If you retired from Central Government service on or before March 31, 2025, or are the legally wedded spouse of such a retiree, you may be eligible for significant financial benefits under the recently launched Unified Pension Scheme (UPS). The deadline to claim these benefits is June 30, 2025, as announced by the National Pension System (NPS) Trust. Launched on April 1, 2025, the UPS is designed to supplement the pension income of retired Central Government employees and their spou

For decades, owning a house was seen as a proud achievement in Indian households symbolic of success, stability, and adulthood. Parents often pushed their children to buy homes early, even if it meant burdening themselves with heavy EMIs. But in 2025, the mindset of India’s younger generation is shifting. With rising property prices, changing work patterns, and a desire for lifestyle freedom, more and more young Indians are opting to rent rather than buy. The traditional belie

Federal authorities have arrested Kenneth Mattson, a 63-year-old real estate investor from Sonoma and former owner of a specialty car consignment shop in downtown Pleasanton, on charges related to a $28 million Ponzi scheme that allegedly spanned over a decade. The U.S. Department of Justice (DOJ) revealed that Mattson is facing a nine-count indictment for wire fraud, money laundering, and obstruction of justice, unsealed this Thursday. Mattson, known locally for operating the now-d

The Middle East is rapidly positioning itself as a significant force in global technology, with countries like Saudi Arabia, the United Arab Emirates, and Qatar taking bold steps to attract international tech investors and build local capacity. These nations are not only signing multibillion-dollar deals but also enacting legal reforms, fostering startup ecosystems, and constructing the infrastructure needed to support advanced artificial intelligence systems and cloud-based technologies. Thi

In yet another shocking case of financial fraud in the UAE, Gulf First Commercial Brokers, a Dubai-based brokerage firm, has reportedly shut down overnight, leaving behind empty offices and millions of dirhams in vanished investor funds. Many of the victims, including Indian expats, are now demanding answers after being lured into the scheme through aggressive cold-calling and promises of secure returns on forex investments. The firm operated from two office spaces in Capital Golden

Choosing the right investment vehicle for long-term wealth creation is a crucial step for financial planning. Among the most common options available to Indian investors are ULIPs (Unit Linked Insurance Plans), mutual funds, and direct investment in stocks. Each of these instruments offers a different mix of risk, return, flexibility, and cost. Understanding their core differences can help individuals make better investment decisions aligned with their goals and risk appetite.

President Donald Trump on Wednesday hosted top global business executives at the White House for the “Investing in America” event, where he revealed over $2 trillion in new investment commitments aimed at strengthening U.S. manufacturing, infrastructure, and artificial intelligence leadership. Speaking in front of industry leaders from companies including Nvidia, SoftBank, GE Aerospace, Oracle, and OpenAI, Trump framed the gathering as a milestone in what he described as the most

Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P

The City of Houston spent $180 million from its general fund on purchasing goods and services during the fiscal year ending June 30, 2024, according to newly released public financial records. Overseeing that massive flow of public funds was the Strategic Procurement Division of the Finance Department, which itself cost about $9.5 million to operate last year. City officials emphasize that purchasing within a government body like Houston is far different from everyday consumer spending. Unlik

A trip to Chicago ended with far more than sightseeing and selfies for one lucky tourist who now returns home $3.1 million richer. The unexpected windfall came courtesy of the Illinois Lottery’s FastPlay Ultimate Diamond Jackpot game, with the winning ticket purchased at Komal Wine and Liquors near O’Hare International Airport. The winner, who has chosen to remain anonymous, snagged a $3,188,104 jackpot while enjoying a visit to one of America’s most iconic cities.

RPG Group Chairman Harsh Goenka, known for his witty and thought-provoking social media posts, has once again struck a chord with netizens. This time, he took to X (formerly Twitter) to share a humorous yet insightful comparison between material purchases and long-term investments particularly gold. Using real-life anecdotes involving his wife, Mr Goenka cleverly highlighted how investing in gold has proven to be far more valuable over the years than spending on depreciating assets like cars,

If you're wondering whether to invest in gold or mutual funds this year, you're not alone. With rising market uncertainty, inflation concerns, and global geopolitical tensions, investors are reevaluating traditional assets. Gold and mutual funds have long stood as two prominent options for Indian investors. While both offer potential returns, they cater to different investment styles, goals, and risk appetites. Financial experts suggest that a well-balanced investment portfolio, tailo

  India's organic food exports have witnessed a significant surge, registering a 35% increase to reach $665.96 million (approximately ₹5,700 crore) in the financial year ending March 31, 2025. This growth underscores the rising global demand for Indian organic products and the country's expanding footprint in the organic food sector. In terms of volume, exports grew by 41%, totaling 0.37 million tonnes in 2024-25, up from 0.26 million tonnes in the previous fiscal year. The

The Enforcement Directorate (ED) has formally filed a chargesheet against senior Congress leaders Sonia Gandhi and Rahul Gandhi in connection with its ongoing money laundering investigation into the National Herald case. This marks the first time that both leaders have been officially charged in this high-profile case, which has been under scrutiny for several years. The chargesheet, submitted to a special court in Delhi on April 9, 2025, also names five other individuals, including Indian Overs

In a major development that blends star power with football management, Luka Modric, the legendary Real Madrid and Croatia midfielder, has officially joined Swansea City AFC as an investor and co-owner, the Championship club confirmed on Monday. At 39, Modric remains an active player for Real Madrid, with a glittering career spanning over a decade in Spain. During his time at the Bernabéu, he has helped the Spanish giants secure six UEFA Champions League titles, solidifying his legacy

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

In yet another setback to India’s rapidly growing digital economy, UPI (Unified Payments Interface) services across the country suffered a major disruption on Saturday morning. This marks the third significant outage in less than a month, severely impacting users and businesses who rely on the platform for quick and seamless financial transactions. Saturday’s outage left countless users stranded, unable to send or receive money through popular UPI-enabled apps such

In a significant show of confidence, BlackRock, the world’s largest asset management firm, has emerged as the biggest investor in the Adani Group’s $750 million private bond issuance, taking on approximately one-third of the allocation. The investment, made through a private placement with a 3–5 year tenure, marks BlackRock’s debut in India's infrastructure-focused private bond space. Sources with direct knowledge revealed that BlackRock’s participation in th

In a high-stakes logistics maneuver that has grabbed the attention of global tech and trade watchers, Apple has reportedly shipped a significant consignment of iPhones from India to the United States in a matter of days, ahead of a new import tariff deadline imposed under President Donald Trump’s trade policy. According to multiple sources close to the operation, the tech giant arranged for as many as five aircraft to carry the devices across continents, with the aim of bypassing a

In a move that offers much-needed relief to Public Provident Fund (PPF) account holders across India, Finance Minister Nirmala Sitharaman has officially announced that individuals will no longer have to pay any fees to add, update, or remove nominee details in their PPF accounts. The announcement was made via a post on social media platform X and follows a recent government notification that amends the applicable savings rules. Through Gazette Notification 02/4/25, changes have been introduce