India is transitioning from the Income Tax Act, 1961, to the new Income Tax Act, 2025, a move that has raised several questions among taxpayers, businesses, and tax professionals regarding pending assessments, procedural matters, and ongoing applications. To address these concerns, the Central Board of Direct Taxes (CBDT) has issued a detailed set of Frequently…
The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting at the SEC Headquarters in Washington D.C. on June 4 at 10 a.m. ET to discuss private markets, passive index funds, and recommendations regarding fund proxy voting and quarterly versus semiannual reporting. The meeting will also be webcast on the SEC website and…
Potential first-time buyers unaware of the mortgage options available to them and believing they cannot get onto the housing ladder is an issue, it was said during a discussion. During Aldermore’s Mortgage Market Insight, in collaboration with Mortgage Solutions, David Hollingworth, associate director of communications at L&C Mortgages, said there had been a lot…
Insta360, a China-based global optics and camera company, has signed its first U.S. lease for a 1,100-square-foot store at 1515 Broadway in Manhattan’s Times Square, Commercial Observer has learned. The world’s No. 1 360-degree camera brand, which is a direct competitor to the popular GoPro brand, has been used for purposes ranging from undersea exploring…
Suppose you invest $10,000 and use leverage to create FCNR deposits worth $100,000. At a 7% deposit rate, the deposits earn $7,000 a year. If borrowing costs are 5.5%, the interest cost on the $90,000 loan is $4,950, leaving a surplus of about $2,050 annually. Over three years, that translates into more than $6,000 of…
Gig platforms offer seamless checkout for buyers, but emerging market payouts remain broken for workers. In June 2026, member states from more than 180 countries convened for the International Labour Conference to determine international labor standards for digital platform workers. However, even with those standards set, payments remain a big issue. Imagine a freelance developer in Lagos,…
Key Points Space Exploration Technologies (NASDAQ: SPCX), or SpaceX as most know the company, recently became the largest IPO in history. But investors may not realize just how little of the company is currently trading on the market. SpaceX sold 555.6 million shares to public investors, which sounds like a lot, but it’s not. That’s…
An extended-stay hotel in Arlington, Va., is set to be transformed back into multifamily housing. GoodHomes Communities put down $35 million to acquire the Arlington Court Suites, a 187-key hotel that the buyer plans to convert into a 180-unit apartment building. KLNB announced the deal and, together with HREC Investment Advisors, represented the seller, Arlington…
Shares of Kalyan Jewellers India surged as much as 9% to Rs 407.75 in Thursday’s trade, extending their winning streak for a second straight session. The stock has now rallied more than 15% in two days, buoyed by the company’s strong first-quarter business update. In the previous session, the shares had gained over 6% after…
Key Takeaways A safe deposit box is a secure storage box housed at a bank or credit union that can be used as a private bank vault to stash valuable personal items. Safe deposit boxes are not insured by the FDIC, so be mindful of what you decide to store, or consider additional insurance coverage….