Category: Business

Private equity firm plots takeover for Telegraph following Lord Rothermere withdrawal

July 17, 2024 Admin No Comments

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email A private equity firm is plotting a takeover bid for The Telegraph newspaper group, following Daily Mail owner Lord Rothermere’s withdrawal last week. Telegraph Media Group is seeking a buyer after its proposed…

Business

ITR Filing AY 2024-25: What Are The Income Tax Slabs For FY 2023-24 In New & Old Regime? Check Tax Rates Here

July 15, 2024 Admin No Comments

Income Tax Slabs FY 2023-24 rebate under new tax regime: Under the new tax regime, taxpayers with a net taxable income of up to Rs 7,00,000 are eligible for a rebate of up to Rs 25,000. Furthermore, individuals whose net taxable income surpasses Rs 7,00,000 can still avail marginal relief, provided that the additional income…

Business

Mortgage competition hots up as interest rates decision looms

July 13, 2024 Admin No Comments

16 hours ago By Kevin Peachey, Cost of living correspondent Getty Images Competition between mortgage lenders has intensified ahead of a key decision on interest rates by the Bank of England. A host of lenders have made reductions to the cost of new fixed-rate mortgages in recent days. Brokers expect further cuts to come, but mortgage rates…

Business

IMF proposes 45% tax on agriculture income | The Express Tribune

July 10, 2024 Admin No Comments

ISLAMABAD: As Pakistan seeks a multibillion-dollar bailout from the International Monetary Fund (IMF) to stabilise its chronically ailing economy, the global lender has suggested imposition of a standard individual income tax rate of up to 45% on agriculture income – something that may end the disparity in income tax regime without the need to amend…

Business

Govt withdraws recent electricity price hike – SUCH TV

July 9, 2024 Admin No Comments

The federal government has decided to withdraw the recent increase in electricity prices for consumers using up to 200 units per month, in a significant relief for millions of households. This decision, driven by Prime Minister Shehbaz Sharif’s directive, is set to provide substantial financial relief to low and middle-income families across the country. The…

Business

How Much Do High Net-worth Individuals Invest In Term Insurance? Policybazaar Reveals Trends – News18

July 7, 2024 Admin No Comments

In the NCR, followed by Pune, Hyderabad, and Visakhapatnam, several policies worth Rs 20 Crore have been bought by HNIs. (Representative image) More individuals are now opting for customising their coverage with suitable riders to ensure an additional layer of protection. As the awareness and demand for term insurance gain momentum, Policybazaar has observed a…

Business

Finance Ministry Announces Repayment Plan For 8.40% Govt Security 2024 Which Matures In July

July 4, 2024 Admin No Comments

New Delhi: The Ministry of Finance has confirmed the repayment schedule for the ‘8.40 per cent Government Security (GS) 2024’, which is set to mature on July 26, 2024. According to a press release by the Ministry of Finance, given that July 27 and 28 are non-working days, the repayment will be made on July…

Business

U.S. Awards $504 Million for ‘Tech Hubs’ in Overlooked Regions

July 2, 2024 Admin No Comments

The Biden administration awarded $504 million on Tuesday to a dozen projects across the country in a bid to transform communities that had been overlooked in the past into technological powerhouses. The grants will fund “tech hubs” that aim to bolster the production of critical technologies in regions including western Montana, central Indiana, South Florida…

Business

India likely to overtake Japan to become 3rd largest global market for Sony in 2 years – Times of India

June 30, 2024 Admin No Comments

Japanese consumer electronics giant Sony expects India to overtake home market and become the company’s third largest market globally in the next couple of years with its revenue from the country reaching Rs 10,000 crore. Sony India Managing Director Sunil Nayyar said the company clocked a revenue of Rs 6,353 crore in 2022-23 in the…

Business

HSBC, Nationwide and Virgin Money hit by payment issues

June 28, 2024 Admin No Comments

Thousands of UK bank customers have been hit by payment problems affecting some of the biggest High Street lenders. Banks including HSBC, Nationwide, Barclays and Virgin Money have all been affected by issues with a system that operates payments between individuals and firms. Many customers have complained on social media, with some saying their salaries…

Business