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Cut capital gains liability with tax-loss harvesting
by Saloni Mehta / 06:15 pm 21 Sep 2021 Tuesday

If anyone wants to harvest something they actually need to first - pick and then collect.Furthermore same is the case with investing you need to harvest your tax losses by investing or selling in stocks or mutual funds and then offset a capital gain tax or a liability we can cut capital gains liability through these tax-loss harvesting

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ITC Rating: Buy – Status quo on tax is a positive for firm
by Saloni Mehta / 06:10 pm 21 Sep 2021 Tuesday

The GST council has made many changes in the recent GST council which was held in Lucknow.The council has made no change in the cess sector which includes tobacco but this is a positive development for ITC since they will get to recover their money in cigarette volume and they can earn a preferable amount in the coming quarters based upon their evaluation and stock offers.

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Anil Deshmukh’s premises searched: I-T department suspects ₹17-cr tax evasion
by Saloni Mehta / 06:00 pm 21 Sep 2021 Tuesday

The Income-Tax department has been conducting various raids and searches in the premises of the former Maharashtra Home minister Mr Anil Deshmukh and the income tax department has suspected tax evasion of rupees 17 crores recently.Though the lawyer seems to still defend Mr Deshmukh in the said case.

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Crypto Markets Need More Scrutiny From SEC, Investor Groups Say
by Suvayan Sen Gupta / 06:00 pm 21 Sep 2021 Tuesday

Investor advocacy groups urged SEC chair Gary Gensler to more tightly regulate the cryptocurrency industry in a letter on Monday.The letter signed by Americans for Financial Reform Education Fund, the Consumer Federation of America and others, specified stablecoins, crypto lending and exchanges as key areas in need of more regulation.”Without significant regulatory guidance, the digital asset marketplace has been born and grown into a Wild West".

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Securities transaction tax collection in Sept to exceed full year's target
by Saloni Mehta / 05:50 pm 21 Sep 2021 Tuesday

Securities transaction tax collection has been analysed and it has exceeded the budget target that was set for this fiscal year. The target has been exceeded in September itself and stood up to rupees 12000 crores and I have posted a growth of 50% over rupees 8000 crore.

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Binance to End Crypto Derivatives in Australia by December
by Suvayan Sen Gupta / 05:30 pm 21 Sep 2021 Tuesday

Binance is ending its derivatives offerings to Australian crypto traders by the end of this year.Existing users have 90 days to reduce and close their positions on options, futures, and leveraged tokens. After Dec. 23, users will no longer be able to manually reduce their positions and all remaining open positions will be closed, the exchange said Tuesday.The move follows last month’s restrictions on options, margin products, and leveraged tokens where

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HDFC Bank ties up with Paytm to sell credit cards
by Ayush Agarwal / 05:15 pm 21 Sep 2021 Tuesday

HDFC Bank has announced a tie-up with Paytm to start selling co-branded credit cards. The credit cards will be powered by Visa and will include offerings targeted at millennials, business owners and merchants. Paytm has a reach of over 330 million consumers and 21 million merchants.

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SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare
by Suvayan Sen Gupta / 05:00 pm 21 Sep 2021 Tuesday

Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain’s Gerard Pique also investing, the company said on Tuesday.Paris-based Sorare said the investment valued the company at $4.3 billion.Sorare is an online game where players buy officially licensed cards representing soccer players and build teams which play against each other, with the outcome based on the

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KEC International buys Gujarat company for oil & gas projects
by Suvayan Sen Gupta / 04:30 pm 21 Sep 2021 Tuesday

RPG Enterprises' flagship infrastructure company, KEC NSE 3.43 % International, has diversified into engineering and construction for the oil and gas sector with an acquisition and a key appointment of a senior executive, and has ambitions of bagging big-ticket orders in future, its chief executive told ET. On Saturday, KEC announced the acquisition of Gujarat-based Spur Infrastructure at an enterprise value of ₹62 crore.

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Payment of process fee for issuance of notice to State govt not required if govt arrayed as respondent
by Saloni Mehta / 04:25 pm 21 Sep 2021 Tuesday

The Karnataka High court has come up with the circular that the payment of process fee for issuance of any notice that comes in contact with the state government is not required if the government is not arrayed.This notice has come up in view when a copy of writ petition was served to the state government and the circular was issued to an order of a division bench.

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Rachika Sahay Joins Argus Partners (Delhi Office) As A Partner
by Saloni Mehta / 04:20 pm 21 Sep 2021 Tuesday

Rachika Sahay is a graduate of the National law institute University Bhopal and holds an LLM degree from the London School of economics and political science.She has also worked with Trilegal for over five years and has now join Argus partners in their Delhi office as their partner in the corporate and infrastructure practice.

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YCombinator-backed fintech startup inai raises $4M from Paua Ventures, 9Unicorns, others
by Saloni Mehta / 04:15 pm 21 Sep 2021 Tuesday

The startup company INIIA will utilise its capital to strengthen its technology team and expand its products and marketing team.They have recently raised $ 4 million in their seed funding round which was a part of the Y combinator summer 2021 and had people from various ventures including Unicorn and Paua Venture. 

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Airlines to operate at 85% capacity
by Ayush Agarwal / 04:15 pm 21 Sep 2021 Tuesday

The government has allowed airlines to increase capacity to 85% of pre-Covid flights, from 72.5%, and said it will regulate last-minute airfares for flights up to 15 days from the date of booking, starting next month. According to the slab, fares for short-haul flights range between Rs.2,900-8,800, and for long flights between Rs.9,800-27,200.

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Tiger Global-backed Infra.Market buys RDC Concrete for Rs 730 crore
by Saloni Mehta / 04:10 pm 21 Sep 2021 Tuesday

Tiger Global is a backed marketplace of infra market and it has acquired the RDC concrete from its private firm.It is the largest noncement concrete company in India but now intra market has 100% stake in RDC which is over 730 crore. They have manufacturers and suppliers from construction real estate contractors and infrastructure companies.

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Boston cloud security firm Threat Stack to be acquired in $68M deal
by Saloni Mehta / 04:05 pm 21 Sep 2021 Tuesday

F5 has announced that they will be acquiring the threat stack company which is a Boston-based cloud security startup company .Furthermore, the deal has been finalized for 68 million dollars.They will work with clouds be it-  hybrid multi or in a  containerized environment.

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