Is compensation received from employer taxable?

There are judicial precedents where it has been held that if payment is made for temporary disablement, it would be taxable, points out Tinesh Bhasin. Jitendra Solanki was paid Rs 32 lakh by his company after he lost an eye on the ship. The money was paid through an insurance company, as Solanki had suffered partial disability and his career […]

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U.S. Stocks Rebounding On Upbeat Report About Trade Talks

Stocks have moved mostly higher in morning trading on Wednesday, regaining some ground following the pullback seen over the three previous sessions. The major averages have all moved to the upside but remain well off their record highs. Currently, the major averages are hovering firmly in positive territory. The Dow is up 197.17 points or 0.7 percent at 27,699.98, the […]

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European Shares Rise On China Data

European stocks advanced on Wednesday even as trade worries deepened after U.S. President Donald Trump and Commerce Secretary Wilbur Ross suggested the U.S.-China trade deal might have to wait longer until after the 2020 presidential elections. Underlying sentiment improved somewhat after data showed activity in China’s services sector accelerated to a seven-month high in November, hinting at short-term stabilization in […]

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Will Punit Goenka manage to ‘rescue’ Zee?

With founder Subhash Chandra no longer in the driver’s seat, having stepped down as chairman last month (though he retains a seat on the board), the acid test for Goenka would be to take the financial investors, who’ve backed Zee, along with him even as he strives to weather the latest storm. Viveat Susan Pinto reports. It may take some […]

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Wall Street dips as tariff deadline approaches

NEW YORK (Reuters) – Wall Street’s main stock indexes ended slightly lower on Tuesday, still not far from record highs, as investors awaited concrete news on whether U.S. tariffs on Chinese imports would take effect on Dec. 15, a potential turning point in the two countries’ trade dispute that has convulsed markets. The Dow Jones Industrial Average .DJI fell 27.33 […]

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Why calling a general election is a big gamble for Johnson

London (CNN)It’s beginning to look a lot like campaigning season (everywhere you go). British voters are heading to the polls for the fourth time in less than five years, after lawmakers backed Prime Minister Boris Johnson’s gamble to break the country’s crippling political deadlock and hold an election two weeks before Christmas. The country’s weary voters will be forced to […]

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Oil prices drop as trade war concerns haunt market

LONDON/SINGAPORE (Reuters) – Oil prices slipped for a second straight day on Tuesday as a slowing global demand outlook outweighed OPEC’s deal with associated producers last week to deepen output cuts in 2020. Brent crude was down 33 cents, or 0.5%, at $63.92 per barrel by 1134 GMT while West Texas Intermediate oil was 29 cents, or 0.5%, lower at […]

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SBI under-reported NPAs by Rs 12K cr in FY19

As a result the bank has to make additional provisioning of Rs 12,036 crore in the balance sheet. The country’s largest lender State Bank of India (SBI) on Tuesday reported about Rs 12,000 crore divergence in their bad loans for the last fiscal. As per the assessment done by the RBI, the gross NPA of the SBI was 11,932 crore […]

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