BUSINESS
Samsung Family Selling $2 Billion in Shares to Settle Inheritance Tax Obligations
This move is part of a five-year plan initiated following the death of late Samsung Chairman Lee Kun-hee in October 2020, with the family paying inheritance taxes in installments.
Buy on dips strategy has worked well for investors
Buy on dips strategy has worked well for investors with risk-appetite. The market construct now is favourable for the bulls despite the uncertainty surrounding the Israel-Hamas conflict, he said.
India Poised to Become the World's Third-Largest Economy by 2027 with a Nominal GDP of $5 Trillion
In terms of nominal GDP growth, the report anticipates a significant acceleration, reaching 12.4% year-on-year in fiscal year 2025, outperforming China, the US, and the Euro Area.
DRI Conducts Searches at Havells India Office
Havells India confirmed that the search operation was carried out by the DRI, an agency responsible for curbing smuggling and investigating cases of commercial fraud.
Government Attributes Controlled Headline Inflation to LPG Price Reduction and Vegetable Price Adjustment
The report highlights that headline inflation has returned to a controlled state, driven by corrections in vegetable prices and recent reductions in LPG (liquefied petroleum gas) prices.
Government Authorizes SBI to Issue and Redeem Electoral Bonds from November 6 to 20
Electoral bonds deposited by eligible political parties in their accounts will be credited on the same day.
FII selling trend unlikely to continue
The 10-year US bond yield, which had reached 5 percent on October 19, has started to decline, with a notable drop in the last two days, bringing it down to 4.66 percent as of November 3.
Government Considering Increase in 'Affordable Homes' Threshold to Rs 75 Lakh
“Classifying affordable housing as units up to Rs 45 lakh is unrealistic given the high price of land in cities, Dinesh Kapila, Economic Advisor at the Ministry of Housing and Urban Affairs (MHUA) said on Friday.
RBI Imposes Fines on PNB, Federal Bank, and Mercedes Financial Services for Rule Violations
Punjab National Bank: A penalty of Rs 72 lakh for various violations, including the levying of SMS charges on certain accounts despite having invalid mobile numbers in the Core Banking Solution, not strictly adhering to pre-disclosed interest rates in specific term deposit accounts, and failing to specify the interest reset date in MCLR-linked loans.
Starlink Internet Service Turns Profitable, Says Elon Musk
The achievement of breakeven cash flow suggests that Starlink's financial performance has improved to the point where its revenues now cover its operational costs, indicating a more sustainable financial outlook for the service.
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