Democrats are about to include a massive tax cut for the wealthy in their social spending plan. The plan could deliver much larger benefits to high-earners compared to middle-income families. Democrats argue that passage of the SALT cap in the Trump tax law was punitive to blue-state voters. Rich Americans could come out much further … Read more
The much-awaited auction for 5G spectrum may happen sometime around April-May next year, Union minister Ashwani Vaishnaw said on Thursday. Addressing the Times Now Summit 2021, the minister stated that the Telecom Regulatory Authority of India (Trai), which looks at the structure of auctions, is undergoing consultations on the matter and may submit their report … Read more
Governor Shaktikanta Das reiterated his views against allowing cryptocurrencies saying they are serious threat to any financial system since they are unregulated by central banks. The monetary authority on Wednesday again reiterated its strong views against cryptocurrencies saying they pose serious threats to the macroeconomic and financial stability of the country and also doubted the … Read more
The-controlled Godrej & Boyce Manufacturing Company (G&B) will continue to retain the around 3,401 acres of land that it owns, even as a division in the family business is expected to conclude soon. The Godrej family is synonymous with landholdings and the maintenance of what is the largest privately managed mangrove belt in the city. … Read more
Shoppers can expect more discounts in stores in the coming months because of the supply chain crisis. BMO analysts said delays mean items could arrive too late for the holidays and then be marked down. Retailers are also over-ordering items to avoid shortages, which could lead to leftover stock. The supply chain crisis might stop … Read more
Tata Sons Ltd, the holding company of India’s largest conglomerate, is evaluating the sale of non-core real estate assets owned by its operating companies, including land, and residential and commercial real estate, two people aware of the plans said. The company has engaged consultants to identify and value the group’s real estate assets in India … Read more
Veteran investor Mark Mobius has allocated almost half of his emerging-markets fund to India and Taiwan to help offset a slide in China shares that has dragged down returns from developing nations as a whole. “India is on a 50-year rally,” even if there are short bouts of bear markets, Mobius said in an interview … Read more
Billionaire Elon Musk on Saturday asked his Twitter followers to decide whether he should sell 10% of his Tesla stock, promising to “abide by the results of this poll, whichever way it goes.” “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” … Read more
Warren Buffett’s Berkshire Hathaway Inc. now has a record amount of money to put to work. Berkshire’s cash pile hit new heights at $149.2 billion of funds in the third quarter, surpassing a record set in early 2020, the company said in its earnings report Saturday. The fresh high came even as Buffett poured more … Read more