G20 Summit 2023: A Grand Welcome! World leaders to be greeted by AI-generated avatar at ‘Mother of Democracy’ exhibition
India is all set to welcome the Heads of State and other top leaders at the G20 Summit on September 8-10. According to teh officials, the attendees will be greeted by an artificial intelligence-generated ‘avatar’ at the ‘Mother of Democracy’ exhibition which will be hosted at the Bharat Mandapam to mark the G20 Summit.?
G20 Summit 2023: Delhi Police reverses decision to close specific Metro stations and gates – All you need to know
The Delhi Police has reversed its previous directive, withdrawing the request to close specific metro stations and gates in preparation for the upcoming G20 summit in the city. “The request letter for the closure of gates of 39 Metro Stations which was made vide this office letter…dated 02.09.2023 is hereby withdrawn administrative grounds,” the order said, reported The Indian Express.
Happy Teacher’s Day 2023: 10 financial lessons for early investors
We all know the importance of teachers in shaping our career and life. Teachers play a significant role in shaping the future of students, not just academically but also in imparting valuable life lessons. When it comes to investment, teachers can help the young generation learn about the dangers of investment schemes promising unrealistic returns. They can also teach about patience and discipline which are two important things early investors must know.
Closing Bell: Nifty closes above 19550, Sensex near 66k, gain for 3rd session; Nifty Midcap 100 hits new high
Indian equity indices NSE Nifty 50 and BSE Sensex closed in the green on Tuesday, extending the two-day gaining streak. Nifty 50 ended at 19,574.90, adding 0.24% while Sensex rose 150 points to close at 65,780.26. The broader markets closed largely in the green, with Nifty Midcap adding over 1%, while Nifty Smallcap jumped 0.84%. Sectorally, Bank Nifty and Nifty Auto ended flat, marginally in the red.
French President to attend G20 Summit in Delhi and strengthen ties in Bangladesh
Emmanuel Macron, the President of France, is going to visit Delhi for the G20 Summit on September 9 and 10, hosted by India. Afterward, on September 10, he will head to Bangladesh for a one-on-one visit. The G20 Summit is a chance for Macron to talk with leaders from all over the world about global issues like peace, ending poverty, protecting the environment, ensuring food for all, and managing the digital world.
Strengthening Economic Ties: President Tinubu’s G-20 Visit Bolsters India-Nigeria Bilateral Relations
President Bola Tinubu accompanied by a high level delegation is coming to India to attend the G-20 Leaders’ Summit in New Delhi. The visit aims to leverage investment attraction while emphasizing Nigeria’s commitment to cross-sectoral reforms encapsulated in the Renewed Hope Agenda.
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Pepperfry elevates Ashish Shah to company CEO after untimely demise of Ambareesh Murty
E-commerce furniture and home goods marketplace, Pepperfry on Tuesday announced the elevation of its co-founder, Ashish Shah, to the position of Chief Executive Officer (CEO). Ashish Shah co-founded the company alongside Ambareesh Murty in 2012 and has experience spanning two decades in the Indian e-commerce landscape.
Paytm’s Vijay Shekhar Sharma says he’s looking for chances to raise stake
Billionaire Vijay Shekhar Sharma, the founder and chief executive officer of India’s biggest digital payments company, said he’ll look to raise his stake as Paytm approaches profitability. “There is never a day that I would not buy more equity in Paytm,” Sharma told Bloomberg News in an interview on Monday. “The single largest shareholder of Paytm is now an Indian, that is myself, and I believe this is definitely a key milestone.”
Two-wheelers regain lost ground, auto retail sales improve in August
Automotive retail sales in India maintain growth momentum. The overall wholesales for August came at 18,18,647 units, which was 9 percent higher YoY, but a moderate 2 percent growth over the previous month. In terms of segment-wise performance, two-wheeler sales came at 12,54,444 units, an uptick of 6 percent YoY, and a modest growth of 2 percent over the previous month. Importantly, three-wheeler sales saw record monthly sales at 99,907 units, up 66 percent YoY.
I am paying EMI for a Rs 30 lakh home loan. Will I be liable to pay tax after selling the flat?
Welcome to the Reader’s Query segment of FE Money. Last week, Debopriyo Bhattacharyya asked us whether he would be liable to pay any taxes on the balance amount he may get after selling his flat and closing the home loan. Debopriyo had purchased a flat worth Rs 38 lakh in 2017 for which he had taken a home loan of Rs 30 lakh. He has been regularly paying the monthly EMI since 2017 and also claiming tax deductions applicable on the home loan interest and principal.
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