INDIVIDUAL
GST council likely to give big relief to individuals, senior citizens on Health Insurance premiums: Sources
GST Council Meeting: The 54th GST Council meeting on Monday is expected to make a key decision regarding the GST rate on health insurance premiums. Sources suggest that the Council may reduce the current 18% GST rate on individual health insurance premiums to zero, while the rate on group health insurance premiums could remain unchanged.
What will be India's position at G20 on proposal of 'billionaire tax': Congress asks government
The Congress has urged the government to clarify India's stance on Brazil's proposal for a two per cent wealth tax on dollar billionaires at the upcoming G20 Summit. With 334 billionaires in India, this issue is significant. The proposal, supported by several countries, aims to raise substantial global revenue from wealthy individuals.
Haryana polls: Congress, AAP trying to set aside individual aspirations for alliance, says Raghav Chadha
AAP MP Raghav Chadha announced that both Congress and AAP are working towards an alliance for the Haryana elections, setting aside individual aspirations. While talks are positive, AAP insists on a win-win situation. Seat-sharing details remain undisclosed, but a decision is expected before the nomination deadline of September 12.
Epstein client list: Donald Trump teases release of infamous list if re-elected, says 'fortunately I was not one of them'
Former President Donald Trump has indicated he might release more official files related to Jeffrey Epstein, including the alleged client list, if re-elected. Trump emphasized that he never visited Epstein’s private island and expressed interest in revealing more information about Epstein's clients. He also showed interest in releasing documents related to the assassination of former President John F. Kennedy.
Adani Enterprises kicks off first bond sale aimed at individuals
Adani Enterprises Ltd. opens its first bond issuance for individual investors, aiming to raise up to 8 billion rupees. The issuance comes after a challenging period following a short seller attack last year. The funds will be used primarily to repay debt and for general corporate purposes.
Most IPO investors sold their shares within a week of listing: Sebi study
A Sebi study has found that 70% of individual investors sell their IPO shares within a year. Investors are more likely to sell shares posting positive returns quickly. The study also highlights a decline in high networth individual participation post-April 2022. Most IPO investors come from Gujarat, Maharashtra, Rajasthan, and Uttar Pradesh.
Rising interest from high net worth individuals keep alcobev market in high spirits
India's alcoholic beverages market is gaining traction with mid-sized funding deals due to rising demand for craft beers, artisanal gins, and whiskies. Market drivers include premiumisation and a younger consumer base. Notable deals include Nao Spirits, Woodsmen Mountain Whiskey, and Proost beer, indicating strong growth in the sector.
Hyderabad overtakes Indian IT capital Bengaluru to take third position in Hurun India Rich List
Hyderabad has surpassed Bengaluru in the 2024 Hurun India Rich List, securing the third position in the number of wealthy residents with 17 new entrants. India added 75 new billionaires, bringing the total to 334, while the list expanded its representation to 97 cities, highlighting the nation’s decentralized wealth distribution.
Fraud alert! NSE cautions investors against entities impersonating reputed financial institutions
Individuals and entities using Indian and international mobile numbers and social media platforms such as WhatsApp, Facebook, Telegram, and Instagram have been circulating fake certificates allegedly issued by Sebi and exchanges, according to a joint statement by the exchanges.
Jammu & Kashmir poll pitch: Focus on individual brilliance
J&K gears up for elections post-Article 370 abrogation. Former chief ministers' indecision has opened doors for independent candidates and new faces from various parties. Traditional parties face difficulties in making a strong pitch. Independents could influence outcomes, especially if the assembly ends up hung.
Bengaluru cooker blast injures two, NIA investigation underway
A cooker explosion in Bengaluru's JP Nagar injured Sameer and Mohsin, both from Uttar Pradesh. Police confirmed it was a pressure cooker blast, not tied to terrorism. The National Investigation Agency is investigating with local police. Previously, an IED blast at Rameshwaram Cafe in Bengaluru injured ten people earlier this year.
Number of active investors on NSE surged by 13.9% in June: NSE report
The number of active investors on the National Stock Exchange (NSE) has surged by 13.9 per cent month-on-month, reaching 1.5 crore in June. This increase marks the third consecutive month of growth in active market users.
Top individual investors made more money in June quarter
The Jhunjhunwala family's wealth in listed firms, which surpassed ₹50,000 crore for the first time in the March quarter, declined by nearly 8% to ₹47,053 crore by the end of the June quarter. Stocks like Titan, Crisil, and Sun Pharma Advanced Research fell between 10% and 35% during this period.
Facing budget crunches, Chinese tax collectors descend on companies
Chinese authorities embarked on a crackdown to recover decades-old unpaid taxes from companies and individuals to address significant budget and debt crises. Several corporations were hit with substantial back tax bills, straining businesses amid an economic downturn. Proposed reforms aim to bolster tax collection and enhance local finances, although their implementation remains uncertain.
Asha Kiran shelter home deaths: Delhi HC directs water testing, seeks report from authorities
Delhi High Court called the deaths of 14 Asha Kiran shelter home inmates a "strange coincidence" and ordered an inspection by the social welfare secretary. Most of the deceased had tuberculosis. The court stressed the need for curative measures and decongestion. The matter will be heard again on August 7.
Deepika Kumari reaches women's individual archery quarterfinals; Bhajan Kaur eliminated
Deepika Kumari progressed to the quarterfinals in the women's individual archery event by defeating Germany's Michelle Kroppen 6-4. She maintained a solid performance throughout the sets despite a setback in the fourth set. Bhajan Kaur was eliminated after a tight loss to Indonesia's Diananda Choirunisa, ending her campaign.
Deepika Kumari enters round of 32 in women's individual archery event
Indian archer Deepika Kumari won her opening match against Reena Parnat of Estonia in a dramatic 6-5 shoot-off, advancing to the round of 32 at the Olympic Games. Initially down 3-5, Deepika leveled the scores by shooting consecutive 10s in the final set. She clinched victory with a decisive 9 in the shoot-off, as Parnat managed only an 8. Deepika will face Quinty Roeffen from the Netherlands in her next match, hoping to continue her climb in the tournament.
Sebi proposes measures to curb rise in speculative trading in index derivatives
SEBI proposed raising the minimum contract size for index derivatives and limiting weekly index product offerings to restrict risky speculation among retail investors. The regulator also plans to mandate upfront premium collection and increase margins on options. These measures aim to reduce speculative trading and bring down derivatives market turnover.
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