Infosys has announced a mega share buyback. This has brought cheer to the stock market. New tax rules apply to this buyback. Individual shareholders now pay tax on the entire buyback amount. This is treated as dividend income. TDS applies. Investors can record capital loss. This can be set off against capital gains.
The FAA is seeking $3.1 million in fines from Boeing for safety violations occurring between September 2023 and February 2024, including those related to the Alaska Airlines door plug incident. The FAA identified hundreds of quality system violations at Boeing's 737 factory and Spirit AeroSystems' factory.
SBI and a group of private banks are poised to receive a tax exemption on 13,483 crore income from selling their stake in Yes Bank to SMBC. The Yes Bank Reconstruction Scheme, 2020, exempts banks from capital gains tax on profits from the share sale. This deal marks Japan's largest bank's entry into India.
BlackRock Inc. is set to invest up to 500 million in the UK's data center market, coinciding with CEO Larry Fink's participation in President Trump's state visit. The asset manager has acquired a west London site to launch Digital Gravity Partners, focusing on underutilized data centers.
