A retired PSU employee got relief from the Income Tax Appellate Tribunal (ITAT), Pune, after tax authorities denied his leave encashment exemption solely because it was not reflected in his Form 16. Explaining the ruling on X, TaxBuddy founder Sujit Bangar mentioned that the ITAT held the exemption under Section 10(10AA) and it does not…
Cairo accelerates state asset sales under an IMF plan, targeting up to four major listings by summer 2027. This article appears in the July/August issue of Global Finance Magazine. Egypt, Africa’s second-largest economy after South Africa, plans to list up to four state-owned companies on the Egyptian Exchange (EGX), the continent’s largest stock exchange by…
The number of roles tied to artificial intelligence is picking up in the Chicago market, with companies’ bets on new hires potentially bolstering the city’s office market in the coming years. Hiring momentum for AI-related roles has picked up in the Windy City: Chicago trailed only New York City and San Francisco for year-over-year increase…
The £2.5bn regeneration will create at least 5,000 homes across a 47-acre riverside site in the Royal Docks. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The post…
Marriage brings new responsibilities, shared goals and important financial decisions. While newlyweds often prioritise buying a home, planning a holiday or building an emergency fund, health insurance is frequently overlooked. Ignoring health insurance, however, can prove costly. A medical emergency can derail years of financial planning if adequate coverage is not in place. Health insurance,…
The United Arab Emirates is taking greater control of its payments ecosystem with the launch of Jaywan debit, credit, and prepaid cards—the first products issued under the country’s national payments scheme. Operated by Al Etihad Payments under the Central Bank of the UAE, Jaywan processes transactions through domestic infrastructure rather than relying solely on international…
Pensioners in India include the retired government employees who are eligible for individual or family pension from the government after their tenure. In continuance from their salaries, pensioners receive a dedicated percentage of their pension payout which is aimed at mitigating inflation. However, this component, known as Dearness Allowance (DA) in salary, is called Dearness…
UTEX Storage Partners closed on a $42.5 million construction loan to finance a two-property self-storage portfolio in the Miami metropolitan area. Affinius Capital and Axonic Capital originated the loan. The financing was arranged by Daniel Hartnett of Greysteel. The first property, located in Pembroke Pines, FL, is a to-be-built, four-story facility which will offer 1,097…
SBI Funds Management shares made a decent D-Street debut on Tuesday, listing 6.85% higher than the IPO price at Rs 613.30 apiece on the NSE, with analysts advising allotted investors to hold the stock despite the listing falling short of grey market expectations. The AMC’s shares listed at Rs 610 on the BSE, a 6.27%…
“I never heard a rock hit the windshield.”