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Location American Market News for 4 July 2024
Income Tax Returns: What is your default regime-- old or new? Key things you should know before filing ITR Under the new tax regime, income tax slabs were changed and taxpayers were offered concessional tax rates. However, these concessional rates were offered as a trade-off for letting go of a range of exemptions and deducti...
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Discover increased its liability to provide refunds as a result of the misclassification to $1.2 billion, which is expected to cover all payments under the settlement, the company said.
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Wall Street Bids Adieu to Its Biggest Bear

Wall Street Journal - 4 Jul 2024 21:28
JPMorgan's Marko Kolanovic had a knack for making aggressive calls, but now the analyst is out after missing a roaring bull market.
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How can debt PMS fit in your investment portfolio?

livemint.com - 4 Jul 2024 16:39
How can debt PMS fit in your investment portfolio? Debt PMS provides a customised approach to fixed-income investments.
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Do you need a CIBIL score to get a job as a bank clerk? Job seekers resist the idea a great deal Applicants for the post of clerk at public sector banks wonder why CIBIL score is kept as one of the criteria for selection of candidates. An official says this is a way to check the credit discipline which will be exami...
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Downtown Offices Are Toxic. Suburban Ones Are Surviving.

Wall Street Journal - 4 Jul 2024 15:00
Remote working has hit buildings in central business districts much harder than their sleepy counterparts in the 'burbs.
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The outlook for India's stock market performance in the coming decade is bright, buoyed by optimism about the country's economic prospects after last month's general election results, according to analysts.
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European and Asian Stocks Gain; Bitcoin Falls

Wall Street Journal - 4 Jul 2024 14:22
Global stocks rose, while U.S. index futures were mixed, after the S&P 500 and the Nasdaq Composite closed at record highs in the previous session.
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Will my term insurance remain valid if I move abroad? Term insurance policies bought in India typically cover death due to any cause, regardless of where it occurs.
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How to read your credit report accurately? 5 experts explain Credit scores reflect your financial discipline and creditworthiness, crucial for loan approvals and interest rates. Higher scores indicate lower risk and better terms, while lower scores may lead to rejections or higher...
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German recovery suffers shock blow

Telegraph - 4 Jul 2024 11:57
German recovery suffers shock blow Germany's vital factories suffered a sharp drop in orders in May, in a fresh blow to Olaf Scholz and his hopes of a steady economic recovery.
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Heads Up, PayZapp Users! HDFC credit card loads cost more from August HDFC Bank introduces 1% charge on rent and educational payments made through third party apps like CRED, PayTM, Mobikwik, and Freecharge with a max fee of ₹3000 per transaction. Charges reduced for transferring PayZapp...
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What parents of specially-abled children must know about insurance, taxes Estimate expenses required to secure your own retirement and the child's lifetime care. Invest the monthly surplus astutely to fetch good returns. Insurance will play a key role here. Next comes availing tax benefits.
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Making Money on the Election Trade Is Harder Than Ever

Wall Street Journal - 4 Jul 2024 08:10
The obvious lesson: Trades based on voting results are a gamble on unreliable polling.
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How does a family settlement resolve disputes within joint family businesses? India's joint family tradition extends beyond living together to include joint ownership of properties and conducting family businesses. Family Settlement is a way to resolve disputes over assets and business management.
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DSP is bringing back the TIGER. Should you ride it?

livemint.com - 4 Jul 2024 07:30
DSP is bringing back the TIGER. Should you ride it? The DSP TIGER Fund, once a high-flyer, has rebounded strongly, but experts urge caution and a long-term, systematic investment approach due to inherent risks and past volatility
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ITR filing: Know the income tax implications of unreported incomes here ITR filing: Incomes like interest on savings accounts and fixed deposits, profits/losses from switching mutual fund units, and gifts from business associates must be included in the ITR for accurate tax assessment and co...
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Own foreign stocks or MNC Esops? Omit them from ITR at your peril These assets are to be disclosed in Schedule FA every year that you hold them, and not just when you sell. Failing to do so could attract hefty fines and prosecution under the Black Money Act.
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Budget 2024: How incentives from Modi 3.0 govt could shape affordable housing in 2025 Budget 2024 aims to transform India's affordable housing sector, aligning with the 'Housing for All' vision by 2025. Stakeholders highlight the need for budgetary measures to address financing challenges, promote green b...
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Investor Group Raises Macy's Buyout Offer, Again

Wall Street Journal - 4 Jul 2024 02:13
Arkhouse Management and Brigade Capital Management want to acquire Macy's shares they don't already own for $24.80 each, or roughly $6.9 billion.
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