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  • Inheritance Tax in India: What You Need to Know

    Inheritance Tax in India: What You Need to Know0

    Inheritance Tax, the process of receiving assets from a deceased loved one, can be a bittersweet experience. In many countries, a portion of the inherited wealth goes to the government as inheritance tax. But what about India? Does India Have an Inheritance Tax? The answer is no. Unlike many developed nations, India does not levy

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  • European Stocks Largely Flat; Ryanair Reports Record June Numbers

    European Stocks Largely Flat; Ryanair Reports Record June Numbers0

    European stock markets traded largely unchanged Tuesday, with investors searching for cues given a light data calendar and a U.S. holiday. At 03:30 ET (07:30 GMT), the DAX index in Germany traded flat, the CAC 40 in France rose 0.1%, while the FTSE 100 in the U.K. traded largely unchanged. There’s little economic data due

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  • Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

    Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting0

    The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50 GMT), the Dollar Index, which tracks the greenback against a basket of

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  • Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?

    Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?0

    Abrdn’s clean-up block trade of a 10.2 percent stake in HDFC AMC will increase the company’s free float market capitalisation but the stock has to rally over 10 percent from the current level to make it back to the MSCI index. “As per the latest global market cap cut-off, HDFC AMC needs to move above

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  • Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues

    Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues0

    Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks was steady, with Wall Street markets closed for the Juneteenth holiday. In Europe, the

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  • Global banks raise forecast to 4% peak for key ECB rate

    Global banks raise forecast to 4% peak for key ECB rate0

    Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised euro zone borrowing costs to their highest level in 22 years

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