More than five centuries ago, when da Gama set sail for India, his ability to foresee danger was limited. Drawing on past explorations, he would have prepared for the risks he could imagine: treacherous storms, giant waves, jagged coastlines, pirates, or dwindling supplies of food and water. These risks were visible and clearly frightening.
US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates. US Treasury yields rose, with the 30-year bond hitting 5.6206%, its highest since June 2002. The yield on…
Mumbai: The Indian rupee ended modestly weaker on Thursday, even as oil prices continued to hover in the $85 per dollar range and the dollar index fell to below 100.50 levels. The rupee closed at 96.35, nine paise weaker from its previous close of 96.26 as consistent dollar demand continued to pressure the currency. The…
A non-resident Indian (NRI) and US citizen, who has been living in America since April 2002, received an income tax notice over the source of funds used to purchase a residential flat in Kandivali West, Mumbai. He booked the property in 2011 for a consideration of ₹79.9 lakh from a Mumbai-based builder. The sale agreement…
Gold has delivered a higher return than the Nifty 50 over the past 20 years. But for investors, the amount they ultimately take home depends not just on how much the investment has grown, but also on the capital gains tax applicable when it is sold. Here’s what you need to know about post-tax returns….
There is no general legal restriction in India on the number of residential properties a person can own. Similarly, banking regulations do not prescribe a fixed limit on the number of home loans an individual can take. A person can also claim eligible tax benefits on multiple home loans, subject to the applicable conditions and…
While the world’s democratic superpower was maintaining armslength from Narendra Modi (then Gujarat Chief Minister in 2012-13), Europe led by an European Union delegation in India was quietly engaging with the BJP leader nearly two years before the Lok Sabha elections. In fact, Ambassador Joao Cravinho, head of the EU delegation, led Ambassadors of various…