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One area that has sparked a lot of questions since budget day about the proposed increase in the capital gains inclusion rate is how capital losses will be treated, particularly this year when two separate rates will apply.

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Brookfield India Real Estate Trust (Brookfield India REIT) has leased over 1.1 million sq ft office space during the quarter taking its total gross leasing to over 2.3 million sq ft, including 1.8 million sq ft of new leasing and 5 lakh sq ft of renewals.

Web3 ecosystem presents a transformative opportunity for India, with the potential to redefine the digital economy, contributing an estimated USD 1.1 trillion to the GDP in the coming years, creating millions of new jobs, and strengthening the country’s global standing. India currently boasts the third-largest Web3 talent pool globally, with 12% of the world’s Web3 developers in the country, contributing to the development of the global Web3 ecosystem. The massive Web3 talent pool residing in the country has led to innovation in diverse areas within the space. This includes decentralized finance (DeFi), metaverse, and non-fungible tokens (NFTs), among others, aiming to solve the most pressing issues facing our country. However, despite this impressive foundation, the sector’s growth is hindered by an outdated taxation framework. The upcoming Union Budget offers a crucial opportunity to address these challenges and unlock the full potential of Web3 for India’s economy.

Aditya Birla Fashion and Retail (ABFRL) on Wednesday said its board has approved raising $500 million (about ₹4,320 crore) through a mix of preferential issuance and Qualified Institutional Placement (QIP) to reduce debt and accelerate its growth plans.

Kolkata has overtaken Bengaluru to become India's most congested city according to the 2024 TomTom Traffic Index. It is the world's second slowest moving city trailing only behind Barranquilla. Bengaluru and Pune follow at third and fourth spots, respectively. Dutch technology firm TomTom annually evaluates traffic conditions in major cities worldwide. Kolkata's average speed was 17.4 kmph, taking 34 minutes and 33 seconds to complete 10 kms. Bengaluru drivers took 34 minutes and 10 seconds to complete a similar journey. Commuters in Pune took 33 minutes and 22 seconds to travel 10 kms on an average.

Bengaluru edged out Chennai as India’s top city for women, according to the third edition of the ‘Top Cities for Women in India’ (TCWI) report released by workplace culture consulting firm, The Avtar Group.

Torrent Power, one of the largest private utility companies in the country, has raised ₹3,500 crore through qualified institutional placement (QIP), the company said on Monday. This is the first equity raise by the company and also the first in the last three decades by Torrent Group.

Lok Sabha that 519 Indian nationals were deported from the United States, for being declared «unauthorised to stay» by American authorities, within a year's time, says a TOI report. ALSO READ: US Visa Bulletin December 2024: Indian applicants in some Green Card categories move forward Replying to questions by TMC member Mala Roy on the deportation of Indians from USA, minister of State for External Affairs Kirti Vardhan Azad told the Lower House in a written reply that, «as per US government data, a total of 519 Indian nationals were deported to India during the period November 2023 to October 2024. Deportations are carried out by the US government through commercial and chartered flights.»

Japan's Tokyo is seeing foreign men now flocking to Tokyo for “sex tourism” as against the tradition of Japanese men travelling to foreign lands for it, reported The Star. “Japan has become a poor country,” he told This Week in Asia at the organisation’s offices. Nearby, in a park that’s become synonymous with the city’s sex trade, young women wait for customers before the sun has even set. Tanaka’s organisation noticed an increasing number of foreigners frequenting the park as soon as pandemic-era travel restrictions were dropped. This influx has coincided with a troubling rise in teenagers and women in their early twenties turning to the sex industry to survive alongside an alarming increase in violence.

