is grappling with the effects of heavy monsoon and floods in July, causing havoc in various regions. States like Assam, Himachal Pradesh, Uttarakhand, Telangana, Gujarat, Maharashtra, and Delhi NCR have been impacted by floods, landslides, and excessive rains, resulting in the displacement of thousands of people. The floods have led to power outages that last for hours and even days in some areas, disrupting the lives and work of many individuals. Based on the feedback from community discussions on LocalCircles, it appears that people are suggesting the Government to consider a two-week deadline extension for filing income tax returns. <cmsannotation type="cmsannotation" annotationid="Where do things stand, as per the survey" comment="subhead" text="Where do things stand, as per the survey">Where do things stand, as per the survey</cmsannotation> Out of over 12,000 respondents, one in four tax paying citizens admitted that they have not yet filed their income tax returns, as mentioned earlier. Out of these, 5% encountered difficulties but intend to try again before July 31, while 8% expressed confidence that they will comfortably file before the month-end. 9% stated it would be impossible for them to file before the deadline. This translates to approximately 14% of the respondents may likely be unable to meet the <keyword id="104359" type="General" weightage="20" keywordseo="income-tax-return" source="Orion">income tax return</keyword> deadline. Well, the clock is ticking.

One in four taxpaying citizen yet to file IT returns with 3 days to deadline

As the monsoon rains refreshes <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> while the nation cheers on its athletes in the ongoing Olympics, the skies above promise another natural spectacle that will captivate <keyword id="20400403" type="General" weightage="20" keywordseo="stargazers" source="keywords">stargazers</keyword>. This month, India will witness a rare <keyword id="20400402" type="General" weightage="20" keywordseo="celestial-event" source="keywords">celestial event</keyword>: a "double" <keyword id="21521139" type="General" weightage="20" keywordseo="meteor-shower" source="keywords">meteor shower</keyword> featuring both the <keyword id="22559089" type="General" weightage="20" keywordseo="Alpha-Capricornids" source="keywords">Alpha Capricornids</keyword> and the <keyword id="22406564" type="General" weightage="20" keywordseo="Southern-Delta-Aquariids" source="keywords">Southern Delta Aquariids</keyword>, peaking within 24 hours of each other. Meteor showers occur when Earth’s orbit intersects the path of a <keyword id="20023122" type="General" weightage="20" keywordseo="comet" source="keywords">comet</keyword>, causing rocky debris to burn up in our atmosphere. This month, Earth will pass through the orbits of comet 96P/Machholz and comet 169P/NEAT, giving rise to the Southern Delta Aquariids and Alpha Capricornids respectively. The Southern Delta Aquariids will peak on July 29-30, while the Alpha Capricornids will peak on July 30-31. Nicholas Moskovitz, a planetary <keyword id="22128353" type="General" weightage="20" keywordseo="astronomer" source="keywords">astronomer</keyword> at Lowell Observatory, notes that such close peaks of two meteor showers are "a little bit unusual" but not entirely uncommon. Observing them helps scientists understand comet behaviours and predict future meteor showers, which is crucial for the safety of spacecraft. <h2>Visibility in India</h2>Both meteor showers are expected to be visible in India, particularly in the southern regions and areas away from urban light pollution. For the best viewing experience, find a dark site, ideally in rural areas or hill stations. The Southern Delta Aquariids will produce around 20-25 meteors per hour at their peak, appearing as faint streaks that require dark skies to be seen. The Alpha Capricornids, while less frequent at about 5 meteors per hour, are known for their bright fireballs, making them more spectacular even in less than ideal conditions. <div type="Article" hostid="261" msid="112016039" title="Forget distant fly-bys of giant rocks—this plane-sized asteroid will come within 1.7 million km of Earth this week!" mstype="2" mssubtype="0"></div>To catch these celestial wonders, it’s recommended to watch the sky between midnight and dawn. Make sure to find a dark spot away from city lights, stay off devices to allow your eyes to acclimate to the dark. Be patient, lie back and scan the sky, focusing on areas away from the moon. It would also be wise to check the local weather forecast to ensure clear skies before heading out for any stargazing. Both showers will be most visible if you look towards the southern horizon. The meteors will appear to radiate from the constellations Aquarius (for the Southern Delta Aquariids) and Capricornus (for the Alpha Capricornids), but you should look away from these radiant points to see longer meteors streaking across the sky. <div type="Article" hostid="261" msid="111730212" title="Bengaluru-based Pixxel Space plans to mine asteroids for building settlements in space" mstype="2" mssubtype="0"></div>So, mark your calendars, prepare your night-sky essentials, and get ready to witness a <keyword id="22559088" type="General" weightage="100" keywordseo="double-meteor-shower" source="Orion">double meteor shower</keyword> that promises to be a highlight of the monsoon season. As athletes from around the globe compete for glory, the night sky will provide a universal display of nature's own fireworks.

