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SECTION 16
In 1942, a woman inherited property worth $33,650, its value rose to $95,000, then a mother-son ownership arrangement triggered a US estate-tax disputeThe dispute reached the US Court of Appeals for the Fourth Circuit, which ruled on November 1, 1967, in favour of the Internal Revenue Serv...- Supreme Court agrees to hear plea challenging validity of law granting immunity to CEC, ECsA bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana issued notice to the Centre and the Election Commission seeki...
- US declares power grid emergency across 13 states: What it means for residentsUS Secretary of Energy Chris Wright has issued an emergency order to PJM Interconnection to maintain grid stability. This directive allows ...
- RBL Bank shares plunge 8% despite 170% jump in Q2 profit. Should you buy, sell or hold?RBL Bank shares fell up to 8% despite a 170% year-on-year jump in Q2 FY27 net profit to Rs 481.7 crore. Strong net interest income growth a...
- Karnataka HC strikes down enhanced SC/ST quota provisions, cites 50% ceilingThe Karnataka High Court annulled provisions of a 2022 law that raised reservation quotas for SCs and STs. This decision ruled that the enh...
- VRS offer in hand? Check these tax rules before you accept the packageContemplating a Voluntary Retirement Scheme (VRS)? Prior to making your decision, it’s crucial to analyze the overall financial implication...
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
- GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue officialDuring the 57th GST Council meeting, significant recommendations were made to address concerns from stakeholders. The government plans to i...
- New bigger Vande Bharat coming soon: Forget 16-coach version, Railways eyes 24-coach sleeper train with features that could give Rajdhani Express tough competitionRailways is planning a 24-coach Vande Bharat sleeper train with a pantry car, additional toilets and upgraded interiors, targeting a rollou...
- Will RBI’s CRR hike to 99% hit HDFC, SBI and other bank stocks? Here’s what Jefferies saysThe RBI has raised the minimum daily CRR maintenance requirement to 99% from 90% from October 16 to curb banking system liquidity. Jefferie...
- Avenue Supermarts shares fall 3% after Q2 results. What are Motilal Oswal, Nuvama saying?Avenue Supermarts shares fell 3.3% despite an 8.5% year-on-year rise in Q2FY27 net profit to Rs 743 crore. Revenue grew 17.8%, but margins ...
- California's minimum wage rate for 2027 is $17.4 an hour, but these workers are set to earn more than thatCalifornia's minimum wage is set to rise to $17.40 an hour, effective January 1, 2027. But various local and industry-specific wages may ex...
- Bonus, dividends, rights issues and stock splits: TCS, Vedanta, Ola Electric among 14 stocks turning ex-record date this weekAround 14 companies, including TCS, Vedanta and Ola Electric Mobility, have key corporate action dates scheduled between October 12 and 16....
- 2020 Delhi riots: Court convicts Tahir Hussain of abetment to rioting, acquits 12 othersFormer AAP councillor Tahir Hussain has been convicted of abetment to rioting during the 2020 northeast Delhi riots. The conviction was mad...
- India's anti-terror agency to probe mid-air cockpit attack on Captain Smit Machchhar aboard flydubai flightThe National Investigation Agency (NIA) has registered a case to investigate the alleged mid-air stabbing of Indian pilot Captain Smit Mach...
- GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaulThe GST Council recently approved substantial reforms to simplify the indirect tax structure and improve compliance. These changes include ...
- US has India as an ally and a target of investigation in the same manufacturing fightIndia has aligned itself with a US-led initiative aimed at mitigating global manufacturing overcapacity, joining 15 nations in this coopera...
- Citi’s India IB revenue nearly doubles as bank raises $16 billion for clients, shows dataCiti’s India investment banking revenue nearly doubled to $52 million, making it the country’s top-ranked investment bank. The lender helpe...
- Husband earns Rs 1.5 lakh monthly but wife gets no maintenance; Allahabad HC explains when a wife can be denied supportWife refused to return to matrimonial home after Raksha Bandhan, sought maintenance citing husband’s Rs 1.5 lakh salary; Allahabad HC rejec...
- Special NIA court in Kashmir acquits Asif Bashir Khan booked under UAPAA special NIA court in Kashmir acquitted Asif Bashir Khan of charges related to a grenade blast. The court found that the prosecution faile...
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