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Understanding the debt on India in 2014 vs 2021 provides valuable insights into how the country’s financial landscape has evolved over the years. This comparison sheds light on the economic impact of debt and how it influences the nation’s growth and stability. What is National Debt? India’s national debt refers to the total amount of … Read more
Lease liabilities interest refers to the cost incurred by a lessee for the use of an asset leased over a specified period. This concept is crucial in financial accounting and reporting, particularly under new lease accounting standards like IFRS 16 and ASC 842. The interest component represents the finance cost associated with the lease liability, … Read more
Jio has increased its recharge prices to improve its earnings from each customer. This move helps Jio cover rising operational costs and invest in expanding its network and services. The price hike also supports the introduction of new technologies like 5G, ensuring Jio can continue offering reliable and fast telecommunications services across India. Reasons Behind … Read more
Taxable income is the portion of your gross income that the IRS deems subject to taxes. This is the income used to calculate your tax liability for the year. Broadly, taxable income is your adjusted gross income (AGI) minus allowable deductions, which can be either itemized or the standard deduction. Taxable income includes wages, salaries, … Read more
Kotak Mahindra Bank became aware of Hindenburg Research’s connection with Kingdon Capital after the short-seller posted SEBI’s show cause notice on its website last Tuesday, according to a statement from the bank’s unit. Kotak Mahindra Bank Ltd has become involved in a controversy with Hindenburg Research and the Adani Group. The US short-seller accused India’s … Read more
In their clarification, Kotak Bank mentioned that Kingdon didn’t tell KMIL about any connection with Hindenburg or share any sensitive price-related information. Kotak Mahindra Bank stated on July 2 that the Securities and Exchange Board of India (SEBI) has issued a show cause notice dated June 26 to Hindenburg Research, Kingdon, associated parties, and K … Read more
Bitcoin went back up to over $63,000 on Monday after dropping below $60,000 last week. The dip happened because people got nervous when the old crypto exchange Mt. Gox said it would return assets to customers after being hacked years ago. There was also a lot of legal news about cryptocurrencies last week. The U.S. … Read more
Cryptocurrency has evolved significantly, transitioning from a speculative asset to a recognized investment class. This transformation has prompted governments worldwide to establish regulatory frameworks to manage its impact on global finance. As of 2024, countries are taking varied approaches to regulate cryptocurrencies, reflecting a complex landscape of legal, tax, and operational considerations. Key Takeaways European … Read more
Bitcoin Halving is a landmark event in the cryptocurrency world, occurring approximately every four years. This event reduces the reward miners receive for adding new blocks to the blockchain by 50%, thereby decreasing the rate at which new bitcoins enter circulation. This reduction in supply is designed to increase scarcity, potentially driving up Bitcoin’s price … Read more
Key Takeaways: The S&P 500 had a strong second quarter powered by big tech stocks, raising some analysts’ concerns. The market-cap-weighted S&P 500 gained 3.9% over the quarter, closing at record highs nine times, while the equal-weight index fell 3.1% from its Q1 peak. AI Drives Tech Gains Artificial intelligence was the key driver behind … Read more
