SBI and a group of private banks are poised to receive a tax exemption on ₹13,483 crore income from selling their stake in Yes Bank to SMBC. The Yes Bank Reconstruction Scheme, 2020, exempts banks from capital gains tax on profits from the share sale. This deal marks Japan's largest bank's entry into India.
South Korean stock market witnessed a surge. KOSPI benchmark increased, marking a tenth consecutive session of gains. This surge followed the government's decision to scrap a proposed stock investment tax hike. Samsung Electronics saw a rise, while Hyundai Motor and Kia Corp experienced declines. Foreign investors actively bought
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Mortgage rates are dropping at their fastest pace in nearly a year which could give a much needed boost to the frozen housing market— as well as stocks tied to home loan servicers, builders and home retailers. The Data: The 30-year fixed mortgage rate averaged 6.35% for the week
A sale to China was likely to come at a hefty discount before talks with JD.com collapsed. As shoppers focus on essentials, the brand now looks like a luxury Read Full Article →
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