Showing posts with label Latest news. Show all posts
Showing posts with label Latest news. Show all posts

Sunday, December 29, 2024

Pfizer explores sale of hospital drugs unit

Business & FinanceDealsHealth

Reuters exclusively reported that Pfizer is exploring the sale of its hospital drugs unit, as the drugmaker, which has been under pressure from activist investor Starboard Value, looks to divest non-core assets.

Article Tags

Topics of Interest: Business & FinanceDealsHealth

Type: Reuters Best

Sectors: Business & FinancePharmaceuticals & Healthcare

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

https://aiearth.us/latest-news/pfizer-explores-sale-of-hospital-drugs-unit/

Saturday, December 28, 2024

How Harris and Trump are blurring party lines in the final election stretch

In a surprising turn of events, US presidential candidates Kamala Harris and Donald Trump are blurring party lines as they vie for votes in the final stretch of a highly competitive election.
Harris has been actively courting Republican voters, hosting events focused on issues such as abortion rights, border security, and small business creation, which have featured Republican officials.
The Democratic National Convention even granted speaking slots to seven Republicans last month, and outside groups are spending millions to help Harris connect with disaffected opposing party members.
Simultaneously, Harris has adopted a more assertive foreign policy stance, pledging to include a Republican in her Cabinet if elected and openly discussing her gun ownership.
“If somebody breaks in my house they’re getting shot. Sorry,” Harris told Oprah Winfrey, surprising the television star with her candour. Harris’ strong support for US leadership on the global stage has already earned her the backing of more than 100 Republican national security and foreign policy officials who previously served under various presidents, including Dick Cheney.
Trump, on the other hand, has taken positions that have irked some conservatives. He recently called for a federal cap on credit card interest rates at 10%. He expressed support for a federal law mandating insurance companies to cover in vitro fertilization (IVF), despite opposition from social conservatives who believe embryos used in the process should be protected.
Barbara Comstock, a former Republican congresswoman from Virginia who co-chaired Nikki Haley’s GOP presidential campaign, now supports Harris, citing her call for an expanded child care tax credit, support for a tough bipartisan immigration bill, and a foreign policy stance in contrast to Trump’s admiration for leaders like Vladimir Putin.
Tulsi Gabbard, a former Democratic congresswoman from Hawaii and now a top Trump ally, describes Trump’s policy approach as “common sense,” highlighting his support for criminal justice reform and a foreign policy philosophy that seeks to avoid US involvement in global conflicts like the Russian invasion of Ukraine. Despite the candidates’ embrace of policies that appeal to the other side, their priorities still largely align with their party’s traditions.
Trump opposes abortion rights and plans to vote to uphold a Florida law banning abortions after six weeks, while Harris supports abortion rights as protected under Roe v. Wade, backs a ban on assault weapons, and wants to extend prescription drug cost caps to all Americans.
As the election draws near, both candidates are working to expand their coalitions. Trump’s spokesman, Brian Hughes, argues that the GOP nominee has appeal among African Americans, Hispanics, and labour union members, citing the Teamsters Union’s decision not to endorse either candidate as a significant win for Trump.
Meanwhile, Harris, who has only been in the presidential race for eight weeks, is beginning to articulate specific policy plans that favour liberal policies in most cases, such as combating climate change, supporting labour unions, and pushing for voting rights legislation to combat racial discrimination.
With agency inputs from AP


https://aiearth.us/world-news/how-harris-and-trump-are-blurring-party-lines-in-the-final-election-stretch-3/

Mutual fund: How was 2024 for midcap funds, how much did smallcap funds create, who will be the best in 2025? - mutual fund how was 2024 for midcap funds how much success did smallcap funds create who will be the best mid or small in 2025


Mutual fund investment : The year 2024 is about to end. In such a situation, we are talking about which are the 5 MFs which gave the highest returns in the small and mid cap fund category last year. What can be the top 5 funds for new investors in small and mid category for 2025? Which small and mid cap funds should one invest in? What are the things to keep in mind while investing in small and mid cap mutual funds and what are the investment risks in small-mid cap mutual funds?

Let’s take a look at small caps. Bandhan Small Cap Fund has given 46.5 percent return in 1 year. Its AUM is Rs 9248 crore. Invesco India Small Cap has given 39.5 percent returns in 1 year. Its AUM is Rs 5842 crore. Tata Small Cap Fund has given 33.9 percent returns in 1 year. Its AUM is Rs 9572 crore. Bank of India Small Cap has given 33.3 percent return in 1 year. Its AUM is Rs 1613 crore. Whereas, HSBC Small Cap Fund has given 33.1 percent return in 1 year. Its AUM is Rs 17237 crore.

2025 smallcap outlook

The outlook for Bandhan Small Cap, Invesco India Small Cap, SBI Small Cap Fund, Nippon India Small Cap and Kotak Small Cap Fund looks good for 2025. These are suitable for long term and risk appetite investors.

Be careful before investing

Before investing in any fund, keep in mind the AUM size of the fund, number of stocks in the portfolio, fund manager details, expense ratio, fund performance and turnover ratio. Talking about risk, mutual fund investment is prone to volatility, performance fluctuation and longer recovery period.

