Parke Financial News

A cash gift from parents is exempt from tax but taxpayers are required to report it in their Income Tax Return as exempt income. However, many taxpayers are unsure as to how and where they can report such gifts in ITR. Further, there seems to be some confusion about the formalities one should complete to remain clear in the eyes of the Income Tax Department.

Real estate developer Manglam Group plans to invest Rs 200 crore in its upcoming luxury residential project – Manglam Rambagh – in Jaipur. Spanning across 2.2 acres of prime land, the Manglam Rambagh project offers 114 flats spread over six floors. The flat types include 3 or 4 BHK flats and 5 or 6 BHK penthouse, boasting spacious dimensions ranging between 2370 sq ft and 6120 sq ft.

In the dynamic and ever-evolving business landscape of India, selecting the right office space is not just a practical necessity; it’s a strategic decision that can significantly impact your company’s success. Whether you’re an emerging unicorn or a long-established enterprise, your office space is akin to a mirror reflecting your work culture. Much like a company’s mission, vision, and core values, the office environment contributes significantly to its profile. Successful organizations understand the pivotal role workspaces play in enhancing employee productivity.

Mrinal Mitra is an NRI living in Canada. Recently, he shared with us that his ancestral home in Kolkata is being sold and he is expecting his part to be around Rs 15 lakh. Mrinal said the money will be deposited in a joint account with his daughter in State Bank of India, New Delhi. However, his daughter is still a student in Canada.

₹1,000 crore to develop 4-5 large marquee resorts in Uttarakhand over the next few years, reported businessline. This marks the largest investment by MHRIL in any Indian state which aligns with their Mahindra Group's plans to increase their resort keys from 5,000 to 10,000 by 2030. Chairman of Mahindra Group, Anand Mahindra took to social media platform X to reveal this venture, the post reads "Home is where the heart is.

IPO subscription status: Signatureglobal Ltd IPO has been subscribed 2.65 times on day 3, so far. Signatureglobal IPO opened for subscription on Wednesday, September 20, and will close today (Friday, September 22). The company has fixed price band of the public offer at ₹366 to ₹385.

emergency fund is your financial backup plan in case of unforeseen circumstances. This emergency fund can shield your long-term savings during exigencies. Here is a look at how much money you should have in youremergency corpus and where you should invest it.

Former a16z general partner Katie Haun believes it is "a really good time" to invest in the crypto industry. 

TOKYO (Reuters) — The Bank of Japan maintained ultra-low interest rates on Friday and its dovish guidance on future monetary policy, signalling it is in no rush to phase out its massive monetary stimulus.

Mukesh Ambani's broadcasting unit Viacom18 is set to sign a lease deal with Blackstone-owned Nucleus Office Parks for its new headquarters in Mumbai, spread over 400,000 square feet, six sources familiar with the matter said. Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India. Its new headquarters will be spread across roughly eight floors spread across the «One International Center» complex in Mumbai's business district of Lower Parel. «It is a marquee deal in terms of area.

Rick Mathews’s big vacation this year was a 23-day jaunt across Europe and North Africa, during which he rode 131 roller coasters. “By the time I got home, I was like, why do I do this stupid hobby?" says Mathews, who is 36 and lives in Manassas, Va. That weariness quickly faded and he’s already talking about a return trip, because Megafobia—a wooden roller coaster in Wales—was closed during his visit.

(Reuters) — Many U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct. 1. Workers deemed «essential» would remain on the job, but without pay.

chaebol, family-run conglomerates that form the backbone of South Korea’s economy, and the government. On June 20th the World Bank’s arbitration forum ruled that South Korea’s government had left Elliott Investment Management, an American hedge fund, out of pocket by improperly meddling in a merger between two units of Samsung. The deal in 2015 between Samsung C&T and Cheil Industries was seen as an attempt to ensure a smooth succession between Mr Lee and his son, Lee Jae-yong.

Canadian High Commission said. “All of our locations are staffed by diplomats and locally engaged staff to ensure business and operational continuity," it added as quoted by ANI. It further said that Global Affairs Canada will continue to take all appropriate measures to protect the health and safety of all our personnel, including locally engaged staff, and to protect our operations in India, ANI reported.

₹350-400 crores to a real estate company, according to a report published by Hindustan Times. Dev Anand resided in this property with his Kalpana Kartik, children Suniel Anand and Devina Anand. Once, famous actors Madhuri Dixit Nene and Dimple Kapadia also resided in the neighboring apartments of the property, which is located in a prime residential area.

Lawrence Bishnoi on Thursday claimed responsibility for the killing of Arshdeep Dalla's close aide and Khalistani separatist Sukha Duneke in Canada, according to TOI. Punjab gangster-turned-terrorist Sukhdool Singh alias Sukha Duneke was allegedly killed by unidentified gunmen in Canada on Wednesday, intelligence sources said citing inputs coming in from Canada on Thursday morning. An official confirmation is yet awaited. Duneke, who belonged to Moga in Punjab, was a close associate of designated terrorist Arsh Dalla of the Khalistan Tiger Force.

International Trade Show 2023 will take place from 21 to 25 September at the India Expo Centre and Mart in Greater Noida. More than 2,000 exhibitors will showcase their products to entrepreneurs and exporters from the country and around the world. The products will cover diverse sectors, namely ODOP (one district one product), healthcare, food processing, pharma, dairy, electronics and e-commerce.

As the Sun is set to rise on the Moon for next fifteen days, ISRO scientists are working day and night to revive the Chandrayaan-3's Vikram lander and Pragyan rover after a 15-day-long slumber. The scientists will try to perform ‘reboot’ of the modules on Thursday and Friday.

Atlys on Wednesday said it has raised $12 million in a Series A funding round led by Elevation Capital and Peak XV Partners, formerly Sequoia Capital India. The round also saw participation from existing investors Andreessen Horowitz (a16z), musical duo Chainsmokers, South Park Commons, Pinterest Founders, among other investors, as per a statement.

By Lisa Baertlein and Priyamvada C

Kane Brown is coming up with ‘In The Air Tour’ and has unveiled 29 tour dates for 2024. The tour kicks off on March 28 at John Paul Jones Arena in Charlottesville, Virginia, and ends on September 14 at Globe Life Field in Arlington, Texas, with five stadium shows, including a return to Fenway Park in Boston. Notably, Brown previously made history at Fenway Park as the first Black artist to sell out a headlining show there.Brown's In The Air Tour features openers like Tyler Hubbard, Jon Pardi, Chris Young, Bailey Zimmerman, Cole Swindell, Parmalee, LOCASH, and RaeLynn on different dates. Earlier this year, Brown completed the international leg of his Drunk or Dreaming Tour, covering cities like Sydney, London, Amsterdam and Berlin. He also received the international award at the ACM Honors celebration in Nashville. Having recently achieved his 10th Country Airplay No. 1 hit with «Bury Me in Georgia,» Brown is set to release his new single, «I Can Feel It,» on September 21. The song samples Phil Collins' drum solo from his 1981 Billboard Hot 100 hit «In The Air Tonight.» Collaborating with Brown on the songwriting are Phil Collins, Gabe Foust, and Jaxson Free.