Baba Vanga and Nostradamus are gaining traction for their eerily similar predictions for 2025. Blind Bulgarian mystic Baba Vanga became a cult figure among conspiracy theorists after some of her predictions turned out to be true. Also called the Nostradamus of the Balkans, Baba Vanga is said to have predicted some of the major world events like the 9/11 terror attacks, the death of Princess Diana, the Chernobyl disaster, and Brexit. On the other hand, ancient French astrologer Michel de Nostredame, also known as Nostradamus, has also made many accurate predictions. These legendary prophets, known for their astonishingly accurate forecasts, have made strikingly similar prophecies, including alien contact with humans, an assassination attempt on Vladimir Putin, terrorist attacks in Europe, and a tumultuous reign for King Charles.

Nisus Finance Services (Nifco), a real estate investment firm, is in the process of raising approximately $200 million from investors in Singapore, the UK, and the Middle East. The inaugural special situations offshore fund has secured $40 million to date and anticipates the first close by March 2025. An offshore entity will act as a feeder or co-investor in the domestic fund and has commitments of around $40 million. «This capital can be invested alongside the domestic pool, which is nearing final closure. We have an additional $160 million under discussion, with interest from HNIs, bank treasuries, and family offices for high-yield assets,» said Amit Goenka, managing director and CEO of Nisus Finance.

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, has extended its winning streak, climbing above $65,500 and reaching an intra-day high of around $66,000, suggesting bullish Bitcoin price prediction.

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We have seen in the past how election results sway stock markets in India, adding or wiping out investor wealth by lakhs of crores of rupees within a few hours. This time, on June 4th, when the counting of votes for the Lok Sabha election results was underway, the Indian stock market nosedived, wiping out over Rs 20 lakh crore of investor wealth. However, since then, we’ve witnessed a massive revival in stock prices, with the Nifty rebounding over 10% from its intraday lows on June 4th. The jitters among investors were created on election results day after it emerged that the BJP-led NDA would have to settle with a much lesser number of seats than expected.

Memphis city in the state of Tennessee has been ranked as the place with the highest number of deadly car accidents in the US. This study has been conducted by the Consumer Affairs Research Team by analyzing the car crash data from the National Highway Traffic Safety Administration’s 2022 Fatality Analysis Reporting System and the Crash Report Sampling System.

Uttar Pradesh's Prayagraj Lok Sabha constituency is expected to witness an interesting electoral battle with some sections of voters here raising local issues such as cleanliness and healthcare facilities, while many seeing the poll as a fight to save the Constitution and the unique «Ilaahabadi» culture. From the confluence of Ganga, Yamuna and the invisible Saraswati, to the Allahabad University and the high court, Prayagraj has been a revered seat of education, spirituality and syncretic culture in Indian history. One of the largest and most populous districts of Uttar Pradesh, it also takes pride in giving India seven prime ministers. «The city has produced so many politicians, civil servants. It has three Bharat Ratna awardees within a radius of one km and has given seven prime ministers to the country. This city is a heritage. The Kumbh mela has been celebrated from ancient times, then it became a Mughal garrison town, then the British Empire came in,» Zafar Bakht, a cultural activist, told PTI. «Allahabad has always shown resistance. The people here have a 'hekdi' (arrogance) and don't cow down to anyone. It's intellectually a very vibrant city and if some mistake has been committed in the past, this city will rectify it, be assured of that,» said Bakht, who identified unemployment and youth distress as major issues here this election.

₹700 crore ($85 million) in brownfield expansion through FY25. This capital expenditure (capex), she revealed, will mostly be assigned towards the contract development and manufacturing organisation (CDMO) segment of the company. “The plan for the next year will be to uphold our continued focus on revenue growth, brownfield organic expansion, Ebitda and net debt to Ebitda ratio improvement.

Punjab National Bank (PNB), one of India's major state-run lenders, is set to complete a significant share sale to institutional investors within the next six months, Chief Executive Officer Atul Kumar Goel has said. The move is part of an effort to bolster the bank's capital reserves, Goel told Reuters in an interview. In December, the bank's board approved a plan to raise 75 billion rupees (approximately $898 million) through equity capital.

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Apple TV+ series, inspired by Sandra Barneda's novel, to debut June 26 with a global release of the first two episodes.