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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 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
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
Chief Minister N. Chandrababu Naidu continues to strengthen his reputation as a development-oriented leader by aligning state priorities with national strategic interests. As part of the broader vision of progress and security, Andhra Pradesh is now set to host one of India’s most ambitious defense projects — a new naval base near Visakhapatnam that will house nuclear submarines and advanced warships. This major defense initiative is being developed under Project Varsha and is poi
Chief Minister N. Chandrababu Naidu continues to strengthen his reputation as a development-oriented leader by aligning state priorities with national strategic interests. As part of the broader vision of progress and security, Andhra Pradesh is now set to host one of India’s most ambitious defense projects — a new naval base near Visakhapatnam that will house nuclear submarines and advanced warships. This major defense initiative is being developed under Project Varsha and is poi
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,
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&
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&
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
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
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
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
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 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
In a significant development for the Visakhapatnam Steel Plant (Vizag Steel), the Union Government has announced a Rs 11,440 crore financial package to revive the struggling plant. This decision, approved by the Cabinet Committee on Economic Affairs (CCEA) under the leadership of Prime Minister Narendra Modi, marks a critical step towards revitalizing the steel plant that has been facing severe financial chal
In a significant development for the Visakhapatnam Steel Plant (Vizag Steel), the Union Government has announced a Rs 11,440 crore financial package to revive the struggling plant. This decision, approved by the Cabinet Committee on Economic Affairs (CCEA) under the leadership of Prime Minister Narendra Modi, marks a critical step towards revitalizing the steel plant that has been facing severe financial chal
The World Bank has approved a substantial USD 800 million loan for the Amaravati Integrated Urban Development Program, which will support the development of Andhra Pradesh's greenfield capital city, Amaravati. The loan, approved by the Board of Executive Directors of the World Bank, aims to establish Amaravati as a sustainable, climate-resilient urban center that will create economic opportunities and improve the lives of its residents. The project is set to focus on building the city as
The World Bank has approved a substantial USD 800 million loan for the Amaravati Integrated Urban Development Program, which will support the development of Andhra Pradesh's greenfield capital city, Amaravati. The loan, approved by the Board of Executive Directors of the World Bank, aims to establish Amaravati as a sustainable, climate-resilient urban center that will create economic opportunities and improve the lives of its residents. The project is set to focus on building the city as
The NDA-led government of Andhra Pradesh is making significant strides in inviting global investments to the state. A major milestone was reached today with the signing of a Memorandum of Understanding (MoU) between the government of Andhra Pradesh and Google, marking the beginning of a strong partnership.
The MoU focuses on establishing an AI Data Center in Vizag, which will be operated by Google Cloud. This confirms Google's entry into Andhra Pradesh as part of its tech expans
The NDA-led government of Andhra Pradesh is making significant strides in inviting global investments to the state. A major milestone was reached today with the signing of a Memorandum of Understanding (MoU) between the government of Andhra Pradesh and Google, marking the beginning of a strong partnership.
The MoU focuses on establishing an AI Data Center in Vizag, which will be operated by Google Cloud. This confirms Google's entry into Andhra Pradesh as part of its tech expans
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
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
Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is preparing to move into a new permanent residence in Amaravati. Currently residing at the Lingamaneni guest house in Karakatta, Undavalli, Naidu has now secured a plot of land in the Velagapudi area of the Amaravati Capital region for his official residence.
The 5-acre plot, located near the Seed Access Road and within a two-kilometer radius of several key establishments like the temporary High Court, judges’ residence
Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is preparing to move into a new permanent residence in Amaravati. Currently residing at the Lingamaneni guest house in Karakatta, Undavalli, Naidu has now secured a plot of land in the Velagapudi area of the Amaravati Capital region for his official residence.
The 5-acre plot, located near the Seed Access Road and within a two-kilometer radius of several key establishments like the temporary High Court, judges’ residence
In a recent initiative to transform Andhra Pradesh into a technology hub, Chief Minister N. Chandrababu Naidu introduced a comprehensive new IT policy designed to promote Deep-Tech and Artificial Intelligence. During a review meeting, Naidu revealed plans to build an iconic Deep-Technology structure in Amaravati, aimed at harnessing the latest advancements in technology. The state government also announced a seed funding scheme under the Start-Up Policy to support SCs, STs, BCs, minorities, a
In a recent initiative to transform Andhra Pradesh into a technology hub, Chief Minister N. Chandrababu Naidu introduced a comprehensive new IT policy designed to promote Deep-Tech and Artificial Intelligence. During a review meeting, Naidu revealed plans to build an iconic Deep-Technology structure in Amaravati, aimed at harnessing the latest advancements in technology. The state government also announced a seed funding scheme under the Start-Up Policy to support SCs, STs, BCs, minorities, a
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
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
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
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
The ambitious rebuilding of the Amaravati capital project has resumed after a five-year hiatus, fueled by the renewed leadership of Chandrababu Naidu under the NDA government. With significant financial backing, the project is set to gain momentum once again.
Chandrababu has successfully secured Rs 15,000 crore in financing through the World Bank and an additional Rs 11,000 crore from HUDCO. In a significant development, the deep-pocketed Adani Group has also come on board to bolste
The ambitious rebuilding of the Amaravati capital project has resumed after a five-year hiatus, fueled by the renewed leadership of Chandrababu Naidu under the NDA government. With significant financial backing, the project is set to gain momentum once again.
Chandrababu has successfully secured Rs 15,000 crore in financing through the World Bank and an additional Rs 11,000 crore from HUDCO. In a significant development, the deep-pocketed Adani Group has also come on board to bolste
Amaravati, the burgeoning capital city of Andhra Pradesh, is set to see significant development with the recent approval of a Rs 11,000 crore loan from the Housing and Urban Development Corporation (HUDCO). This financial assistance marks a crucial step toward realizing the city’s planned infrastructure as envisioned by both the public and government authorities.
The loan was sanctioned after a meeting in New Delhi between Municipal Administration and Urban Development (MAUD)
Amaravati, the burgeoning capital city of Andhra Pradesh, is set to see significant development with the recent approval of a Rs 11,000 crore loan from the Housing and Urban Development Corporation (HUDCO). This financial assistance marks a crucial step toward realizing the city’s planned infrastructure as envisioned by both the public and government authorities.
The loan was sanctioned after a meeting in New Delhi between Municipal Administration and Urban Development (MAUD)
In a significant move to encourage IT employees in Visakhapatnam, the Andhra Pradesh State Road Transport Corporation (APSRTC) has launched four new bus services to the Rushikonda IT Hills, allowing employees in the sector to travel free of charge.
The bus services were inaugurated by former minister and Bheemili MLA Ganta Srinivasa Rao, along with Visakhapatnam MP Sri Bharat, following a ceremonial puja at the Infosys premises.
Ganta Srinivasa Rao expressed optimism about
In a significant move to encourage IT employees in Visakhapatnam, the Andhra Pradesh State Road Transport Corporation (APSRTC) has launched four new bus services to the Rushikonda IT Hills, allowing employees in the sector to travel free of charge.
The bus services were inaugurated by former minister and Bheemili MLA Ganta Srinivasa Rao, along with Visakhapatnam MP Sri Bharat, following a ceremonial puja at the Infosys premises.
Ganta Srinivasa Rao expressed optimism about
