Mon, February 3, 2025

[ Mon, Feb 03rd 2025 ]: BBC

Trump and Trudeau hold call after US president delays Mexico tariffs

[ Mon, Feb 03rd 2025 ]: Couriermail

'In the lurch': Bank slammed after announcing over a dozen closures

An Aussie bank will close more than a dozen branches across the nation in a move which has been slammed as an "attack on regional communities".

[ Mon, Feb 03rd 2025 ]: Moneyweb

More pain for ArcelorMittal as headline losses expected to widen

A trading update says the headline loss per share is expected to decline by between 165% and 174% for the year to December 2024. The loss per share will likely range between R4.50 and R4.66, compared with a loss per share of R1.70 for the previous financial year.

[ Mon, Feb 03rd 2025 ]: Forbes

Complexity Costs: A Hidden Tax On Your Business

Profit concentration is one of the clearest signs of complexity costs. Across nearly every business I've worked with, there's a similar dynamic: 20-30% of products, services or customers generate most of the profits (often more than 300%!), while the rest erode value.

[ Mon, Feb 03rd 2025 ]: AOL

Bill Gates reminder on Intel struggles: One can get 'annihilated' if you miss a turn in the market

Shares of Intel have plunged 55% in the past year, badly lagging the 21% advance for the Nasdaq Composite ( ^IXIC ). Meanwhile, shares of rival chip player Nvidia have surged 78% over the past year as the company takes a wide lead on artificial intelligence chip innovation compared to Intel and AMD.

[ Mon, Feb 03rd 2025 ]: cnbctv18

How India's Makhana is becoming a global superfood

Makhana, or fox nut, is emerging as a globally recognised superfood due to its rich nutritional profile. Its growing popularity has driven international demand, with prices soaring up to ₹13,000 per kg in global markets, Business Today reported.

[ Mon, Feb 03rd 2025 ]: AOL

Trump's Executive Orders Could Delay Your Tax Refund This Year: Here's What You Can Do

President Donald Trump has issued a slew of executive orders (EO) since beginning his second term, including one that may have an impact on your tax refund. One of Trump's EOs initiated a

[ Mon, Feb 03rd 2025 ]: AOL

Robinhood will let you bet on Super Bowl LIX between the Kansas City Chiefs and Philadelphia Eagles

The online trading platform ended months of speculation on Monday by saying it would launch event contracts for Super Bowl LIX, allowing customers to place trades on who will win the big game: the Kansas City Chiefs or the Philadelphia Eagles. The event contracts are eligible starting Monday.

[ Mon, Feb 03rd 2025 ]: BBC

Trump says EU tariffs will happen and UK is 'out of line' but deal 'can be worked out'

In essence, the imposition of 25% tariffs on Mexican goods has been expected by the Mexican government from the moment Donald Trump won the presidency. In recent days, President Claudia Sheinbaum has called for "cool heads" in dealing with the trade dispute - and with Washington more generally - under President Trump.

[ Mon, Feb 03rd 2025 ]: BBC

Trump delaying tariffs on imports for a month, Mexico's president says

The US president had said a 25% import tax on goods from Mexico would begin on Tuesday, along with tariffs on goods from Canada and China.

[ Mon, Feb 03rd 2025 ]: ABC

Trump 2nd term live updates: Musk 'in the process' of 'shutting down' USAID, he says

President Donald Trump has begun his second administration with a series of controversial moves and decisions.

[ Mon, Feb 03rd 2025 ]: Fortune

How Trump's decision to fire NLRB and EEOC commissioners could change the future of the workplace

The impact of these dismissals "cannot be overstated."

[ Mon, Feb 03rd 2025 ]: inc42

How AssetPlus Turned Mutual Fund Distribution Into A Scalable Tech Ecosystem

The platform provides MFDs with proprietary research on best-performing financial products, marketing materials and training programmes to improve advisory skills.

[ Mon, Feb 03rd 2025 ]: Reuters

ESG Watch: Companies 'complacent about cybercrime', despite rise in risk from AI

In the World Economic Forum's latest Global Risks Report three of the top 10 risks are technological: misinformation and disinformation; adverse outcomes of AI technologies; and cyber espionage and warfare.

[ Mon, Feb 03rd 2025 ]: Reuters

Americans have high hopes for Trump's economy, Gallup poll shows

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

[ Mon, Feb 03rd 2025 ]: Indiatimes

Navigating Budget 2025: Implications for taxpayers and markets

Analysing Budget 2025 and how finance minister Nirmala Sitharaman's budget has had a fallout on markets; how can investors balance risks in evolving f

[ Mon, Feb 03rd 2025 ]: Reuters

Julius Baer announces net profit of $1.12 bln for 2024

Swiss bank Julius Baer on Monday reported a net profit of 1.022 billion Swiss francs ($1.12 billion) for 2024.

