• Mon, December 9, 2024

by: cnbctv18

Budget 2025 | SEZs lost sheen after removal of direct tax breaks, govt mulls amendments to attract cos: Govt sources

Sources highlighted that the government plans to introduce changes to Rules and Subordinate Legislation under the SEZ Act to address immediate concerns, as passing the Bill may take time.

by: Tuko

UK finance minister hails 'milestone' talks with EU counterparts

UK finance minister Rachel Reeves advocated Monday for "more normal trading relations" with the European Union, as she became the first British chancellor since Brexit to attend a meeting of eurozone counterparts.

by: RTE Online

Reeves pushes for closer trade ties with EU in Brussels talks

Improving trade ties with the European Union could boost the economy and drive up living standards, UK Chancellor Rachel Reeves claimed, as she attended a meeting of EU finance ministers today.

by: BBC

Reeves wants 'reset' with EU to boost growth

Closer relations between the UK and the EU will boost economic growth, Rachel Reeves will tell European finance leaders on Monday. In the first address by a British chancellor to the Eurogroup since Brexit, Reeves will say resetting relations means "breaking down barriers to trade" as well as helping "businesses sell in each other's markets".

by: ProPakistani

High-Level Delegation of Foreign Investors Calls on Finance Minister

A high-level delegation of foreign investors and business professionals, mostly based in the United States, called on Federal Minister for Finance Senator

by: business-live

North East deals of the week: key contracts, investments and acquisitions

This week's round-up includes Hitachi Rail, BSF Enterprise, Sore Paws, AMLo Biosciences, MTL Projects and Mark Thompson Lifesciences and Newcells Biotech

by: Crain's Chicago Business

GTCR sells AssuredPartners for $13.45 billion to Arthur J. Gallagher

The insurance brokerage has been part of GTCR's portfolio since 2011. The deal is Rolling Meadows-based Gallagher's largest-ever acquisition.

by: Charlotte Observer

Travel-hack your way to cheaper vacations

Money.ca explains the practice of travel hacking and how to incorporate it into your life.

by: Business Standard

Cracking the whip: Why Sebi is tightening rules for public issues of SMEs

SME IPO is a red-hot market segment. Many of these floats routinely see 100-time subscription and massive gains upon listing

by: CBS News

Who was Brian Thompson, the UnitedHealthcare CEO shot dead in Manhattan?

Here's what we know about UnitedHealthcare CEO Brian Thompson, who was shot to death in Manhattan on Wednesday.

by: Global Finance

Will AI Reboot Supply Chains?

"Embracing AI is a high priority right now for global supply chain leaders across all industries and all jurisdictions," he continues. In KPMG's 2024 CEO Outlook, which surveyed 1,325 CEOs surveyed worldwide, supply chain disruption was rated a top threat to business growth.

by: cpajournal

Why the Office of the CFO is Making Climate and ESG Ambition a Reality

In Brief Despite the headwinds generated by a growing anti-ESG movement, activists, stakeholders, NGOs, and other influencers are escalating their

by: 24/7 Wall St

6 Carl Icahn Quotes Every 70-Year-Old Needs to Hear

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Carl Icahn is a successful businessman and investor. If you're in your 70s,

by: GQ

Want to work from home and get paid like a CEO? 7 high-paying remote jobs you should check out in 2025

Remote jobs have become a game-changer in today's world, offering professionals the freedom to work from anywhere. As remote work mandates grow, job seekers are flocking to these flexible opportunities.

by: Reuters

To help abuse survivors, Biden watchdog launches rulemaking

The U.S. watchdog for consumer finance on Monday announced the start of the rulemaking process to protect victims of domestic violence and elder abuse, saying those who suffer such mistreatment can be coerced into taking on debt or opening bank accounts.

by: Pensions&Investments

SEC announces departure of Division of Trading and Markets director

Haoxiang Zhu, director of the SEC's Division of Trading and Markets, will leave the agency Dec. 10, the agency announced. David Saltiel, a deputy director who also leads the Division's Office of Analytics and Research, will serve as acting director, the SEC said in a Dec. 9 news release.

by: AOL

Steve Jobs taught Gap's former CEO that micromanaging can be a good thing

But some of the greats in business have shown micromanaging can lead to great success. Take Steve Jobs, for example. The former CEO of Apple, who died in 2011 from pancreatic cancer, continues to be revered as one of the greatest leaders in business history, but he's also among some of the most famous micromanagers.

