Mon, December 2, 2024

by: Bill Williamson

India removes windfall profit tax on domestically-produced crude oil and fuel exports

by: Bill Williamson

Ripple's XRP Becomes One of World's Biggest Cryptocurrencies After Trump Election Surge

Ripple Labs' XRP Token has come up trumps post-election to become one of the world's biggest cryptocurrencies. The currency leapfrogged Solana's SOL and is now fourth behind only Tether's USDT, Ether token and of course Bitcoin.

by: Bill Williamson

Swiss corruption case involving Trafigura and former executive opens

Trafigura and three other defendants including a former board member go on trial over the alleged payment of bribes to an Angolan oil official for oil deals in a landmark case that opens on Monday.

by: Bill Williamson

Sebi issues attachment order for Anil Ambani's Reliance Big Entertainment

In its order, Sebi directed the attachment of all accounts, lockers, and proceeds due, along with freezing any debits from the accounts

by: Bill Williamson

Stock market today: Dow, S&P 500 hold near record highs to kick off final month of banner 2024

S&P 500 futures ( ES=F) slipped 0.1%, coming off a record close, while Dow Jones Industrial Average futures ( YM=F) were little changed on the heels of the index's own all-time high. Contracts on the tech-heavy Nasdaq 100 ( NQ=F) were also down 0.1%.

by: Bill Williamson

The good and the bad for South Africa heading into 2025

Momentum Investments unpacks how recent developments have created a more favourable environment for South Africa, but major risks remain.

by: Bill Williamson

Costco's Buffalo plan: cost, timeline and more

Costco wants "the site fully built out before they start building construction," Matt Oates, Benderson director of engineering, said in the May 16 email.

by: Bill Williamson

Avoid bad financial decisions: Spend wisely this festive season

by: Bill Williamson

Money blog: The one supplement experts agree is worth every penny

A reader's dispute with Karpet Kingdom, a look at whether vitamin D pills are worth it, and a story about Lifetime ISA rules leaving some Britons out of pocket are among the posts in today's Money blog - Sky News' hub for personal finance and consumer news.

by: Bill Williamson

Comment: Women are custodians of nature - and key to improving the integrity of carbon markets

As the world grapples with the urgent need to combat climate change, we find ourselves at a crucial juncture in the evolution of carbon markets.

by: Bill Williamson

Top Dividend Stocks To Watch In December 2024

by: Bill Williamson

Explainer: What's next in France's political and budget crises?

France's minority government is in a precarious position, with the far-right National Rally party promising to force the collapse of Prime Minister Michel Barnier's cabinet unless it yields to its demands on next year's budget.

by: Bill Williamson

The Closing: Dayssi Kanavos

Flag Luxury hotel developer and hospitality expert answers questions about getting into real estate, working with family and building in Miami

by: Bill Williamson

I'm in my 50s and am planning for early retirement abroad - how do I reduce my taxes on the $9 million in my retirement accounts?

F.I.R.E. strategy followers without a tax plan can face early withdrawal penalties, and tax issues that can be exacerbated if they become expats.

by: Bill Williamson

Business Council of Australia declares South Australia the winner for 2024

South Australia beats out every other state and territory as the best place in the country for business, the Business Council of Australia says.

by: Bill Williamson

Finance in the Age of AI: BFSI CFOs explore operational excellence, enhanced security and future readiness

Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

by: Bill Williamson

Lord's Mark Industries Ltd. Strengthens Financial Governance with the Appointment of Sanjeev S Gupta & Associates as Peer Auditor

Lord's Mark Industries Ltd., a diversified business group, is pleased to announce the appointment of Sanjeev S Gupta & Associates. They are among top 25 audit firms in our country as per sources.

by: Bill Williamson

Maxed out? Try these five Stealth Elf moves to take control of your credit card debt

by: Bill Williamson

Kazakh & Chinese Officials, Business Leaders Intend to Enhance Interregional Cooperation

