Why wealthy entrepreneurs are buying businesses for their kids to run
For older entrepreneurs who aren’t quite ready to retire, buying and growing a business with their children becomes part hobby and part training ground for the next generation.
For older entrepreneurs who aren’t quite ready to retire, buying and growing a business with their children becomes part hobby and part training ground for the next generation.
Amazon’s market capitalisation surpassed $3 trillion for the first time on Monday as its shares rallied following strong earnings and signs that the AI boom is fueling demand for its highly profitable cloud-computing business. The stock climbed 5.5% to a record $286.20, extending its year-to-date gain to more than 23%. Shares of the Seattle-based e-commerce…
The proposed Merchant Discount Rate (MDR) on certain UPI payments above ₹2,000 has raised concerns among users, merchants, and other stakeholders. To quell such concerns, Finance Minister Nirmala Sitharaman has now clarified that the charge will be levied on merchants and will not be passed on to consumers. According to a PTI report, Sitharaman said…
Shares of Axiscades Technologies rose 5.39% on Wednesday, extending gains after Sunil Singhania’s Abakkus Asset Manager picked up a 3.03% stake in the engineering solutions company through a block deal. The stock had hit a 10% upper circuit in the previous session, closing at Rs 2,067.40 amid heavy volumes on the NSE. The immediate trigger…
Shares of Honasa Consumer, the parent company of Mamaearth, gained over 4% to Rs 501 on the BSE on Friday after reporting its highest-ever consolidated profit after tax (PAT) of Rs 90 crore, up 116.5% for the first quarter of FY27. Revenue from operations also hit a record Rs 756 crore, registering a 27% YoY…
The Employees Provident Fund Organisation (EPFO) considers any member account with no contributions for three consecutive years after you have retired or reached 55 years of age (whichever is later) or moved abroad as “inoperative”. However, if you just had a break in between jobs, undertook freelance work, or worked with an employer not mandated…
I returned to India in 2023 after working in the US for over 15 years. During my stay in the US, I had acquired shares of several companies listed on the NYSE. I now want to book gains and reinvest the money into new shares. Since I will not be remitting the money back to…