India to witness a rare and mesmerising DOUBLE meteor shower on July 30!

<keyword id="19963112" type="General" weightage="20" keywordseo="Electric-vehicle-sales" source="keywords">Electric vehicle sales</keyword> registered a 55.2 per cent on-year growth at 1,79,038 units in July driven by a massive 96 per cent jump in e-two-wheeler sales, automobile dealers' body <keyword id="20108734" type="General" weightage="20" keywordseo="FADA" source="keywords">FADA</keyword> said on Tuesday. The total <keyword id="6354973" type="General" weightage="20" keywordseo="electric-vehicles" source="Orion">electric vehicles</keyword> sales for July 2023 were at 1,16,221 units, according to the monthly sales data from Federation of Automobile Dealers' Association (FADA). The electric two-wheelers sales during the previous month stood at 1,07,016 units, up 95.94 per cent, from 54,616 units sold in July last year, while the electric three-wheeler sales grew 18.18 per cent at 63,667 units, from 58,873 units year earlier, as per FADA. The commercial vehicle sales during the reporting month was also on an upward trajectory, growing two-fold on a year-on-year basis to 816 units, from 364 commercial vehicles sold in July 2023, it stated. Passenger vehicles, however, declined 2.92 per cent at 7,541 units in July, as against 7,768 units in the same month of last year, as per data. "The rising market share in the 2W and 3W <keyword id="22689146" type="General" weightage="20" keywordseo="EV-segments" source="keywords">EV segments</keyword> for July 2024, with YoY growth rates of 95.94 per cent and 18.18 per cent respectively, and a market share of 7.4 per cent and 57.6 per cent, respectively for the month, is a clear indication of the growing acceptance and demand for electric vehicles in India," FADA President Manish Raj Singhania said. The PV segment, while showing a marginal year-on-year decline of 2.92 per cent, maintains a market share of 2.4 per cent, Singhania said, adding that the CV segment has shown remarkable growth with a year-on-year increase of 124.2 per cent and a current (July) market share of 1.02 per cent. The combination of attractive discounts and the anticipation of the discontinuation of the EMPS (Electric Mobility Promotion Scheme), despite its extension, has significantly boosted sales, he said. Announced by the Ministry of Heavy Industries in March, for a four months period-April 1,2024 to July 31,2024 to boost the adoption of EVs across the country with a total outlay of Rs 500 crore, the EMP scheme has now been extended by September 30, while the scheme's outlay has also been increased to Rs 778 crore. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/unicommerce-esolutions-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112307438.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/unicommerce-esolutions-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112307438.cms" target="_blank">Unicommerce eSolutions IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-cross-the-1-lakh-mark-after-four-months-ola-electric-leads-the-market/articleshow/112288793.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-cross-the-1-lakh-mark-after-four-months-ola-electric-leads-the-market/articleshow/112288793.cms" target="_blank">Electric two-wheeler sales cross the 1 lakh mark after four months, Ola Electric leads the market</a> <a href="https://www.businessinsider.in/sports/news/neeraj-chopras-paris-olympics-journey-to-begin-with-qualification-round-today-top-rivals-to-look-out-for/articleshow/112311760.cms">Neeraj Chopra qualifies for finals with a first throw of 89.34m – top rivals to look out for</a>

