Corporate profits

Increased growth in the United States in the second quarter; corporate profits rise | Business

WASHINGTON (Reuters) – The U.S. economy grew a little faster than initially thought in the second quarter, raising the level of gross domestic product above its pre-pandemic peak, as massive fiscal stimulus and l impact of Covid-19 vaccinations boosted spending. Thursday’s Commerce Department report also showed a sharp increase in corporate profits, which should allow […]

Corporate profits

US corporate profits soar in the second quarter; increased economic growth

GDP growth in the second quarter revised to 6.6% Corporate profits hit new record Weekly jobless claims increase from 4,000 to 353,000 WASHINGTON, Aug.26 (Reuters) – U.S. corporate profits hit a new second quarter record, boosted by robust demand and higher prices, suggesting that an expected slowdown in economic growth this quarter due to the […]

Corporate profits

Global Corporate Profits Dip 8% in Third Quarter After Record Second Quarter – Data | Invest News

By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Global company profits in third quarter are expected to fall for the first time in 18 months after record profits in April-June, Reuters calculations showed, as the spread of the COVID-19 variant Delta squeezes the chains supply and increases labor costs. Massive fiscal stimulus to support the […]

Foreign investments

BOI invites foreign investment in SEZs

ISLAMABAD – The Board of Investment (BOI) has invited foreign investors, especially Chinese, to set up their business houses in Pakistan’s Special Economic Zones (SEZs). “We look forward to your high quality investments in Pakistan while enhancing B2B and P2P cooperation,” Fareena Mazhar, Secretary of the Pakistan Investment Board, said at the “Belt and Road” […]

Income tax

Finance Minister Sitharaman summons Infosys CEO as income tax portal goes dark: The Tribune India

Tribune press service New Delhi, August 22 As the income tax portal darkens on Saturday, the finance ministry summoned Infosys CEO Salil Parekh on Monday to explain to finance minister Nirmala Sitharaman why even after two and a half months since its launch , the issues with the new portal have not been resolved, an […]

Income tax

FinMin summons the CEO of Infosys, Salil Parekh, tomorrow for persistent problems

The Ministry of Finance summoned the Managing Director and Managing Director of Infosys, Salil Parekh, over problems with the new electronic income tax filing portal. The website went live earlier this year, but has been marred by problems since launch. Parekh was called to appear before the Ministry of Finance on August 23, Monday, to […]

Income tax

YOUR REQUESTS: INCOME TAX: Seniors can claim a tax deduction on medical expenses up to Rs 50,000

Since the shares are considered “movable property”, it is not compulsory to sign a deed of gift. By Chirag Nangia I retired in November 2020 and took out a Mediclaim policy in February 2021. In the meantime, I incurred medical bills for preventive checkups, medical consultation fees, and dental treatment. Can I apply for a […]