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Rich made the bulk of long-term stock gains in FY20: Revenue Secretary
NEW DELHI : Most of the long-term capital gain on stocks in FY20 was realized by people ₹50 lakh and above, Revenue Secretary Tarun Bajaj said on Monday, pointing out that the tax introduced in the 2018 Finance Act on long-term capital gains served as a fair tax. Long-term capital gains on shares held for …
This platform wants to disrupt the payday loan industry
NAAC Finance will connect the unbanked with quick cash and financial education, helping them avoid predatory high-interest loans. More than 7 million U.S. households are unbanked, meaning no one living in that household has a checking or savings account, according to a FDIC investigation. Lack of a bank account can make it difficult to get …
LIC IPO set to write capital market history
Potential investors in the IPO of Life Insurance Corporation of India (LIC), the state-run insurance giant, may face a big EV conundrum. No, it’s not about electric vehicles, which in any case are now the talk of the town. This is Embedded Value (EV), a financial metric that will play a crucial role in LIC’s …
Zip (ASX:Z1P) stock price stalled after earnings announcement, capital raise and Sezzle acquisition
Image source: Getty Images the Zip Co Ltd (ASX: Z1P) stock price will go nowhere today. This morning, provider Buy Now Pay Later (BNPL) released its half-year results and requested a halt to trading. Zip stock price halted in fundraising Transaction volumes up 92% over the prior corresponding period to reach a record $4.5 billion …
Impact Capitalism: A multi-billion ESG fund aims to revolutionize transport in India
Mumbai: The multi-billion dollar investment fund Causis Impact wants to participate in India’s push towards cleaner last-mile mobility by entering the country’s rapidly transitioning market for public transport electrification. Causis E-Mobility, a company registered in India and backed by the UK fund, plans to set up factories for two-wheelers, three-wheelers and electric buses. The goal …
Pantera Capital Says Investors Have Made $1.4 Trillion in Crypto Capital Gains as Big Risk Sweeps the Market
Hedge Fund Pantera Capital Reveals Companies Earned $1.4 Trillion From Cryptocurrency Earnings. Companies are now selling cryptocurrency capital gains to cover their taxes. A big risk swept the crypto market in response to the Russian military attack on Ukraine. Hedge fund Pantera Capital revealed that $1.4 trillion in capital gains on cryptocurrencies were made in …
Credit Clear wins new chairman and completes final round of fundraising for ARMA acquisition
Hugh Robertson has joined Credit Clear as non-executive chairman, while former chairman Gerd Schenkel will remain as non-executive director. Digital debt management company Credit Clear (ASX:CCR) has appointed a new chairman after completing the final stage of a $29.5 million fundraising round to fund its previously announced acquisition of the collections entity of Australasian receivables …
A “tragedy of capitalism”? BLM faces growing questions over millions of donations – JONATHAN TURLEY
Below is my USA Today column on the Black Lives Matters financial and tax status investigations. As these investigations grow, co-founder Patrisse Cullors is expected to come out in favor of defunding school policing in Los Angeles. Many, however, are still seeking answers about Cullors’ time at BLM and what happened to millions of corporate …
Peel Mining launches $23 million fundraising to advance South Cobar copper project
Following the first tranche of the placement, Peel Mining will appoint Mark Okeby as President and Jim Simpson as Managing Director and Managing Director. Perth-based explorer Peel Mining (ASX:PEX) has received binding commitments for a $23 million fundraise to advance the growth of its South Cobar copper project in western New Wales du South. The …
Newshub-Reid Research poll finds majority of Kiwis support government review of capital gains tax
