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Market News

Location American Market News for 3 October 2021

Can an NRI claim benefits under Section 80C ?

livemint.com - 3 Oct 2021 08:27
Can an NRI claim benefits under Section 80C ? Please note that just by transferring income from your account to the bank account of your son, you will not be able to reduce the tax which you are otherwise liable to pay on such income
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Income tax implication of selling a house taken with home loan Please note that there is no similar provision for levying income tax in respect of tax benefits claimed for interest on home loan
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You must file income tax return if you hold any foreign assets Sum received from a friend or non-relative, as defined by income tax  rules, living outside India will be reported as income from other sources and not as income from a foreign source
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Volvo Cars Is Completing Plans for IPO in Stockholm

Wall Street Journal - 3 Oct 2021 22:13
The Swedish auto maker is completing plans for an initial public offering, in a deal that could value the company at as much as $25 billion.
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Stock Funds Finally Had to Struggle

Wall Street Journal - 3 Oct 2021 19:00
Quarterly Monitor: The average U.S.-stock fund fell 1% in the third quarter, and much more money flowed to the comfort of bond funds.
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Using genetic engineering, Exxon says it is closer to its goal of fueling jet planes and heavy trucks with oil distilled from algae. With government subsidies and incentives, it says it is on pace to make algae biofuel c...
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Big Hasn't Been the Best for Fund Investors

Wall Street Journal - 3 Oct 2021 11:30
Winners' Circle: The top mutual-fund managers for the past 12 months have had one thing in common: They thought small.
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Active share is not a shortcut to find a good active fund Studies have shown that funds that have active share outperform those that don't
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China's Evergrande Debt Crisis: Sizing Up a Big Mess

Wall Street Journal - 3 Oct 2021 11:30
China Evergrande Group had big ambitions. And a debt pile to match.
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Ready to tap your retirement fund? Here's how to get started All withdrawal strategies have their advantages and disadvantages. It's important to understand them.
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One Promising Stock To Buy After A Rough Month Even though the S&P 500 dropped over 2% last Tuesday some of the technical readings were encouraging in the view of the Viper Report's Tom Aspray. He also has one new stock pick from his monthly scan.
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Stocks This Week: Sell Short Dollar General And Buy Becton Dickinson The largest declines have fallen in this month, and stocks have usually closed on the upside by the 31st.
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Stocks To Trade In October

Forbes - 3 Oct 2021 18:00
Stocks To Trade In October Here are the stocks to buy and sell short for this volatile month.
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Record Junk-Loan Sales Fuel Dividend Payouts

Wall Street Journal - 3 Oct 2021 15:00
The issuance of speculative-grade loans to finance dividends hit a record $72 billion in 2021.
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Should you buy top-up plan to enhance group health insurance? As you and your family are already covered under a group mediclaim of ₹3 lakh, you can go for a top-up cover with a deductible of ₹3 lakh. This will enable you to get a policy cover of a higher sum insured at a much ...
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Mortgage Payments Haven't Been This Unaffordable Since 2008

Wall Street Journal - 3 Oct 2021 11:30
Supercharged home prices in markets across the country are canceling out the impact of modestly higher incomes and historically low interest rates, two factors that typically make owning a home more affordable.
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Credit Suisse said it is cooperating with authorities in the case, which it says isn't directed against the bank.
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Best home loan rates

livemint.com - 3 Oct 2021 20:31
Best home loan rates Here's a look at the lowest home loan interest rates of some leading banks
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Stamp duty value can be used to compute LTCL

livemint.com - 3 Oct 2021 20:26
Stamp duty value can be used to compute LTCL There is no restriction under the income tax laws on investing the sale proceeds of the house property in capital markets (stocks and mutual funds)
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43 Dividend Hikes We Expect Before 2021 Ends The surest, safest way to double our money in the stock market is to buy the dividends that are growing the fastest.
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16 Million Student Loan Borrowers Will Get A New Student Loan Servicer Next Year What this means for your student loans.
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The biggest mistakes people make with IRA rollovers

livemint.com - 3 Oct 2021 07:30
The biggest mistakes people make with IRA rollovers As the number of rollovers increases, so does the number of mistakes. And they can cost savers a lot of money
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