In a ruling that could significantly influence the tax liabilities of Non-Resident Indians (NRIs) investing in Indian mutual funds, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, has determined that capital gains earned by NRIs on the redemption of mutual fund units are not taxable in India. This decision was delivered in a case involving a Singapore-based NRI who had declared short-term capital gains from mutual fund investments but claimed exemption under the Double Taxation Avoidance

Prime Minister Narendra Modi is set to make a historic 50th visit to his parliamentary constituency, Varanasi, since taking office in 2014. The Prime Minister’s visit, which reaffirms his deep connection with the holy city, is packed with the inauguration and foundation stone-laying of 44 development projects valued at a cumulative ₹3,880 crore. These initiatives cover a wide array of sectors including rural upliftment, education, law enforcement, power, infrastructure, and urban beau

A grand jury in Harris County has indicted 38-year-old Lee Mongerson Gilley for capital murder in the death of his wife, Christa Gilley, also 38, whose body was discovered in their home in The Heights neighborhood of Houston on October 7, 2024. Christa was approximately eight weeks pregnant at the time of her death, and the indictment includes charges related to the deaths of both her and the unborn child. According to initial police reports, officers were dispatched to the Gilley residence o

Chief Minister N. Chandrababu Naidu continues to strengthen his reputation as a development-oriented leader by aligning state priorities with national strategic interests. As part of the broader vision of progress and security, Andhra Pradesh is now set to host one of India’s most ambitious defense projects — a new naval base near Visakhapatnam that will house nuclear submarines and advanced warships. This major defense initiative is being developed under Project Varsha and is poi

Amaravati, Andhra Pradesh — The Central Government has disbursed over ₹4,200 crore to Andhra Pradesh for the development of its capital, Amaravati. This follows the release of USD 205 million (approx. ₹1,705 crore) by the World Bank under a major international funding initiative aimed at completing the first phase of the state’s capital development project. A senior government official confirmed that the ₹4,285 crore, transferred on April 1, is part of a comprehensive ₹15,

India is positioning itself to become a global player in the rapidly expanding fields of artificial intelligence (AI) and chip manufacturing. Experts believe the country’s entry into the AI space, akin to the emergence of China’s DeepSeek, will be driven by strategic public-private partnerships within the next 4-5 years. Kunal Bahl, co-founder of Titan Capital and a prominent entrepreneur, emphasized this potential growth in a conversation about India&

Andhra Pradesh Chief Minister N Chandrababu Naidu has announced the cancellation of all tenders linked to the controversial Mumtaz Hotel project in Tirumala. The decision comes amid mounting opposition from religious groups, priests, and devotees who raised concerns over the project’s potential impact on the spiritual sanctity of the revered Tirumala region. During his statement, Naidu firmly declared that no Tirumala Tirupati Devasthanams (TTD) land would be permitted for privatisation

Saudi Arabia’s highly ambitious $500 billion Neom mega-city project, designed to revolutionize urban living, is facing significant delays, ballooning costs, and growing investor concerns. The futuristic development, intended to showcase Saudi Arabia’s forward-thinking vision, has encountered hurdles that threaten its completion.   A Grand Vision with Uncertain Progress Launched in 2017 as part of Crown Prince Mohammed bin Salman&#

For years, many Indian startup founders believed that incorporating their businesses in the US or Singapore made it easier to raise venture capital, manage international operations, and plan for exits. However, in 2025, this perception is rapidly changing as more startups recognize the advantages of incorporating in India.Kunal Bahl, co-founder and former CEO of Snapdeal, recently shared insights on why Indian incorporation is now the smartest choice for startups. As per the Hurun Global Unic

The initial public offering market has entered a phase of stagnation, with no major IPOs launched in the past three weeks. The last significant IPO was Quality Power, which opened for subscription on February 14, 2025. Since then, the primary market has seen a lull, raising concerns about investor sentiment and market conditions.Despite speculation surrounding Tata Capital’s anticipated $11 billion IPO, which is expected to be one of the largest listings of the year, the overall slowdow