Gold price: Gold gave 27% return in 2024, left S&P 500 and Nifty 50 behind, new high expected ahead.

Midcap fund, where and how much return?

Talking about midcap funds, Motilal Oswal Mid Cap has given 56 percent return in 1 year. Its AUM is Rs 22898 crore. Invesco India Mid Cap has given 47.1 percent returns in 1 year. Its AUM is Rs 5863 crore. HSBC Mid Cap Fund has given 43.5 percent return in 1 year. Its AUM is Rs 11912 crore. Edelweiss Mid Cap has given 42.2 percent return in 1 year. Its AUM is Rs 8280 crore. Whereas, JM Mid Cap has given 36.7 percent return in 1 year. Its AUM is Rs 1696 crore.

2025 midcap outlook

The outlook for 2025 for Motilal Oswal Mid Cap, Invesco India Mid Cap, HSBC Mid Cap Fund, Edelweiss Mid Cap Fund and Mahindra Manulife Mid Cap looks good. These are suitable for long term and risk appetite investors.

Be careful before investing

Before investing in any of these funds, keep in mind the AUM size of the fund, number of stocks in the portfolio, fund manager details, expense ratio, fund performance and turnover ratio. Talking about risk, mutual fund investment is prone to volatility, performance fluctuation and longer recovery period.

https://aiearth.us/mutual-funds/mutual-fund-how-was-2024-for-midcap-funds-how-much-did-smallcap-funds-create-who-will-be-the-best-in-2025-mutual-fund-how-was-2024-for-midcap-funds-how-much-success-did-smallcap-funds-create-who-10/

How Harris and Trump are blurring party lines in the final election stretch

In a surprising turn of events, US presidential candidates Kamala Harris and Donald Trump are blurring party lines as they vie for votes in the final stretch of a highly competitive election.
Harris has been actively courting Republican voters, hosting events focused on issues such as abortion rights, border security, and small business creation, which have featured Republican officials.
The Democratic National Convention even granted speaking slots to seven Republicans last month, and outside groups are spending millions to help Harris connect with disaffected opposing party members.
Simultaneously, Harris has adopted a more assertive foreign policy stance, pledging to include a Republican in her Cabinet if elected and openly discussing her gun ownership.
“If somebody breaks in my house they’re getting shot. Sorry,” Harris told Oprah Winfrey, surprising the television star with her candour. Harris’ strong support for US leadership on the global stage has already earned her the backing of more than 100 Republican national security and foreign policy officials who previously served under various presidents, including Dick Cheney.
Trump, on the other hand, has taken positions that have irked some conservatives. He recently called for a federal cap on credit card interest rates at 10%. He expressed support for a federal law mandating insurance companies to cover in vitro fertilization (IVF), despite opposition from social conservatives who believe embryos used in the process should be protected.
Barbara Comstock, a former Republican congresswoman from Virginia who co-chaired Nikki Haley’s GOP presidential campaign, now supports Harris, citing her call for an expanded child care tax credit, support for a tough bipartisan immigration bill, and a foreign policy stance in contrast to Trump’s admiration for leaders like Vladimir Putin.
Tulsi Gabbard, a former Democratic congresswoman from Hawaii and now a top Trump ally, describes Trump’s policy approach as “common sense,” highlighting his support for criminal justice reform and a foreign policy philosophy that seeks to avoid US involvement in global conflicts like the Russian invasion of Ukraine. Despite the candidates’ embrace of policies that appeal to the other side, their priorities still largely align with their party’s traditions.
Trump opposes abortion rights and plans to vote to uphold a Florida law banning abortions after six weeks, while Harris supports abortion rights as protected under Roe v. Wade, backs a ban on assault weapons, and wants to extend prescription drug cost caps to all Americans.
As the election draws near, both candidates are working to expand their coalitions. Trump’s spokesman, Brian Hughes, argues that the GOP nominee has appeal among African Americans, Hispanics, and labour union members, citing the Teamsters Union’s decision not to endorse either candidate as a significant win for Trump.
Meanwhile, Harris, who has only been in the presidential race for eight weeks, is beginning to articulate specific policy plans that favour liberal policies in most cases, such as combating climate change, supporting labour unions, and pushing for voting rights legislation to combat racial discrimination.
With agency inputs from AP


https://aiearth.us/world-news/how-harris-and-trump-are-blurring-party-lines-in-the-final-election-stretch-2/

Budget 2024: Due to end of indexation benefit, the burden on the middle class has increased so much, there is a possibility of recession in the real estate sector! - middle class homeowners to be hit hardest as fm nirmala sitharaman in budget 2024 revokes indexation benefits in property deals


Budget 2024 Announcement: Finance Minister Nirmala Sitharaman presented the first budget of the third term of the Modi government and in the very first budget gave a big blow to the middle class. Those middle class people who have their own house and property and decide to sell it, their benefits are severely affected. According to the announcement by the Finance Minister, the benefits of indexation will not be available on real estate transactions in which the purchase price is adjusted for inflation. If they do not get these benefits, they may have to pay more tax on property sale. Due to this decision of the Finance Minister, Nifty Realty Index fell by more than 2 percent.