Electric vehicle sales rose 55.2% to 1.79 lakh units in July: FADA

The <keyword id="20340200" type="General" weightage="100" keywordseo="assets-under-management" source="keywords">Assets Under Management</keyword> (<keyword id="20019621" type="General" weightage="20" keywordseo="AUM" source="keywords">AUM</keyword>) of <keyword id="20300870" type="General" weightage="20" keywordseo="equity-mutual-funds" source="keywords">equity mutual funds</keyword> have <keyword id="20641508" type="General" weightage="20" keywordseo="surged" source="keywords">surged</keyword> by 5.37 per cent sequentially to Rs 25,12,845.59 crore in July 2024 from Rs 23,84,727.69 crore in June 2024, <keyword id="22838645" type="General" weightage="20" keywordseo="PL-Wealth-Management" source="keywords" meta.keywordsubtype="org" meta.entityname="PL Wealth Management" meta.hostid="261" meta.entityid="PL Wealth Management">PL Wealth Management</keyword> said in a statement. The observation, which is based on 283 open-ended equity diversified funds, cited that 39 per cent of these funds have outperformed their respective benchmarks over the past month, ending July 31st, 2024, The cumulative total of funds that outperformed stood at 109 during the month ending July 2024 (one month). AUM measures the total market value of assets that a person or entity manages for clients or on behalf of investors. Under the <keyword id="21184260" type="General" weightage="20" keywordseo="large-cap-funds" source="keywords">large-cap funds</keyword>, about 58 per cent of <keyword id="19915334" type="General" weightage="20" keywordseo="schemes" source="keywords">schemes</keyword> outperformed on S&amp;P BSE 100 - TRI benchmark, out of 31 schemes observed by <keyword id="19999821" type="General" weightage="20" keywordseo="Prabhudas-Lilladher" source="keywords" meta.keywordsubtype="org" meta.entityname="Prabhudas Lilladher" meta.hostid="261" meta.entityid="Prabhudas Lilladher">Prabhudas Lilladher</keyword>'s wealth management arm. About 24 per cent of schemes outperformed under the large and mid-cap funds, of which 29 were observed. Under the multi-cap funds about 40 per cent of schemes outperformed, whereas in the flexi-cap funds, the percentage of schemes outperforming was 33 per cent. Going further, about 38 per cent of schemes under the midcap outperformed. Interestingly, the data observed that not a single scheme in small-cap funds manages to outperform their respective benchmarks. According to the observations made by L Wealth Management, Value Contra Div Yield Funds was the best-performing category, where 78 per cent of the schemes outperformed the benchmark. It was followed by schemes of large-cap funds and multi-cap funds, which outperformed their respective benchmarks by 58 per cent and 40 per cent respectively, during July 2024. Large and mid-cap funds were the least performing fund category, with only 24 per cent of funds outperforming the benchmark, as shown in the analysis. <keyword id="22838646" type="General" weightage="20" keywordseo="PL-Capital-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="PL Capital Group" meta.hostid="261" meta.entityid="PL Capital Group">PL Capital Group</keyword> specialises in research-driven advisory services in the Indian capital markets. The company's business is spread across 200 plus cities in India, catering to institutions, corporations, family offices, HNIs, and retail clients in India and globally.

Assets Under Management of equity mutual funds surged 5.4% sequentially in July: PL Wealth Management

