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

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

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&

Baidu has unveiled two powerful new artificial intelligence (AI) models — Ernie 4.5 and Ernie X1 — marking a significant advancement in the company's AI capabilities. While Ernie 4.5 is the latest foundation model designed to excel in multimodal understanding, Ernie X1 is Baidu’s first “deep-thinking” AI model focused on complex reasoning and logic. The company has also announced that its popular chatbot platform, Ernie Bot, will now be free to access without

Sourav Ganguly, former Indian cricket team captain, grabbed headlines with his surprise role as a cop in the promotional video for Netflix’s web series 'Khakee: The Bengal Chapter'. In the recently released promo, Ganguly appears in a police uniform, acting out various scenes under the director’s guidance. In one standout moment, when asked by the director to display aggression, Ganguly recalls his infamous history with former India coach Greg Chappell — a reference

Axar Patel is reportedly set to take over as the captain of Delhi Capitals (DC) for the upcoming 2025 Indian Premier League (IPL) season. This significant decision follows Axar’s remarkable performance in India's 2025 Champions Trophy triumph, where his all-round skills played a pivotal role in securing the prestigious title. Axar Patel stepped in as DC’s captain during IPL 2024 when Rishabh Pant was suspended for one match due to an over-rate offence. Now, with the franchise

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

Kolkata Knight Riders (KKR) have officially announced Ajinkya Rahane as their captain and Venkatesh Iyer as vice-captain for the IPL 2025 season. The decision comes as KKR gears up to defend their title and aims to build on their success from the previous season.KKR CEO Venky Mysore expressed confidence in the leadership duo, highlighting Rahane’s experience and composure and Iyer’s long-standing association with the franchise."We are delighted to have Ajinkya Rahane lead

The Indian stock market is going through one of its worst phases in nearly three decades, with the Nifty 50 slipping 15% from its September peak. This marks its longest losing streak in 29 years, causing investor wealth to shrink by more than ₹90 lakh crore. On Friday, Nifty lost over 400 points, and the Sensex plunged by 1,400 points, sending shockwaves through Dalal Street.Investors are increasingly concerned about foreign institutional investor (FII) outflows, small- and mid-cap stock de

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

The captains' meet ahead of the Champions Trophy 2025, which was to bring together the leading figures of all participating teams, has been called off. According to reports from Cricket Pakistan, the cancellation came after the delayed arrival of several teams, including England and Australia, who are now expected to reach Pakistan later than originally planned. England is due to arrive in Lahore on February 18, and Australia will follow a day later, making the captains' meet logistic

Rishabh Pant Appointed Captain of LSG for IPL 2025 Indian cricket team wicket-keeper Rishabh Pant has been named the captain of Lucknow Super Giants (LSG) for the upcoming IPL 2025 season. Pant, who was previously the captain of Delhi Capitals (DC), was bought by LSG for a record-breaking Rs 27 crore in the IPL 2025 auction. The decision came after a bidding war between LSG and DC, with LSG winning the deal. Pant’s IPL Journey and Record Auction

Antony Vo, a 32-year-old man from Indiana who participated in the January 6 Capitol assault, was arrested in Whistler, British Columbia, on the four-year anniversary of the attack. Vo had been sentenced to nine months in prison for his involvement in the 2021 attack but fled to Canada before he was due to report to a US federal prison in June 2024. Vo admitted he sought refuge in Canada in hopes of receiving a pardon from President-elect Donald Trump upon his return to office. The Canada Bord

Outgoing U.S. President Joe Biden has condemned ongoing efforts to minimize the significance of the January 6, 2021, Capitol attack, where a mob of Donald Trump supporters stormed the U.S. Capitol in an attempt to block the certification of the 2020 election. In an opinion piece published in The Washington Post, Biden recalled the violent insurrection that led to chaos at the Capitol, contrasting it with the upcoming peaceful certification of the election results. Biden expressed pr

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

Indian wicket-keeper batter Rishabh Pant has denied speculation that his departure from Delhi Capitals (DC) ahead of the IPL 2025 auction was due to a disagreement over his retention fee. The clarification came after Indian batting legend Sunil Gavaskar suggested that top players, like Pant, sometimes leave their franchises to assess their true market value in the IPL auction, particularly when there are talks about retention fees. In a video shared by Star Sports before the IPL 202

Jakson Green, a leader in energy transition, has successfully synthesized methanol from carbon dioxide (CO2) emissions at NTPC’s Vindhyachal Thermal Power Plant, marking the first-ever instance of such a process in the world. The innovation captures CO2 directly from the plant's flue gases and converts it into methanol, a cleaner alternative fuel. This process could significantly impact industries like power generation and transportation by providing a more sustainable fuel option.

In the 2024 Andhra Pradesh state budget, the NDA-led government has allocated Rs 3445 crore for the development of Amaravati, the state's proposed capital. This marks a significant boost for the capital region, signaling a renewed commitment to its growth and infrastructure development. The Rs 3445 crore allocation includes: Rs 3000 crore for the development of basic social infrastructure in Amaravati, focusing on essential services and urban d