The government's move to tweak the long-term capital gains (LTCG) tax regime proposed in the Finance Bill 2024 and re-introduce the indexation benefit is likely to boost the investments and spur housing sales in the country, industry executives believe. "By enabling taxpayers to choose the lower tax burden between the new and old schemes, the amendment is poised to drive investment and enhance sales across housing segments," said Niranjan Hiranandani, chairman of the Hiranandani Group. In Budget 2024, Union Finance Minister Nirmala Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5 per cent from 20 per cent.
The Argentine was let go six months after he led the club to the Champions League final and after more than five years in charge. Spurs appointed former Manchester United manager Jose Mourinho as his replacement on Wednesday.
'Every game is important, every win is important, especially clean sheets, so I am very happy. But I can tell you that I was not at all happy at half time. We played well in the first 10 minutes, and then we disappeared.'
India's services sector witnessed one of the strongest growth rates in over 13-and-a-half years in March on the back of strong demand that spurred sales and business activity, a monthly survey said on Thursday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.6 in February to 61.2 in March, one of the strongest expansions in total sales and business activity in close to 14 years. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
The new four-wheeler (4W) electric vehicle (EV) policy may spur the entry of global majors. The manufacturing policy cuts Customs duty to 15 per cent, given a minimum investment commitment. It calls for a minimum investment of Rs 4,150 crore (about $500 million) for making electric four wheelers (e-4Ws), with manufacturing to commence within three years of approval.
Edinson Cavani and Anthony Martial struck late goals as Manchester United claimed a scrappy 2-0 victory over Everton at a bitterly cold Goodison Park,
Kolkata Knight Riders Opener Rahmanullah Gurbaz revealed his mother's special message which spurred him in the IPL 2024 final against Sunrisers Hyderabad on Sunday, May 26, 2024.
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.
'In the short term you keep your return expectations very, very low; in the medium term be prepared to invest and in the long term growth will come and your returns from stocks will be high.'
UltraTech Cement's announcement that it would snap up a controlling stake in India Cements may only be a sign of more to come. In the wake of one of the country's most expensive deals in recent times, cement majors may slug it out to add smaller firms from the region to their portfolio. UltraTech's buy is the latest in the four deals the southern market has seen in less than a year, with Adani Cement being the other buyer.
Images from Saturday's action in the Nations League group stage matches.
Manchester City moved 11 points clear at the top of the English Premier League after a last-gasp goal from Rodri gave them a 2-1 victory at fourth-placed Arsenal on Saturday in a controversy packed game at the Emirates stadium.
The first few months of this season have been disappointing, as Spurs have won only three of their opening 12 Premier League games and are in 14th spot. They were also thrashed 7-2 by Bayern Munich in the Champions League and knocked out of the League Cup by fourth-tier Colchester United.
Harry Kane headed in a last-gasp equaliser to earn Tottenham Hotspur a barely-deserved 2-2 draw in a feisty Premier League derby at Chelsea that ended with both managers being shown red cards after the final whistle on Sunday.
High drama ensued during the English Premier League matches on Wednesday as Spurs manager Jose Mourinho was booked while Brighton stunned Chelsea via Alireza Jahanbakhsh's superb equaliser to deny the Blues victory. Here is all the EPL action in IMAGES from Wednesday's matches.
In days of smart, networked technology and no shame over collateral damage, what will blow up next -- cars, mobile phones, TV sets, refrigerators? And where?, asks Shyam G Menon.
Belgian league leaders Antwerp secured a shock 1-0 win over Tottenham Hotspur and AC Milan extended their unbeaten run to 23 games as they won 3-0 against Sparta Prague in the Europa League on Thursday, while Arsenal cruised to a 3-0 win over Dundalk.
India has submitted its bid to host the much-anticipated World Chess Championship clash between teen sensation D Gukesh and defending champion Ding Liren of China in November-December this year.
On May 15, the weather office had announced the onset of monsoon over Kerala by May 31.
Italian police have arrested the owner of the agriculture company who dumped a 31-year-old Indian worker on the road without medical assistance after his arm was severed by heavy farm machinery, causing his death, a tragic incident that shocked the country and its leadership.
'Expectations are high regarding the change in LTCG with respect to equity investments.'
Arsenal had more than twice as many chances but failed to take any as the visitors defended gamely.
Glimpses from the lives of Modi look-alikes...
The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.
Ammy and Triptii have the chemistry of a door-to-door salesman and disinterested customer.' On the other hand, she and Vicky burn down the house with their scorching sensuality, observes Sukanya Verma.
The Reserve Bank of India (RBI) has identified "climate shocks" as a risk to food inflation rates and overall price rise while stating that the outlook for the country's economic growth remains bright. In its Annual Report for 2023-24, released on Thursday, the central bank said easing supply-chain pressures, broad-based softening in core inflation, and early indications of an above-normal southwest monsoon meant well for the inflation outlook in 2024-25. "The increasing incidence of climate shocks, however, imparts considerable uncertainty to the food inflation and overall inflation outlook," said the RBI while noting headline inflation moderated by 1.3 percentage points on an annual average basis to 5.4 per cent in 2023-24.
Everton and Manchester United drew 1-1 at Goodison Park in the Premier League on Sunday in an enthralling game which ended with late VAR drama.
Congress general secretary Jairam Ramesh said on X that party chief Mallikarjun Kharge has accepted Pitroda's decision.
Images from the Euro 2024 Round of 16 match between Spain and Georgia, at Cologne Stadium, Cologne, Germany, on Sunday.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
Tottenham Hotspur beat hosts Borussia Dortmund 1-0 on Tuesday thanks to a clinical Harry Kane finish, to stroll into the Champions League quarter-finals for only the second time in their history with a 4-0 aggregate victory.
Manchester City needed a second-half penalty from striker Erling Haaland to break the resistance of a dogged Crystal Palace.
'My chants in praise of BJP and RSS stalwarts were a reaction to what MPs like Owaisi did.'
The rains after arriving over Kerala will quickly cover Tamil Nadu and Karnataka, but then might slacken a bit, which could delay its arrival over Northwest India.
Images from the English Premier League matches played on Saturday.
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
Championship (second tier) side Rotherham, who haven't made it through to the fourth round of the competition since 2001-02, kept their composure early on as Fulham controlled the play.
IMAGES from the English Premier League matches played on Wednesday.
Son Heung-min travelled to Seoul for surgery on a fractured arm and will be out of action in any case for several weeks, but Spurs say they will follow British government recommendations while he continues his rehab on his return.
Erling Haaland's double put Manchester City within touching distance of an unprecedented fourth successive Premier League title
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