Mutual fund investors invest through a systematic investment plan (SIP) or lump sum. Capital gains made in both ways are taxed as short-term and long-term capital gains. Short-term capital gains are taxed at a 15% rate, while long-term capital gains are taxed at 10%. One gets Rs 1 lakh tax relaxation on long-term capital gains. Beyond those gains, they have to pay a 10 per cent tax.
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Infosys ADR (American Depository Receipt) shares fell 6.78 percent on April 18 on NYSE after the IT services company posted its earnings for the quarter ended March 31, 2024. Infosys, in its FY25 outlook, slashed its revenue guidance to 1-3 percent, below analyst estimates, as weakness continued in discretionary and digital projects.
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FRANKFURT | MADRID: Spain's Santander will exit the mortgage business in Germany and cut around 500 jobs there by the end of 2026 as part of a process to concentrate on more profitable activities, a spokesperson for the lender told Reuters on Wednesday. Germany has been going through its worst real estate crisis in decades.
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