In a major development that blends star power with football management, Luka Modric, the legendary Real Madrid and Croatia midfielder, has officially joined Swansea City AFC as an investor and co-owner, the Championship club confirmed on Monday. At 39, Modric remains an active player for Real Madrid, with a glittering career spanning over a decade in Spain. During his time at the Bernabéu, he has helped the Spanish giants secure six UEFA Champions League titles, solidifying his legacy

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 yet another setback to India’s rapidly growing digital economy, UPI (Unified Payments Interface) services across the country suffered a major disruption on Saturday morning. This marks the third significant outage in less than a month, severely impacting users and businesses who rely on the platform for quick and seamless financial transactions. Saturday’s outage left countless users stranded, unable to send or receive money through popular UPI-enabled apps such

In a high-stakes logistics maneuver that has grabbed the attention of global tech and trade watchers, Apple has reportedly shipped a significant consignment of iPhones from India to the United States in a matter of days, ahead of a new import tariff deadline imposed under President Donald Trump’s trade policy. According to multiple sources close to the operation, the tech giant arranged for as many as five aircraft to carry the devices across continents, with the aim of bypassing a

In a move that offers much-needed relief to Public Provident Fund (PPF) account holders across India, Finance Minister Nirmala Sitharaman has officially announced that individuals will no longer have to pay any fees to add, update, or remove nominee details in their PPF accounts. The announcement was made via a post on social media platform X and follows a recent government notification that amends the applicable savings rules. Through Gazette Notification 02/4/25, changes have been introduce

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

The Social Security Administration (SSA) has officially released the payment schedule for April 2025, providing valuable information to millions of beneficiaries across the United States. After a unique February that featured an early double-payment for Supplemental Security Income (SSI) recipients, April returns to the regular cadence of benefit distribution. With the SSA’s clear structure, Americans receiving Social Security or SSI can now better plan their monthly finances. However,

This month, the announcement of sweeping 25% tariffs on cars “not made in the U.S.” has sent ripples through the global automotive industry, especially affecting Asian car manufacturers. U.S. President Donald Trump’s decision has put significant pressure on automakers ahead of the implementation of the new duties, which are set to take effect later this week. The move has particularly shaken Japanese and South Korean carmakers, many of whom rely heavily on the U.S. market. S

The stock market suffered a sharp sell-off on Friday as fears over inflation, declining consumer confidence, and doubts about artificial intelligence investments combined to push major indexes lower. The S&P 500 dropped 2%, making it the second-worst trading day of 2025 for the broad-based index, while the Nasdaq Composite tumbled 2.7%, breaching its lowest point for the year. The Dow Jones Industrial Average also slumped, losing 1.7% as investors reacted to concerning economic signals.

Health insurance is meant to be a safety net—helping individuals manage healthcare costs without financial stress. However, for many, that reassurance is shattered during claim time when their applications are denied. These rejections can leave policyholders not only frustrated but also suspicious about their insurer’s intentions. While some rejections are justified, many arise from avoidable mistakes that occur during policy purchase or while filing a claim. Understanding these e

Ensuring financial security for children is one of the primary concerns for parents. Whether planning for education, marriage, or other major milestones, choosing the right investment plan can make a significant difference. While traditional government-backed schemes like Sukanya Samriddhi Yojana (SSY) are widely known, financial experts are now highlighting the potential of Children's Mutual Funds as a flexible and high-return alternative.   Understanding Su

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

The Central Pension Accounting Office (CPAO) has issued fresh guidelines to streamline the pension disbursement process for retirees under the National Pension System (NPS). The new instructions aim to ensure that pensioners receive their dues on time without unnecessary delays. In a memo dated March 12, 2025, the CPAO emphasized the need to follow the same procedural framework as the Old Pension Scheme (OPS) to avoid errors. The CPAO’s latest reminder follows an earlier directive issue

Millions of women worldwide face significant financial disparities compared to men, accumulating to hundreds of thousands of pounds less in lifetime earnings. This financial gap begins early in life and persists into retirement. Understanding these challenges and taking proactive steps can help close the wealth gap for future generations.   Childhood: The Starting Point of the Wealth Gap Research by Starling Bank shows that parents give boys

Post Office Savings Schemes remain one of the most trusted investment options in India, offering secure returns backed by the government. Many of these schemes not only provide financial security but also offer tax benefits under Section 80C of the Income Tax Act, 1961. Investors can claim a tax deduction of up to ₹1.5 lakh per financial year when investing in these schemes, making them an attractive option for tax planning.However, these deductions are applicable only under the old tax reg

FIFA has announced that the total prize money for the 2025 Club World Cup in the United States will be a staggering $1 billion. The upcoming edition, which features an expanded 32-team format and will take place from June 14 to July 13, is set to be the biggest club competition in history.This prize money is significantly higher than what was awarded for the 2022 FIFA Men’s World Cup in Qatar ($440 million) and the 2023 FIFA Women’s World Cup in Australia and New Zealand ($

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

Manchester United’s turbulent season took another hit as they suffered a 4-3 penalty shootout defeat to Fulham in the FA Cup fifth round at Old Trafford. The defending champions were unable to progress despite a 1-1 draw after extra time, as Fulham goalkeeper Bernd Leno emerged as the hero in the shootout, saving crucial penalties from Victor Lindelof and Joshua Zirkzee.The loss means United will not return to Wembley this season, ending their hopes of defending the FA Cup title they wo

FIFA, the world governing body of football, has officially lifted its suspension on the Pakistan Football Federation (PFF) after the necessary constitutional reforms were approved. The decision comes after PFF Congress members reached a consensus last Thursday to amend the constitution as required by FIFA, ensuring smooth governance and compliance with international football regulations.The suspension, which had been in effect since February 5, 2025, was imposed after the PFF failed to implem

Fenerbahce head coach Jose Mourinho has been handed a four-match suspension and fined €42,000 by the Turkish Football Federation (TFF) for his controversial remarks following a heated Istanbul derby against Galatasaray. The decision, announced on Thursday, penalizes Mourinho for comments deemed unethical and unsportsmanlike after his team played to a 0-0 draw in the high-stakes Turkish Super Lig clash on Monday.The suspension comes as Fenerbahce trails Galatasaray by six points in the le