Mattel Inc. Chief Executive Officer Ynon Kreiz is confident the toymaker will achieve a higher market value if it continues on its path as an independent company. His comments follow a report Monday that said Mattel has received a takeover approach from L Catterton, the private equity firm backed by […]
Market
Technical posture for gold remains bullish – analyst India slashes import tax on gold, silver Focus on US PCE data on Friday July 23 – Gold prices edged up on Tuesday and were set to break a four-day losing streak, as investors awaited U.S. economic data due later this week […]
Spotify jumps after results NXP Semiconductors weighs on chip stocks Coca-Cola rises after lifting annual forecasts GM beats Q2 expectations, raises forecast; shares dive Indexes: Dow 0.08%, S&P 0.13%, Nasdaq 0.21% By Lisa Pauline Mattackal and David French July 23 – Wall Street’s main indexes remained largely unchanged heading into […]
(Bloomberg) — Medline Industries Inc. is exploring an initial public offering that could value the medical supplies giant at as much as $50 billion, people familiar with the matter said. The Northfield, Illinois-based company and its private equity owners are in early-stage talks with banks about a potential listing as […]
An unexpected development in this year’s budget was the proposal to tax share buyback income. Finance minister Nirmala Sitharaman proposed that income received on share buybacks should be taxed for the recipients. “It is proposed that the income from buyback of shares by companies be chargeable in the hands of […]
Budget 2024: In a shock to investors, Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for FY 2024-25, announced several key tax changes impacting capital gains and trading activities. FM announced that the long-term capital gains tax rate on all financial and non-financial assets will rise from […]
Dalal Street witnessed volatile stock markets on Tuesday after the government proposed to hike securities transaction tax (STT) on futures & options (F&O) trade in the Union Budget for fiscal year 2024-25. Foreign institutional investors (FIIs) on Tuesday sold stocks of Indian companies worth ₹17,306.08 crore and bought stocks for […]
Budget 2024: Finance Minister Nirmala Sitharaman presented her seventh consecutive budget earlier today and announced several tax changes across income slabs and capital gains on equities and mutual funds. Analyzing the changes in mutual fund investments, Radhika Gupta, Edelweiss MD and CEO of Edelweiss Asset Management Company (AMC), claimed that […]
Let the dust settle on the budget’s tax shocker before chasing any likely dip, but mutual fund investors can continue their investments—In sum, that’s the message from stock market veterans for retail investors, after the Union budget proposed higher capital gains tax for profits from share sales. “The rise in […]
Budget 2024: Finance Minister Nirmala Sitharaman announced an increase in both long-term and short-term capital gains tax in her budget speech earlier today. As per definition, any profit or gain that arises from the sale of a ‘capital asset’ is a capital gain. Sitharaman announced that short-term capital gains on […]