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₹20 lakh and entered into a JDA with a local builder on 5 June 2021. The agreement stipulated that the builder would construct four flats, three of which would belong to Mr A, with the builder retaining one. The builder would also find buyers for two of Mr A’s flats.

Reintroduced indexation for property disallows loss offsets, excludes NRIs Real estate buyers get tax breaks on both the loan used to buy the property and income earned from it, i.e, rent. On a let-out house, the full interest paid towards home loan can be deducted. In the case of a self-occupied or an empty house (not rented out), interest up to ₹2 lakh can be deducted.

older Americans will pay when they fill those prescriptions. White House officials said Wednesday night they expect U.S. taxpayers to save $6 billion on the new prices, while older Americans could save roughly $1.5 billion on their medications. Those projections, however, were based on dated estimates and the administration shared no details as to how they arrived at the figures. Nonetheless, the newly negotiated prices — still elusive to the public as of early Thursday morning — will impact the price of drugs used by millions of older Americans to help manage diabetes, blood cancers and prevent heart failure or blood clots.

The recent budget presented by the finance minister saw a spurt of adverse commentary on the proposals relating to capital gains transactions, particularly with reference to the removal of indexation benefits. In response, the government partially restored the benefits to a segment of taxpayers.

Brides and florists are having sticker shock at the inflated prices of floral arrangements for weddings.

LightShed Ventures partner Rich Greenfield unpacks the amusement parks earnings on The Claman Countdown.

Former IMF chief economist Kenneth Rogoff discusses the state of the economy following the July CPI report.

Britain's economy grew 0.6% in the second quarter of 2024, official figures showed on Thursday. Economists polled by Reuters had forecast an expansion of 0.6%, building on a rapid 0.7% recovery in the first quarter of the year from a shallow recession in the second half of 2023. At the start of the month the Bank of England raised its annual growth forecast for 2024 to 1.25% from 0.5% due to a stronger-than-expected start to the year and an expectation of 0.7% quarter-on-quarter growth in the three months to June.

With their high liquidity and transparency, they allow investors to tap into precious metals' enduring value, mitigating market fluctuations risks and ensuring a balanced investment strategy. Over time, and with the advent of Exchange Traded Funds (ETFs), investing in precious metals like gold and silver has become more accessible, lower cost, and efficient for individual investors. In fact, Indian investors have already put in over Rs 40,000 crore in gold and silver ETFs.

Chinese EVs and Indian container shortage have in common? In one word, everything. With the US imposing a 100% anti-dumping duty on Chinese electric vehicles from August 1 and several countries in Europe planning to follow suit in September and October, the Chinese EV industry has been on production overdrive to ship as many vehicles as possible before the duty deadline. This pile up of inventory has clogged an already stretched logistics network. Siddharth Jairaj, CEO, TVS SCS global forwarding solutions said, “Because of the anti-dumping duties, China has been shipping out huge numbers of electric vehicles since April and May to beat the duty deadlines. So global nodal ports like Singapore and Colombo and clogged.” As containers are being diverted to cater to “Chinese inventory, the port congestion is spreading and has now hit India too,” he added.

According to SBI's website, the one-year MCLR has increased from 8.85% to 8.95% starting from August 15, 2024. Home loan interest rates August 2024: Banks offering cheapest home loan interest rates for amounts above Rs 75 lakh

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday's report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. Measured from a year earlier, prices rose 2.9%, down from 3% in June. It was the mildest year-over-year inflation figure since March 2021.

scooter maker Ola Electric on Wednesday reported a 32% jump in revenue for the first quarter of fiscal year 2025 to ₹1,644 crore, while net loss widened to ₹347 crore, from a loss of ₹267 crore a year ago. The firm's automotive division saw total income jump 34% to ₹1,722 crore, while loss after tax for the segment widened to ₹233 crore, from a loss of ₹189 crore a year ago. Its battery division reported an income of ₹5 crore for the quarter, with a loss after tax of ₹37 crore.

Amidst the heated debate, Vatsal Sanghvi, founder of 1811 Labs, a Bengaluru-based startup focusing on GenAI SaaS products, stepped forward to defend Cognizant's position. He stated that the salary should be considered a «training stipend» rather than a full-fledged salary, citing concerns over the quality of fresh graduates entering the workforce. “The quality of freshers is often so bad that even Rs 20k per month is overspending. Most don’t know how to communicate professionally, can’t code properly, and don’t know how to behave in a professional environment,” Sanghvi shared on X (formerly Twitter). He emphasized that the market is open, and those who believe the compensation is inadequate are free to seek opportunities elsewhere. “It is an open market—don’t apply if you don’t think it’s fair. Unlike other gigs, there’s plenty of opportunity to grow if these individuals focus on building skill,” he added.

Canadians are managing to keep up with their mortgage payments in the face of higher interest rates, but a new Statistics Canada analysis suggests there are cracks forming on other kinds of debt.

Inflation cooled last month to its lowest level in several years, data today from the Bureau of Labor Statistics show, reenforcing estimates that the Social Security COLA next year will be around a modest 2.6 percent.

A new study by Corebridge Financial reveals that while many Americans possess a basic understanding of life insurance, that still leaves a lot of room for client education and awareness-building.

reported HT Auto.As per the publication, the Thar Roxx is priced starting at ₹12.99 lakh for the entry-level petrol manual variant and ₹13.99 lakh for the base diesel manual model, with all prices reflecting ex-showroom costs. This new model aims to build on the impressive success of the Thar’s original three-door version.Reportedly, this SUV maintains the fundamental design ethos of the Thar lineup but introduces several unique features.

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

Deciding between a hybrid vehicle and a plug-in hybrid vehicle comes down to three questions