Investors also weighed the risks and potential returns of heavy investment in artificial intelligence infrastructure. Wall Street stocks fell on Wednesday as hotter-than-expected US inflation data pushed Treasury yields higher, adding to concerns about borrowing costs even as major banks assessed the opportunities and risks associated with the artificial intelligence (AI) investment boom.The S&P 500…

Under the 2018 redevelopment agreement, the man received Rs 75 lakh and declared the capital gains arising from the transaction. (Image for representative purpose only) You give your house for redevelopment to a builder and get money from the builder and some floors. You claim long-term capital gains exemption, but the tax department sends you…

Wholesale inflation rises to 11.39% in September as food, fuel costs climb (representative image) India’s wholesale price index (WPI)-based inflation surged to a series-high of 11.39% in September, up from 9.92% in August, driven by rising prices of food, manufactured items, and fuel and power, government data showed on Wednesday.Inflation in the food index rose…

Fairfax, led by Canadian billionaire Prem Watsa, will pay Rs 81 per share for IDBI Bank. Canada-based Fairfax Financial Holdings is set to acquire a 60.72 per cent stake in IDBI Bank for approximately Rs 53,000 crore ($5.5 billion). The transaction would rank as the largest foreign investment in an Indian bank. It marks a…

 CAS is a single statement that brings together an investor’s transactions and holdings. (Image for representative purpose only) You invest in mutual funds, shares, ETFs, and even fixed deposits. But tracking your investments and keeping abreast with what money lies where can be a tricky and sometimes cumbersome task.This is where the Reserve Bank of…