Mom Florence Curr is looking for a house, but it’s difficult. “House prices are going up, interest is going up, everything is very expensive,” she says. That’s record inflation of 5.9% for you. To get it under control, and to no one’s surprise, Reserve Bank Governor Adrian Orr announced on Wednesday that the OCR would …
Ardea Resources Limited – Successful A$21.5m Capital Raising
Ardea Resources Limited (Ardea or the Company) announces that it has received firm commitments for a placement of shares with professional and informed investor clients from Petra Capital Pty Limited (Petra) to raise about AU$21.5 million before costs (Investment). Funds raised from the placement will be used primarily for nickel sulphide drilling, regional exploration, feasibility …
10 listed companies add N6trn to capital market capitalization
As many as 10 companies listed on the trading floor of the Nigerian Exchange (NGX) Limited between 2018 and 2022, pushing up the market capitalization by 6.08 trillion naira. To this end, the 10 listed companies have further boosted liquidity in the Nigerian capital market and provide opportunities for wealth creation. In addition, listings have …
Welfare government cannot promote capitalism by creating inequality: Varun Gandhi targets Modi government
BJP MP Varun Gandhi on Tuesday trained guns on the Narendra Modi regime for attempts to privatize banks and railways that could result in the loss of thousands of jobs, saying a government for good -being public can never promote capitalism by creating inequalities. His attack on the ‘public welfare government’ came days after the …
Capital gains tax repeal is a long shot – Slog
Washington’s capital gains tax would only hit people who have made millions by investing their money in Wall Street, venture capitalists and hedge funds. Bo Zaunders/Getty Images People who plan to repeal Washington state’s new capital gains tax with a statewide ballot initiative are showing a boldness the size of Bezos balls. Sponsored According to …
FM Sitharaman interacts with financial and capital market leaders
Mumbai: Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman interacted with financial and capital market leaders in Mumbai today. She asked industry leaders to explore ways to further strengthen the sector. In her opening remarks, the Minister of Finance expressed her satisfaction with the resilience displayed by the financial markets even in times …
CTOS Digital shareholders approve purchase of RM205.8m stake in JurisTech and RM270m equity placement
KUALA LUMPUR (February 21): Shareholders of CTOS Digital Bhd on Monday (February 21st) approved its RM205.8 million acquisition of a 49% stake in Juris Technologies Sdn Bhd (JurisTech) as well as raising RM270 million RM via a placement of 166.7 million new shares to finance future acquisitions, during its extraordinary general meeting (AGE). On February …
How to make capitalism work for everyone
To celebrate Black History Month, CNBC Invest in You features weekly stories from CNBC contributors, including the lessons they learned growing up, their advice for young black people, their sources of inspiration, and how they’re working to close the racial wealth gap. Ivory Johnson, the founder of Delancey Wealth Management and a member of the …
Global Capital Markets Lawyers and Law Firms Benchmarking Report 2021
DUBLIN, February 18, 2022–(BUSINESS WIRE)–The “Capital Market Equity Lawyers and Law Firms Comparative Analysis” report has been added to from ResearchAndMarkets.com offer. This report provides a comparative analysis of the most active lawyers and law firms in equity capital markets activities, highlighting business relationships with key clients and providing a history of recent engagements. Benchmarking …
Porsche Capital Market reports standalone net profit of Rs 0.01 crore in December 2021 quarter
Sales increase by 16.67% to Rs 0.07 crore Porsche Capital Market’s net profit reported at Rs 0.01 crore in the quarter ended December 2021. There was no net profit/loss reported during the previous quarter ended December 2020. Sales increased increased by 16.67% to Rs 0.07 crore in the quarter ended December 2021 from …
How does an installment loan process work at Heart Paydays?
