Insurance company Hiscox is benefiting from a volatile global backdrop that means firms want to make sure that their assets – from their factories to the goods and services they sell – are properly insured. Meanwhile, the rise of the digital economy has created new types of insurance, such as protection against cyberattacks. It may…
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that money received as a gift from a mother cannot be treated as “unexplained” if the taxpayer proves the source and establishes that the gift is genuine, TaxGuru reported. The ruling came in the case of Manikanta Prudhvi Prabhakar Jonnala vs Income Tax…
A new job is your chance to put what you know to work. Just be sure not to share what belongs to your current or former employer. Apple’s lawsuit against OpenAI serves as a fresh reminder of the risks involved in drawing on your expertise without crossing into protected territory. Filed on Friday, the lawsuit…
Despite the increasing cost of buying a house, first-time homebuyers still accounted for nearly half of Newrez home loans in 2025, according to data collected by the mortgage lender. Newrez reported that 49% of the company’s purchase loans last year were for first-time homebuyers. While the figure was on the decline from just three years…
The Australian Securities and Investments Commission revealed Monday that Deutsche Bank has paid a penalty of A$2 million after misreporting more than 260,000 over-the-counter derivative transactions, undermining the accuracy of data used to monitor Australia’s financial markets. ASIC issued an infringement notice to Deutsche Bank after identifying breaches of the ASIC Derivative Transaction Rules (Reporting)…
Gold and silver prices: The price of the yellow metal in India’s retail market rose on Tuesday, 14 July, amid renewed tensions between the United States and Iran. Both 24-karat and 22-karat gold rates are showing a marginal increase across major cities. Silver prices, on the other hand, also rose in the domestic bullion market….
The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound…
Television City, a landmark studio in Los Angeles that has been home to productions ranging from “The Price Is Right” to “American Idol,” is poised to hit the market in another blow to owner and studio mogul Hackman Capital Partners (HCP). A lender group led by Deutsche Bank filed a notice of default last month…
It’s a good year to be Michael Dell. His net worth is up over $80 billion. His company’s shares have risen 240% as it rides a wave of AI-driven growth. And, critically, Dell, 61, has found favor with perhaps the most influential man in the world: President Donald Trump. Last week, Dell laptops received a…
More than 200 economists, tech bosses and researchers from across the globe have put their names on a short, sharply worded open letter cautioning that artificial intelligence is on track to shake up the job market in a big way, and that governments are lagging behind. Organised by the Stanford Digital Economy Lab, the letter…