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&

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 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

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

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

Over the past five years, Andhra Pradesh has faced significant political turbulence, particularly concerning the state's capital. The YCP administration's sidelining of Amaravati and its controversial three capitals proposal led to widespread discontent, culminating in a dramatic reduction in YCP's legislative presence from 151 MLAs in 2019 to just 11 in 2024. With the TDP+ coalition returning to power, there was a renewed expectation for Amaravati to regain its status as the stat

Over the past five years, Amaravati's property market suffered significantly due to the YCP government's neglect of the capital region. Commercial and residential establishments saw a dramatic decline in value and market demand. However, with the return of the TDP+ government, signs of recovery are becoming apparent. Recent reports indicate a noticeable increase in demand for commercial spaces, as tech giants and other corporations begin to show interest in investing in Amaravati once

The ongoing controversy surrounding Andhra Pradesh's capital city continues as YS Jagan Mohan Reddy's government persists with the contentious plan to establish Visakhapatnam as the executive capital. This move came immediately after Reddy's administration took office in 2019 and has faced significant opposition and legal challenges. The original idea to decentralize governance by having three capitals was met with strong resistance from various regions, especially from Vizag, and