An installment loan allows the borrower to withdraw a certain amount of money over time. The loan is then repaid in installments. Typically, installment loans come with fixed payment amounts – they don’t vary throughout the loan. However, loan interest rates may vary depending on the lender and the terms of the loan. Examples of …
NZX Seeks $44M Fundraise, Stocks Halt
NZX Limited (NZX : NZX) shares went into trading suspension today, due to an announcement regarding its capital increase. Source: © Josepalbert13 | Megapixl.com Today in its FY 2021 results, the company revealed that it has raised nearly NZ$44 million to support its growth strategies for stronger, integrated and robust capital markets infrastructure and services. …
Save on Capital Gains Taxes with a 1031 Exchange
1031 Exchanges must be of the same nature Article 1031 of the Internal Tax Code clarifies that no gain or loss should be recognized on the exchange of one investment property for another, as long as they are of the same nature. This doesn’t mean you have to trade your building for another – it …
Why Africa must develop its own financing structures
African Energy Chamber 02/15/2022 Africa’s vast oil and natural gas resources represent a critical solution to the continent’s energy crisis and its unprecedented degree of energy poverty. With more than 600 million people living without access to reliable electricity and as global pressure increases to switch to cleaner energy sources, fossil fuel funding …
Taking charge of raising capital: why Africa needs to develop its own financing structures
Africa’s vast oil and natural gas resources represent a critical solution to the continent’s energy crisis and its unprecedented degree of energy poverty. With a population of more than 600 million without access to reliable electricity, and as global pressure increases to switch to cleaner energy sources, fossil fuel funding restrictions are hampering the development …
Keep capital gains tax to spur buy-to-let: CFO
Last year the government suspended plans to reform capital gains tax, but industry experts warn the threat of a future rise could impact the private rental sector. In December last year, the Treasury ignored previous suggestions from the Tax Simplification Office (OTS) to reduce capital gains tax rates to the same level as income tax, …
Stonewood Homes and Key Family join forces to raise $100 million in capital
Tuesday, February 15, 2022, 10:22 a.m.Press Release: Stonewood Homes Family-owned property development company, MTK Capital, led by former Prime Minister Sir John Key and his son Max, has partnered with Stonewood Group to form Stonewood Key Capital. The joint venture is focused on raising capital from wholesale investors, with the goal of reaching $100 million …
Legal ball now in ASIC’s court on ANZ capital raising
This criminal case was filed in June 2018 with the accused defending the case. Then, in September 2018, ASIC sued ANZ in Federal Court alleging failure to meet continuous disclosure requirements under the Companies Act. ASIC alleged that ANZ should have informed the market when raising $2.3 billion of a shortfall in share subscription of …
Capital gains tax reduction: how to reduce your liability to CGT | Personal finance | Finance
It generally applies to stocks, investment funds, secondary properties, inherited properties, the sale of a business or valuables, including works of art, jewelry and antiques. worth £6,000 or more. Failure to report capital gains tax on assets may result in a fine. Individuals have 60 days from the date of transfer to declare a disposal …
How to Calculate Capital Gains Tax on Rental Property
You didn’t quote the pension figure for 2017, but inflation has risen by 9.575 pc since then, so we can estimate that your pension was then ($1,300 x [100 – 9.575] =) $1175.50 per fortnight. (Hope you weren’t too careless rounding your pension up or down.) This means the special value is ($1175.50/14 x 365 …
“Capitalism only works for the few, not the many – and its ugly side will flourish” – Jason Beattie
Latest figures on profits made by an oil giant last year, contrasted with poverty statistics, show the rich have never been so prosperous while the poorest are turning to food banks in record numbers One million adults in the UK have gone a whole day in the past month without eating because they couldn’t afford …
Guinness leads winners in Nigerian capital market as investors pocket £69.57bn
