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Australia’s New CGT Rules Create $500,000 Tax Trap for Retirees July 25
Australia’s new capital gains tax rules remove the 50% discount and replace it with inflation indexation, creating a $500,000 tax trap for unwary retirees and investors. The change breaks tax parity with dividend income.
Diddy Sent to Solitary Confinement After Prison Fight on July 24
Sean ‘Diddy’ Combs placed in solitary confinement after fighting another inmate at FCI Fort Dix in New Jersey on July 24, 2026. His release date remains February 2028.
Singapore Airlines Warns of KrisFlyer Phishing Scam on July 21
Singapore Airlines warns customers of fraudulent KrisFlyer Anniversary Draw emails. SIA says it never requests passwords, OTPs, or payment to claim prizes. Delete suspicious emails immediately.
Australia’s New Super Tax Hits High Earners From July 1: What Retirees Need to Know
Australia’s new Division 296 superannuation tax from July 1, 2026 hits high-balance retirees with 30-40% rates. Affects 90,000 people with balances over $3 million. Capital gains tax and negative gearing changes also take effect July 2027.
Swiggy (NSE: SWIGGY) Stock Slides 7% as Flipkart Food Delivery Entry and Foreign Ownership Cap Rattle Investors
Swiggy stock slid as much as 7% on Friday, hitting an intraday low of ₹242.51. Two separate developments triggered today’s sharp selloff in Swiggy shares. Swiggy’s board approved capping foreign ownership at 49.5%, down from 100%. Separately, Flipkart announced plans to enter food delivery within 30 days. Swiggy shares opened at ₹259.27, down from Thursday’s…
HSBC (LSE: HSBA) to Sell Singapore Insurance Unit for £1.6B, Signs 15-Year Allianz Partnership
HSBC agreed to sell its Singapore life and health insurance business to Allianz on July 24, 2026. The deal values HSBC Life Singapore at S$2.7 billion, or roughly £1.6 billion. It will also enter a 15-year exclusive bancassurance partnership with the German insurer. The transaction generates a pre-tax gain of $1.8 billion and lifts HSBC’s…
EPFO Warns Against Shifting Provident Fund Savings Into Mutual Funds
EPFO issued a clear advisory on Thursday, July 23, 2026, urging employees not to withdraw provident fund savings solely to invest in mutual funds. The retirement body stated that EPF and mutual funds serve fundamentally different financial goals. Posting on social media platform X, EPFO used the tagline “EPF is enough for the wise” to…
Meesho Q1 Results: Revenue Jumps 48% as Net Loss Narrows 54%
Meesho reported its Q1 FY27 results on Thursday, July 23, 2026, posting a 48.3% year-on-year jump in revenue to ₹3,713 crore. The consolidated net loss narrowed 54% to ₹132.8 crore, down sharply from ₹289.3 crore in the same quarter last year. Meesho’s net merchandise value climbed 34% year-on-year to ₹11,614 crore for the quarter ended…
Aeon Issues ¥70B in Corporate Bonds for Individual Investors, July 24
Aeon issues ¥70 billion in unsecured corporate bonds for individual investors with 2.7-3.3% interest rates. Sales begin August 10, 2026, with a seven-year maturity and A- credit rating.