<ul class="summary-list"><li>Thousands of Disneyland workers accepted a new offer from the park, scoring a significant pay rise.</li><li>The deal provides for hourly wages to increase from $19.90 to $26 over three years — a 31% bump.</li></ul>After months of negotiations that nearly led to a strike, thousands of Disneyland workers agreed to accept a new contract.The deal mandates an increase in the park's minimum wage from a previous $19.90 to a final $26 after three years, an increase of 31%.The new contract grants most of that hike straight away, boosting the wage to $24 immediately.It followed a campaign by a coalition of four Disney unions representing 14,000 workers.Both the unions and Disney celebrated the deal.During the campaign, workers voted to authorize a strike which would have been the first at the park in 40 years — but reached a deal before walking out.The contract also provides more flexible attendance and sick-leave policies.Cast members — who perform at the park and dressed as Disney characters — were also granted longevity increases to their wages.People with 10 years of service get a $0.50 hourly increase, rising to $2 for 20 years of service.The increases in the deal were retroactive from June 17.The bargaining unit, which called itself Disney Workers Rising, represented a spread of park workers from custodians to retail workers and cast members.Union reps had been holding talks with Disney since April of this year.The company initially offered wage increases of less than a dollar per year for five years, which the group called "insulting" and rejected.In July, a federal mediator joined the union at the negotiating table.Earlier in July, 99% of unionized park workers voted to authorize a strike. The last Disneyland strikes were in 1984, where around 2,000 workers walked out for 22 days.Union members also signed petitions, held rallies at the entrances of Disney theme parks, and passed out buttons to guests with Mickey Mouse's hand clenched in a fist, a symbol of organized labor.This video shows one of the rallies:Workers <a target="_blank" class="" href="https://www.nlrb.gov/case/21-CA-344334">complained to the National Labor Relations Board</a> about Disney's conduct, alleging that it threatened to discipline people over the buttons, and also attempted to surveil and intimidate its workers.The case was unresolved as of Wednesday.A statement from union organizers on X described the deal as "historic" and "the contract we all deserve."A Disney statement said it was "proud of its working relationship" with the unions, and that the deal "focuses on what matters most to our cast members while positioning Disneyland Resort for future growth and job creation."

Disneyland workers won a 31% pay rise after a 4-month campaign and a vote to strike

Mumbai (Maharashtra) [India], July 31 (ANI): The <keyword id="417639" type="General" weightage="20" keywordseo="automotive-sector" source="Orion">automotive sector</keyword> is poised for a robust performance in July 2024, driven by an expected double-digit year-on-year (y/y) growth in two-wheeler (2W) <keyword id="21974415" type="General" weightage="20" keywordseo="wholesale-volumes" source="keywords">wholesale volumes</keyword>, according to a recent report by <keyword id="20548750" type="General" weightage="20" keywordseo="Anand-Rathi" source="keywords" meta.keywordsubtype="org" meta.entityname="Anand Rathi" meta.hostid="261" meta.entityid="Anand Rathi">Anand Rathi</keyword>. The surge is attributed to solid retail demand, estimated at approximately 15 per cent y/y, strategic inventory build-up, and a favourable base effect. Excluding Honda, the growth remains robust at around 14 per cent. Additionally, <keyword id="20163833" type="General" weightage="20" keywordseo="passenger-vehicle" source="keywords">passenger vehicle</keyword> (PV) volumes are likely to have increased, supported by improved retail activity and inventory accumulation. Meanwhile, sales of <keyword id="20023450" type="General" weightage="20" keywordseo="commercial-vehicles" source="keywords">commercial vehicles</keyword> (CVs) and tractors are expected to remain broadly flat. Overall, the outlook for the <keyword id="19979339" type="General" weightage="100" keywordseo="auto-sector" source="keywords">auto sector</keyword> remains positive. In the passenger vehicle (PV) segment, volumes are also expected to see an uptick, largely due to better retail performance and inventory accumulation. The report predicts a slight growth of around 3 per cent y/y for PV volumes. On the commercial vehicles (CV) front, the outlook is more mixed. The report forecasts that overall CV volumes will remain relatively flat, with a small drop of approximately 3 per cent y/y, primarily due to lower light commercial vehicle (LCV) volumes. However, there are bright spots within the segment. Volumes for VECV's CVs are expected to have risen by 15 per cent, and the medium and heavy commercial vehicle (M&amp;H CV) growth forecast has been revised upwards to high single digits from mid-single digits, driven by robust demand for buses and ongoing replacement demand. The M&amp;H CV segment is further bolstered by increased infrastructure and economic activity, as well as a favourable comparison base from Q1 and Q4 of FY24.

