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In its annual results published today (6 March), the asset manager said this was supported by the absence of restructuring costs. Meanwhile, the firm's operating profit was down 3% from £661m in 2023 to £640.5m last year following the impact of higher operating expenses, lower performance fees and reduced returns from its joint ventures. Schroders names Oliver Gregson as wealth management CEO The fall in returns from Schroders' joint ventures and associates – which declined from £51.1m in 2023 to £47.6m a year later – was mainly due to lower profits from the investment manager...

income tax only when you sell your holdings. While you need to pay taxes on your gains, you also get an opportunity to save taxes in case you incur losses. Short-term capital loss on selling equities can be adjusted against any short-term or long-term capital gains on selling equities. When it comes to long-term capital loss it can be adjusted only against long-term capital gain on equities. You are also allowed to carry over the losses for future years. This method, which is called tax harvesting method allows individual taxpayers to not pay capital gains tax on their equity shares and mutual funds. However, this method can only be effectively used only if you have long term capital gains (LTCG) on equities up to Rs 1.25 lakh or have any significant loss from equities. The reason for this is because LTCG up to Rs 1.25 lakh is non-taxable though you need to declare this income in the ITR. However, if you have any significant loss, then you can set off it against any capital gains in future and can even carry it forward for up to eight years. The best part is that the new tax regime does not specifically alter the rules for claiming capital gains losses. Moreover, the new tax regime maintains the same rules as the old tax regime for carrying forward losses.

Trump administration has suspended the use of military aircraft for deporting migrants, citing high costs and inefficiencies, according to defense officials, as reported by Wall street journal. The last such flight took place on March 1, and no further flights are currently scheduled, officials confirmed. Initially implemented as part of President Donald Trump's hardline immigration policies, the use of military flights was intended to send a strong message regarding the administration’s crackdown on illegal immigration. Defense Secretary Pete Hegseth previously stated, “The message is clear: If you break the law, if you are a criminal, you can find your way at Guantanamo Bay… You don’t want to be at Guantanamo Bay.” ALSO READ: OPT and H-1B changes: Indian students face uncertainty as US immigration policy debate heats up

Indian Railway Finance Corporation (IRFC) shares surged 3.14% to an intraday high of Rs 121.45 on the BSE on Thursday as the company aims to improve margins by expanding lending beyond railway projects. The newly designated Navratna PSU is exploring financing metro projects and other infrastructure linked to Indian Railways, officials said. In addition, IRFC is assessing opportunities to refinance loans disbursed by multilateral institutions such as the World Bank. This move is significant given the fluctuations in the cost of dollar-denominated borrowings.

Wipro shares will be in focus on Thursday after the company introduced TelcoAI360, an AI-first managed services platform aimed at helping telecom operators scale technology solutions while reducing costs and enhancing customer experience. Developed in collaboration with Wipro’s AI partner ecosystem and leveraging ServiceNow’s telecommunications industry solutions suite, TelcoAI360 is designed to streamline operations, improve network performance, and strengthen security for telecom providers.

Trump might turn to unconventional ideas to try to bring the ballooning U.S. debt under control, after the president insisted he won't cut popular health and retirement benefits. Some of Trump's advisers have espoused unorthodox ideas in recent months, including forcing foreign governments to swap Treasuries for cheaper bonds in order to reduce interest payments and selling residency cards to rich foreigners at $5 million a pop.

Subscribe to enjoy similar stories. Kannada actor Ranya Rao hit the news after being arrested for alleged gold smuggling at Bengaluru airport on Monday. She was reportedly trying to sneak in 14.8kg of the precious metal from Dubai.

Subscribe to enjoy similar stories. In recent years, the government’s policy on disinvestment has been cloudy. While it has in the past endorsed the mantra that ‘the government has no business being in business,’ its actions would suggest otherwise.

California has paused rebate programs offering thousands of dollars to consumers who make their homes and appliances more energy efficient due to a Trump administration freeze on federal funding.

