Jul 3, 2017 - Government bonds for saving LTCG must be bought within 6 months of selling house

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Sree Vijaykumar From the Editor's Desk Netflix's Reed Hastings has somehow managed to overcome the innovator's dilemma, by constantly reinventing his business in a fast changing sector. While giants like Kodak and Nokia succumbed to technology's unforgiving progress, let's examine Netflix's 'Kodak' moments. Netflix started as a DVD-mail-order business. When broadband speeds increased, it disrupted itself by becoming a streaming company. When the big studios made life difficult by charging exorbitant content fees to Netflix for its content, it again rose to the occasion by producing originals, which it had no experience doing. Netflix wants to become HBO before HBO becomes Netflix. The video-streaming giant marks its 20th anniversary this year, touting a valuation of $60 billion. That works out to about $3 billion of added market value a year, on average, for the titan of Silicon Valley and Hollywood, which went public in 2002 in an $82.5 million offering. Along the way, Reed Hastings, its 56-year-old co-founder and CEO, has learned a few tricks of the management trade, which he has shared at different forums through the years. Here are some of his biggest lessons. Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Government bonds for saving LTCG must be bought within 6 months of selling house Long-term capital gain tax is payable if you sell a property after holding it for less than 24 months. If you buy government-notified bonds with this capital gain, this gain may not be taxed Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. UK may change law to save jobs at Tata Steel's Port Talbot plant A deal to reduce Tata's financial burden in the £15-billion pension scheme for its British steel business is central to a plan to save Port Talbot and keep it open With home-grown GST, India says yes we can The GST initiative is a totally home-grown reform and not something adapted from the reform text books penned either by the IMF or the World Bank New housing finance firms eye affordable housing space Affordable housing finance is set to be a Rs6 trillion opportunity by 2022, says a India Ratings and Research report CMS Info Systems prepares for IPO, may raise up to Rs800 crore CMS Info Systems has hired investment banks Axis Capital, Kotak Mahindra Capital and UBS to manage the IPO, which could be a mix of primary and secondary share sale Tata Realty, StanChart PE JV buys Thane-Belapur land for Rs325 crore The Tata Realty and Standard Charted PE joint venture will use the plot in Thane-Belapur industrial area for developing an IT park UrbanClap raises $21 million to fund expansion plans UrbanClap founder Abhiraj Bhal says the funds will be used to expand to more cities, invest in technology and add new vendors Govt readies financial sector's cyber warrior CERT-Fin will ensure a comprehensive cybersecurity framework for the financial sector to prevent incidents such as the debit card data breach at banks last year ATMs to turn costly under GST, small banks to be hit With the machines becoming more expensive, smaller banks and newly-licensed small finance banks could slow down deployment of teller machines. India set to climb up in ease of doing business ranking India is now aiming for a quantum leap of eighty spots next year to rank among the worlds top fifty countries for ease of doing business. Sebi slaps Rs27 lakh fine on Sungold Capital, executive directors Markets regulator Sebi fines Sungold Capital and its three executive directors Rs27 lakh for allegedly violating norms related to public holding and disclosures TPG Capital withdraws buyout bid for Australia's Fairfax Media TPG Capital's exit leaves US private equity firm Hellman & Friedman LLC as the potential sole bidder for Fairfax Media Ltd Air India employees' union to meet, plan stir against privatisation Air Corporations Employees' Union plans to meet a group of ministers to be set up by the government to look into the Air India disinvestment programme PNB to block all Maestro debit cards from July 31 The bank has identified that there are about one lakh customers with old Maestro debit cards and is asking them to replace the cards by the end of this month. China-Hong Kong $10 trillion bond link to start Monday to lure inflows Two big Chinese policy banks will issue bonds to offshore investors on Monday and Tuesday. BSE to revise transaction charges on equity segment from 1 August BSE has introduced a new slab-based structure for levy of transaction fees for securities traded under group A, B and other non-exclusive scrips. Why ATM will not go extinct anytime soon in India In India, some technocrats have started saying that payment cards would become virtual by 2020 and the ATM industry has no future, but cash is still king. Banks or India Inc: Who will come back from the brink first? Delayed mega-projects, a resultant debt overhang and bankers determination to haul errant promoters to the bankruptcy courts have spooked corporate India. GST rollout: How businesses consumers coped with India's biggest tax reform Take a look at how traders and consumers across spectrum are reacting to five-tax slabs instead of a plethora of state, local and national taxes. Sebi toughens rules for credit rating agencies Sebi mandates credit rating agencies to more closely monitor whether issuers are meeting their debt obligations and increasing disclosure requirements Banks in India set to face further pressure on earnings; here is why Gross NPAs may rise to 10.2% by March next, says