Biden admin should ‘ramp up’ American energy production again: Rep. David Kustoff Rep. David Kustoff, R-Tenn., joins ‘Mornings with Maria’ to discuss the Biden administration’s response to America’s energy crisis. Rep. David Kustoff, R-Tenn., joined FOX Business' "Mornings with Maria" on Tuesday to discuss the Biden administration's response to America's […]
Read moreDon’t rush into buying a policy
Before signing on the dotted line, know what your plan gives you. Erroneous buying of insurance policies — whether you are misled by the seller or managed it on your very own by being less than diligent —leads to hardship. You have paid for some perceived protection and find it […]
Read moreAluminium sector says coal stocks critically low
Industry seeks 25-30 rakes a day With coal stocks running ‘critically low’, the aluminium industry has sought urgent government intervention to address the precarious situation and earmark at least 25-30 coal rakes per day for sustainable industry operations. In a letter dated January 28 to Coal Secretary Anil Kumar Jain, […]
Read moreConcessional tax rate tied to firms setting up new units fast, says Revenue Secretary
Tarun Bajaj refers to the Budget’s extension of 15% rate till March 2024 The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15% has been extended till March 2024, Revenue Secretary Tarun Bajaj said on Friday. Stating […]
Read moreUBS Group To Buy Wealthfront For $1.4 Bln
UBS Group AG (UBS) on Wednesday said it has agreed to buy Wealthfront, an automated wealth management provider, in an all-cash transaction valued at $1.4 billion. UBS said this deal will accelerate its growth ambitions in the US, broaden the firm’s reach among affluent investors and expand its distribution and […]
Read moreTaxation of ULIP proceeds to create 'level-playing field' with MFs: I-T dept
Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said on Monday. The Central Board of Direct Taxes (CBDT), that frames policy for the income tax department, had on January 18 notified the rules stating the method […]
Read moreMMR saw highest home registrations in 2021; sold 2.42 lakh units
Maharashtra’s stamp duty collection increased to ₹11,000 cr in 2021 from ₹3,500 cr in 2020 The year 2021 saw the highest residential registrations in Mumbai Metropolitan Region (MMR) with realtors selling 2,42,000 units of homes, a 53% increase from 2020 and a 20% increase over 2019, as per statistics jointly […]
Read moreICICI Bank Q3 profit rises 25% to ₹6,194 cr.
Remain optimistic about economy: ED ICICI Bank Ltd. said third-quarter standalone net profit rose 25% from a year earlier to ₹6,194 crore, on account of overall improvement in net interest margin, fee income, core operating profit and a 27% reduction in provisions for bad loans. This was the highest-ever quarterly […]
Read moreChina’s economy grows 8.1% to $18 tn
Fastest expansion since 2011 was driven by exports, consumption; slump in birth rate clouds outlook China’s economy grew 8.1% in 2021 and reached the $18 trillion mark, although slowing growth in the last quarter and the lowest birth rate since 1949 emerged as concerns for policymakers. Last year’s expansion was […]
Read moreReliance buys New York’s luxury hotel Mandarin Oriental for $98.15 million
Mandarin Oriental, New York is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle. Billionaire Mukesh Ambani’s Reliance Industries Ltd on Saturday announced acquisition of New York’s premium luxury hotel Mandarin Oriental for $98.15 million. Set up in 2003, Mandarin […]
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