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Market News

Location American Market News for 4 February 2023
Tax saving guide: The optimal tax saving instruments under old tax regime In the Union Budget 2023, Finance Minister Nirmala Sitharaman announced significant adjustments to the new income tax regime, including reduced tax rates and a tax rebate on annual income up to ₹7 lakh.
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How Much More Tax-Efficient Are ETFs Than Mutual Funds?

Wall Street Journal - 4 Feb 2023 19:00
We looked at the difference in posttax returns between mutual funds and exchange-traded funds. Here's what we found.
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Crypto Crisis: A Timeline of Key Events

Wall Street Journal - 4 Feb 2023 19:00
The industry's troubles began months before the remarkable collapse of Sam Bankman-Fried's FTX in November.
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Macroeconomic tailwinds to propel growth in private credit investment and AIFs The supply of credit remains an undeniable catalyst for the growth of the Indian economy. In its journey to becoming a US$5 trillion economy, India requires a credit supply that amounts to ~50% of that targeted economy s...
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How taxes are calculated on salary above ₹7 lakh in new regime? A quick view Among the key highlights of new tax regime would be, the exemption limit to the salary of ₹7 lakh. This means, a taxpayer whose income is ₹7 lakh will not be required to pay any tax. But this is not the case with the...
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Why It's So Hard to Be an ESG Investor

Wall Street Journal - 4 Feb 2023 17:00
A lot of people want to put their money where their values are. But it isn't so simple.
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The continent is weaning itself off Russian oil and gas in steps. The next phase could bring fresh snags for buyers and fat profits for refiners.
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What Is An Earnings Recession, And How Does It Affect Stock Prices? Earnings season is here, and the numbers may not be as robust as investors hope. This has sparked fears of an earnings recession.
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SEBI proposes measures to make AIFs more investor-friendly The regulator's consultation paper talks of adoption of trail commissions, and introduction of direct plans in AIFs.
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Income tax calculator: Top 5 tax saving options other than Section 80C benefit Income tax calculator: In National Pension System (NPS) scheme, an earning individual is given an additional ₹50,000 tax deduction under Section 80CCD (1B)
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The Retreat of the Amateur Investors

Wall Street Journal - 4 Feb 2023 07:00
A pandemic boom attracted scores of Americans seeking gains. Now that some are backing away, the markets risk losing a key support.
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Bank of America Cut CEO Brian Moynihan's Pay 6% in 2022

Wall Street Journal - 4 Feb 2023 00:07
The bank's leader earned $30 million for the year, including base salary of $1.5 million.
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