Banking And Finance
DBS optimistic about India’s long-term structural growth: Chief says country must invest in talent; focus on wealth space
Su Shan Tan, the chief executive of Singapore-based , views India as a long-term structural growth story despite nearterm volatility. The country could benefit from the surge in global demand…
Tax-free income in India: 5 sources every taxpayer should know about
Not all income earned by an individual is taxable under Indian tax laws. While salary, business income and most investment gains are subject to taxation, the Income Tax Act provides…
Resettled in India? Here’s how Form 40 can help defer tax on overseas retirement savings until withdrawal
NRIs who returned to India and became tax residents but continue to hold retirement savings accounts in countries such as the US, UK, Canada or Australia are eligible to defer…
Found an error in your credit report? Here’s how to file a complaint and get it corrected
Your credit report is an important piece of information that determines whether you qualify for loans, credit cards and it also influences the interest rates lenders offer. Even a tiny…
Market
Dollar falls to 10-day low after US-Iran peace deal
The U.S. dollar slid on Monday to a 10-day low against its major peers as news the United States had agreed to a peace deal with Iran sent oil prices…
Oil prices drop over 4% as US-Iran ceasefire deal lifts market hopes
Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the…
Iran war deal may ease oil crisis, but energy supply recovery could take months
High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It…
CEA Anantha Nageswaran calls AI stock valuations a ‘bubble’, says fears over job losses may be overstated
Chief Economic Advisor (CEA) Dr V Anantha Nageswaran has described the current valuations of artificial intelligence (AI)-related companies as a “bubble”, saying fears about AI-driven job losses may be exaggerated…
Market
Flipkart moves Kolkata HC for GST exemption on delivery charges after appellate ruling setback
E-commerce major has moved the Kolkata High Court with a plea to grant the company GST exemption on delivery charges by treating its services as those provided by a goods…
Hydration to lead next phase of RTD growth, says Tata Consumer Products
is betting on hydration-led beverages, including functional, flavoured and value-added water, to drive the next phase of growth in India’s ready-to-drink (RTD) beverages market. Partha Biswas, President and Head of…
Britain’s banks see fraud cases spike after refund rules take effect
By Phoebe Seers LONDON, June 15 (Reuters) – Britain’s banks recorded the sharpest increase in losses to certain types of fraud since the COVID-era boom in technology-enabled scams, renewing calls…
Hong Kong Issuers Seek to Boost Trading in Overlooked Stocks
(Bloomberg) — Hong Kong stock issuers are looking to boost trading in some stocks suffering from thin volumes, which they say is hurting the ability of companies to access financing…
Axis
