COST Financial News

The North East Region (NER) in India is not just a beautiful amalgamation of culture, cuisine, exotic landscapes, and varied flora & fauna. The region is strategically located across India, South Asia, and Southeast Asia, and holds tremendous potential for trade, businesses, and industries.

Taxation of profits or gains from property sale occurs at a fixed rate of 20%, provided the asset has been held for over 24 months. While this rule might seem straightforward, the actual calculation of these gains is far from simple. From delving into old stamp duty receipts to acquiring valuation reports, the steps to accurately determine the figures are quite intricate. Therefore, taxpayers should safely keep various documents in connection with the purchase and sale of immovable property to facilitate precise tax computation and smooth tax assessments.

₹1,700 crore debt from international lenders for the projects being executed by its parent Adani Transmission. "We will be investing more than ₹2,000 crore for this, of which ₹1,700 crore will be debt-funded," the official said, adding the project also includes setting up a 400-kV substation which will raise the transmission capacity by 1,500 mw, as the company expects the peak demand for the megapolis to cross 5,000 mw mark by FY25 from around 4,000 mw now.

₹25 per kg through retail outlets and mobile vans from Monday in fear of prices touching triple digits ahead of the festival season. It imposed a 40% duty on onion exports on Saturday to improve domestic supplies and tame inflation during the upcoming festival season.

semiconductors and electronics in the one year since President Joe Biden signed off on a law that promotes the sector. In June, US-based Intel said it would invest $33 billion in Germany to expand in Europe. The number of semiconductor fabs processing 300-mm wafers globally is projected to jump from 138 in 2020 to 180 in 2023 and 233 in 2027.

paperboard surged by 39 per cent at 409,000 tonnes in the first quarter of 2023-24 against 294,000 tonnes in the year-ago quarter, according to an industry body. In value terms, imports rose by 28 per cent to Rs 3,153 crore in the first quarter of FY2023-24 compared to the year-ago period, Indian Paper Manufacturers Association said citing Directorate General of Commercial Intelligence and Statistics data. The surge in imports comes on the back of a 25 per cent increase in paper and paperboard imports in FY2022-23 over the previous fiscal, according to the official trade data. In FY23, paper and paperboard worth Rs 12,531 crore were imported. In the April-June period of FY24, imports from ASEAN jumped nearly three-fold and from China by 37 per cent in volume terms. Imports of all grades of paper accelerated in the first quarter with the highest jump of 214 per cent seen in imports of uncoated writing & printing paper, 28 per cent in coated paper and paperboard, 15 per cent in kraft paper and 65 per cent in tissue paper imports. The top import sources of uncoated writing & printing paper are Indonesia, Singapore and China. The top import sources of coated paper and paperboard are China, Japan and South Korea, the Indian Paper Manufacturers Association stated in a statement.

bits by cannon balls and left hanging from trees for their alleged roles in the Uprising. Now it took a trial in court and determination of guilt, at least on paper, but those charged with grave offences could still be put to death by the state apparatus. What freedom in 1947 brought was a substantial measure of justice in general, but self-rule has not yet translated into a ban on this particular practice.

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. Is university worth it? That question once seemed a no-brainer.

Bank of Baroda (BOB) has put actor Sunny Deol's Mumbai property on e-auction for failing to pay back a loan of about Rs 56 crore and interest on that. In the newspaper advertisement — that has been widely circulated in the social media- BOB has said borrower Ajay Sing Deol alias Sunny Deol owes the bank about Rs 55.99 crore plus interest and cost from December 26 onwards less recovery upto date. Newspaper advertisement had used actors real name, Ajay Sing Deol.

In the dynamic realm of cryptocurrency, Bitcoin (BTC) continues to capture attention as it showcases a rise of over 0.50%, reaching $26,133 on Sunday. Notably, the support at $26,000 appears to have effectively prevented further losses for the cryptocurrency.

United States and had their student visa cancel could face a five-year entry ban to the country, TOI in a report said. These students can also face problems when they try entering other popular international study destinations such as Canada, the UK, and Australia, experts said The same report also said that this can also create long-term implications for these individuals if they want to get an H1B visa in the future unless endorsed by major MNCs. Financially, the cancellation of the F1 visa results in substantial losses as students forfeit expenses including visa fees, airfare, university application costs, consultant charges, and more, which could total around ₹3 lakh.

infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.65 lakh crore in July 2023, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,646 projects, 388 reported cost overruns and as many as 809 projects were delayed. «Total original cost of implementation of the 1,646 projects was over Rs 23,92,837.89 crore and their anticipated completion cost is likely to be Rs 28,58,394.39 crore, which reflects overall cost overruns of Rs 4,65,556.50 crore (19.46 per cent of original cost),» the ministry's latest report for July 2023 said. According to the report, the expenditure incurred on these projects till July 2023 was Rs 15,21,550.38 crore, which was 53.23 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreased to 602 if the delay is calculated on the basis of the latest schedule of completion.

TPG Telecom customers have complained to the competition watchdog that they are being held “to ransom” after the internet provider told them it would get rid of their email accounts unless they agreed to transfer them to another company.

Nissan is recalling more than 236,000 small cars in the U.S. because the tie rods in front suspension can bend and break, possibly causing drivers to lose steering control

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company

job in her chosen field of market research despite sending out thousands of CVs to Chinese employers. The months-long search has taken an emotional toll on the 23-year-old, who had ironically conducted a survey on jobseeking anxiety as part of her university studies. «After graduating, I've found that the pressure is really huge,» she told AFP at a recruitment fair in Beijing this weekend, declining to provide her full name for fear of repercussions.

BHP is set to bank a handy windfall on the back of Occidental Petroleum’s $US1.1 billion ($1.72 billion) acquisition of a Canadian carbon capture pioneer, but it won’t be enough to prevent Australia’s biggest company from reporting a substantial profit decline on Tuesday.

Jacksonville Jaguars (1-0) versus the Detroit Lions (1-0).

Since Borroe seeks to revolutionize blockchain invoicing and discounting in the NFT and Web3 space, its presale continues to be the talk of the town as Dogecoin (DOGE) and Bitcoin Cash (BCH) remain shaky.

The fires that broke out on Maui last week have exacerbated Hawaii’s housing crisis as more than 3,000 buildings in Lahaina were damaged or destroyed, leaving many wondering if homeowners can afford to rebuild

Activist investor Starboard Value has taken a nearly 10% stake in Bloomin’ Brands, the parent company of restaurant chain Outback Steakhouse