Life Insurance Corporation of India (LIC) has requested the Reserve Bank of India (RBI) to introduce long-term government bonds, including 100-year bonds, to support their investment strategies for whole life insurance policies. This request was confirmed by Siddhartha Mohanty, Managing Director and Chief Executive of LIC, during an event in Mumbai. Speaking on the sidelines of the GCA25 conference, Mohanty explained that LIC’s investment portfolio heavily depends on long-term bonds to

Google is set to collaborate with Taiwan's MediaTek to develop the next generation of its Tensor Processing Units (TPUs), which are expected to launch next year. This strategic move signifies a shift in Google’s approach to AI chip development, although the tech giant will continue working with its current chip partner, Broadcom. According to a report by The Information, Google’s partnership with MediaTek is largely driven by cost efficiency and MediaTek’s stron

The Income Tax Department has issued a crucial reminder for taxpayers regarding the final instalment of advance tax for the financial year 2024-25. As per the official directive, taxpayers must clear their advance tax dues by March 15, 2025, to ensure compliance with Indian tax laws. Timely payment of advance tax not only prevents interest penalties but also contributes to the government's efforts towards economic growth, supporting the ‘Viksit Bharat Movement’ aimed at making

The excitement surrounding India's 2025 Champions Trophy victory continues to resonate with fans and players alike. Indian middle-order batter Shreyas Iyer shared his overwhelming emotions after helping India secure its third ICC 50-over trophy in history. India triumphed over New Zealand by four wickets in the final on Sunday, becoming the most successful team in the Champions Trophy's history. Reflecting on the victory, Iyer expressed his joy in a video shared by the Indian cricket

In a dramatic turn of events, the Andhra Pradesh MLC election witnessed what is now being described as one of the costliest nomination filings in the state's political history. This extraordinary development unfolded during the nomination process of BJP candidate Somu Veerraju, which involved multiple complications, last-minute approvals, and two special flights to ensure the documentation was completed before the deadline.   The Nomination Crisis

  A tragic shooting in Newark on Friday night left one police officer dead and another critically injured, sending shockwaves through the community and prompting a swift law enforcement response. The incident unfolded around 6:30 p.m. near the intersection of Carteret Street and Broadway, close to a White Castle restaurant, where officers encountered gunfire under circumstances that remain under investigation. Authorities have confirmed that three suspects were taken

Fixed deposits have long been considered a safe and reliable investment option in India, particularly among conservative investors. However, declining interest rates and rising inflation have made it increasingly difficult for FDs to offer returns that outpace the rising cost of living. With the Reserve Bank of India (RBI) reducing the repo rate, banks have responded by lowering FD rates, prompting investors to explore other options that provide higher returns while maintaining financial secu

Nine months after the formation of the NDA government in Andhra Pradesh, the state is showing a strong economic turnaround. The latest fiscal survey presented in the Assembly highlights that Andhra Pradesh has recorded a 12.94% growth in fiscal management, a clear indication of recovery from the previous administration’s economic downturn. The progress is primarily driven by agriculture, industrial development, and energy production, reflecting the effectiveness of new policies focused

Apple CEO Tim Cook has sparked excitement among tech enthusiasts with a cryptic teaser hinting at the launch of a new MacBook Air. In a post on X (formerly Twitter), Cook shared a short video with the phrase, “There’s something in the air,” along with the caption, “this week.” The phrase echoes Apple’s tagline from the launch of the first MacBook Air in 2008, strongly indicating that a refreshed MacBook Air is on the horizon.  

