A resident of Koramangala, Bengaluru who sold 17 apartments during April 1, 2019-March 31, 2020, and earned capital gains of ₹11.8 crore has won a tax dispute after he contested tax notices issued by the income tax department due to non-payment of income tax on these gains. Even though the landowner made substantial profits from…
Back-to-school season is nearly here, and NerdWallet’s annual back-to-school shopping survey found an unexpected shift in a year where costs keep going up: On average, back-to-school shoppers — defined as parents of K-12 or college students who plan to back-to-school shop this year — intend to spend less than they did last year. Back-to-school shoppers…
One in three U.S. pharmacies has closed between 2010 and 2021, according to UC Berkeley Public Health and USC. Pharmacy schools are graduating between 3,000 and 4,000 fewer pharmacists annually than the industry needs, Drugstore News reported. The closures have concentrated in lower-density markets where foot traffic does not support the cost of a staffed…
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Foundation has launched Buy to Let Special products, with two- and five-year fixed rate options at 80% loan to value (LTV). The products will be available across its F1 criteria, as well as standard house in multiple occupation (HMO) and multi-unit freehold block (MUFB) products. Foundation said the range would give brokers and their…
Blue Origin’s May 28 explosion of its reusable, heavy-lift New Glenn rocket was a serious setback. It destroyed the rocket and damaged the only operational launchpad for Blue Origin’s heavy-lift rocket program. The company was trying to prove that its rocket could serve major customers, including Amazon‘s (AMZN +0.86%) satellite internet network, NASA’s Artemis lunar…
The specialist lender has launched a lower-rate proposition for buy-to-let (BTL) landlords seeking more than £1m of finance as landlords increasingly seek portfolio-level solutions. The proposition is available to portfolio landlords with two or more properties and offers rates lower than its standard BTL range. Together said landlords had faced rising rates, higher tax…
The national office vacancy rate declined for the second quarter in a row in 2026, as demand reached its highest level in six years on a four-quarter rolling basis, according to a new report from Cushman & Wakefield. The national office vacancy rate declined 10 basis points year over year to 20.1% in the second…
Every month, the jobs report is reduced to two numbers: how many jobs the economy added and whether the unemployment rate went up or down. If payrolls rise and unemployment falls, the labor market is declared strong. If unemployment rises, it is declared weak. That shorthand is simple, but it is also incomplete. And right…
IBM shares tanked in premarket trading on Tuesday after the tech giant reported worse-than-expected results and said customers were cutting back spending on its AI infrastructure and software products. The company’s stock was set to open down almost 23% as of around 7:45 a.m. ET, an hour and a half before the market open. Having…