Auto sector poised for robust growth in July 2024 with double-digit surge in two-wheeler sales: Anand Rathi report

<ul><li>The Indian electric two-wheeler market has reported improved sales in July 2023.</li><li>This comes after a significant decline in sales due to increased prices.</li><li>Ola Electric, TVS Motor and Ather Energy continue to lead the market.</li></ul>The revamped Faster Adoption and Manufacturing of Electric Vehicles (FAME) in India Phase 2<a href="https://www.businessinsider.in/business/auto/news/electric-scooters-and-bikes-may-get-costlier-as-government-looks-to-revamp-the-fame-ii-scheme/articleshow/100321089.cms"> scheme</a> and increased<a href="https://www.businessinsider.in/business/auto/news/tvs-ather-ola-hike-prices-of-electric-two-wheelers-as-new-subsidy-norms-kick-in/articleshow/100679993.cms"> prices</a> of electric two-wheelers resulted in a significant<a href="https://www.businessinsider.in/tech/mobile/news/indias-electric-two-wheeler-sales-decline-after-increase-in-prices/articleshow/101448399.cms"> decline</a> in sales in June 2023. While the prices have not been reduced, the sales have now slightly recovered in July, with major electric vehicle companies reporting an increase in sales. <cmsannotation type="cmsannotation" annotationid="July sales increase by up to 30%" comment="subhead" text="July sales increase by up to 30%">July sales increase by up to 30%</cmsannotation> Electric two-wheeler makers have reported an increase in sales of up to 30% during July 2023. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 2023 </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">June 2023 </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ola Electric </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">18,333 </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">17,622 </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.03% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Motor </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">9,599 </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7,856 </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">22.19% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ather Energy </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6,198 </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4,596 </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">34.86% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,912 </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,002 </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">30.31% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Okinawa Autotech </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2,138 </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2,619 </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-18.37% </td></tr></tbody></table> Source: Vahan Ola Electric, which has been leading the electric two-wheeler market for a few months now, sold 18,333 scooters in July, up from 17,622 scooters in June, an increase of 4.03%. The company recently started<a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms"> selling</a> the Ola S1 Air, its most affordable offering. As its sales began on July 28, its impact will be visible only in August’s reports. TVS Motor, the maker of the iQube electric scooters, reported sales of 9,599 scooters in July, up from 7,856 in June, an increase of 22.19%. Ather Energy, which was the worst hit EV maker, has also had the best recovery among the top companies. It sold 6,198 scooters in July 2023, up from 4,596 scooters sold in June, an increase of 34.86%. Bajaj Auto reported an increase of 30.31% in sales. The company sold 3,912 scooters in July, up from 3,002 scooters sold in June 2023. The only company in the top-five to report a decline in July 2023 is Okinawa Autotech. The company sold 2,138 scooters in July 2023, down from 2,619 scooters sold in June, a decline of 18.37%. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/cars-suvs-bikes-and-scooter-sales-number-in-july-2023/slidelist/102314290.cms">July auto sales: Maruti below estimates, Toyota records highest-ever show</a> <a href="https://www.businessinsider.in/tech/mobile/news/redmi-12-5g-vs-vivo-t2x-5g-comparing-the-budget-5g-smartphones/slidelist/102340914.cms">Redmi 12 5G vs Vivo T2X 5G – The sub-₹15,000 5G smartphone fight</a> <a href="https://www.businessinsider.in/tech/mobile/news/indias-smartphone-shipments-continue-to-slip-but-premium-segment-going-strong-with-samsung-in-the-lead/articleshow/102300347.cms">India’s smartphone shipments continue to slip but premium segment going strong with Samsung in the lead</a>