by: bnnbloomberg

Japan's Megabanks Are Flush With Cash and Hunting Overseas Deals

(Bloomberg) -- Japan's megabanks are awash in cash and eager to invest.

by: Forbes

With Rates Dropping, The SBA Is Relaxing Its Refinancing Rules For Small Business

With interest rates easing and inflation cooling, small businesses are getting a much-needed break. A change to the Small Business Administration's (SBA) refinancing program will help them take advantage of the shift. The SBA's recent rule changes to its 504 loan program make it easier for businesses to refinance debt and capitalize on lower rates.

by: TheStreet.com

Younger workers increasingly want crypto paychecks, study finds

Twenty percent of surveyed employees believe that digital assets will become a fundamental part of their paychecks in the next five years, the study showed. Bitcoin emerged as the leading cryptocurrency of choice for employees, with an impressive 72% expressing a preference for receiving their wages or bonuses in it.

by: KOLR10 & Ozarks Local News

Missouri companies sue to stop a law that raises minimum wage and requires paid sick leave

Missouri business groups announced Monday that they have filed a lawsuit to try to stop a voter-approved law that will raise the state's minimum wage and require

by: USA Today

Tariffs may be an inflation worry but so are credit card processing fees, some say

Credit card processing fees cost American households an average of $1,100 annually and are expected to continue rising unless Congress acts, some say.

by: The New Zealand Herald

Superannuation and the great tax debate - Catherine Beard

Couple that with a low drive for saving and unpredictable immigration policies, and an issue begins to emerge: How does New Zealand plan on maintaining first-world living standards and sustaining its reputation as a great place to live?

by: Reuters

Allianz wants to redistribute three quarters of profit to shareholders

Germany's Allianz said on Monday it plans to distribute at least three-quarters of its net profit to shareholders via dividends and share buybacks over the next three years.

by: Couriermail

2024 Christmas shopping hours: Find out what's open over Christmas and New Year's Eve

With Christmas fast approaching it is good to know when essential services will be open and when they will be closed.

by: Global Finance

World's Best Digital Banks 2024: Global And Regional Winners

While already boasting its Sharia-compliant Nomo digital bank, Boubyan Bank, the Best Islamic Digital Bank both globally and for the Middle East, has partnered with Temenos to build an open, cloud-native, API-first architecture. This architecture will provide greater access to modern banking capabilities, with rich Islamic-banking functionality.

by: AOL

Exclusive: Dave Clark hires Amazon chief scientist and other former execs for his AI supply-chain startup

The startup Auger raised $100 million in the fall. Now it's got a founding executive team packed with Amazon veterans.

by: Yahoo Finance

This Top Business Services Stock is a #1 (Strong Buy): Why It Should Be on Your Radar

The Zacks Rank offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here's why you should take advantage.

by: Business Standard

Revenue Secretary Sanjay Malhotra succeeds Shaktikanta Das as RBI governor

Malhotra takes over the reins of the RBI at a time when growth in the domestic economy has fallen to a seven-quarter low

by: Yahoo Finance

Donald Trump's Return Will Bring "A Lot More Volatility" To Business World, But "We'll Survive," Ad Agency Execs Say

Two veteran ad agency execs didn't wave the same pom-poms as other business leaders have after Donald Trump's re-election, but they took solace in the tech sector's strength and deregulatory sentiment.

by: Reuters

Vanguard plans new advice and wealth management division

Money manager Vanguard said on Monday it will establish a new advice and wealth management division led by industry veteran Joanna Rotenberg.

by: AOL

10 Warren Buffett dividend stocks for passive income investors

Berkshire Hathaway's portfolio is filled with dividend stocks, which should come as no surprise to Buffett followers. Buffett invests in companies with strong profitability, sensible capital allocation and competitive advantages,

by: Couriermail

2024 Christmas shopping hours: Find out what's open over Christmas and New Year's

With Christmas fast approaching it is good to know when essential services will be open and when they will be closed.

by: AOL

SEC's climate disclosure rules may not survive under Trump, but many firms still likely to report risks

The current SEC Chair Gary Gensler, who introduced the climate disclosure mandates, will step down on Jan. 20. He is expected to be succeeded by President-elect Donald Trump's nominee, Paul Atkins, who is a veteran regulator with a libertarian outlet, Fortune reported.

by: Reuters

BYD on track to top 2024 sales goal and outsell Ford, Honda

China's top electric vehicle producer BYD is set to show further market share gains when November vehicle sales data is released on Monday, putting it on course to exceed its annual goal and overtake Ford and Honda in global sales.

