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Market News

Location American Market News for 6 March 2022
Will sale of shares attract 10% LTCG tax if sold post 12 months? Interest earned from bonds/debentures issued by PSBs/PSUs is taxable income in the hands of the recipient unless such bonds are specifically exempted by the government through notification
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In a letter to the company's board, the activist investor says has sold the remainder of his stake and his two remaining board representatives are also resigning.
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Oil Buyers Paying Record Premiums for Prompt Deliveries

Wall Street Journal - 6 Mar 2022 12:33
Prices for April deliveries of crude have shot up since Russia invaded Ukraine and buyers began shunning the aggressor's oil exports.
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Bitcoin Cycles Project A Mid-March Top

Forbes - 6 Mar 2022 23:16
Bitcoin Cycles Project A Mid-March Top Cycles point to a mid-month high.
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What a car loan costs you

livemint.com - 6 Mar 2022 22:11
What a car loan costs you A loan for longer may mean smaller equated monthly instalments (EMIs), which makes the car seem more affordable, but overall, you pay more as interest
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How debit, credit and 'pay later' cards differ from each other In 'pay later' cards, no interest fee is applied on any new purchases but you can make partial bill repayments
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NSE or BSE, which has better model to buy US stocks

livemint.com - 6 Mar 2022 21:50
NSE or BSE, which has better model to buy US stocks An unsecured depository receipt is created by a market maker who buys the underlying shares in the US
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Is new tax regime fit for late tax planners

livemint.com - 6 Mar 2022 21:22
Is new tax regime fit for late tax planners Only salaried taxpayers have the option to switch between the two tax regimes every financial year
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U.S.-Stock Funds Down 7.9% for 2022

Wall Street Journal - 6 Mar 2022 19:00
Monthly Monitor: Reaction to Russia's invasion of Ukraine and worries about the Federal Reserve worsened the outlook for investment-grade bonds, too.
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The move by some Russian Banks to use China's state-owned UnionPay system signaled a shift toward greater cooperation between the two countries to help Moscow find alternative ways to connect to the global financial syst...
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Dollar Strength Builds as Ukraine War Deepens

Wall Street Journal - 6 Mar 2022 16:09
The ICE U.S. Dollar index hits its highest level since May 2020 as investors dash to safer assets.
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4 High-Yield Dividend Stocks To Leave Behind Over longer time periods, dividend stock prices tend to follow their dividends--for better or for worse.
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Many investors see reason for optimism when stocks from different corners of the market rally simultaneously. Such moves hint at the underpinnings of a durable advance.
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Investors Start Buying Ukraine, Russia Bonds

Wall Street Journal - 6 Mar 2022 14:00
Distressed-debt funds are swooping in as the war pushes bond prices down.
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Robert Smith, the private-equity firm CEO, played a key role in a transaction that allowed billionaire Robert Brockman to move $635 million offshore without paying taxes, IRS court filing shows.
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I have moved to Australia. I had made some FDs. What are the tax implications? There is no need to break and make fresh deposits. You can continue to hold these fixed deposits made by you while you were in India but you will have to get these deposits designated as NRO deposits which the bank will ...
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My father's HUF wants to gift me ₹10 lakh. Will I need to pay income tax? HUF: The gifts received by members from the HUF is not tax-free in the hands of the recipient member as gifts from HUF to its members is not covered in the exception provided under Section 56(2)(x)
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Do I have to disclose assets in ITR? What are the income tax rules? ITR: The personal balance sheet will have details of your personal assets and liabilities including your capital in the business entity
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