At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous close. Representational image. The rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday (December 9, 2024) dragged down…
With global warming, dwindling biodiversity and rising pollution threatening posterity and widening economic disparities, campaigns such as Race to Zero and the United Nations’ Sustainable Development Goals matter more than ever. Investors these days are conscious about where their money goes, and environment, social and governance (ESG) has evolved as a framework to back businesses…
For representative purposes. | Photo Credit: iStockphoto Billionaire Warren Buffet, with a net worth of almost $121 billion by some estimates, has maintained his pledge of giving away his wealth. In a recent message to shareholders of Berkshire Hathaway, he has mentioned a transfer of his wealth to foundations overseen by his children, a total…
‘While India’s relative decoupling is a step in the right direction, the path to absolute decoupling is still a long and complex journey’ | Photo Credit: Getty Images The Indian economy has consistently showcased its robust growth over the past few decades. But higher economic growth is believed to have come with increasing environmental pressure,…
Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country’s reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings…
The bill, passed by the Lok Sabha on 3 December, says that nominees are only custodians and safekeepers representing the beneficiaries (if there is a testamentary document, e.g., Will/Trust deed) and heirs (in the absence of a testamentary document). They are not owners. However, nomination is important as it aids the process of inheritance. Rajat…
Under what circumstances a tenant whose landlord is a non-resident Indian (NRI) can apply for a reduction in tax deducted at source (TDS) on rent and what are the documents needed to support the application? Tax must be deducted at the rate of 30% (plus applicable surcharge and cess) on the rent payable to an…
Why is Pushpa locked away in a red sandalwood shipping container for 40 days with just a book (instead of Duolingo) in Japan? Why do Japanese goons have guns? Was that first fight at Yokohama port only staged so that Pushpa could say, ‘I’ve gone international’? Why is there no connection to Japan with the…
Understanding the MTF In an MTF arrangement, the broker essentially provides a loan to purchase securities. The investor pays an initial margin, a percentage of the transaction value, while the broker finances the remainder. The broker holds the units as security and charges interest. Taxability of MTF transaction gains The nature of tax treatment depends…
Physically-backed gold exchange-traded funds (ETFs) reported a net loss globally for the first time in seven months during November, the World Gold Council (WGC) said. However, Indian gold ETFs recorded inflows for the eighth consecutive month, attracting $175 million in November. This was likely driven by rising equity market volatility and general bullish sentiment towards…
