Coupon Deadlines Near; Kaisa Deferral Offer: Evergrande Update

(Bloomberg) -- A group of Kaisa Group bondholders have sent the beleaguered property developer a formal forbearance proposal, which may buy some time and help it avoid a default on $400 million dollar bonds due Tuesday. Shares in China’s real-estate companies jumped after policy makers moved to expand support for the economy as a property market downturn threatens to hamper growth into next...

Elon Musk’s double standard on EVs: Asks for subsidy in India, says no to subsidy in the US | Electric Vehicles News

Tesla Inc CEO Elon Musk said that the U.S. Congress should not approve the Biden administration's bill to boost subsidies for electric vehicles (EVs), saying the proposal would worsen the country's budget deficit. Interestingly, Elon Musk's led Tesla has delayed its India launch over lack of subsidy from the Indian government. While Tesla announced its India plans on Twitter few months ago, he has been...

China’s Exports Expand to New Record on Strong Trade Growth

(Bloomberg) -- China’s exports grew faster than expected in November to hit a record, as external demand surged ahead of the year-end holidays and domestic production rebounded on an easing power crunch.  Exports rose 22% in dollar terms from a year earlier to almost $326 billion, while imports grew 31.7%, leaving a trade surplus of $71.2 billion for the month, the customs administration said...

ITR Filing: Incorrect bank account number? Here’s how to rectify it | Personal Finance News

New Delhi: The income tax department recently announced that it had issued refunds of Rs 1.29 lakh crore in the first eight months of the current fiscal year. For the assessment year 2021-22, this comprises Rs 16,691.50 crore in reimbursements to 79.70 lakh taxpayers. While the majority of taxpayers who submitted an income tax return (ITR) for the relevant assessment year should have gotten or be on...

Tomato prices skyrocket in Southern states due to rains | Economy News

New Delhi: Retail prices of tomato have skyrocketed to a high of Rs 140 per kg in some parts of southern India as supplies have been hit due to heavy rains, according to the government data. Tomato prices are ruling high since September-end in most retail markets of the country but there has been a sharp rise in southern states of late due to continuous rains. In the northern region, retail prices of...

Lost PAN card? Here’s how to download e-PAN | Personal Finance News

New Delhi: PAN card, or Permanent Account Number, are widely utilised for a variety of purposes, including banking services and tax filing. PAN card is a vital document that is required for practically all high-value transactions. Do you recall going to the bank to open your account? One of the documents that were necessary was a PAN. Considering purchasing a vehicle? Ditto. Your employer will ask for...

Chart Of The Day: The NASDAQ 100 Could Be About To Top Out

Though US futures contracts were all down ahead of Tuesday's Wall Street session, equity futures for the 'outperformed.' This morning's global market equity selloff is being fueled once again by rising fears of the as-yet-unknown dangers of the Omicron variant. The 'leadership' of NASDAQ futures indicates markets are pulling back from the reflation trade which reflects optimism of an economic...

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