Understand with an example, how big is the shock.

Let us assume that you bought a property in 2004-05 for Rs 50 lakh. Now its value has increased to Rs 2 crore in 2024-25. According to the earlier rule, if you sell this property, you would get indexation benefit in tax calculation. How much benefit would I get? In 2004-05, the cost inflation index was 113 and in 2024-25 it is 363, that is, after adjusting for inflation, the purchase value of this property i.e. indexed cost of acquisition came to around Rs 1.60 crore. Now the difference between the purchase price and the sale price i.e. Rs 2 crore i.e. around Rs 40 lakh will be considered as capital gain and tax will be calculated on it. However, now when indexation benefit will not be available, tax liability will be incurred on the difference between purchase price i.e. Rs 50 lakh and sale price i.e. Rs 2 crore, i.e. profit of Rs 1.5 crore. In this way, we can understand how big a blow the middle class has received due to the decision of the Finance Minister. The government releases the Cost Inflation Index from time to time.

tax rate reduction solution

The Finance Minister has withdrawn the indexation benefit but has also imposed a reduction in the tax rate on long term capital gains on sale of property. According to the announcement of the Finance Minister, now tax on the sale of property will have to be paid at the rate of 12.5 percent instead of 20 percent but without indexation benefit. However, there was a possibility of zero tax liability through indexation benefit.

Will people of small towns feel more shocked?

Experts believe that this decision of the Finance Minister has dealt a big blow to the middle class but the people of small towns will feel it more. Samantak Das, Chief Economist and Research Head, JLL India, believes that the new system will be beneficial if the property is sold at such a high price that it is more than the price calculated through the Cost Inflation Index (CII). However, experts also believe that in most of the cases, property prices in small cities do not increase so fast.

Will real estate take a hit?

According to Abhilash Pillai, partner of Cyril Amarchand Mangaldas, this decision has also dealt a blow to the real estate sector. According to Abhilash, real estate has been the favorite investment option for the people of the nineties and the first decade of the 21st century. People also knew that due to indexation benefit they would not have to pay tax on the entire profit. However, if indexation benefit is not available now, the middle class will not find this option attractive as an investment, which means there is a possibility of recession in the real estate sector.

Whether you are selling shares or property, know how much tax will have to be paid on your profits? Rules changed in the budget

How much of a shock will the increase in tax on profits from shares cause to the market? This is the trend of experts

9 Priorities in Budget announced: 9 priorities announced for ‘Developed India’, Finance Minister made this announcement for agriculture at number one

https://aiearth.us/property/budget-2024-due-to-end-of-indexation-benefit-the-burden-on-the-middle-class-has-increased-so-much-there-is-a-possibility-of-recession-in-the-real-estate-sector-middle-class-homeowners-to-be-hit-29/

Big news: Government will make income tax act simpler than before, new version will come in 6 months - governments will make income tax act simpler in next 6 months it will be a new version cbdt chairman ravi agarwal


The government is preparing to make the Income Tax Act simpler than before. For this, a new version can be introduced in the next 6 months. Central Board of Direct Taxes (CBDT) Chairman Ravi Aggarwal gave this information in an exclusive conversation with Moneycontrol on Thursday, July 25. He said, “In the next six months, the Income Tax Act will be further simplified and this will be its new version.” After this, all the processes related to income tax including filing ITR will become easier than before.

Ravi Aggarwal said that out of the total Income Tax Returns (ITR) filed so far in the current financial year, more than 66 percent of the taxpayers have chosen the new tax regime. A total of four crore returns have been filed so far. He said the government’s focus is on ‘simplification’ of all processes including filing of ITR. “The government believes that the more you simplify, the easier it will be for people to follow the rules, which will lead to growth,” Aggarwal said.

CBDT Chairman said that there is enough attraction among the people regarding the new tax regime. About 66% of ITRs filed till date are under the new regime. It is expected that in future we will get more benefits under the new tax regime.

Aggarwal said he expects litigation to reduce as rules are simplified. He also said that after the search, the assessment will be completed within the next 12 months. He admitted that a large number of cases are stuck in appeals and litigation.

On the question of removal of indexation benefit from sale of property, Ravi Aggarwal said that indexation on LTCG in the real estate sector used to cover inflation only marginally. He said, “The analysis shows that LTCG at 12.5 per cent could be more beneficial for investors. Property prices have increased five times in the last 10 years.”

Central Board of Excise and Customs (CBIC) Chairman, Sanjay Aggarwal was also present in this conversation with Ravi. Sanjay said that steps have been taken in the budget to promote manufacturing. Basic customs duty on exporting industries related to marine production has been reduced.

Also read- Supreme Court allows states to collect royalty on minerals, decision shocks mining companies and Center

https://aiearth.us/tax/big-news-government-will-make-income-tax-act-simpler-than-before-new-version-will-come-in-6-months-governments-will-make-income-tax-act-simpler-in-next-6-months-it-will-be-a-new-version-cbdt-chair-30/