Under Indian tax law, when a resident father-in-law gives a sum of money to his daughter-in-law who is a non-resident Indian (NRI), that gift is not taxable in India — neither for the donor nor for the recipient. The law treats gifts between specified relatives as exempt, regardless of the amount. Below is a clear … Read more
The front row at a recent Milan runway show became a spotlight in its own right as a major American fashion house drew a constellation of celebrities and influencers. Their presence reinforced the brand’s visibility during one of the season’s most watched fashion weeks and highlighted the continuing business value of star power in luxury … Read more
Rupee slips as domestic equity selling outweighs global tailwinds The Indian rupee weakened even as two normally supportive global factors — a softer US dollar and lower crude oil prices — seemed to point the other way. The immediate cause was selling pressure in domestic equities, which pushed risk sentiment down and led investors to … Read more
Silver Strengthens as Industrial Demand and Dollar Weakness Lift Prices Silver has been drawing attention from traders and investors as it outperforms gold in recent trading sessions. Analysts point to two main drivers behind this move: stronger industrial demand and a softer U.S. dollar. Together, these forces are giving the white metal extra momentum across … Read more
Court Clears $451 Million Purchase of Bankrupt Apartment Portfolio Summit Properties USA has received court approval to buy a portfolio of apartments for $451 million. The buildings had been placed into bankruptcy in May by Pinnacle Group LLC. The ruling clears the way for Summit to move forward despite legal objections raised by New York … Read more
Money is one of the quietest — and most powerful — forces in a relationship. Couples often assume that opening a joint account solves everything, but true financial compatibility runs deeper. From the immediate “wedding hangover” of bills and refunds to long-term choices about supporting aging parents, aligning money habits and values is essential for … Read more
The Indian benchmark indices opened lower in early trade, with the 30-share BSE Sensex slipping and the 50-share NSE Nifty following suit. The moves come as investors balanced domestic corporate cues with global developments and short-term profit-taking. Morning market snapshot In early trade, the Sensex declined 320.69 points to 83,249.66. The Nifty was down 124.60 … Read more
India’s equity markets have delivered strong returns in recent years, tempting many investors to chase fast gains. But building lasting wealth rarely comes from timing the market. Instead, a disciplined approach to asset allocation and regular rebalancing helps investors compound returns, manage volatility and avoid costly behavioural mistakes. Why asset allocation beats market timing Asset … Read more
Rupee edges higher in early interbank trade The Indian rupee opened the interbank foreign exchange market at 90.68 against the US dollar and strengthened slightly to trade at 90.66. This move represents a gain of 12 paise from the previous session’s close of 90.78, a modest improvement of roughly 0.13%. Market snapshot Opening level: 90.68 … Read more
Markets stay on edge as foreign funds flow out and oil prices climb Persistent outflows of foreign capital from domestic equity markets, together with rising crude oil prices overseas amid a volatile geopolitical backdrop, have left investors cautious. Forex analysts say the twin pressures — weaker fund flows into stocks and a more expensive energy … Read more