U.S. arrests Mexican drug lord ‘El Mayo’ and El Chapo’s son in Texas

U.S. arrests Mexican drug lord ‘El Mayo’ and El Chapo’s son in Texas

This combination of pictures created on July 26, 2024, shows an undated image obtained from the US Department of State of Ismael “El Mayo” Zambada Garcia (L), cofounder of the Sinaloa Cartel; and an undated image obtained from U.S. Immigration and Customs Enforcement of Joaquin Guzman Lopez, a son of the cartel’s other co-founder, Joaquin … Read more

Budget 2024: Without indexation, LTCG tax may surge by 290% for post-2010 housing assets, says BankBazaar report

Budget 2024: Without indexation, LTCG tax may surge by 290% for post-2010 housing assets, says BankBazaar report

Budget impact: In the Union Budget 2024, the Centre has made noteworthy adjustment regarding the treatment of long-term capital gains (LTCG) in property transactions. Specifically, the indexation benefit has been eliminated, resulting in substantial modifications to the LTCG calculation.  Despite this change, it has been affirmed by the government that properties purchased or inherited prior to … Read more

Power Grid Q1 Results: Standalone profit falls 4% YoY to Rs 3,412 crore, revenue down 2%

Power Grid Q1 Results: Standalone profit falls 4% YoY to Rs 3,412 crore, revenue down 2%

Power Grid on Friday reported a standalone net profit of Rs 3,412 crore in the first quarter ended June 2024. This is a fall of 4% from Rs 3,542 crore posted in the same quarter last year. Revenue from operations during the same period declined 2% year-on-year to Rs 10,068 crore as against Rs 10245 … Read more

‘One early warning signal Madam…’: Nilesh Shah cautions Nirmala Sitharaman on rising gold imports

‘One early warning signal Madam…’: Nilesh Shah cautions Nirmala Sitharaman on rising gold imports

Kotak Mahindra AMC’s MD and CEO, Nilesh Shah, has warned Finance Minister Nirmala Sitharaman of a potential surge in India’s gold import bill after the customs duty cut and rising international prices.  “”One early warning signal Madam, we (India) are importing about 700 tonnes of gold, which is (worth) about $35-40 billion. With the reduction … Read more

Madhu Eravankara to be honoured

Madhu Eravankara to be honoured

Director and writer Madhu Eravankara who completed 50 years as an author will be honoured at a programme, ‘Sargasuvarnam- Sargayathra,’ at Mavelikara Cooperative Bank Auditorium on July 28. It will be inaugurated by film director Adoor Gopalakrishnan at 9.30 a.m. Former Vice-Chancellor of Kannur University P.K. Michael Tharakan will preside. On the occasion, Kadalshankukal Venmeghangal, … Read more

Mutual Funds: Mirae to restart SIP, STP, lumpsum in Mirae Asset Large & Midcap Fund from Aug 1

Mutual Funds: Mirae to restart SIP, STP, lumpsum in Mirae Asset Large & Midcap Fund from Aug 1

Mirae Asset Investment Managers has announced the withdrawal of the existing temporary suspension on subscription through the Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), switch-ins & lumpsum in Mirae Asset Large and Midcap Fund (‘the Scheme’) and enabling other facilities from August 1, 2024. The fund will resume accepting subscriptions through Systematic Investment Plans … Read more