ASSET DEFINITION
Modi government strangulating, emasculating ISRO, says Congress General Secretary Jairam Ramesh
The Congress party criticises the Modi government's aggressive privatisation agenda for India's space program. They question the rationale behind weakening ISRO's capabilities and transferring its assets. Reports indicate ISRO's role in rocket development will be severely limited by this new policy. The party also notes that key ISRO professionals have recently resigned from their positions. Concerns are raised about the future of ISRO's historic spaceports under this privatisation drive.
US billionaires are piling millions into Argentina's Shale boom, here’s what is driving it
American billionaires are increasing investments in Argentina's Vaca Muerta shale basin. Harold Hamm's Continental Resources plans a $4 billion joint venture with Mercuria Energy Group. Peter Thiel's hedge fund acquired a significant stake in Vista Energy, a leading producer. These investments follow President Javier Milei's economic reforms and deregulation. Vaca Muerta's production and resource estimates have seen substantial growth.
40% of India office occupiers concerned over availability of quality space through 2028: CBRE
A significant 40% of Indian office tenants express concerns about securing quality office space by 2028. As companies prioritize improved employee experiences alongside growth, established business districts continue to be their top choice for future office needs. Leasing trends indicate a strong demand for investment-grade assets in major micro-markets, prompting occupiers to plan their office relocations and expansions well ahead of time due to limited availability.
Pentagon weighs scaling back US military presence across Persian Gulf: Report
The Pentagon is assessing options to reduce its military presence in the Persian Gulf. Extensive damage from the Iran conflict has prompted this re-evaluation of regional security. Officials are considering repositioning forces further west to minimize exposure to strikes. This potential drawdown carries significant implications for Gulf partners who rely on US security. The war's cost and infrastructure damage present a choice about future base restoration.
August 28 Lunar Eclipse 2026: These 4 Zodiac Signs Could See a Major Financial Turning Point
The upcoming Lunar Eclipse on August 28, 2026, heralds a pivotal moment for financial reassessment. This cosmic phenomenon offers Taurus, Leo, Scorpio, and Aquarius a chance to rethink their monetary strategies. As the eclipse unfolds, it encourages a fresh look at expenses and the embrace of new possibilities. It symbolizes an opportunity to cultivate healthier financial landscapes.
Natalie Harp net worth: How much does Trump’s ‘biggest fan’ with an ‘unhealthy obsession’ with the 80-year-old president earn as White House aide?
Natalie Harp, a close aide to Donald Trump, faces political scrutiny over her role. Senator Jon Ossoff highlighted her proximity and duties during a recent rally. Harp reportedly curates information reaching the president and accompanies him on trips. Her salary is $150,000 annually, with limited public financial details available. Her estranged brother described her admiration for Trump as an obsession.
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Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026
Good news: Save huge tax penalty as CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026. Know how much tax you need to pay.
Study says you can earn over $200,000 and still be middle class in these 5 US states
Middle-class income classifications differ widely throughout the United States, with Massachusetts leading the charge for the upper echelon of income. In stark contrast, Mississippi represents the lower end of the income spectrum. Notably, San Jose, California, establishes a notable high for urban middle-class earnings, underscoring the essential role of geography in defining financial standing.
Succession Planning: 8 key tax considerations you should take into account
Succession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's representative. Income arising after death is taxable to the executor or administrator. Individual and HUF property tax treatments differ significantly based on acquisition. Proper record-keeping is essential for calculating capital gains and tax liabilities.
Today's battle airspace defined by information superiority, split-second decision making: DCAS Air Marshal Tejpal Singh
In today's advanced warfare, winning hinges on information mastery and swift decision-making. To achieve success in multi-domain operations, shortening the OODA loop is vital. Essential components such as surveillance, C4I2, and electro-optics must work together seamlessly to bolster operational superiority. Moreover, robust interoperability and cybersecurity are key for stable network-centric engagements, necessitating close collaboration among military, industry, and academic sectors for future combat effectiveness.
NRI bought life insurance policy in Dubai from a foreign insurer, got maturity proceeds after returning to India, his claim for tax exemption was denied; he won the case in ITAT for this reason
An Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life insurance policy. The ITAT ruled that foreign insurer policies are not automatically subject to the Black Money Act, especially when premiums originate from non-taxable foreign earnings. This landmark decision offers clarity for NRIs and returning NRIs.
NBFCs seek RBI rethink on revolving credit curb
Senior representatives of some of the country's largest NBFCs met on August 14 to discuss the issues they intend to raise with the RBI. The lenders will make a formal representation through the Finance Industry Development Council, the industry body representing NBFCs, this week, according to the people.
NFO Insight: ITI Multi Asset Allocation Fund opens for subscription. Should investors buy amid 22% drop in category inflows?
The ITI Multi Asset Allocation Fund has launched its subscription phase, presenting an option for diversified investments. However, this fund arrives in a sector that’s currently facing diminished investor enthusiasm. Financial analysts urge potential investors to approach new fund offers with caution unless exceptional opportunities arise. Multi-asset funds are designed to spread risk and yield across different asset classes, prompting investors to assess their portfolios thoroughly before making additions.
Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to know
A new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme closes on December 31, 2026, for eligible individuals. Taxpayers can declare undisclosed foreign assets or income up to one crore rupees. Certain foreign assets already offered to tax can be declared if their value exceeds five crore rupees. The entire process for this disclosure scheme will be conducted online.