ASTANA - Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu and Sichuan Communist Party Committee Secretary Wang Xiaohui reviewed the opportunities for Kazakhstan and China's interregional cooperation during a Nov. 30 meeting in Chengdu.

by: Bill Williamson

FTSE 100 LIVE: Stocks lower as UK house prices grow at fastest annual pace for two years

by: Bill Williamson

FinBox launches Industry's first Account Aggregation based data platform

FinBox, One of India's leading credit infrastructure and risk intelligence companies - has recently announced the launch of an Account Aggregator based Customer Data Platform (CDP) This unified platform will enable banks and NBFCs to access extensive customer data points and get actionable insights real-time.

by: Bill Williamson

Active fund managers hiked exposure to these sub-sectors. Are you invested in any of these?

Active fund managers have either increased their exposure to or taken fresh positions in equities in these sub-sectors.

by: Bill Williamson

Brian Anderson, driver of Akron polymer cluster, takes a break

People around town who've been following the development of a polymer club hang that moniker on Brian Anderson because more than probably any other single person he's been responsible for the cluster's successful development — and its ability to attract about $100 million in funding from the federal and state governments,

by: Bill Williamson

Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom

Four out of Canada's six largest banks are expected to show a rise in earnings for the fourth quarter as Bay Street turns its focus to the lenders' forecasts for the new year amid interest rate cuts,

by: Bill Williamson

How to get a PAN card digitally on your email? A step-by-step guide

A nominal fee is required for a physical PAN card. It is important to note that existing PAN cards will remain valid even without the QR code

by: Bill Williamson

SBI to Open 500 New Branches in FY25 | Latest News

State Bank of India (SBI) plans to open 500 new branches across India in FY25. The bank has already opened 135 new branches till October 31, 2024.

by: Bill Williamson

Prosus' potential India IPOs: Meesho, BlueStone, PayU and Urban Company

Prosus is also looking at Captain Fresh, Mintifi, Vastu Housing Finance, Mensa Brands and Eruditus as future IPO candidates to capitalise on India's startup ecosystem

by: Bill Williamson

'Cost of health, life insurance...': Nirmala Sitharaman shares crucial update on GST in Parliament

In a written response in the Lok Sabha on December 2, Sitharaman mentioned that during its meeting on September 9, the GST Council had proposed forming a Group of Ministers (GoM) to comprehensively address the issues related to GST on life and health insurance.

by: Bill Williamson

Stupid Good BBQ opens in Springfield this week (why it's called that)

Stupid Good BBQ, the latest concept from Great American Restaurants, one of the largest independent restaurant operators in the D.C. area, opens Dec. 5, in Springfield, Virginia.

by: Bill Williamson

Major update on 'new' currency for South Africa, China and India

US President-elect Donald Trump previously issued a warning to BRICS countries trying to establish a new shared currency.

by: Bill Williamson

PM explores airport management partnership with Egyptian-French consortium

by: Bill Williamson

Aberdeen and Watertown Monuments' company headquarters in Minnesota expands

Sunburst's South Dakota locations include Aberdeen Monument in Aberdeen, Watertown Monument in Watertown and Capital City Monuments in Pierre.

by: Bill Williamson

Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports

The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.

by: Bill Williamson

India's GDP misses expectations, but experts see limited market fallout

Most market experts suggest that the disappointing GDP print for the September quarter will have a limited impact on the markets.

by: Bill Williamson

Best Unsecured Personal Loans of 2024: Reviews, Fees, & Comparisons

Maddy Scheckel is a registered nurse turned freelance writer specializing in personal finance and business topics. You can reach her at contentbymaddy@gmail.com. Earn 4.75% APY when you deposit at ...

by: Bill Williamson

The best business credit cards of December 2024

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. If you operate a business, whether part-time or full-time, you may benefit from opening a business ...

by: Bill Williamson

Kenya Pays Over KSh 965.9m in Stipends, Arrears to More than 3,000 Medical Interns

William Ruto's administration announced a release of stipends and arrears owed to medical interns as the Ministry of Health continues talks with the unions.

by: Bill Williamson

BRICS, De-Dollarization, and the US Trade War: What's at Stake?

