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Market News

Location American Market News for 16 July 2022
NRE account: Eligibility to open, uses, transferability, income tax on interest This NRE account can also be used for payment of EMI of home loans in India
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Debt-Market Jitters Come for Leveraged Loans

Wall Street Journal - 16 Jul 2022 16:00
Default rates remain low, but loans' slide reflects concerns about a slowing economy.
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5 top performing ELSS funds over the past 1 month as per Prabhudas Lilladhar ELSS or Equity Linked Savings Schemes are Mutual fund investment schemes that allow you to claim tax deductions.
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Income Tax Return filing: 5 reasons why you should file your ITR on time ITR forms enable a taxpayer to report their incomes and taxes to be paid in a financial year to the department. It is mandatory to file your ITR if your income is more than the basic exemption limit.
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How to know your UAN online and offline?

livemint.com - 16 Jul 2022 16:18
How to know your UAN online and offline? When a member joins and has an active EPF account, the Employees' Provident Fund Organization (EPFO) assigns him or her a universal 12-digit number known as a UAN.
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Grubhub's Rivals Won't Get Eaten by Prime Partnership

Wall Street Journal - 16 Jul 2022 16:00
Just Eat Takeaway.com's partnership with Amazon.com won't take a big bite out of its competition.
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How Our Dividend Strategy Beats Inflation And Recession In 2022 If you're like me, you're getting sick of this tug-of-war between inflation and recession worries...
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Is Gap Too Far Gone?

Wall Street Journal - 16 Jul 2022 15:00
While a rescue of the apparel company is possible, it won't be easy.
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The Fed Needs to Rewrite Its Playbook

Wall Street Journal - 16 Jul 2022 14:35
The bad side of Fed communications helped get us into this inflationary mess in the first place.
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Student Loans: 3 Important Deadlines

Forbes - 16 Jul 2022 14:30
Student Loans: 3 Important Deadlines Here are 3 important deadlines for your student loans.
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Axis Bank hikes FD rates on certain tenures. Check latest rates here Now, Axis Bank offers a 4.65% rate from a 4.40% rate on tenures of 6 months to less than 7 months, and 8 months and less than 9 months. Meanwhile, a senior citizen earns a 4.90% rate from a 4.65% rate on these tenures.
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Investors rushed to startups offering cryptocurrencies backed by carbon-offset credits, then the markets tanked.
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Canara Bank revises interest rates on fixed deposits: Check new rates here Canara Bank, a public sector lender, increased interest rates on fixed deposits below ₹2 crore.
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DBS Bank hikes FD rates by 20-150 bps. Check new interest rates here The bank raised its FD rates by 20 basis points to a hefty 150 basis points on tenures beginning from 181 days to 10 years. Senior citizens will earn higher rates on their FD investments compared to regular customers.
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Why should you check your EPF contribution after salary hike As per income tax rules, if an EPFO members annual EPF contribution exceeds certain limit, EPF interest earned on amount above the given limit becomes taxable
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Forex: What is currency arbitrage, and is it profitable? Currency markets, just as financial markets, have some imperfections -- the same currency pair can be sold at different prices at the same time. Some traders capitalise on these deviations to make money during a process ...
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What are tax-saving fixed deposits?

livemint.com - 16 Jul 2022 06:36
What are tax-saving fixed deposits? Earning interest on one of the safest savings instruments and saving tax at the same time is equivalent to killing the two birds with one stone. Read further to know more on tax-saving FDs.
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Income tax return: Should you file nil ITR even if you earn below ₹2.5 lakh? ITR filing: To claim refund on TDS deduction, one needs to file income tax return even when one's annul income is below ₹2.50 lakh
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What Is the True Cost of Inflation? It's Complicated.

Wall Street Journal - 16 Jul 2022 06:00
Inflation just hit a four-decade high. Mining more than 100,000 data points from the consumer-price index reveals some nuance. A guide to what's up--and what's next.
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