Business Brief:Reliance Consumer signs ₹40,000 crore pact with govt to build food factory; EPFO may postpone PF money withdrawal facility from ATM to next year

Here’s a brief outlook on today’s key events and a recap of major business news headlines on Thursday. Before yesterday’s big news, today’s headlines to watch… Now read yesterday’s big news… 1. PF money can be withdrawn from ATM from next year: Service was to start before Diwali, discussion expected on 10-11 October The Employees’ Provident Fund Organization (EPFO) may postpone the launch of its new digital service ‘EPFO 3.0′ until January next year. Under this scheme, people were to be given the facility to withdraw PF money from ATMs. The government had said that this would provide convenience to 8 crore EPFO subscribers. 2. Reliance signed an agreement of ₹40,000 crore with the government: Under this, RCPL will set up integrated food manufacturing facilities across the country Reliance Consumer Products Limited (RCPL) is going to build integrated food manufacturing facilities across the country in collaboration with the government. The company has signed an agreement worth ₹40,000 crore with the food processing ministry for this on September 25. 3. Now you can submit the tax audit report by October 31: Date extended on businessmen’s demand, no change in ITR filing deadline The Income Tax Department has extended the last date for submitting the tax audit report by one month. For the financial year 2024-25, it was earlier September 30, but now it has been extended to October 31. This decision was taken on the demand of professionals and businessmen. 4. Gold prices fall, silver becomes expensive: Gold falls by ₹352 to ₹1.13 lakh, silver sells at ₹1.35 lakh per kg Gold prices fell on September 25. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold decreased by ₹352 to ₹1,13,232. Previously it was at ₹1,13,584. Meanwhile, silver increased by ₹467 to ₹1,34,556 per kilogram. On September 23 this month, gold made an all-time high of ₹1,14,314 and silver made an all-time high of ₹1,35,267. 5. Jaguar Land Rover plants to stay shut until Oct 1:Tata Motors-owned factories remain shut for 3 weeks after cyber-attack After the cyber attack, Jaguar Land Rover, owned by Tata Motors, extended the decision to keep its manufacturing plants closed until October 1. The production halt was initially until September 24. Operations have been stalled for nearly three weeks. Approximately 70% of Tata Motors’ revenue comes from Jaguar Land Rover, or JLR. The estimated loss from this cyber attack could reach 2 billion pounds (around ₹23,000 crore), which is more than the company’s annual profit. Petrol/Diesel Prices As of Friday LPG Prices As of Friday