There was a massive gain on Thursday February 10 in the Nigerian capital Marlet while investors pocket ₦69.57 billion. Naija News understands yesterday’s investment was up 0.27 percent in stock capitalization at the day’s close of business. Equity capitalization increased by 69.5 trillion naira from 21.41 trillion naira recorded the day before yesterday to 25.48 …
Lagos plans to raise capital through the stock market
By Chinwendu Obienyi the Lagos State Governor Babajide Sanwo-Olu said Lagos State is considering exploring raising capital through Nigerian Exchange Limited (NGX) to fund infrastructure projects through equity , green, sukuk and blue bonds. Sanwo-Olu made this known during a courtesy visit by NGX’s board and management led by Chief Executive Officer Temi Popoola to …
Explained: Increased Capital Gains Tax Recoveries
In an almost Multiplication by 10 of tax collections on the stock markets, the government expects to collect Rs 60,000-80,000 crore in this fiscal year as capital gains tax on stock markets, up from Rs 6,000-8,000 crore in the fiscal year. previous. Revenue Secretary Tarun Bajaj said the government estimated a “good amount” of capital …
U.S. consumers set to save billions with bank overdraft reforms
In one of the first efforts to assess the impact of recent overdraft fee reforms, new analysis finds changes underway at just five banks could save consumers more than $2 billion a year. The Pew Charitable Trusts reviewed announcements from Bank of America, Wells Fargo, US Bancorp, Truist Financial and Regions Financial last month to …
Today in Capital Matters: Stakeholder Capitalism and ESG
Wayne Winegarden argues that the principles of stakeholder capitalism and ESG actually undermine good corporate governance: A system that picks winners and losers based on political preferences rather than who best serves consumers is not capitalism, it is crony capitalism. Crony capitalism is an unjust and unsustainable economic system that inevitably hurts families – especially …
Simpler structure: capital gains taxes could be revised
The current regime is “complicated,” says earnings privacy, hinting at changes. The government is ready to simplify the capital gains tax regime at the next opportunity, a senior official said on Wednesday, leading analysts to expect a reduction in the tax impact on gains resulting from the sale of unlisted stocks, real estate investment units …
Capital gains tax regime needs change: Revenue Secretary Tarun Bajaj
Revenue Secretary Tarun Bajaj said on Wednesday that the current capital gains tax regime needed a fresh look and that the different rates and holding periods also needed to be streamlined. Speaking at an event organized by industry body Confederation of Indian Industry, Bajaj also said that if the Center had not …
Real estate technology group PointData in an $11 million fundraising
He said the group is aiming to raise $11 million by June and is going to high net worth individuals and family offices first as it embarks on fundraising. It has raised $5.8 million in seed and Series A funding over the past four years. PointData uses proprietary technology that applies AI and machine learning …
Capital market without youth doomed participation—SEC
By Aduragbemi Omiyale The Securities and Exchange Commission (SEC) is working with other agencies to cleanse the Nigerian capital market of Ponzi schemes. SEC Managing Director Mr. Lamido Yugudu has expressed his displeasure with the proliferation of illegal fund managers in Nigeria’s investment climate. He lamented that the promoters of these schemes continue to defraud …
2021 Finance Law – Impact on the capital market and the real estate sectors – Finance and Banking
Nigeria: Finance Law 2021 – How the capital market and real estate sectors are impacted February 08, 2022 Udo Udoma & Belo Osagie To print this article, all you need to do is be registered or log in to Mondaq.com. INTRODUCTION The Finance Act 2021 (the “FA 2021”) introduced changes that could …
Why Crony’s capitalism worked for South Korea, not Nigeria – Moghalu
A former CBN Deputy Governor, Professor Kingsley Moghalu has blamed the crony capitalist system in Nigeria as the root of the country’s high rate of poverty. Moghalu underscored this during his keynote speech at the annual conference and international leadership symposium of the Center for Values in Leadership (CVL) program on Monday, held at the …
What are the new capital gains rates for 2022?
