Wellness Financial News

Siddaramaiah on Wednesday said he has written to the Chief Ministers of eight states regarding the «unfair» devolution of taxes by the Union government, and has invited them to a conclave in Bengaluru to collectively deliberate on the issues of «fiscal federalism». He said he has written to the Chief Ministers of Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Haryana, and Punjab. «States with higher GSDP (Gross State Domestic Product) per capita, like Karnataka and others, are being penalised for their economic performance, receiving disproportionately lower tax allocations. This unjust approach undermines the spirit of cooperative federalism and threatens the financial autonomy of progressive states,» he said in a post on 'X' with "#OurTaxOurRight" hashtag. «I have invited them to a conclave in Bengaluru to collectively deliberate on the issues of fiscal federalism at a juncture when the Finance Commission needs to make a directional shift & create incentives for growth and better tax mobilisation,» he said.

India will buy soybeans from farmers of the central state of Madhya Pradesh at state-set support prices to help growers reeling from a crash in domestic rates for the oilseed, a government statement said on Wednesday. India uses soybeans to manufacture soyoil, which helps the country cut its hefty edible oil imports, while the by-product soymeal is used for animal feed and exported mainly to Southeast Asia and the Middle East. Farmers plant soybeans during the monsoon season in June and July and harvest the main summer oilseed crop from October.

Toronto-Dominion Bank will pay almost US$28 million in fines and restitution after the Consumer Financial Protection Bureau said the lender shared inaccurate information about tens of thousands of U.S. customers with consumer reporting companies.

Canada has to get “in sync” with the United States and do a better job of plugging into its larger neighbour’s economic system in order to improve struggling productivity at home, says the head of this country’s biggest bank.

Tecno Pova 6 Neo 5G is priced competitively, starting at ₹12,999 for the 6GB RAM + 128GB storage variant, and ₹13,999 for the 8GB RAM + 256GB storage model. Buyers can take advantage of a ₹1,000 instant discount as well as an additional ₹1,000 exchange offer, further lowering the cost.

According to Siddiq, the UK economy and markets have performed well, with the amount of equity capital raised so far this year reaching £20bn in London alone – a figure over three times higher than what the next three European exchanges raised in total. She said the Labour government, elected in July, will continue its work on «a number of industry-driven initiatives». This includes collaborating closely with the government's industry technical group led by Andrew Douglas, pushing for faster settlement of securities trades, as well as moving on with the new Private Intermittent Securi...

The German government says it is cracking down on irregular migration and crime following recent extremist attacks, and plans to extend temporary border controls to all nine of its frontiers next week

avoid the fate of Micromax? Why is the Indian consumer suddenly falling out of love with smartwatches? The one-word answer is fatigue. The focus on one’s health in the aftermath of the pandemic saw a large part of the population take to an active lifestyle. Smartwatches that helped measure your daily calorie burn, step count, heart rate monitor and sleep pattern analysis, became a much sought-after accessory.

If you’re thinking about buying a new car but don’t need one right away, now is a great time to show a little patience

Officials are investigating why part of a bridge in eastern Germany has collapsed

Tech professional Samir (name changed) was shocked to receive a tax demand of about ₹1.98 lakh related to his income tax return (ITR) filed for the assessment year 2024-25. 

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BEIJING — Chinese artificial intelligence models may be at least half a year behind those developed in the U.S., but Chinese AI apps will likely take off much faster, said Kai-Fu Lee, former head of Google China.

ONGC and Oil India (OIL) dropped by 3% to Rs 287.30 and 6.4% to Rs 570, respectively, on BSE following a sharp decline in crude oil prices, which usually negatively impacts their profit margins. Crude oil prices have plummeted to nearly three-year lows following a downward revision of demand forecasts by OPEC, primarily driven by reduced Chinese demand. In its monthly report released yesterday, OPEC lowered the global oil demand forecast for 2024 to 2.03 million barrels per day, down from the previous estimate of 2.11 million barrels per day.

Before my son went overseas for his higher education, he opened a PPF account in an Indian bank. He has continued to invest in it even after getting a job abroad. Is this acceptable as per the PPF rules? Dev Ashish, Founder, StableInvestor, and Sebi-registered investment adviser: If your son opened a PPF account in India as a resident and later became an NRI, he can continue the account till maturity.

Burma Burma plans to go public with an IPO in the next three years, co-founders Chirag Chhajer and Ankit Gupta told ET. The company is also aiming to triple its footprint before going public, they said. Last month Burma Burma (Hunger Pangs Pvt Ltd) raised $2 million in equity investment and is looking to raise another $3 million. The round is expected to see participation from existing investors Negen Capital and family offices.

Financial planners advise systematic withdrawal plans in a mix of mutual fund schemes for regular monthly income which is tax efficient as well.

Reserve Bank of India (RBI) has been carrying out a nimble balancing act over the past couple of months to ensure exchange-rate stability, supplying dollars in a broader trade deficit environment, but not allowing the rupee to breach the psychologically crucial 84 mark to a dollar. Over the past month-and-a-half, the rupee has hit new lows versus the dollar on several occasions as speculation about a growth slowdown in the US has sparked risk aversion, weakening global investor appetite for emerging market currencies.

Tata Motors, which has slashed prices on some of its popular vehicles by up to ₹2 lakh. Other manufacturers and even financiers have laid out schemes to draw customers.

Mint has seen a copy of the Axis Bank contest announcement as well as relevant portions of the regulator's observations. “We are proposing a contest to build momentum, particularly in Q2 and Q3 — which is (the) most challenging period of the year — for the overall business and to motivate the sales team to deliver superlative performance during (the) contest period," an Axis Bank internal note said in October.