Financial Stability Report Amazon Prime Day poised to compete with shopping 'super bowl' Black Friday Amazon Prime Day poised to compete with shopping 'super bowl' Black FridayWAFB.comIn the age of the online consumer, Amazon promotes its yearly Prime Day event as an alternative to Black Friday, the biggest shopping day of the year. Amazon Prime Day is a yearly event in which Amazon slashes prices on a wide, and sometimes comical, ...sp; Inox turns the spotlight on premium multiplex market Expansion plan here over 18 months, while keeping the aim of expanding beyond the metros H&M to add 8 stores in 6 mnths, go online in India by 2018 H&M would add 1.60 lakh square feet of retail space by the end of this year, totalling 6.50 lakh square feet within two years of starting its operation in India. Automakers, retailers pass tax benefits to customers, slash prices after GST rollout Tata Motors-owned Jaguar Land Rover (JLR), too, reduced prices for all cars manufactured in India by up to seven per cent, said a spokeswoman for the company. GST: GST to prove positive for logistics sector, Auto News, ET Auto With a uniform tax structure now applicable across the majority of India, only a GST invoice will suffice for them to travel unhindered past toll gate.. Widespread thumbs up to GST across sectors, though many await more clarity Response feeble from small and micro enterprises Westside, Shoppers Stop, Max Fashion Offer Over 50% Discounts In Post GST Sales Too voo customers, brands have started offering discounts as high as 50 percent post GST. Read Himani Chandana's report, , GST impact, brands, Discount sale Telecom operators expect trouble as many distributors, retailers are yet to register under GST Telcos are facing huge pressure amid intense competition and have sought government sops to tide over the financial stress. 5G in India: Mobile internet will make Digital India vision come true Going ahead, 5G deployment will be driven by the need for enhanced mobile broadband capabilities A wake-up call: India must build resilience against cyber attacks Digital infection started in Ukraine, but it has spread like plague across 60 countries GST impact: Apple cuts prices of all iPhone models in India by up to 7.5 per cent iPhone SE has become cheaper by atleast 4 per cent, with prices of the 32GB model down to Rs 26,000 from the earlier Rs 27,200. Telecom infrastructure: Here is why Centre must abolish irrational fees, not interconnection charges An inter-ministerial group (IMG) is currently reviewing the financial health of India's telecom sector. This follows a steady fall in sector revenues since Reliance Jio launched its 4G services last year. Jio unveils New Submarine Cable System The 4G entrant said that the project is the combined work of leading telecom service providers from Europe, the Middle East, and Asia. AAE-1 links sea.. Govt won't use 'hammer' to get firms to cut prices, busts 'myths' on GST So far, the assessment in the government is that the rollout has been fairly smooth. Even small businesses gradually adjusting to the situation. Govt hopes the businesses will share the gains, including the benefits arising from input tax credit. GST impact: Dairy companies see no revenue change; say consumer will be the king Producers of pickles, jam, tomato ketchup, however, complained that GST had raised the taxation level and said sales had slumped after the onset of the new regime. HUL cuts prices of select products post GST Under the GST regime, tax credit system is reducing the absolute margins available to modern trade retailer and they are asking to retain at VAT level. Businesses race to adapt to GST regime With the biggest tax reform set to receive a red carpet welcome in Parliament's Central Hall when the clock strikes midnight on June 30, the Goods and Services Tax will irreversibly impact consumers, traders, businesses as well as the revenue collection machines of the states and the centre. FMCG prices start coming down NEW DELHI/MUMBAI: With GST kicking in on Saturday, Apple slashed prices of iPhones by as much as Rs 5,600 on one model, while Samsung has chosen to wait and calculate, citing large variations in state VAT (value added tax) rates. Why McDonald's had to shutter outlets in Delhi The infighting between CPRL and the global burger giant took an ugly turn with the CPRL board deciding to shut down 43 out of 55 restaurants in Delhi. Tiger Shroff promotes "Padhega India, Badhega India" Actor Tiger Shroff, who has acted in films like `Heropanti', `Baaghi' and `A Flying Jatt', says he needs to come back stronger after his third film.The actor is now gearing up for the release of his next film `Munna Michael', which is set to hit the screens on July 21. ANAROCK hires Rahul Yadav, the former CEO of Housing.com Yadav will be responsible for the development of a technology-driven online brokerage platform for Puris venture that would eventually attract international investments. Second day of GST regime sees automobile companies like Toyota, Hero MotoCorp cut prices Key consumer goods companies also promised price cuts in the weeks ahead on new stocks made after July 1, a day after HUL reduced prices of some products. Flipkart Fashion ventures into men's private label with Metronaut "Apparel is a one-lakh-crore market wherein, sub- ₹1,000 apparel constitutes 60 per cent of the demand."Rishi Vasudev Vice-President, Fashion, Flipkart Top Filpkart execs to meet consumers A company statement said executives who will visit the customers include those from functions like engineering, product, finance and analytics. 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