The Andhra Pradesh government, led by Chief Minister Chandrababu Naidu, has presented a record-breaking budget for the financial year 2025-26. With an overall outlay of ₹3.22 lakh crore, this is the first time in the state's history that the budget has surpassed the ₹3 lakh crore mark. Finance Minister Payyavula Keshav introduced the budget in the Andhra Pradesh assembly, outlining major allocations aimed at boosting welfare programs, infrastructure, agriculture, and social developmen

Andhra Pradesh Chief Minister N Chandrababu Naidu has reassured chilli farmers that the state government is actively working to address the recent decline in chilli prices. Speaking to the media in New Delhi, Naidu attributed the sharp drop in prices to reduced global demand, which has impacted farmers who previously benefited from high international market rates. He urged farmers not to panic and assured them that necessary support measures are be

The Union Budget 2025 introduced a significant revision to the income tax exemption limit, raising it to ₹12 lakh. This change has sparked expectations of increased consumer spending, particularly in sectors such as automobiles and fast-moving consumer goods. With more disposable income available to middle-class taxpayers, the automotive industry is poised to see shifts in demand, with varying effects across vehicle segments. Analysts believe that while this tax policy revision may drive ov

Rail Vikas Nigam Ltd (RVNL) has secured a significant contract worth Rs 3,622 crore from Bharat Sanchar Nigam Ltd (BSNL) for the development of Bharat Net's middle-mile network. The contract, awarded on a design, build, operate, and maintain model, involves the creation, upgradation, and operation and maintenance of the network. The project is set to be completed within three years, with a maintenance period of 10 years. The contract also includes an annual maintenance cost based on a per

On Monday, Telangana Chief Minister A. Revanth Reddy inaugurated the Aramghar-Nehru Zoological Park flyover, the second-longest flyover in Hyderabad, which spans four kilometers and has been constructed at a cost of Rs 800 crore. This six-lane bi-directional flyover is expected to significantly alleviate the traffic congestion on the busy Hyderabad-Bangalore national highway, especially in the Aramghar and Nehru Zoological Park areas. The Chief Minister also named the flyover after former Pri

China has officially approved the construction of what is set to be the world's largest hydropower dam, located on the Yarlung Zangbo River in Tibet. This ambitious project, which will span the lower reaches of the river, is expected to generate 300 billion kilowatt-hours of electricity annually, far surpassing the Three Gorges Dam's output of 88.2 billion kWh. The new dam is also seen as a significant step toward China’s goals of carbon peaking and carbon neutrality, alongside

The World Bank has approved a substantial USD 800 million loan for the Amaravati Integrated Urban Development Program, which will support the development of Andhra Pradesh's greenfield capital city, Amaravati. The loan, approved by the Board of Executive Directors of the World Bank, aims to establish Amaravati as a sustainable, climate-resilient urban center that will create economic opportunities and improve the lives of its residents. The project is set to focus on building the city as

On Monday, Andhra Pradesh Chief Minister N. Chandrababu Naidu visited the Polavaram project in Eluru district to review its progress. During his inspection, he sought details from the officials overseeing the project. The officials informed him that more than Rs 1,200 crore would be needed for constructing the diaphragm wall and guide bund, crucial components of the project. Speaking to the media, CM Naidu highlighted that the government aims to finish the entire Polavaram project b

Amaravati, the new capital of Andhra Pradesh, is rapidly progressing toward becoming a major metropolis. While current developments include state government buildings and prominent educational institutions like VIT and SRM, the city is gaining significant attention from top companies across various sectors. Following the recent elections, Nara Chandrababu Naidu, the Chief Minister and key figure behind Amaravati's vision, has resumed leadership with a renewed focus on shaping th

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is preparing to move into a new permanent residence in Amaravati. Currently residing at the Lingamaneni guest house in Karakatta, Undavalli, Naidu has now secured a plot of land in the Velagapudi area of the Amaravati Capital region for his official residence. The 5-acre plot, located near the Seed Access Road and within a two-kilometer radius of several key establishments like the temporary High Court, judges’ residence