For many young people, managing bills and budgets can leave very little room for savings, but even small investments in tax-free schemes can significantly contribute to building a secure financial future. These investments act as a foundation for a solid tax strategy, offering benefits under the old tax regime with annual investment limits. Section 80C Under Section 80C of the Income Tax Act, you can invest in options like the Public Provident

The Election Commission of India has announced the schedule for the Delhi Assembly elections, set for February 5, 2025, with votes being counted on February 8. Over 1.55 crore voters in the national capital will participate in the election to choose members of the 8th Delhi Assembly. A total of 13,033 polling stations will be set up across 70 constituencies, 12 of which are reserved. The Election Commission revealed that polling will take place in a single phase, with the last date

Thai Prime Minister Declares £324m in Assets, Including 217 Designer Handbags   Thailand's Prime Minister, Paetongtarn Shinawatra, has declared a staggering £324 million in assets, including a collection of 217 designer handbags and 75 luxury watches. The declaration was made to the National Anti-Corruption Commission (NACC), a requirement for public officials i

Will Budget 2025 Simplify Tax Compliance for Property Transactions with NRIs? As property transactions involving Non-Resident Indians (NRIs) continue to rise, homebuyers face significant challenges with tax compliance. Purchasing real estate from an NRI seller requires buyers to navigate complex rules, from tax withholding to administrative filings. Could Budget 2025 address these issues and make the p

Alibaba’s Qwen research team has introduced a new experimental open-source AI model, the QVQ-72B, designed to handle both vision-based analysis and advanced reasoning tasks. The model combines the abilities of analyzing visual information from images and answering complex queries through reasoning-focused techniques. According to internal benchmarks, QVQ-72B surpassed OpenAI’s o1 model on the MathVista (mini) benchmark, scoring 71.4% compared to o1’s 71.0%. The mod

Infosys Ltd. has launched its new state-of-the-art development centre in Kolkata, West Bengal, marking a significant milestone in the company's expansion and commitment to innovation in the region. The 320,000 sq. ft. facility, built with an investment of over Rs 426 crore, will host over 4,000 employees who will work on cutting-edge technologies such as cloud computing, artificial intelligence (AI), and digital transformation. This centre will cater to a variety of industries, including

India’s economy has consistently been a focal point for Non-Resident Indians (NRIs) seeking long-term investment opportunities. With its rapid economic growth, demographic dividend, and government reforms, India offers several promising sectors for NRIs to invest in. Himanshu Kohli, an expert in wealth management, highlights the top four sectors that provide significant potential for long-term returns. 1. Real Estate The Indian real estate m

The International Cricket Council (ICC) is set to finalize the hybrid model for the 2025 Champions Trophy during a virtual meeting with Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi. Under this model, India and Pakistan will not travel to each other's countries for ICC events. The 2025 Champions Trophy, scheduled from February 19 to March 9, will be played in Dubai, with eight teams divided into two groups. The top two teams from each group will advance to the semifinals. T

India has achieved a major milestone by surpassing $1 trillion in Foreign Direct Investment (FDI) since the turn of the century. Latest data from the Department for Promotion of Industry and Internal Trade (DPIIT) reveals that from April 2000 to September 2024, India attracted a total of $1,033.40 billion in FDI. This surge underscores India’s growing appeal as a global investment hub. Significant contributions have come from countries like Mauritius (25%), Singapore (24%), an

The 2025 ICC Champions Trophy is currently in turmoil due to the ongoing standoff between India and Pakistan. The Board of Control for Cricket in India (BCCI) has firmly stated that it will not send its team to Pakistan, citing security concerns and political issues. In response, the Pakistan Cricket Board (PCB) has threatened to boycott future ICC events if India does not agree to the proposed hybrid model, where India’s matches are played in Dubai, while the rest of the tournament tak

In a major boost to Rajasthan's economic prospects, the Adani Group has pledged to invest Rs 7.5 lakh crore in the state over the next five years. This massive investment will fund key infrastructure projects, including the creation of four new cement plants and the establishment of a world-leading green energy ecosystem. Karan Adani, CEO of Adani Ports, shared these details at the 'Rising Rajasthan' Investor Summit 2024, where he highlighted the ambitious plans to build the world

The International Cricket Council (ICC) has finalized a hybrid model for next year's Champions Trophy, allowing India to play its matches in Dubai, while Pakistan will co-host the event in the UAE. The decision, reached after informal discussions between ICC President Jay Shah and the Board of Directors, including Pakistan's representatives, is a major step toward resolving venue concerns in international cricket. The 2025 Champions Trophy will be held in the UAE and Pakistan, with In

The National Pension Scheme (NPS) Vatsalya, launched on September 18, 2023, has seen a positive response from Indian parents looking to invest in their children's future. As of November 17, 2023, the scheme has attracted 66,495 subscribers, with Maharashtra leading the pack with 9,219 accounts. Andhra Pradesh and Karnataka follow closely with over 6,500 subscribers each. In total, 18 states have seen over 1,000 accounts opened, demonstrating the scheme’s growing appeal. Th

The Pakistan Cricket Board (PCB) has informed the International Cricket Council (ICC) that it will not accept the Hybrid Model for the upcoming Champions Trophy, a format that would involve some games being played in India and others in Pakistan. The ICC convened a virtual meeting with executive members to address the scheduling dilemma after India refused to send its team across the border. The PCB has been firm in its opposition to the Hybrid Model, arguing that it would give preferential t

The State of Sustainability Readiness Report 2024 by IBM reveals a strong trend among Indian business leaders to significantly increase investments in IT for sustainability over the next 12 months. With 98% of respondents planning to expand their IT budgets, Indian executives view sustainability as essential for driving environmental responsibility, long-term business resilience, and improving brand reputation. The report highlights AI's transformative potential in helping busine

The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998. The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to

Andhra Pradesh’s IT and Education Minister, Nara Lokesh, has announced an ambitious vision to create a distinctive "Andhra Pradesh model" of education, which he claims will surpass the existing educational frameworks of Delhi and Kerala. His reforms aim to bring revolutionary changes to the state's education system, spanning from KG to PG levels, with a focus on quality and holistic development. Lokesh emphasized that his approach would break awa

Tesla Inc. regained a market capitalization of $1 trillion on Friday after its shares surged by 26.1% throughout the week. This surge in stock price was driven by investor optimism surrounding President-elect Donald Trump’s recent electoral victory and the potential benefits of his return to the White House for Tesla’s future growth. The company had previously crossed the $1 trillion market cap in October 2021, December 2021, and March 2022, but it had been a while since it reache

That Andhra Pradesh state IT and education minister Nara Lokesh is gradually emerging as the heir apparent of his father and chief minister N Chandrababu Naidu is being established gradually in the TDP and also the government. The way the TDP ranks have been calling Lokesh the future chief minister of Andhra Pradesh on social media and the state government carrying his picture on the front page advertisements of the official programmes along with his father clearly indicated that Lokesh is em

Nara Lokesh, the scion of the Telugu Desam Party (TDP), is currently on an extended trip to the USA, where he is actively engaging with global tech giants to attract investments to Andhra Pradesh. One of the highlights of his visit occurred in Atlanta, where he unveiled a statue of the legendary Sr NTR, commissioned by the NRI TDP workers. The unveiling ceremony was a grand affair, marked by a unique spectacle of flower petals showered from a helicopter, adding a festive atmosphere