Beyond Financial News

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

real estate consultant released its 'Affordability Index' for the top eight cities for the first six months of the 2023 calendar year. The index tracks the EMI (Equated Monthly Instalment)-to-income ratio for an average household. It indicates the proportion of income that a household requires, to fund the EMI of a housing unit in a particular city.

(Reuters) — The Russian rouble weakened past 95 against the dollar on Thursday, in a volatile week filled with speculation over how the authorities might stabilise the currency after a 350-basis-point rate hike seemed to have a limited effect.

Also Read: Warren Buffett’s legacy will extend well beyond wealth According to the Newsweek report, Buffett's company spent only $1.4 billion in buybacks—a modest sum for the stock market and much less than the $4 billion it spent in the first quarter. The Nebraska-based legendary investor Warren Buffett, also nicknamed ‘Oracle of Omaha’, is widely followed by investors across the globe and his decisions are closely analyzed.

ITR, the income tax department can send you an income tax notice. According to tax experts and chartered accountants, there are broadly six types of income tax notices that a salaried individual may receive from the income tax department. Read below to find out what are the different types of income tax notices that you may receive.

MUMBAI — Buying unpopular stocks and selling the popular ones is one of the key strategies adopted by Counter Cyclical PMS, which has helped its smallcap fund give multibagger returns over a 3-year period. “We try to stay ahead of the curve, by spotting promising companies early, before they come into the limelight,” says Keshav Garg, director, Counter Cyclical PMS.

Nifty closed the volatile session 30 points higher at 19,465, witnessing recovery from intraday lows. The index gained support near the 19,300 level where buying emerged during the day. The index formed a small positive candle on the daily chart with minor upper and lower shadow.

India to 60-80% in the next five-ten years, people aware of the development told ET. A primary request of the government is that industries operating in India look to implement new production techniques, such as surface-mount technology (SMT) lines, to step up the local value-addition percentage, one of the people said. “So, for example, in the IT hardware production-linked incentive (PLI) scheme, the government wants the industry to go beyond the assembly of components.

The Associated Press has issued guidelines for its journalists on use of artificial intelligence, saying the tool cannot be used to create publishable content and images for the news service

Spain vs Sweden semi final match in the FIFA Women’s World Cup 2023 created history by becoming the most-watched game in a Women’s World Cup. At one point in time, as many as 3,755,000 people were watching the match on Spain’s government-controlled RTVE La 1 channel, besides 43,217 spectators in the Auckland Park stadium in New Zealand.

A Massachusetts millionaires tax can encompass people who rise above the $1 million earnings threshold only briefly as the result of the sale of a home or business, but financial advisors say most of their clients won’t be affected.

NEW DELHI : Production of the iPhone 15, which is likely to be unveiled next month, has started at the factory of Apple’s contract manufacturer Foxconn near Chennai, two people familiar with the development said, the first time an Apple smartphone is being assembled in India before its international launch. Foxconn, the world’s largest electronics manufacturer, is assembling these devices at its Sriperumbudur facility in Tamil Nadu, even as it expands its local manufacturing operations beyond smartphones. “One of the units of Foxconn has started making the latest model.

Some Bank of Ireland customers were able to withdraw money they did not have Tuesday and early Wednesday, thanks to an hours-long technical glitch that also halted many of the bank’s online services

IPC), a colonial relic, was meant to, first and foremost, protect British interests. Last week, home minister Amit Shah, after introducing three new criminal codes — Bharatiya Nyaya Sanhita (BNS), Bharatiya Nagrik Suraksha Sanhita (BNSS) and Bharatiya Sakshya Bill (BSB) — emphasised the need to break free from colonial legacies. He accurately stated that the colonial criminal system focused on harsh punishments, lacking justice for Indians.

Income Tax department on Wednesday prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh. The Central Board of Direct Taxes (CBDT) has notified the Income Tax Amendment (Sixteenth Amendment), Rules, 2023, prescribing rule 11UACA for calculating income with respect to the sum received upon maturity of life insurance policies wherein the amount of premiums exceed Rs 5 lakh and such policy/policies are issued on or after April 1, 2023. According to the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) will only be applicable if the aggregate premium paid by an individual is up to Rs 5 lakh a year. For premiums beyond this limit, the proceeds will be added to the income and taxed at applicable rates. The change in tax provision with regard to life insurance policies, except ULIP, was announced in the Union Budget 2023-24.

carbon sequestration has emerged as a powerful ally in our fight against rising carbon dioxide levels and the resulting environmental repercussions. Businesses are seeing the value of incorporating environmental, social, and governance (ESG) concepts into their operations as the world struggles with the effects of climate change. Carbon sequestration stands out among these ideas as a crucial business requirement.

Warren Buffett’s annual letters to shareholders are widely anticipated. A mix of self-deprecating humour and investment rules he lives by, they also offer an unusually candid look at his company Berkshire Hathaway’s successes and missteps during the year. His latest letter earlier this year began in a much more reflective mood, however.

₹15,108 crore between April and July this year. Small cap MFs largely invest in small cap stocks. These are stocks that rank beyond the top 250 in terms of market capitalization.

Chandrayaan-3 and Russia's Luna-25 gearing up for lunar landings next week, each mission holding significant implications beyond the thrilling competition in the skies. While Chandrayaan-3 plans to be the first to land on the Moon's south pole, Luna-25's swift trajectory has cast new light, say experts as anticipation builds up. The proximity, possible overlap, of their landing dates — August 21-23 for Luna-25 and August 23-24 for Chandrayaan-3 — has intensified global attention.

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World Cup has been an arena of captivating drama and riveting entertainment in recent weeks. As England and Australia vie for a coveted spot in the final against Spain, the anticipation mounts. To ensure an exceptional viewing experience for the audience during this year's fixtures, esteemed broadcasters are taking the reins, with luminaries like Gabby Logan spearheading the BBC's coverage and Laura Woods at the helm of ITV's presentation.