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Financial Affairs


In a great relief for NBFCs (non-bank finance companies) and HFCs (housing finance companies), the Income Tax Department has provided clarification on which transactions will fall under section 269ST in the event of a loan repayment. made in cash. Section 269ST was inserted into the Income Tax Act 1961 in the last budget. The purpose …

© Jasen Vinlove-USA TODAY Sports Monte Harrison has changed agents. Marlins outfielder Monte Harrison changed agencies and hired the MVP Sports Group as their representative, MLB.com’s Mark Feinsand reports. MLBTR has noted it in our agency database. Harrison, who turned 25 in August, turned a pro when the Brewers selected him in the second round …

Israel on Wednesday announced an El Al Israel Airlines bailout that will see the government purchasing $ 210 million in advance tickets for security personnel. According to the Reuters news agency, the tickets are intended for airline security personnel stationed at airports served by El Al and its low-cost subsidiary Sun d’Or for the next …

Trends in the residential mortgage market seem worrying. The rise in interest rates is fueling fears of a slowdown in lending activity, affecting refinancing activities particularly hard. Rocket companies (ticker: RKT), a residential lender, has become a battleground between mortgage bulls and bearers. Another facet of the mortgage market, commercial loans for the acquisition and …

(Reuters) – Victoria’s Secret owner L Brands Inc said Thursday Chairman Emeritus and former CEO Leslie Wexner would not be running for the board of directors at its shareholders meeting in May. Wexner, 83, who bought Victoria’s Secret in 1982 and shaped her image by hiring models to wear jewelry-encrusted bras and wings on her …

A luxury restaurant chain co-founded by actor Robert De Niro has received up to $ 27.7 million through 14 Paycheck Protection Program (PPP) taxpayer-backed loans, according to Treasury Department data published Monday. The Nobu group of luxury sushi restaurants and hotels was founded by De Niro, celebrity chef Nobuyuki “Nobu” Matsuhisa and film producer Meir …

NORTH OF TEXAS (CBSDFW.COM) –A Coppell man has been charged with fraud and money laundering after allegedly spending over $ 17 million on Paycheck Protection Program loans for lavish personal expenses. Dinesh Sah, 55, now faces three counts of wire fraud, three counts of bank fraud and one count of money laundering. READ MORE: Families …

MONT-LAUREL, NJ, March 17, 2021 / PRNewswire / – Freedom Mortgage, one of the nation’s largest full-service mortgage companies, was ranked number one among VA and FHA (government insured) lenders in the country, funding more VA and FHA loans in 2020 than any. another lender, according to Inside Mortgage. Financial review. Stanley C. Middleman, Founder …

DUBLIN, 23 october 2020 / PRNewswire / – The report, “Polylactic Acid (PLA) Market – By Application (Packaging, Agriculture, Transportation, Electronics, Textiles, and Others) and Regions – Global Industry Outlook, Comprehensive Analysis, and Forecast, 2020 -2026 “has been added to ResearchAndMarkets.com offer. Research and Markets logo The global polylactic acid (PLA) market is expected to …

By Chong Koh Ping To tame a sparkling real estate market, China turns to one of its root causes: the way land is sold in major cities. Since its inception in the 1990s, when employers were still providing housing for many people, the Chinese real estate market has grown tremendously, with booming home ownership rates …