Sensex falls over 400 points in early trade, Nifty below 11,700

This post was originally published on this siteEquity indices opened in red on Monday with sensex falling over 400 points and Nifty below the 11,700-mark. The 30-share index fell 417.94 points or 1.06 per cent to 39,078.16 in early trade. While, the broader NSE Nifty fell 116.65 points or 0.99 per cent to trade at … Read moreSensex falls over 400 points in early trade, Nifty below 11,700

Tulsa Man Pleads Guilty to Payroll Tax Fraud

This post was originally published on this siteA computer software development company owner pleaded guilty today to failing to account for and pay over employment taxes withheld from his employees’ wages announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney R. Trent Shores for the Northern … Read moreTulsa Man Pleads Guilty to Payroll Tax Fraud

Texas Man Pleads Guilty to Attempting to Provide Material Support to ISIS

This post was originally published on this siteA 20-year-old U.S. citizen from Houston, Texas, has entered a guilty plea to attempting to provide material support to the Islamic State of Iraq and al-Sham (ISIS), a designated foreign terrorist organization. Assistant Attorney General for National Security John C. Demers and U.S. Attorney Ryan K. Patrick for … Read moreTexas Man Pleads Guilty to Attempting to Provide Material Support to ISIS

When Everything from Bat Guano to Quatloos Is Soaring, Speculative Euphoria Has Reached an Extreme

This post was originally published on this siteThe more extreme the speculative euphoria, the greater the risks of a reversal. One sentence sums up the speculative euphoria gripping markets: January and June of this year are the only months in the last 150 which have seen all assets post a positive total return. (Zero Hedge) When every … Read moreWhen Everything from Bat Guano to Quatloos Is Soaring, Speculative Euphoria Has Reached an Extreme

Nearly 4,000 cos set to gain from corp tax reduction

This post was originally published on this siteThe move to reduce the corporation tax rate to 25% will benefit around 4,000 companies with the Centre expected to forego Rs 3,000 cr revenue annually. Officials, however, indicated that there was little headroom to reduce the corporate tax rate for all companies given that a one percentage … Read moreNearly 4,000 cos set to gain from corp tax reduction

NZ’s plan for deposit insurance falls well short of protecting people’s savings

This post was originally published on this siteFrom The Conversation. The New Zealand government’s plan to introduce deposit insurance is a welcome step. Last week, finance minister Grant Robertson announced a new deposit protection regime to make the banking system safer for customers and to strengthen accountability for banks’ actions. Worldwide, 143 countries have deposit … Read moreNZ’s plan for deposit insurance falls well short of protecting people’s savings

Gigantic Wealth Transfer Coming – Gregory Mannarino

This post was originally published on this siteBy Greg Hunter’s USAWatchdog.com (Early Sunday Release) The IMF calls Deutsche Bank (DB) the most “systemically dangerous” financial instruction in the world. So, when a major announcement about DB cutting stock trading around the world happens over the weekend, some think danger is popping up in the global … Read moreGigantic Wealth Transfer Coming – Gregory Mannarino

Mystery of India’s vanishing players in US and other foreign shores

This post was originally published on this siteChandigarh, July 7 (IANS) It’s a game of sportspersons from Punjab being sent abroad illegally for economic reasons by dubious sports bodies. These sports federations are, in fact, selling dollar dreams to Punjabis, say experts. Police officials admit it is a multi-million-dollar ingenious migration racket being run as there … Read moreMystery of India’s vanishing players in US and other foreign shores

‘The effect of disability increases with age but the money remains constant … decision to tax it is demoralising’

This post was originally published on this sitePension rules for armed forces personnel entitle them to two kinds of disability pension based on the cause of disability. Disability pension came along with tax exemption. Last month, finance ministry announced that it would… Please follow and like us:

1.75L entities withdrew over R 1cr each from bank A/cs in 1 yr

This post was originally published on this siteOver 1.75 lakh entities withdrew more than Rs 1 crore each from their bank accounts in 2017-18, adding up to Rs 11 lakh crore, data revealed. ​Sources said the data threw up instances when money was mostly used for illicit purposes. ​Through the proposed 2% tax deduction at … Read more1.75L entities withdrew over R 1cr each from bank A/cs in 1 yr

AI unions to meet chairman over divestment bid

This post was originally published on this siteWith the budget announcing that a 2nd attempt will be made to disinvest Air India, 13 airline unions will meet chairman Ashwani Lohani on Monday. The budget has allocated Rs 1 lakh crore for AI and sources say that unless the government infuses funds to keep the airline … Read moreAI unions to meet chairman over divestment bid

Deutsche Bank to cut 18,000 jobs in 7.4 bln euro overhaul

This post was originally published on this siteDeutsche Bank plans to cut 18,000 jobs in a sweeping, 7.4 billion euro overhaul designed to turn around Germany’s struggling flagship lender. The bank will scrap its global equities business and scale back its investment bank. It expects a 2.8 billion euro ($3.1 billion) net loss in the … Read moreDeutsche Bank to cut 18,000 jobs in 7.4 bln euro overhaul

Why Ravindra Jadeja is a ‘bit’ wrong to bring Sanjay Manjrekar’s personal record into play

This post was originally published on this siteWhile everyone agrees criticism is a ‘necessary evil’ for personal growth and improvement, not many of us, including me, take it well and end up seeing only the ‘evil’. Therefore, when Ravindra Jadeja responded to cricketer-turned-broadcaster Sanjay… Please follow and like us:

Saudi carrier flyadeal ditches grounded Boeing MAX for Airbus

This post was originally published on this siteSaudi budget carrier flyadeal has withdrawn a provisional order for Boeing’s grounded 737 MAX jets, the US plane maker said on Sunday, as the airline confirmed a new order for Airbus A320 aircraft. In a statement, flyadeal separately announced a “significant growth to its fleet, with an order … Read moreSaudi carrier flyadeal ditches grounded Boeing MAX for Airbus

Indian-American motel owner thought she wouldn’t survive massive California earthquake

This post was originally published on this siteLos Angeles, July 7 (IANS & Staff) As officials continue to assess the damages caused by a magnitude 7.1 earthquake that rocked Southern California, an Indian-American owner of a Super 8 motel in Ridgecrest city told CNN she thought the roof would collapse on her and her guests. She … Read moreIndian-American motel owner thought she wouldn’t survive massive California earthquake

Maruti cuts production in June for fifth month in a row

This post was originally published on this siteThe country’s largest car maker Maruti Suzuki India (MSI) has cut vehicle production for the fifth consecutive month in June, according to a regulatory filing. Total passenger vehicle production stood at 1,09,641 units last month, down 16.34 per cent from 1,31,068 units in June 2018. Please follow and … Read moreMaruti cuts production in June for fifth month in a row