Experts Financial News

Debopriyo Bhattacharyya purchased a flat in 2017 after taking a loan of Rs 30 lakh. Bhattacharyya is planning to sell the flat in the near future and also purchase another flat by investing the amount remaining after repayment of the home loan. In an email sent to FE Money recently, Debopriyo asked whether he would be liable for taxes against the flat sale irrespective of the amount or the residual amount in his hand after buying the new flat.

Amid the ongoing Navratri festival in India, there has been a surge in Gold prices. At the time of writing today (October 23), 24-carat gold was selling at Rs 6145 per gram in Mumbai, up by around Rs 1350 per gram since October 17. The eruption of a fresh conflict in West Asia is being seen as the prime reason behind the recent surge in Gold prices.

Concerned that the cut in the highest tax rate on personal income from 42.74% to 39% in the Budget FY24 hasn’t curbed tax evasion among high net worth individuals (HNIs), the income-tax department is all set to crack down on the super rich who underpay their taxes.

Inflation, High Cost Of Loans..; How Israel Hamas ... moreInflation, High Cost Of Loans..; How Israel Hamas War Will Affect You? Detangle With Mint #inflation #israel #hamasattack #india #china #saudiarabia #iran #hezbollah #middleeast #crudeoil #oil #gold #jwellery #diamonds #narendramodi #benjamin #benjaminnetanyahu #abhinavtrivedi #mint #economy #food #grains #cereals #pharmacy #energy #adanigroup #sunpharma #infosys #tech #techmahindrasharelatestnews #job #joebiden #employment #sharemarket #stockmarket #middleclassfamily #incometax #loans #debt #credit #banks #rbi #dollar #currency #currentaffairs Mint is an Indian financial daily newspaper published by HT Media.

Tens of thousands of people, many of them Chinese, have been caught up in cyber scams based in Southeast Asia

registered offices easily from one state to another according to the choice of the new promoters if there is no pending investigation, as the government has tweaked the relevant rules. In its latest notification, the Ministry of Corporate Affairs (MCA) has made suitable changes to the rule 30 of the Companies (Incorporation) Rules, 2014, which essentially deals with the shifting of registered corporate offices. It now adds a new proviso to the rule that says: “…where the management of the company has been taken over by new management under a resolution plan approved under section 31 of the Insolvency Bankruptcy Code, 2016, and no appeal against the resolution plan is pending in any court or Tribunal and no inquiry, inspection, investigation is pending or initiated after the approval of the said resolution plan, the shifting of the registered office may be allowed.” The new rule came into force on October 21. Experts say the move comes as a relief for new promoters who want the registered offices of the insolvent firms shifted to another state or Union territory to achieve better operational synergy with their other businesses. As many as 720 companies were rescued under the insolvency law since it came into being in late 2016, according to the data compiled by the Insolvency and Bankruptcy Board of India (IBBI).

Chhattisgarh gears up for the assembly elections next month, the opposition BJP in the state faces an uphill task to win the support of tribal population, that is said to have significantly influenced the poll outcome in the past. In the 2018 state polls, the BJP suffered a huge setback in tribal-dominated seats.

Vijayadashami is celebrated almost in every part of the country and there are several tales associated with it, the most popular being the defeat of the Ravana by Lord Rama. The festival of Dussehra sourcе of financial advicе. So, this Dussehra, let's learn some valuable lessons on finances from Ramayana that can help us achieve long-term wealth creation.

₹58,000 to ₹62,500. It’s close to its 52-week high, reached in May this year, at around ₹53,600 per 10 gm. In a sense, gold is playing the role it has always played: A safe haven asset.

“We remain overweight on sectors that will benefit from economic expansion such as banks, industrials, utilities, defence, real estate, and cement,” says Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life. In an interview with ETMarkets, Tandon said: “We are very positive on the infrastructure and real estate cycle as the sector will continue to benefit with the government allocating higher budgets and offering various incentives” Edited excerpts: October is turning out to be a roller coaster ride for investors in equity markets. Will geopolitical concerns have a long-term impact on equity markets if things escalate? Geopolitical pressure is on the rise amid the ongoing war between Russia and Ukraine and now the Israel-Palestine conflict.