India continued its unbeaten run in the Champions Trophy 2025, securing a 44-run victory over New Zealand in a low-scoring thriller. With Varun Chakravarthy’s five-wicket haul leading the charge, India’s spinners showcased their strength, defending a total of 249/9. Despite a resilient innings by Kane Williamson, New Zealand struggled against India’s well-coordinated spin attack, failing to chase the target.The win marked India’s third consecutive victory in the league

Choosing the right tax regime is an important decision for taxpayers in India. The old and new tax regimes offer different benefits, and individuals must carefully analyze their financial situation before selecting the most suitable option. While salaried employees have the flexibility to switch every year, business professionals have a more restricted choice.The decision between the two regimes depends on factors such as tax-saving investments, exemptions, and deductions. Understanding these

  Fire Destroys Buildings on Vosseller Avenue, Causes Road Closures and Displaces Families A massive fire erupted on Vosseller Avenue late Friday morning, severely damaging multiple buildings and forcing the evacuation of several residents. The fire, which started around 10:30 a.m. between two structures, prompted an immediate emergency response as flames quickly spread.

The Union Budget 2025 has brought a major tax relief for the middle class, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to ₹12 lakh annually will have zero tax liability under the new tax regime. Additionally, salaried individuals can claim a standard deduction of ₹75,000, effectively making income up to ₹12.75 lakh tax-free. This move is aimed at simplifying tax compliance and increasing disposable income for millions of taxpayers.  

  An American Airlines flight en route from New York City to New Delhi experienced an unexpected diversion on Sunday afternoon when it landed at Rome’s Leonardo da Vinci International Airport following a security alert. The incident, which has since been labeled as a “non-credible” concern by the airline, underscores the rigorous protocols that govern air travel safety in today’s dynamic security environment. T

The Reserve Bank of India (RBI), in its latest bulletin released on February 19, stated that the tax cuts in the Union Budget 2025, along with moderating inflation, are expected to provide financial relief to the middle class and boost overall household spending. This announcement comes after the February Monetary Policy Committee (MPC) meeting, where the newly appointed RBI Governor, Sanjay Malhotra, emphasized the positive economic impact of the tax relief measur

  A powerful gas explosion rocked a multi-use building in Perth Amboy, New Jersey, on Thursday afternoon, leaving one person injured and several others displaced. The blast, which occurred at a juice bar located at 232 Hall Avenue, sent debris flying, shattered windows, and ignited a fire within the establishment. Emergency responders quickly arrived at the scene to control the fire and secure the area.

Former Andhra Pradesh Chief Minister and YSRCP leader YS Jagan Mohan Reddy’s visit to Guntur Mirchi Yard has stirred a political debate, with accusations of violating the election code ahead of the MLC elections. The Election Commission had reportedly denied permission for the interaction, but Jagan and his party leaders proceeded with the visit, drawing attention to what they claim is the AP government’s failure to ensure fair prices for chilli farmers.Jagan, accompanied by a l

Babar Azam, the Pakistan cricket team captain, has achieved a significant milestone during the final of the ODI tri-series against New Zealand at the National Stadium on Friday. He became the joint-fastest batter to reach 6,000 runs in One Day Internationals (ODIs), matching the record set by South African legend Hashim Amla, who also reached the mark in 123 innings.Babar’s achievement not only made him the joint-fastest to this landmark, but he also became the fastest Asian batter to s

On Monday, the Germany Women’s Hockey Team arrived at Biju Patnaik International Airport in Bhubaneswar, India, for their upcoming FIH Hockey Pro League 2024/25 matches. The team, led by co-captains Linnea Wiedemann and Sarah Strauss, will face Spain on February 15 and 16, followed by a crucial matchup against hosts India on February 21 and 22 at the Kalinga Stadium. After finishing as runners-up in last season’s Pro League behind the Netherlands, Germany has struggled for form th

Indian stock markets experienced a significant fall in early trade on Monday, even though the Reserve Bank of India (RBI) announced a rate cut and the Bharatiya Janata Party (BJP) emerged victorious in the Delhi Assembly elections. The benchmark indices opened lower and continued to decline amid growing selling pressure. The BSE Sensex lost over 600 points, while the NSE Nifty dropped nearly 200 points.   The Sensex hit a low of 77,189.04, down from the previous session&