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South Africa Zuma: Gupta family home raided by police

South Africa Zuma: Gupta family home raided by police

World
South Africa's elite police unit have raided the home of the controversial Gupta family as the investigation into so-called state capture continues.Three arrests have been made, including one Gupta brother, local media report. Police say two other people are expected to hand themselves in.The Gupta family have been accused using their friendship with President Jacob Zuma to wield enormous political influence for their business interests.They all deny the allegations.Africa Live: For all the latest on the Guptas and Zuma, as it happensThe raid on the Gupta's walled compound in Johannesburg comes as Mr Zuma faces increased pressure to resign, in part because of links to the Guptas.He is expected to respond later today to a formal request from the African National Congress (ANC) to step down....
Magicbricks teams up with State Bank of India to launch Big Bang Home Carnival

Magicbricks teams up with State Bank of India to launch Big Bang Home Carnival

Finance
MUMBAI: The country's largest lender State Bank of India and the No.1 property site Magicbricks on Friday announced the launch of the Big Bang Home Carnival, a month-long online housing carnival. The housing festival will showcase nearly 16,000 units, across 22 Indian cities and will culminate on March 9. 62 developers have come on board to showcase 97 projects while SBI is offering a host of loan deals in SBI and RERA Approved Projects. "We are offering home loans at Zero processing Fee with an attractive interest rates and additional 20% loan for the young generation having age upto 45 years," said P.K. Gupta, MD (Retail & Digital Banking), SBI. "The customers can get home loans pre-approved even before they decide the property to be purchased. To improve customer home loan jou...
Arctic permafrost home to large mercury reserves, study finds

Arctic permafrost home to large mercury reserves, study finds

Science
Feb. 5 (UPI) -- Scientists have discovered large mercury reserves trapped in Arctic permafrost.According to a new study published in the journal Geophysical Research Letters, the mercury reserves are the largest in the world."This discovery is a game-changer," lead study author Paul Schuster, a hydrologist at the U.S. Geological Survey in Boulder, Colorado, said in a news release. "We've quantified a pool of mercury that had not been done previously, and the results have profound implications for better understanding the global mercury cycle."The monumental mercury levels were revealed by permafrost cores drilled in northern Alaska. Analysis suggests the Arctic permafrost holds double the amount of Mercury found in all the rest of the planet's ocean, sediment and atmospheric systems combin...
Soho House has new home with $2bn New York float

Soho House has new home with $2bn New York float

Business
Soho House, one of the world's biggest networks of private members' clubs, is plotting a flotation in New York‎ that will value the company at about $ 2bn (£1.4bn).Sky News can reveal that UK-based Soho House, which opened its original venue in central London in 1995, is drawing up plans for the listing, with an announcement expected around the middle of this year.The Wall Street investment banks Goldman Sachs and JPMorgan have been hired to oversee the initial public offering, which ‎is likely to involve raising hundreds of millions of dollars to fund its ongoing international expansion.A move to go public will bring even greater attention to a hospitality group which already attracts huge media focus because of its star-studded membership base and parties.Soho House, which was founded by
Budget 2018 may roll out tax sops for home buyers

Budget 2018 may roll out tax sops for home buyers

Finance
The government may use Budget 2018 to make owning a house slightly more affordable and even rekindle the interest of home buyers. These measures could be in the form of tax sops for home owners and those looking to buy property. Tax benefits help in bringing down the effective interest burden in properties that are financed through a home loan. Here are few things that Budget 2018 could do to help taxpayers own a home and save tax simultaneously. Principal repayment enhancement In Budget 2018, the tax benefit on the principal amount repaid on a home loan for a self-occupied property may get an additional benefit of Rs 50,000 or more within the section 80C limit. While existing home loan takers can use the prepayment feature to benefit from it, new borrowers get an add...