Large capital gains are good news for your investment account balances, but bad news when … [+] it’s about your taxes each year. Getty Although the stock market had a tough January, if you’ve been investing for a while, you’ve probably racked up capital gains over the past few years. Many projections for the rest …
Democratic capitalism at the crossroads
The 20th century witnessed the triumph of democratic capitalism in the industrialized West, with the emergence of widespread support for free markets and representative elections. Yet over the past two decades, this political consensus has been disrupted by growing inequality, dissatisfaction with democratic institutions and the rise of populism. Charles Boix examines how these developments …
Ultra-competitive market offers opportunities for borrowers raising capital – Carrasco
Over the last month or so, and certainly since the Bank of England’s decision to raise the Bank Base Rate (BBR) to 0.5%, there seems to be a feeling that 2022 will be the year of the slow rate hike. Even though the pricing of products – with the exception of BBR trackers …
Capital Gains Tax: You Could Lower Your Bill By Acting Now – How To | Personal finance | Finance
It generally applies to stocks, investment funds, second properties, inherited properties, the sale of a business, or valuables including works of art, jewelry and antiques. worth £6,000 or more. It is possible to limit the liability to tax on capital gains by making the most of the losses to reduce the gain. Indeed, all gains …
Pounds To Naira Official Exchange Rate / Black Market Rate Today February 4, 2022
This is the news on the exchange rate between the British pound and the naira at the official and black market exchange rate today February 4, 2022. Read Naija News update on official book rates as well as Black market rates, Bureau de change (BDC) rate and CBN rate. How much costs Pounds To Naira …
Capital gains tax warning from CFO celebrating…
A finance chief warns that the threat of possible capital gains tax hikes should be brushed aside by the government to help the buy-to-let sector. Jonathan Samuels, managing director of Octane Capital, said: “The government has done its best to curb investment in the private rental sector in recent years, with a series of legislative …
CredShare announces a successful fundraising and a new generation of RegTech
Australian start-up CredShare has announced that it has raised approximately another $2.7 million while unveiling the next evolution of its credential platform. The funding round features a roster of high net worth investors, including Touch Ventures and Ellerston Capital. The fundraising capitalizes the start-up at $14 million. The funding comes as CredShare is set to …
HSF advises Instant on its A$2.2m pre-seed fundraising led by Blackbird Ventures
The round was led by Blackbird Ventures with participation from Larry Diamond, TEN13, Reinventure, Tinder founder Justin Mateen, scout fund Accel Ventures and others. Instant is an Australian tech start-up that seeks to create the world’s easiest online payment experience. Instant’s vision is to become the central checkout for all customers so that when they …
Bill to simplify the taxation of individual investors in the capital market passed by the Senate – The Diplomat Bucharest
The Romanian Senate adopted today, February 2, the legislative proposal aimed at simplifying the taxation of investors in the capital market. Of the 120 senators present, 118 voted for, one abstention and one vote against. The legislative proposal will go to the Chamber of Deputies, the decision-making body. “We welcome the decision of the Romanian …
VICI Properties stock: Capital gains to boost its dividend yield by 5% (NYSE: VICI)
RandyAndy101/iStock Editorial via Getty Images Investment thesis Uncovering consumer trends is essential to successful entrepreneurship. This exact trait enabled a group of individuals to identify and capitalize on the human need for entertainment and gambling, which led to the creation of Las Vegas. Gambling has been around since the earliest times, offering a unique historical …
See: Welcome to Modi’s State Capitalism 2.0
In a statement that would appeal to many of his contemporaries at his alma mater, Jawaharlal Nehru University, Nirmala Sitharaman told parliament that his fiscal strategy was based on the principle that “public investment would attract private investment” and that “[p]public investment should continue to lead private investment and demand at the pump in 2022-23. …
Capital Market Can Solve Forex Scarcity Crisis and Create Wealth—Popoola
By Adedapo Adesanya The federal government has called on French investors to take advantage of the country’s many resources and potential and invest in Nigeria. This appeal was made by the Minister of Labor and Employment, Mr. Chris Ngige, while receiving the Ambassador of France to Nigeria, Mrs. Emmanuelle Blatmann, and other senior officials of …
MC MINING LIMITED – US$5.6 million capital raised – SENS
Capital Raising US$5.6 million MC Mining LimitedPreviously Coal of Africa Limited(Incorporated and registered in Australia)Registration number ABN 008 905 388ISIN AU000000MCM9JSE share code: MCZASX/AIM code: MCM 1 February 2022 Capital Raising US$5.6 million MC Mining Limited (MCM or the Company) is pleased to announce it has entered into astaged ZAR86,036,691 (86 million South African Rand) …
Union Budget 2022-23: Indian Budget News Today | Income tax, railway budget, crypto taxation
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