(Bloomberg) — Warren Buffett is ramping up the pace of his annual donations of Berkshire Hathaway Inc. shares to charitable organizations run by his three children, putting him on track to completely dispose of his stake in the company over the next eight years. For the first time in two decades, Buffett decided to skip…
EPFO has made it easier for employees to transfer their provident fund balance after they switch employers. The entire process is expected to become automatic for Aadhaar-linked and KYC-compliant Universal Account Number (UAN) holders, the retirement body said on its website. The introduction of this provision is significant as it eliminates the need to submit…
Starting a tax return business requires careful planning and execution. You’ll need to choose the right business structure to protect your assets during comprehending the tax implications. Setting up a dedicated workspace is vital, along with maintaining accurate bookkeeping records. Staying informed about current tax laws is critical, as are meeting filing deadlines. Ongoing education…
As Americans pull back on drinking and core whiskey sales slide, Lawson Whiting’s exit leaves the spirits giant looking outside its walls for a turnaround strategy.
“There’s no question that buyers are cautiously optimistic, taking advantage of pricing that is off peak pandemic levels,” said Don Kottick, president of REMAX Canada. “Before we call it a ‘recovery,’ it’s worth remembering that the rebound remains narrow, selective and far from guaranteed. Detached housing may be finding its footing, but affordability, confidence and…
JPMorgan Chase reported a record second-quarter profit on Tuesday, as a wave of big-ticket IPOs and dealmaking helped drive investment banking fees to their highest levels since 2021, while its trading desk capitalized on volatile markets. Revenue rose across all business units at the bank. Investment banking rode a sharp rebound in the U.S. IPO…
For those who are caring for their aging parents and raising kids at the same time, it can often seem like there’s never enough time, money, or energy to provide for all the family members who need you. In particular, handling finances when two different generations are relying on you can feel like an impossible…
Sebi on Tuesday exempted Mehta Family Trust, held by Bollywood actor Juhi Chawla and industrialist Jay Mehta, from making an open offer for the proposed indirect acquisition of shares and voting rights in Saurashtra Cement Ltd. The proposed transaction involves Jay Mahendra Mehta transferring his 49.99 per cent stake in Galaxy Technologies Pvt Ltd to…
Mylan Inc sold shares worth Rs 1,839 crore in Biocon through a block deal on Tuesday, with several domestic mutual funds, insurers and foreign investors picking up the stock. According to exchange data, Mylan sold 4.59 crore shares of Biocon at Rs 400 apiece. The total value of the sell-side transaction stood at Rs 1,839…
The Reserve Bank of India on Tuesday proposed allowing mutual funds, insurance companies and pension funds to retain a standing approval to acquire higher stakes in the same bank without seeking fresh regulatory clearance each time their holdings fall below the 5% threshold. The move is aimed at easing the regulatory compliance for large institutional…