[ Mon, Feb 03rd 2025 ]: MSN

India is slashing taxes. It must now cut red tape

Narendra Modi's government has raised the effective income tax threshold and introduced tax relief, aiming to boost consumer sentiment amidst an economic slowdown. However, significant economic recovery will require job creation and easing the business environment,

[ Mon, Feb 03rd 2025 ]: MSN

'AI is the new global arms race': Boyd Company expert says Abilene is a key player in worldwide AI growth

John Boyd, Corporate Location Consultant, and Site Selection Expert at the Boyd Company, recently weighed in on Abilene as it steps into the spotlight with the announcement of the largest artificial intelligence infrastructure project in history.

[ Mon, Feb 03rd 2025 ]: MSN

To help pay for Trump tax cuts, new taxes on worker benefits become GOP target

The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income as a way to pay for tax cuts.
Sun, February 2, 2025

[ Sun, Feb 02nd 2025 ]: Reuters

Porsche starts talks to end CFO, sales chief contracts

Porsche's supervisory board has started talks to end finance chief Lutz Meschke's and sales executive Detlev von Platen's contracts early, the German luxury carmaker said in a statement late on Saturday,

[ Sun, Feb 02nd 2025 ]: NDTV

Budget Focus On Bihar, Delhi Polls? N Sitharaman Cites Abraham Lincoln

Finance Minister Nirmala Sitharaman countered the Opposition's charge that the Centre has extended big Budget gifts to Bihar with an eye on the upcoming polls,

[ Sun, Feb 02nd 2025 ]: Couriermail

Former Labor premier Anna Bligh to retire as CEO of Australian Banking Association

Anna Bligh has announced she is standing down as the chief executive of the Australian Banking Association (ABA) after more than eight years in the role.

[ Sun, Feb 02nd 2025 ]: Reuters

Reactions to Trump's tariffs on goods from Mexico, Canada, China

U.S. President Donald Trump on Saturday ordered tariffs of 25% on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address what he calls a national emergency of fentanyl and illegal immigration pouring into the U.

[ Sun, Feb 02nd 2025 ]: CNN

These Americans don't think the economy is getting any better. Welcome to 'No Buy 2025'

Many Americans, especially female content creators, are pushing back against overconsumption and pledging to buy less — or even nothing beyond essentials — as well as not repurchasing a product they own until it has expired or no longer has use.

[ Sun, Feb 02nd 2025 ]: Reuters

US Senate panel to vote on RFK Jr.'s health secretary nomination

A U.S. Senate committee will vote Tuesday on whether to advance President Donald Trump's nomination of Robert F. Kennedy Jr. to lead the Department of Health and Human Services, the committee announced Sunday.

[ Sun, Feb 02nd 2025 ]: stockhead

The NT wants to rebuild its economy and lure investment from miners and explorers

The new NT Government has put addressing crime and rebuilding its economy at the top of its priority list, and that's good for miners.

[ Sun, Feb 02nd 2025 ]: Mint

Income Tax Budget 2025 LIVE: How to save up to ?2.6 lakh under new tax rates?

Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is no income tax for those drawing ₹12 lakh and less. We take a look at who is most likely to benefit from the changed income tax slab.

[ Sun, Feb 02nd 2025 ]: BBC

Booze, oil and orange juice: How Canada could fight Trump tariffs

As Justin Trudeau warns Canadians they could face "difficult days" ahead, here are four options for retaliation.

[ Sun, Feb 02nd 2025 ]: MSN

I'm a multimillionaire who balances frugality and treating my 3 kids. I remember what it's like not to be wealthy.

Brandon Medford, CEO and multimillionaire, balances frugality and treating his kids. He learned to build his wealth after starting his own company.

[ Sun, Feb 02nd 2025 ]: MSN

Canada, Mexico Hit Back at Trump Tariffs, China Vows Action

Canada and Mexico vowed to hit back at US tariffs with tit-for-tat measures after President Donald Trump followed through on his threats of general levies of 25%, beginning a trade war that's set to reshape global supply chains.

[ Sun, Feb 02nd 2025 ]: Mint

Union Budget 2025 Highlights: Nirmala Sitharaman will introduce IT bill next week, PM Modi congratulates FM

Budget 2025 LIVE updates: Abhishek Jain, Indirect Tax Head & Partner of KPMG, highlighted that the adjustments announced to customs duties in India are set to foster expansion and development in the nation.

[ Sun, Feb 02nd 2025 ]: MSN

Textiles to toys: MSMEs get a Rs 2,250 crore booster shot with mission exports

Commerce, MSME and finance ministries in India will collaborate to identify key sectors needing significant capital for technology upgrades, marketing, and accessing new markets to boost exports. An Export Promotion Mission with a budget of Rs 2,

[ Sun, Feb 02nd 2025 ]: NDTV

Can You Still Opt For Old Tax Regime? And Will You Gain Or Lose Out

With Finance Minister Nirmala Sitharaman announcing big rebates for taxpayers in the middle-income group under the new tax regime, many are left wondering if the government plans to scrap the old tax
Sat, February 1, 2025

[ Sat, Feb 01st 2025 ]: Reuters

Trump fires consumer bureau director Chopra, source says

Rohit Chopra announced early Saturday he was stepping down as head of the top U.S. watchdog agency for consumer finance after President Donald Trump fired him overnight, according a letter Chopra posted online and a person familiar with the situation.