PNB Housing Finance report a 46% year-on-year rise in net profit at 383 crore for the quarter ending September 30, while its operating profit for the period was 5% lower at Rs 552 crore. The net profit was Rs 263 crore in the year ago quarter while operating profit was at Rs 583 crore. Its net interest margin stood at 3.95%, 19 basis points lower than what it was in the year-ago period. The mortgage lender kept aside Rs 1196 crore as expected credit loss provisions against Rs 2162 crore in the year ago period.

great resignation, quiet quitting, moonlighting, bare minimum Mondays, resenteeism, quiet hiring, rage applying and quiet firing. Now, something new has been added to the corporate dictionary: quiet cutting. So, what does quiet cutting signify? What relationship does it share with its predecessors, and how can it impact employees? Does quiet cutting mean firing or reassigning or something else? Answering these questions is important because even though many trends arrived, disrupted workplaces and vanished, layoffs continue to wreak havoc.

Torrent Pharma on Monday posted Rs 386 crore net profit, a year-on-year (YoY) rise of 24% in the second quarter ended September led by sales growth across its key markets of India, Brazil and Germany. The company reported net profit of Rs 312 crore during the corresponding period of previous year. Revenues rose 16% YoY to Rs 2,660 crore during Q2FY24, compared to Rs 2,291 crore in Q2FY23. The earnings before interest, tax, depreciation and amortisation (EBITDA) rose 22% YoY to Rs 825 crore. The R&D spend rose 9% YoY to Rs 132 crore in the second quarter. India sales that constitute over half of Torrent's revenues grew 18% YoY to Rs 1,444 crores in Q2FY24. Torrent said the growth was led by continued double digit growth in chronic therapies, revival in gastro demand, traction in consumer division, and new launches. Curatio portfolio grew by 17% led by strong growth in top focus brands. Brazil revenue was up by 36% YoY to Rs 252 crore.

Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro are increasing their profitability as the elbowroom to expand revenues appears rather constricted. TCS, the leader of the pack and the only tech company to feature in the list of global top 100 by market capitalisation, sequentially widened its operating margins by 110 basis points to 24.3%.

Metropolitan Police Commissioner suggests that the laws addressing extremism may require revision in light of pro-Palestinian demonstrations during the Israel-Hamas conflict. Sir Mark Rowley expressed that it falls upon politicians to establish the legal boundaries, which the police would then enforce.

Mint delves deeper. Not yet. Hindustan Unilever posted a flat profit in Q2FY24 compared to same period last year.

MUMBAI : Indian stocks plunged on concerns over the impact of rising US bond yields, the widening Israel-Hamas conflict, and the pressure on profitability posed by potentially higher crude oil prices. The decline was fuelled by widespread selling by retail and affluent investors across small- and mid-cap stocks, which had previously outperformed their large-cap counterparts. The Nifty and Sensex fell by more than a percent each, breaching key supports, while the Nifty Midcap 150 and the Nifty Smallcap 250 indices slumped 2.7% and 3.79% each.

Track the latest updates on Israel-Hamas war Syria, under Bashar al-Assad's rule since 2000, has held differing views on Hezbollah. While the Syrian leadership adheres to the Alewite sect, Hezbollah adheres to hardline Shia school of thought, and envisages a theocratic state on the lines of post-1979 Iran. The Assad-Hezbollah relations, however, turned strong in the aftermath of the Syrian civil war in 2011, as the militant group sided with Iran and Russia to back the embattled Syrian president.

Everlodge is developing a web3 marketplace where you can buy and sell real estate properties with a small amount of capital. Everlodge will use fractionalized NFTs to represent smaller portions of luxury vacation properties. Its main goal is to make vacation rentals and real estate accessible to more people. With Everlodge, you can become a co-owner of luxurious villas or hotels for as little as $100. You can increase your stake in the property, depending on your available capital.

Biden, Wartime Aid, Two-Year Treasury Yield

Chevron Corp, the U.S.-based petroleum refining giant, has unveiled a colossal $53 billion all-stock deal to acquire its smaller rival, Hess Corp. The acquisition, announced on October 23, 2023, not only signals a strategic shift but also takes Chevron's rivalry with Exxon Mobil to the next level.