by: MSN

UFB Direct Review 2024: High-Yield Savings, Money Market Accounts, and More

Read our UFB Direct review to find out if a UFB Direct money market account, checking account, or savings account is the right option for you.

by: Reuters

From budgets to diplomacy, South Korea reels from martial law fallout as Trump looms

From trade and diplomacy to markets and budgets, South Korea struggled to contain the fallout from the president's brief but shocking martial law attempt last week, just as the country navigates an uncertain future with its ally the United States.

by: MSN

Huntington Bank names Christopher Wood to expand capital markets business

Huntington Bank said Monday it has hired a capital market veteran as it looks to expand its footprint in the industry. The Columbus, Ohio-based bank named Christopher Wood as managing executive director of capital markets and sponsorship coverage,

by: MSN

Nvidia's stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details,

by: Reuters

Exclusive: Kering in talks with Italy to settle Alexander McQueen tax dispute, sources say

French luxury goods group Kering is negotiating with the Italian tax authorities to settle a tax probe centred on its Alexander McQueen fashion brand, two sources with direct knowledge of the matter told Reuters on Monday.

by: MSN

Coursera pricing: Comparing costs and the best courses

Coursera is a top-rated hub for online learning. We've broken down how much Coursera costs and some of the best courses available.

by: MSN

I dropped out of high school before becoming a millionaire at 39. I don't buy things for my kids so they learn how to save and invest.

Sophie Musumeci became a millionaire by always focusing on being debt-free. She resists the urge of buying her kids things.

by: MSN

U.S. judge rejects rule capping credit card late fees at $8

The regulation would prevent card issuers with more than one million users from charging more than $8 for late fees unless they could prove to the Consumer Financial Protection Bu

by: MSN

Quarter of small firms fear they cannot sustain financial shocks, survey finds

Quarter of small firms fear they cannot sustain financial shocks, survey finds - Research by HSBC also found two-thirds of company owners said they were not able to grow their business to meet customer demand in 2024.

by: MSN

Gallagher strikes $13.5 billion deal for AssuredPartners to strengthen insurance broker business

Arthur J Gallagher will buy insurance broker AssuredPartners in a $13.45 billion all-cash deal, it said on Monday, as it deepens focus on property and casualty and employee benefits across the U.S. The deal will expand Gallagher's offerings in niche segments,

by: MSN

Treasury Department may fine small businesses $10,000 or more they don't file this new report

The Corporate Transparency Act requires many businesses to file data about their "beneficial owners" by Jan. 1. But the rule is being challenged in court.

by: MSN

Gallagher's $13.5 billion AssuredPartners deal strengthens its US insurance broker business

Arthur J Gallagher said on Monday it would acquire insurance broker AssuredPartners in an all-cash deal worth $13.45 billion, as it deepens focus on property and casualty and employee benefits across the U.

by: MSN

Should You Buy Walmart Stock? This Dow Jones Stock Could Offer Better Value for 2025

Walmart (NYSE: WMT) stock has had an incredible run over the last few years. Since the end of 2022, the stock has doubled in value and sits close to an all-time high. Walmart shares have trounced the Dow Jones Industrial Average (DJINDICES: ^DJI),

Budget 2025 | SEZs lost sheen after removal of direct tax breaks, govt mulls amendments to attract cos: Govt sources

Sources highlighted that the government plans to introduce changes to Rules and Subordinate Legislation under the SEZ Act to address immediate concerns, as passing the Bill may take time.
The article from CNBC TV18 discusses the Indian government's contemplation of amendments to the Special Economic Zones (SEZ) policy to rejuvenate interest from companies. Following the removal of direct tax benefits in 2020, SEZs have seen a decline in appeal. The government is now considering policy changes to make SEZs more attractive, including potentially allowing partial de-notification of SEZs, which would permit companies to use part of their SEZ space for non-SEZ activities. This move aims to address the issue of vacant spaces within SEZs and encourage more businesses to invest or expand within these zones. Additionally, there is a focus on simplifying regulations and possibly reintroducing some form of tax incentives to boost the competitiveness of SEZs. These considerations come as part of the broader economic strategy ahead of the 2025 budget, aiming to enhance India's export capabilities and economic growth.

Read the Full cnbctv18 Article at:
https://www.cnbctv18.com/business/budget-2025-sezs-lost-sheen-after-removal-of-direct-tax-breaks-govt-mulls-amendments-to-attract-cos-govt-sources-19521683.htm

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