Toronto Dominion Bank reduced its top executives’ pay last year, but also approved a conditional award of US$2 million to its U.S. banking head as the lender looks to fix its anti-money laundering (AML) program after being sanctioned last year.

shipping executives gathered this week in Long Beach, California, for a major annual conference, expecting to discuss market trends and supply chain challenges. Instead, they found themselves in crisis mode. On Tuesday, President Donald Trump upended decades of mostly free trade with the two biggest US trading partners, slapping 25% tariffs on goods from Mexico and Canada. The White House also layered another 10% duty on China on top of an identical hike a month before.

Zydus Lifesciences on Wednesday said it has launched ANVIMO, a breakthrough medication for the prevention of Cytomegalovirus infection for haematopoietic stem cell transplant and kidney transplant patients. ANVIMO (Letermovir) will be available in dosages of 240 mg and 480 mg, the drug firm said in a statement. CMV infection remains one of the most serious complications in transplant patients, often leading to graft failure, decreased survival and prolonged hospital stays. Traditional CMV treatments, such as ganciclovir and valganciclovir, have notable limitations, including toxicity and bone marrow suppression.

Subscribe to enjoy similar stories. Target boss Brian Cornell and his team were walking through a New York City conference center Monday night when the news broke: President Trump was following through on his tariff threats. The retailer’s executives huddled sitting on sofas in a greenroom next to the stage where they would meet with their biggest investors on Tuesday.

Donald Trump's long-threatened tariffs are here, plunging the country into an escalating trade war with China, Canada and Mexico. Trump’s 25% tariffs on imports from Canada and Mexico went into effect Tuesday, along with a heightened 20% levy on Chinese goods. In response, all three countries announced retaliatory measures. Experts say consumers and businesses will be the hardest hit. Companies big and small will face higher costs on the goods they buy from other countries — and could have little recourse but to hike prices themselves. For consumers, that will likely mean more expensive price tags on everything from cars, appliances and other big-ticket items to smaller, everyday purchases including electronics, gasoline and groceries.

egg prices continue to rise across the US, President Donald Trump is likely to outline his plans to curb soaring costs that have burdened American households in his address to Congress. According to excerpts obtained by the BBC, Trump will say President Joe Biden «let the price of eggs get out of control—and we are working hard to get it back down.» Earlier, the Trump administration has unveiled a $1-billion plan to combat the ongoing bird flu crisis, which has significantly reduced egg production across the country. U.S. Department of Agriculture (USDA) Secretary Brooke Rollins announced on February 26 that most of the funds would be allocated to assisting farmers, expanding biosecurity programs at egg-laying facilities, and researching a vaccine to control the virus.

Subscribe to enjoy similar stories. President Trump won the Presidency a second time by promising working-class voters he’d lift their real incomes. Which makes it all the more puzzling that he’s so intent on imposing tariffs that will punish those same Americans.

Subscribe to enjoy similar stories. Toy makers are worried, as everything from dolls to board games is about to get more expensive. Hundreds of toy companies, ranging from giants such as Hasbro, Mattel and Lego, down to the smallest tinkerers, gathered at New York’s Toy Fair in recent days with the spectre of tariffs looming large.

Non-bank lenders and companies could spend less on foreign-currency loans as the Reserve Bank of India's (RBI) $15-billion dollar-rupee swaps, aimed at boosting domestic liquidity, have also helped reduce the benchmark rate used to price currency risks in the country. The Mumbai Interbank Forward Offer Rate (MIFOR), which gauges currency risk when Indian companies bring dollar funds into India, has fallen over the past month after the RBI bought dollars from banks with an agreement to sell them back three years later, indicating the central bank is ready to lend dollars at a cheaper rate to the market.

Tariffs on Canada and Mexico took effect Tuesday — and they're bound to raise prices for consumers, sometimes in unexpected ways, according to economists.

For fans wanting to see him live, here is a guide for ticket options, pricing, and dates on the tour.

Subscribe to enjoy similar stories. IPO-bound online investment platform Groww has issued compulsorily convertible preference shares as bonus to existing investors, including Peak XV and Ribbit, according to a Competition Commission of India’s notice. According to the notice issued on 3 March, the transaction will also result in collapse of the differential voting rights (DVR) held by Harsh Jain, Lalit Keshre, Neeraj Singh and Ishan Bansal, the founders of Groww.