[ Sat, Feb 01st 2025 ]: MSN

Trump's tariffs on Mexico, Canada and China spark fears of a trade war

President Trump announced sweeping tariffs on goods imported from Mexico, Canada and China, sending shocks through the global supply chain and raising fears about consumer costs.

[ Sat, Feb 01st 2025 ]: Mint

Budget 2025 | Tax clarity for AIFs as income will now be treated as capital gains

The amendment is significant given that, according to data from the Sebi, more than 1,400 AIFs in the country had raised a cumulative ₹5 trillion as of September 2024.

[ Sat, Feb 01st 2025 ]: cnbctv18

Budget 2025: High-level panel to review non-financial sector regulations, Says FM

Sitharaman also urged state governments to participate in this effort to create a more business-friendly environment.

[ Sat, Feb 01st 2025 ]: AOL

Ford CEO Jim Farley on the 'huge business' of Mustang, Bronco, and Raptor performance vehicles

While performance cars and racing get the Ford faithful excited, it's been a growing business for Ford too. We spoke to Ford CEO Jim Farley from Charlotte Motor Speedway, where the Ford Performance team and Farley himself were showing off its enthusiast offerings.

[ Sat, Feb 01st 2025 ]: cnbctv18

Income Tax Slabs 2025 LIVE Updates: India Inc welcomes the new income tax bill, relaxation in TCS, TDS regulations

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today. Experts expect potential reforms, from tax rate cuts to an overhaul of the system, aimed at boosting consumption, simplifying taxation,

[ Sat, Feb 01st 2025 ]: Mint

Budget 2025 | Tax relief for AIFs as income will now be treated as capital gains

The amendment is significant given that, according to data from the Sebi, more than 1,400 AIFs in the country had raised a cumulative ₹5 trillion as of September 2024.

[ Sat, Feb 01st 2025 ]: Firstpost

What are the new income tax slabs introduced in Union Budget 2025? How much will you save now?

Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. As per the changes, there is no tax on income up to Rs 12 lakh. This rejig is expected to boost disposable income,

[ Sat, Feb 01st 2025 ]: Forbes

Trump's $10 Trillion Crypto Bet: Stablecoins To Replace Eurodollars?

The modern financial system runs on a form of dollars that most Americans have never heard of Eurodollars. Will they be replaced by stablecoins?

[ Sat, Feb 01st 2025 ]: Firstpost

Big tax relief for middle class, push for agriculture, MSMEs: Takeaways of Union Budget 2025-2026

Nirmala Sitharaman made a slew of huge announcements during the 2025-2026 Union Budget speech - perhaps none bigger than that there would be no tax on income up to Rs 12 lakh under the new regime. But what other schemes did the finance minister unveil?

[ Sat, Feb 01st 2025 ]: NDTV

'B' In Budget Stands For Bihar: Memes Take Over Social Media

The Union government has announced several big-ticket plans for Bihar in the budget, delighting the business community and citizens and sparking a meme fest on social media.

[ Sat, Feb 01st 2025 ]: Reuters

INDIA BUDGET India to set up $3-bln maritime development fund for shipping industry

India will set up a 250-billion-rupee ($2.9-billion) maritime development fund for the long-term financing of the country's shipbuilding and repair industry, Finance Minister Nirmala Sitharaman said on Saturday.

[ Sat, Feb 01st 2025 ]: NDTV

Finance Minister Unveils 6 New Schemes, Raises Kisan Credit Card Limit

Finance Minister Nirmala Sitharaman on Saturday announced six new schemes and increased the subsidised Kisan Credit Card (KCC) loan limit to Rs 7 lakh from Rs 5 lakh.

[ Sat, Feb 01st 2025 ]: MSN

Union Budget 2025: Finance minister Nirmala Sitharaman announces Nuclear Energy Mission with expenditure of Rs 20,000 crore

Finance minister Nirmala Sitharaman announced a Nuclear Energy Mission with a Rs 20,000 crore allocation for small modular reactors and 10,000 technology research fellowships at IITs and IISc over five years.

Centre's tax clarity on VC asset sales to reduce litigation

Previously, the reading of the Income Tax Act led to proceeds from exits to be considered business income for domestic alternative investment funds (AIFs), leading to these firms paying income tax.

The article from MSN discusses the Indian government's initiative to provide tax clarity on the sale of assets by venture capital (VC) funds, aiming to reduce litigation. The Central Board of Direct Taxes (CBDT) has issued guidelines to clarify the tax treatment of these transactions, particularly focusing on the distinction between capital gains and business income. This move is intended to streamline tax processes, reduce disputes, and provide a more predictable tax environment for investors. The guidelines address the classification of income from the sale of shares or assets, which has been a contentious issue leading to numerous legal battles. By offering clear definitions and criteria, the government hopes to foster a more conducive environment for venture capital investments in India.

Read the Full MSN Article at:
https://www.msn.com/en-in/money/other/centre-s-tax-clarity-on-vc-asset-sales-to-reduce-litigation/ar-AA1yihYk