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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.

The Ecuador Central Bank has warned citizens about the dangers of crypto as Worldcoin (WLD) adoption continues to increase in the Latin American nation.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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.

Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers. Also known by its official name Hon Hai Precision Industry, the firm is the world's largest contract electronics manufacturer and assembles devices for major tech companies, most notably Apple's iPhones. It said Wednesday that net profit for April-June rose to NT$35.05 billion (US$1.08 billion) from NT$33 billion the same period last year.

mpox across the continent. This week, the World Health Organisation (WHO) will hold a meeting to discuss a potential emergency declaration regarding mpox. This year, nearly 27,000 mpox cases have been reported in the Democratic Republic of the Congo (DRC), with around 1,100 deaths, many among children. Congo has been particularly hard hit, with over 96 percent of cases are concentrated in the DRC, with a 160% increase in cases and a 19% rise in deaths this year.

The financial press is cheering that Wednesday’s inflation report makes an interest-rate cut next month a fait accompli. Go, Jay, go. Yet while cooling inflation shows that the Federal Reserve’s monetary medicine is working, Chairman Jerome Powell’s caution to date has been warranted.

political parties to come forward to realise the dream while contending that frequent polls were creating hurdles in the nation's progress. Addressing the nation on the 78th Independence Day, he said extensive consultations have been held across the country on the issue and all political parties have given their views while a committee has submitted an excellent report. "Frequent elections are creating hurdles in the progress of the nation. It has become easy to link any scheme/initiative with elections. There are elections somewhere every three to six months. Every work is linked to elections," Modi said from the ramparts of the Red Fort. «The nation has to come forward for one nation, one election,» he said.

fake roof signs that have recently been reported in several cities.In a statement on Wednesday, the group said that there has been a rash of scams and cons involving fake taxis, mostly in Ontario, where a team of two people pretends to be a distressed passenger and taxi driver.The group said such incidents were reported by police in Toronto, Sarnia, Sudbury and Ottawa.“I wouldn’t call it on the rise, but it’s very prevalent,” said Canadian Taxi Association president Marc Andre Way in an interview with Global News.“It seems to be moving from one city to the other.”Way said the CTA suspects it might be the same group moving from city to city, but they’re not sure.The scam involves a fake passenger approaching a passerby and saying their taxi driver will not take cash, which Way said is a red flag.Drivers not only accept cash, but often prefer cash,” he said.The fraudster then offers to give cash to the targeted victim in exchange for using their debit or credit card.“The scammer posing as the taxi driver then swipes the card and steals the target’s Personal Identification Number (PIN), later to drain their bank account or fraudulently use their credit card,” the CTA said in its release.In Sarnia, at least 12 such incidents were reported last month, resulting in individual losses ranging from $980 to $9,900, according to police.The Ottawa Police Service also said in a statement on Monday that it has recently received several complaints concerning people being defrauded after offering assistance in paying with their personal credit or bank card for a taxi or Uber fare.The CTA said it has taken up the issue of the generic “Taxi” signs with Amazon, requesting the company in a letter to stop selling them online as they are

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

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

snake caused a significant power outage in Virginia on Saturday night, affecting approximately 11,700 customers. The outage impacted parts of Kiln Creek, central Newport News, and Christopher Newport University. Dominion Energy reported that the snake entered a high-voltage area and made contact with a transformer. Dominion Energy crews responded swiftly to the situation. Power was restored to all affected customers within an hour and a half of the initial outage reports. The outage began around 9:15 p.m. with over 6,000 customers affected and was fully resolved by 10:30 p.m.

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.

midcap funds has surpassed that of large-cap funds by 0.6 percentage point, the most on record, as per data from the Association of Mutual Funds in India. Midcap funds constitute 12.9% of the total equity AUM, compared with 12.3% for their large-cap peers. Now, mid-cap funds have become the third-largest fund category after sectoral and flexi-cap funds. Historically, the AUM share of midcap funds has lagged large-cap funds by about 5.5 percentage points.

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.

Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high-growth areas such as AI and cybersecurity. Shares of the company were up 5% in extended trading after it forecast upbeat current-quarter revenue. «Inventory digestion is complete and we're now returning to a more normalized demand environment,» CEO Chuck Robbins said on an analyst call.

Financial Services Commission (FSC) of Mauritius said IPE Plus Fund and IPE Plus Fund 1, which were mentioned in the Hindenburg report as investment vehicles in which Sebi chief Madhabi Puri Buch and her husband Dhaval Buch were investors, are not licensees of the regulator and are not domiciled in Mauritius. The Mauritius regulator, responding to the Hindenburg report, clarified that its legislative framework does not allow the creation of shell companies.

Mint on Wednesday in response to a questionnaire. After Hindenburg's Mauritius claim, the island country's financial services regulator in a press statement on Tuesday denied the fund being registered there. “We wish to clarify that IPE Plus Fund and IPE Plus Fund 1 are not licensees of the FSC and are not domiciled in Mauritius," the Mauritius Financial Services Commission said in the statement.

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.

After BT, Bharti may consider more opportunities in Europe Mittal also understands BT, given the long relationship between the two companies. BT held a 21% stake in Bharti Airtel and two board seats between 1997 and 2001. He also spends considerable time in the UK, where two of his children live.