Electric two-wheeler sales recover after spending June in the pitlane

<ul class="summary-list"><li>Williams-Sonoma must pay $3.1 million after the FTC sued it over a violation. </li><li>The FTC requires retailers to be truthful about whether their products are made in the United States.</li></ul><a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/williams-sonoma-shopping-review-experience-selection-prices-2024-2">Williams-Sonoma</a> will pay $3.1 million after settling with the US government over accusations of falsely labeling products manufactured in foreign countries as "Made in USA."The <a target="_blank" class="editor-rtfLink" href="https://www.ftc.gov/news-events/news/press-releases/2024/04/williams-sonoma-will-pay-record-317-million-civil-penalty-violating-ftc-made-usa-order">Federal Trade Commission</a> and the <a target="_blank" class="editor-rtfLink" href="https://www.justice.gov/opa/pr/williams-sonoma-ordered-pay-record-civil-penalty-violating-administrative-order-prohibiting">US Department of Justice</a> announced the home essentials company's civil penalty in press releases shared on Friday. According to the FTC and DOJ, Williams-Sonoma violated a 2020 order requiring retailers to be transparent about whether products they sell are made in the US. A July 2021 <a target="_blank" class="editor-rtfLink" href="https://www.ftc.gov/news-events/news/press-releases/2021/07/ftc-issues-rule-deter-rampant-made-usa-fraud">FTC press release</a> notes that the order was implemented to discourage fraud.The DOJ filed a complaint against Williams-Sonoma on April 24 following a referral from the FTC."The FTC sued Williams-Sonoma in 2020, charging that the company advertised multiple product lines under its Goldtouch, Rejuvenation, Pottery Barn Teen, and Pottery Barn Kids brands as being all or virtually all made in the USA when they were not," the press release said.<a target="_blank" class="editor-rtfLink" href="https://www.ftc.gov/system/files/ftc_gov/pdf/OrderbyMagistrateJudgeLaurelBeelergranting.pdf">Court documents</a> attached to the press release showed that Williams-Sonoma admitted the allegations brought forward in the complaint were true. Williams-Sonoma agreed to a settlement, which the FTC said is the largest in a "Made in USA" case so far.<div type="image" title="Williams-Sonoma bags." height="2400" width="3595" msid="109671918" hostid="261"></div>The press release said the FTC learned Williams-Sonoma was advertising mattress pads at Pottery Barn Teens as "Crafted in America from domestic and imported materials" despite being made in China."In numerous instances, those mattress pads were wholly imported from China," the <a target="_blank" href="https://www.ftc.gov/system/files/ftc_gov/pdf/WilliamsSonoma-Complaint-FILESTAMPED.pdf">court document</a> reads.The FTC investigated and found six other products being falsely advertised as American-made.Williams-Sonoma has also agreed to stop using "deceptive claims and follow Made in USA requirements," the press release said.FTC Chair Lina M. Khan said Williams-Sonoma's business practices had a negative impact on consumers."Williams-Sonoma claimed its products were made in the United States even though they were made in China," she said in a statement. "Williams-Sonoma's deception misled consumers and harmed honest American businesses. Today's record-setting civil penalty makes clear that firms committing Made-in-USA fraud will not get a free pass."<div type="image" title="Shoppers in Williams-Sonoma." height="2146" width="3000" msid="109671919" hostid="261"></div>The company will be required to submit annual compliance certifications.Representatives for Williams-Sonoma did not immediately respond to a request for comment from Business Insider.Williams-Sonoma is on the upswing despite this latest setback.In <a target="_blank" class="editor-rtfLink" href="https://ir.williams-sonomainc.com/investor-information/news-releases/news-release-details/2024/Williams-Sonoma-Inc.-announces-fourth-quarter-and-fiscal-year-2023-results/default.aspx">Williams-Sonoma's Q4 and 2023 fiscal year results report</a>, the company's president and chief executive reflected on their growth."We outperformed in 2023 despite the slowest housing market in several decades and geopolitical unrest. Although this pressured our top-line trend, we stayed focused on full-price selling, supply chain efficiencies, and best-in-class customer service," she wrote. "We have transformed our business model and as a result, we delivered an operating margin well ahead of our pre-pandemic profitability."<a target="_blank" class="editor-rtfLink" href="https://www.marketbeat.com/stock-ideas/williams-sonoma-surged-20-and-could-double-in-price-from-here/#google_vignette">MarketBeat reported</a> in March that the company's stock rose because of "persistent outperformance and quality business."

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