Sebi move makes MF gifts easier, cheaper

Sebi’s new regulation allows mutual fund investors to gift units, including statement of account holdings, eliminating the need for redemption and triggering capital gains tax. This reform facilitates tax savings for individuals by transferring units to family members with lower taxable income, making gifting and inheritance processes significantly easier and more tax-efficient.

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Justin Herbert injury update: Will Chargers star QB miss games as he needs ‘medical procedure’ after hand fracture

Los Angeles Chargers quarterback Justin Herbert will undergo surgery for a broken bone in his left hand after suffering the injury during Sunday’s win over the Raiders. Despite playing through the injury and leading his team to victory, his availability for upcoming crucial games remains uncertain, clouding the Chargers’ playoff hopes.

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FPIs withdraw Rs 3.8k crore in November

Foreign investors resumed selling Indian equities in November, withdrawing Rs 3,765 crore after a brief pause in October. This reversal followed a significant inflow in October, breaking a three-month streak of outflows. Market movements this week will be influenced by upcoming macroeconomic data, global trends, and the RBI’s interest rate decision.

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Starlink cannot compete with telcos in cities: Musk

Elon Musk stated Starlink is designed for rural areas and disaster recovery, not dense cities, due to physics limitations. He explained satellite beams are like flashlights, supporting limited users, making urban coverage impractical. Musk highlighted Starlink’s role in serving underserved regions and maintaining connectivity when terrestrial infrastructure fails.

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Govt to change highway deal norms to get more private companies

The government is set to revise highway contract conditions to attract more private investment by de-risking projects. New provisions include revenue support and extended tolling periods for traffic shortfalls, with buyback options for projects exceeding capacity. Lenders’ exposure will be safeguarded through debt repayment and concessionaire substitution in case of contract termination.

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