Club America and Cruz Azul, two of Mexico’s most decorated football clubs, faced off in a tightly contested Clasico Joven in the first leg of the 2025 Concacaf Champions Cup quarterfinals, resulting in a 0-0 draw. The match was held at Estadio Ciudad de los Deportes in Mexico City, bringing together the top two ranked teams in the Concacaf Club Rankings and setting the stage for an intense battle. Despite the lack of goals, the match was rich in drama and highlighted by t

As the new financial year commences on April 1, 2025, several significant income tax changes have officially come into effect, directly impacting salaried individuals, senior citizens, investors, and taxpayers across the country. Announced during Budget 2025, these updates aim to simplify compliance, improve transparency, and provide substantial relief to the middle class. From revised tax slabs to increased deduction limits and changes in TDS thresholds, here’s a complete breakdown of

In a move that has stirred significant concern among global policymakers, US President Donald Trump took aim at India’s high tariffs on American goods during a recent press conference. Speaking on the matter, Trump expressed frustration over the tariffs imposed on US agricultural products, specifically highlighting the fact that India has a 100% tariff on American agricultural goods. This, according to the President, makes it “virtually impossible” for American products to b

As the new financial year begins on April 1, 2025, taxpayers, investors, and banking customers in India must prepare for several important changes in financial regulations. These reforms, previously announced by the government and regulatory bodies, are aimed at improving compliance, digital security, and financial transparency. Here’s a simple breakdown of the key changes that come into effect starting April 1.   1. Higher Income Tax Exemption Limit

Kuala Lumpur, Malaysia — A massive explosion rocked the outskirts of Kuala Lumpur on Tuesday morning after a gas pipeline operated by Malaysia’s state energy company, Petronas, caught fire. The incident occurred near residential areas in Selangor state and has led to the evacuation of nearby homes as emergency services continue their efforts to control the blaze. According to fire officials, at least 33 people sustained injuries, with six requiring hospitalisation. No fatalities h

South Texas has faced a severe and historic weather event this week, as officials report record-breaking rainfall that caused significant flooding in multiple cities, including Harlingen, Alamo, and Weslaco. Harlingen, which received over 21 inches of rain, experienced the heaviest downpour on Thursday. This intense weather event prompted emergency rescues of more than 200 residents, with hundreds more still waiting for assistance. The storm’s impact was felt across the region, with aut

Buying a property in India can be challenging in itself, but when the seller is a non-resident Indian (NRI), the process becomes even more complex. While location, pricing, and negotiation remain critical, buyers must also navigate a web of tax compliance and documentation requirements. A single error in the transaction can result in steep penalties, especially when it comes to Tax Deducted at Source (TDS) under Section 195 of the Income Tax Act. Unlike typical real estate deals bet

The Kremlin stated on Wednesday that it would not activate the recently negotiated Black Sea maritime security agreement until a series of longstanding conditions—most of them tied to earlier unmet commitments—are fulfilled. This development comes in the wake of a US-led effort to bring about a ceasefire between Russia and Ukraine in the Black Sea and halt attacks on critical energy infrastructure. On Tuesday, the United States announced that it had reached separate agreements wit

In what appears to be a notable shift in the diplomatic tone between two of Asia’s largest economies, China and India are reportedly working on resuming direct flights that were halted five years ago due to the Covid-19 pandemic and subsequent border clashes. This development comes as both nations gear up to celebrate the 75th anniversary of their diplomatic relationship on April 1, 2025. Chinese Consul General in Kolkata, Xu Wei, confirmed in a press conference that negotiations are on

Exercise is crucial for maintaining good health, and for women, dedicating just 30 minutes daily to physical activity can provide remarkable benefits. According to the World Health Organisation (WHO), adults should aim for at least 150 minutes of moderate-intensity exercise weekly to reduce the risk of chronic diseases. For women, regular exercise is even more essential due to unique health challenges like hormonal fluctuations, bone density loss, and metabolic changes. Committing to a 30-day

Volkswagen is currently facing a major legal challenge in India after the Indian government refused to cancel a $1.4 billion tax bill imposed on the carmaker. The government argued in the Bombay High Court that overturning the tax demand would set a dangerous precedent, warning that such a move could have catastrophic consequences. Officials claimed that doing so might encourage other companies to withhold critical information and deliberately delay tax inquiries, ultimately exploiting legal

Kumar Mangalam Birla, the esteemed chairman of the Aditya Birla Group, has been recognized with the prestigious Business Icon of the Year Award at the Business Today - PwC India's Best CEO Awards. This recognition highlights his outstanding contribution to transforming the Indian conglomerate into a global business powerhouse with operations across 40 countries. After assuming leadership at just 28 following his father’s untimely demise in 1995, Kumar Mangalam Birla s

China has welcomed Prime Minister Narendra Modi’s recent remarks advocating dialogue over discord in India-China relations, calling them "positive" and a step toward strengthening diplomatic ties. Beijing emphasized that cooperation between the two Asian giants — likened to the 'Dragon-Elephant Dance' — is the most effective path to shared success. In a statement on Monday, Chinese Foreign Ministry spokesperson Mao Ning highlighted that both sides have acti

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

A suspect involved in the Amritsar temple blast was killed in a police encounter, while another suspect managed to escape, Punjab Police confirmed on Monday. The encounter took place after officers tracked down the accused in the Rajasansi area of Amritsar. The incident stems from the March 15 explosion outside the Thakur Dwara Temple in Amritsar, where an unidentified individual hurled an explosive device toward the temple premises. The blast caused damage to the temple’s wall and shat

The United States is set to impose reciprocal tariffs starting April 2, raising concerns about potential disruptions to Indian exports. While traders remain uneasy about the impact on export-driven sectors, a report by SBI Research suggests that India's economy is resilient enough to withstand these changes with minimal consequences. According to SBI Research, the newly imposed US tariffs are projected to result in only a 3-3.5% decline in Indian exports. Despite the tariff hike, India&rs

NASA has confirmed that astronauts Sunita Williams and Butch Wilmore, who have been stranded aboard the International Space Station (ISS) for over nine months, are finally set to return to Earth. The two astronauts initially embarked on a 10-day mission but remained in space far longer than planned due to propulsion malfunctions in their Boeing Starliner spacecraft. The much-anticipated return journey will now be carried out using the SpaceX Crew Dragon spacecraft, which successfully docked a

India has strongly rejected Pakistan's recent accusations of "sponsoring terrorism," following Islamabad's attempt to blame New Delhi for backing terror activities. The statement came in response to Pakistan's allegations linked to the recent Balochistan train attack, which claimed the lives of 21 passengers. However, Pakistan stopped short of directly linking India to the attack, instead shifting blame toward Afghanistan. In a firm response, Randhir Jaiswal, spokesperso

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

Starting April 1, 2025, taxpayers can begin filing their Income Tax Returns (ITR) for the Assessment Year (AY) 2025-26. Employers will provide Form 16 to salaried employees, which plays a crucial role in filing ITR by summarizing salary details, Tax Deducted at Source (TDS), and other tax-related information for the Financial Year (FY) 2024-25. Understanding Form 16, its contents, and its significance can help taxpayers ensure a smooth and error-free filing process.