Private Equity Lashes Out at New Research on Carried Interest
Estimates by researchers at Yale found that closing the carried interest loophole could lead to billions more in tax revenues than previously estimated. Source link
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Rupee hits record low again: Currency crashes 0.9% in a single day to record low of 95.31 vs US dollar
In its sharpest single-day fall in more than a month, the rupee tumbled nearly 0.9 per cent to close at a record low of 95.31 against the US dollar on Monday as surging crude oil prices and escalating US-Iran tensions rattled financial markets, Reuters reported.The currency slide came after US President Donald Trump rejected Iran’s…
Spirit Was the Only Airline in Town. Now What?
Spirit’s presence was a point of pride in Latrobe, Pa., where the security lines were short and airport parking is free. Residents are mourning the loss. Source link
India should resist EU, US pressure on data exclusivity in farm-chemicals: GTRI flags
The European Union and United States are urging India to accept “data exclusivity” provisions in free trade agreements, but a GTRI report has warned otherwise. Think tank Global Trade Research Initiative (GTRI) has cautioned that such commitments could damage its agrochemical industry, increase dependence on imports and raise costs for farmers. Furthermore, it could also…
As Trump Heads to Beijing, China Is ‘Locked and Loaded’ for a Fight
Beijing is signaling that it is ready for a trade showdown, and it is building up a legal arsenal in preparation. Source link
No plan to hike gold and silver import duties, US-India trade talks expected soon: Govt source
Centre has no plans to increase duties on gold and silver imports, according to a government source. This comes amid growing concerns related to import duties in the country after Prime Minister Narendra Modi urged people to avoid non-essential gold purchases over the next one year to protect forex reserves.On the trade front, US officials…
Will a Ban on Bromated Flour Change New York Bagels and Pizza?
Bromated flour, which makes breads and crusts stretchy and springy (and cheap), is among the carcinogens forbidden in pending state legislation. Source link
Ashwini Vaishnaw reiterates PM Modi’s call to cut gold purchases: ‘Do whatever best you can’
Union Minister Ashwini Vaishnaw on Monday reiterated PM Modi’s call to step down spending on imports and help the country save foreign exchange. This comes as the Middle East conflict is showing no signs of cooling down and its impact ripples through global economy.Speaking at the CII Annual Business Summit 2026 in New Delhi, minister…
Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle
Oil prices rose and stock futures ticked down as investors reacted after the two sides failed to agree on a U.S.-Iran peace deal. Source link
Jewellery stocks today: Share prices sink up to 9% after PM Modi calls to cut gold purchases
Jewellery segment shares fell sharply on Monday after Prime Minister Narendra Modi’s call to cut gold purchases. Share prices of Senco Gold and Kalyan Jewellerys tumbled over 8% while Titan was down over 6%.Speaking in a rally earlier on Sunday, PM Modi called citizens to help preserve foreign exchange reserves. His appeal included avoiding unnecessary…