BPO firms Aegis and StarTek on Sunday announced the completion of their merger, with the combined entity having revenue of over $700 million and workforce of 50,000 employees across 13 countries, including India.
Finance ministers and central bankers from the world's largest economies meeting in Argentina said heightened trade and geopolitical tensions pose an increased risk to global growth and have called for greater dialogue, according to a draft communique from the meeting.
ATM service providers are fearing disruptions as they draw up plans to recalibrate the 2.4 lakh cash dispensers in the country to accommodate the new Rs 100 notes that are different in both colour and size from the old ones.
Private power producers have slammed a proposed amendment to the electricity tariff policy as "regressive", saying the re-introduction of a cost-plus regime to calculate the cost of power produced by PSUs such as NTPC shields them from competition and is "anti-consumer".
The GST Council has pruned the 28 per cent slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items, including AC, digital camera, video recorders, dishwashing machine and automobiles, in the highest tax bracket.
Recently, a financial website in the US stoked a debate about ideal savings goals for millennials. How much should the average millennial be able to save, it asked, and offered a solution. It said, a person should be able to save 1x their income by 30, and 2x their income by 35.
• I bought a flat in 1989 for Rs.1.20 lakh. I spent Rs 60,000 and again after a few years spent Rs 1.60 lakh towards renovation of the house. I sold the flat in January 2018 for Rs 25 lakh. In May 2016, I had purchased a new flat for which I had taken a loan Rs 25 lakh (through bank) from one of my relatives. The amount which I received by selling my old flat was paid back to my relative towards repayment of loan. My question is whether there will be any capital gains on the sale proceeds and if I have to pay tax on it?