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₹10 lakh over a five-year period in a regular plan and the current value of the investment is ₹18 lakh. This implies a profit of ₹8 lakh and you are liable to pay taxes on the profit during redemption. Now, since the investment horizon was more than one year, you have to pay a 10% long-term capital gains tax on the gains made.

Mahesh Joshi on Wednesday said he is considering filing a defamation case against Rajendra Gudha who had waved a 'red diary' in the assembly alleging it contained details of financial irregularities involving Chief Minister Ashok Gehlot and others. He termed the 'red diary' issue raised by sacked state minister Gudha in the assembly a conspiracy to defame the Congress and accused the BJP of being involved in it. Gudha was sacked as minister on Friday hours after he cornered the Congress government in the assembly over law and order and questioned its performance in reining in crimes against women. On Tuesday, he called for a narco test on all ministers over the 'red diary' issue. «Narco test is a scientific and trustworthy test. Agencies across the world accept it and even the judiciary accepts it. I am saying that the test be conducted on the entire council of ministers, including me, to reveal the truth about rape and corruption. It will reveal who is lying and who is speaking the truth,» he told PTI. Reacting to the allegations, Joshi said, «As far as my personal matter is concerned, I am getting an FIR lodged against Rajendra Gudha for defamation.» «I am taking lawyers' opinion after which I will file a case,» he told reporters at the Congress state headquarters here.

₹665.40 apiece, suggesting investors are factoring in the rosy picture adequately.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

China this month showed its post-pandemic surge was quickly fading, raising expectations that the government needs to bring out more stimulus measures to drive activity and bolster shaky consumer confidence. British consumer goods giant Unilever said on Tuesday that China's declining property market and exports had sent its consumer sentiment to a historic low, having earlier this year forecast a Chinese "consumption boom".

By Andy Bruce

Deutsche Bank’s recovery plan may be working. As a story that investors want to watch, however, it isn’t exactly “Barbenheimer." On Wednesday, the German lender said it earned €763 million, equivalent to $844 million, during the second quarter of the year, a 27% decline compared with a year earlier. The results mirror those reported by Wall Street banks: Net interest income for retail and corporate divisions jumped thanks to central banks pushing interest rates up, but a slump in trading revenue and a dearth of deals has hit investment banking.

It is directed by Lee Jeong Hyo, popular for Crash Landing on You, Book and Life on Mars and more. Other than that, the production team behind this K-drama is Studio Dragon.

Investing.com — U.S. crude inventories fell by just a quarter of expected levels last week, government data showed on Wednesday, despite an end to supply injections from the national reserve, which oil bulls typically blamed for poor market optics. 

A recent study conducted by BlackRock, the global money manager with $9.4 trillion in assets, has revealed a concerning trend among participants in U.S. retirement plans. Over the past two years, there has been a significant increase in pessimism regarding their ability to save for retirement. Economic anxiety is on the rise due to factors like high inflation and volatile markets.

Power prices surged to their second-highest March quarter in 18 years, despite a glut of solar and wind production that sent prices into the negative during the middle of the day, according to a new report.

PM Modi pointed out some achievements of his government and said in the last 5 years, 13.5 crore people have come out of poverty. “International agencies are also saying that extreme poverty in India is on the verge of ending. This shows that the decisions and policies that have been made in the last 9 years, are taking the country in the right direction," PM Modi said.

₹470 crore in markets on July 26. As per the NSE data, FIIs cumulatively bought ₹8,700.87 crore of Indian equities, while they sold ₹7,778.03 crore --- resulting in an inflow of ₹922.84 crore.

Chinese Foreign Minister Qin Gang was ousted earlier this week after merely 207 days at the job. His predecessor Wang Yi was reappointed to the top post on Tuesday and officials insist that they are releasing information ‘normally’ about the situation. But as speculation about Qin's fate and whereabouts continue, all his activities as foreign minister appear to have been erased from official records.

₹745-crore initial public offer (IPO) by leading pen manufacturer Flair Writing Industries has put the spotlight on the sector’s prospects in today’s times. Various studies around the world have suggested better learning and stronger brain activity using traditional writing tools compared to smart digital writing devices. A 2014 study by US researchers Pam Mueller and Daniel Oppenheimer showed that longhand notes lead to better learning against typing out on a laptop.

Last night, both Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) delivered the solid earnings numbers bulls were counting on. While the Bill Gates-founded giant topped analysts’ EPS expectations by 5.5%, the Google parent company did it by a slightly wider margin of 7.3%.

By Aditya Soni

By Howard Schneider

New York City authorities are cautioning the public to stay away from a specific section of Manhattan on Wednesday morning. Social media users are sharing videos and pictures of a construction crane that caught fire after partially collapsing. The New York City Police Department posted a tweet advising people to avoid the vicinity of 10th Avenue and 11th Avenue, stretching from West 41 Street to West 42 Street, due to the crane collapse.

Nestle India is likely to report double-digit rise in both sales and profit for the quarter ended June, aided by healthy volume growth and profitability. The net profit for the quarter is seen rising nearly 36% year-on-year (YoY) to Rs 698 crore, according to the average of estimates given by 10 brokerages. Revenue from operations is likely to grow 16% on year to Rs 4,690 crore.

They say that actions speak louder than words, and this definitely applies when it comes to the Bank of Canada.

SBB abruptly ended talks with Canada’s Brookfield Asset Management Ltd. over the sale of a 51 per cent stake in a portfolio of school buildings, reflecting the struggles the embattled Swedish landlord faces to close a looming funding gap.