Fears of a global trade war are growing as Donald Trump intensifies his rhetoric against the BRICS nations—Brazil, Russia, India, China, and South Africa—along with newly joined members like Iran, Saudi Arabia,

by: Bill Williamson

Kuwait's Investment Landscape and Financial Resilience Explored at Exclusive Event

by: Bill Williamson

SG Enable, Zero Project host first Apac symposium on inclusive hiring and workplaces

SG Enable, the focal agency for disability and inclusion in Singapore, has held its inaugural Asia-Pacific symposium in collaboration with non-profit organisation Zero Project to boost disability inclusion across the region.

by: Bill Williamson

Digital Agriculture Mission: Centre asks states to make farmer IDs faster

The Farmer ID will form the core of the 'Farmers' Registry', one of the three registries under the 'Agri Stack' initiative, part of the Centre's Digital Agriculture Mission

by: Bill Williamson

Traders' Diary: Lemon Tree, DMart, Cochin Shipyard, Petronet LNG among over a dozen scrips on analysts' watchlists today

Need stocks to trade today? Zee Business analysts Kushal Gupta and Ashish Chaturvedi have shared their views on more than a dozen stocks in focus in the first trading session of December.

by: Bill Williamson

Delhi HC to hear plea by BJP MLAs seeking CAG reports in Assembly

The Delhi High Court will hear on December 9 a plea by the city's opposition leaders seeking a direction to place Comptroller and Auditor General (CAG) reports related to liquor duty, pollution and finance before the Assembly.

by: Bill Williamson

Gold loans from banks surge, other personal loans see moderate rise

by: Bill Williamson

Budget could wipe out 125,000 jobs in family businesses

The government's move to limit inheritance tax relief for family-owned businesses could cost Britain roughly 125,000 jobs and significantly reduce economic activity, new research has found. The change unveiled in Labour's first Budget could reduce the value of goods and services produced across the UK economy by £9.

by: Bill Williamson

Australia's central bank says risks from non-bank lenders limited

AUSTRALIA'S central bank said on Monday (Dec 2) that risks from non-bank lenders in securitisation are limited as the labour market remained resilient, supporting households and businesses, and the size of the sector remains small overall.

by: Bill Williamson

NSE Indices launches Nifty India Railways PSU Index

by: Bill Williamson

Financial and community hurdles slow geothermal energy development in Southeast Asia

Positioned along the seismically active Ring of Fire, Indonesia and the Philippines have the second and third highest installed geothermal energy capacity in the world, after the United States. Both Southeast Asian island nations are tapping into only a small fraction of their geothermal potential,

India removes windfall profit tax on domestically-produced crude oil and fuel exports

The Centre has removed the windfall profit tax on domestically-produced crude oil and fuel exports, according to media reports. Minister of State for finance Pankaj Chaudhary reportedly tabled a notification in the Rajya Sabha about the decision of removing tax on crude oil.

The Indian government has eliminated the windfall profit tax on domestically produced crude oil and the export of fuels like diesel and aviation turbine fuel (ATF), effective immediately as of December 2, 2024. This decision was influenced by the decline in global oil prices, which had previously prompted the imposition of these taxes to capture excess profits when oil prices were high. The removal of the Special Additional Excise Duty (SAED) on crude oil, which was set at Rs 6,300 per tonne, and on diesel and ATF exports, previously at Rs 1 per litre, aims to encourage domestic production and exports. This move is expected to benefit oil companies by allowing them to retain higher profits from their sales, potentially stimulating investment in the sector.

Read the Full Business Standard Article at:
https://www.business-standard.com/markets/capital-market-news/india-removes-windfall-profit-tax-on-domestically-produced-crude-oil-and-fuel-exports-124120200938_1.html