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Market News

Location American Market News for 3 July 2022

Bond ETFs Attract New Investors With Narrower Offerings

Wall Street Journal - 3 Jul 2022 14:00
The specialization allows investors to find lucrative sectors despite rising rates. But there are risks.
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180 Organizations Urge Biden To Extend The Student Loan Payment Pause They say no student loan payments until there's student loan cancellation for all borrowers.
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Celsius Customers Are Losing Hope for Their Locked-Up Crypto

Wall Street Journal - 3 Jul 2022 11:30
Three weeks since the crypto lender said it was halting withdrawals, users want answers.
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Investing lessons from Kotak Mahindra AMC's Nilesh Shah Most of Shah's personal wealth is in equity--either in employee stock options or shares of Kotak Mahindra Bank
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Best home loan rates

livemint.com - 3 Jul 2022 19:02
Best home loan rates Here's a look at the lowest home loan interest rates of some leading banks
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How to transfer PF funds to a new account

livemint.com - 3 Jul 2022 18:55
How to transfer PF funds to a new account As per the provisions of Rule 8 of Part A of Fourth Schedule to the Income-tax Act, 1961, the accumulated balance due and becoming payable to an employee participating in a recognised PF shall be excluded from the comput...
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Why taxpayers need to take stock of their foreign assets now Foreign assets are reported in schedule Foreign Asset or FA of ITR -2 or ITR-3, as applicable to the taxpayer
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A comparison of PMS, MF & AIF for taxation purpose

livemint.com - 3 Jul 2022 18:36
A comparison of PMS, MF & AIF for taxation purpose Often, the advantage of a investment route can have an impact on post-tax yield
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It Is Time To Buy Bonds

Forbes - 3 Jul 2022 18:15
It Is Time To Buy Bonds US notes are due to rally.
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Second-quarter earnings later this month offer investors a chance to quiz Elon Musk on a bewildering run of news, from job cuts to "money furnaces."
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Banks Get Burned by Risky Debt, Imperiling Buyout Activity

Wall Street Journal - 3 Jul 2022 15:03
Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the outlook for deal activity.
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How to add or update nominee details in NPS account online? One can designate up to three nominees for NPS Tier I account in accordance with the rules established by the Pension Fund Regulatory & Development Authority (PFRDA).
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My daughter is studying in US. Can I save tax by transferring some money to her account? Please note that just by transferring income from your account to her saving bank account, you cannot avoid the tax on the income received by you and on which you are otherwise liable to pay tax. Yes. You can gift any su...
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As Deal Spree Sputters, Bankers Brace for Lean Times

Wall Street Journal - 3 Jul 2022 13:00
Weak markets and an uncertain economic outlook have slowed M&A and curtailed IPOs.
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Interest on personal loan can be claimed as income tax deduction in some cases. Details here Income tax benefit: In case the amount of personal loan has been used for purchase, construction or repairs renovation of your house property, you can claim the interest under section 24(b)
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Fund raising via debt placement drops to ₹32,405 cr in Apr-May During April-May 2021-22, ₹53,253 crore was raised through the route
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PNB hikes interest rates on fixed deposits by 10 to 20 bps: Details here On fixed deposits below ₹2 crore, the public sector lender Punjab National Bank (PNB) has increased interest rates. The bank's official website states that the new interest rates will take effect tomorrow, July 4, 2022...
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