Financial constraints are a reality for many at some point in their lives. In challenging times, taking out a loan can provide temporary relief. However, this can sometimes lead to a more significant problem known as a debt trap. What is a debt trap? A debt trap occurs when you take on new debt to…
Birla Estates Private Limited, a subsidiary of Aditya Birla Real Estate Limited, announced today that Phase II of its Birla Trimaya project in Bengaluru has sold approximately 95 per cent of its inventory within 24 hours of launch. The sale achieved a booking value of about ₹600 crore. The shares of Aditya Birla Real Estate…
Soros explained these ideas succinctly: “I can state the core idea in two relatively simple propositions. One is that in situations that have thinking participants, the participants’ view of the world is always partial and distorted. That is the principle of fallibility. The other is that these distorted views can influence the situation to which…
Indian stock markets continued to trade flat in mid-day trading on Tuesday, with the Sensex and Nifty showing marginal declines amid mixed global cues and ongoing investor caution. As of 12.32 pm, the Sensex stood at 84,252.39, down 47.39 points or 0.06 per cent from the previous close. The Nifty50 was trading at 25,790.45, registering…
I am a non-resident Indian Citizen working abroad. I sold my agricultural land on 15 October 2022. As per Sec, I deposited the indexed capital gain in a capital gain account with a nationalised bank. 54B to purchase another agricultural land within two years from the date of sale. i.e. by 14th October 2024. But…
Escorts Kubota Limited reported a 2.5 per cent year-on-year increase in tractor sales for September 2024, selling 12,380 units compared to 12,081 in September 2023. Domestic tractor sales grew by 5.7 per cent to 11,985 units, while exports fell sharply by 47.1 per cent to 395 units. The shares of Escorts Kubota Limited were trading…
The income tax department’s online tax return filing and processing system has proved to be a vast improvement over the old manual system. However, more than a decade after the online system was launched, taxpayers continue to face difficulties, best exemplified by a recent Supreme Court order. In this case, the taxpayer received a demand…
Image for representation | Photo Credit: istock.com The rupee fell 2 paise to 83.81 against the U.S. dollar in early trade on Tuesday (October 1, 2024), tracking massive outflow of foreign funds amid volatile global markets. Forex traders said a strengthening American currency weighed down the Indian unit against major rivals, though retreating crude oil…
RITES Limited, an Indian public sector enterprise, has secured a significant international contract valued at $4.28 million. The company announced today that it received a Letter of Acceptance (LOA) from Tsiko Africa Logistics (Pty) Limited for the supply, commissioning, and one-year onsite warranty of an overhauled in-service Cape Gauge 3100 HP diesel electric locomotive. The…
I opened a savings bank account for my son when he was a minor. When he became an adult, the account was converted to a joint account with me as a second joint holder. This account is still in operation and has a balance of less than ten thousand rupees at any given time. My…
