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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.
Wall Street Ends Volatile Week Mixed as Oil Retreats, Tariffs Loom July 25
S&P 500 flat, Nasdaq down 0.6% Friday as Brent crude drops 4% to $96, Trump tariffs hit 10-12.5%, and Fed rate hike odds jump to 30% next week.
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.
Australia’s New 30% Capital Gains Tax Hits Retirees From July 2027
Australia’s new capital gains tax reform cuts the 50% CGT discount and imposes a 30% minimum tax rate from July 1, 2027. Retirees and investors should realise gains before the deadline to save tax.
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…
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…
Monash Study Finds Microbes Unlock Uranium in 80-Year-Old Mine Waste
Monash University researchers discovered microbes are transforming stable uranium minerals into mobile nanoparticles at abandoned Mount Painter mine, challenging long-held assumptions about mine waste safety.
Crypto Prices Today: BTC +0.38% Above $65K, ETH +0.28%, XRP +0.08%, Solana +0.22%
On 23 July 2026, the cryptocurrency market moved slightly higher as Bitcoin gained 0.38% and stayed above the $65,000 mark. Ethereum, XRP and Solana also recorded modest gains, suggesting that buying interest remains steady across the major digital assets. Although price movements were limited, investors continue to track institutional demand, spot Bitcoin ETF activity and…