Independence Day 2026: 79 years of an India on the rise as its households dream bigger
Independence Day 2026: Today's Indian consumers are transforming their financial habits, with a declining focus on food expenditure within their budgets. The trend of premiumization is apparent in sectors like automobiles and consumer goods. A noteworthy increase in spending on travel and experiences is also observed. Meanwhile, financial aspirations have transitioned from just securing stability to actively generating wealth through investments, driven by a vibrant middle class across various cities.
Voltas, Atomberg Innovation plan 50:50 venture to manufacture AC compressors
Voltas’ board approved a binding term sheet with Atomberg Innovation Private Limited on Friday, an exchange filing showed. The venture will be owned equally, although Voltas will nominate three directors to its five-member board and Atomberg Innovation two. Voltas owns no stake in Atomberg Innovation.
Singapore-based Hillhouse plans to double India investments with real estate, data centres in focus
Hillhouse Investments plans to significantly increase its India real estate and data center investments. The firm aims to double its current commitments within the next two to three years. India's developing real estate market presents substantial long-term growth opportunities for the company. Hillhouse is building a full-stack platform and a separate co-investment pool for data centers.
Global Market Today: Asian stocks rise as rate hike bets ease, oil dips
Asian equities rallied as easing inflation in the United States reduced fears surrounding interest rate hikes. The MSCI Asia Pacific Index reflected this positive sentiment, following the upward trajectory of US markets. Meanwhile, Brent crude oil prices declined, breaking a recent climbing streak. Market participants are particularly focused on the Japanese yen, which is approaching a crucial level against the dollar, raising expectations for potential government intervention in currency trading.
Bank of America to acquire 49.9% in Jio Credit in potential Rs 18,268 crore deal
Jio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% in Jio Credit. This investment could reach Rs 18,268 crore, approximately $1.9 billion. Bank of America will initially hold a 26.5% stake in the NBFC. The transaction is subject to necessary regulatory and statutory approvals.
Business families turn to 'fluidity' clauses to handle disputes
Indian business families are increasingly adding “fluidity” clauses to family settlement deeds, allowing succession, ownership and management arrangements to be revisited as circumstances change. Advisers say structured flexibility can accommodate generational, business and regulatory changes while reducing future disputes.
ETMarkets Smart Talk | India is ‘pricey’, not expensive: Mark Zuckerberg’s Harvard classmate Vikas Pershad on investing
Pershad, who has been investing in Indian equities for nearly three decades, believes investors need to look beyond short-term market noise and focus on long-term earnings growth, return on equity and structural changes in the economy.
REIT, InvIT investors can benefit if trust switches income tax regime: Know how maximum effective tax rate of 34.94% under old tax regime comes down to 28.60% under new tax regime
Effective tax rate of 34.94% under old and 28.60% under new tax regime; know how REIT, InvIT unitholders can benefit if trusts' switch tax regime. REIT, InvIT unitholders can gain from new tax regime.
Best large & mid cap funds to invest in August 2026
The fund manager has the option to decide where the money will be invested. If he thinks the large cap space is attractive, he may invest in large cap stocks. If he thinks mid cap and small cap stocks are poised to take off, he may invest in them. As you can see, these investments may increase or decrease the risk in these schemes.
Europe's hot stock markets catch global investors' eye
Europe's stock market is experiencing a robust rally, attracting significant investor interest. Strong earnings growth and improving economic momentum are underpinning this surge, with key indices hitting all-time highs. Money managers are increasingly optimistic, seeing this as a durable shift rather than a fleeting trend, driven by improved fundamentals and a broader market uplift.
India's future nuclear fleet may need 5,400 tonnes uranium annually; domestic supply meets about 30%: Parliamentary panel
India’s nuclear expansion could sharply raise uranium demand, with PHWRs alone expected to require around 5,400 tonnes of uranium oxide annually. A Parliamentary Committee flagged that domestic production currently meets only 30% of this requirement and urged faster mining, strategic stockpiles, overseas sourcing and clearer timelines to secure long-term fuel supplies.
Ahead of Market: 10 things that will decide D-Street action on Monday
Indian benchmark indices closed lower on Friday as closing auction sessions caused divergence between Sensex and Nifty. While Sensex fell 456 points, Nifty dropped 65 points. Market sentiment remained cautious amid Middle East tensions and crude oil volatility, though strong SBI earnings provided underlying banking sector support.
Swiss proverb of the day: ‘Better to sell with regret than to keep with regret’ — Sometimes letting go of something, even reluctantly, is wiser than clinging to it and regretting that instead
Swiss proverb of the day: Walking away from outdated investments or stalled projects may feel uncomfortable, yet doing so can be essential for personal well-being. A Swiss proverb reminds us that accepting a loss can be wiser than continuing to endure greater consequences. This mindset helps overcome the sunk cost fallacy and the fear of losing what has already been invested. By recognising when it is time to move on, you can free up valuable energy for new and potentially rewarding opportunities, while creating greater peace of mind and making more thoughtful decisions.
The anatomy of corporate control
In a major change to India’s corporate governance, the regulatory framework is set to redefine "control" with reference to the business and investment regime. The previous construct of foreign owned and controlled companies is being phased out in favour of defining foreign controlled entities. The approach is set to shift from a one-size-fits-all test to a more context-sensitive evaluation.
CAS chaos continues: Sensex falls 456 points, Nifty trims losses to close at 24,571. What lies ahead?
Indian stock markets closed lower as the new closing auction session impacted benchmark indices. Sensex fell nearly 456 points, while Nifty 50 saw a smaller decline. Bajaj Finance and Bajaj Finserv shares led the losses on the Sensex index. Geopolitical concerns over the Strait of Hormuz caused oil prices to inch higher. These developments are spooking investors and clouding peace agreement hopes.
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