Saudi Crown Prince Announces $600 Billion Investment in the U.S. Crown Prince Mohammed bin Salman of Saudi Arabia has announced a staggering $600 billion investment plan in the United States over the next four years. This revelation was made during a phone call with President Donald Trump, as reported by the state-run Saudi Press Agency (SPA) early Thursday. The announcement signals a major step

In a significant operation, 14 Maoists were killed in an encounter with security forces in Chhattisgarh's Gariaband district. The operation, which took place late Monday night into Tuesday morning, resulted in the death of Chalpati, a senior Maoist leader with a Rs 1 crore bounty on his head. The encounter occurred in the Kularighat reserve forest, located along the Chhattisgarh-Odisha border, just 5 km from Odisha's Nuapada district. A joint team of security forces, includi

Waaree Energies Solar Module Supply Contract Waaree Energies Ltd. announced receiving a letter of award for supplying solar PV modules with a total capacity of 180 megawatt peak. The modules will be provided to a renowned customer in the renewable energy sector, specifically for the development and operation of renewable power projects in India. The supply is expected to start in the financial year 2025–26. Acquisition of Enel Green Power India

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is gearing up for his highly anticipated trip to Switzerland to participate in the prestigious World Economic Forum (WEF) Summit in Davos. This business-focused event is seen as an excellent opportunity to attract significant investments to the state. In a strategic move ahead of his trip, Naidu has successfully poached a key investment body executive from the neighbori

For many young people, managing bills and budgets can leave very little room for savings, but even small investments in tax-free schemes can significantly contribute to building a secure financial future. These investments act as a foundation for a solid tax strategy, offering benefits under the old tax regime with annual investment limits. Section 80C Under Section 80C of the Income Tax Act, you can invest in options like the Public Provident

Thai Prime Minister Declares £324m in Assets, Including 217 Designer Handbags   Thailand's Prime Minister, Paetongtarn Shinawatra, has declared a staggering £324 million in assets, including a collection of 217 designer handbags and 75 luxury watches. The declaration was made to the National Anti-Corruption Commission (NACC), a requirement for public officials i

Will Budget 2025 Simplify Tax Compliance for Property Transactions with NRIs? As property transactions involving Non-Resident Indians (NRIs) continue to rise, homebuyers face significant challenges with tax compliance. Purchasing real estate from an NRI seller requires buyers to navigate complex rules, from tax withholding to administrative filings. Could Budget 2025 address these issues and make the p

Hari Babu Kambhampati was sworn in as the 27th Governor of Odisha in a formal ceremony at Raj Bhavan, Bhubaneswar, on Friday. The oath of office was administered by Orissa High Court Chief Justice Chakradhari Sharan Singh, with Chief Minister Mohan Charan Majhi, Leader of Opposition Naveen Patnaik, and other notable dignitaries in attendance. Kambhampati succeeded Raghubar Das, who recently resigned from the post. Before the ceremony, Kambhampati arrived in Bhubaneswar on Thursday a

India’s economy has consistently been a focal point for Non-Resident Indians (NRIs) seeking long-term investment opportunities. With its rapid economic growth, demographic dividend, and government reforms, India offers several promising sectors for NRIs to invest in. Himanshu Kohli, an expert in wealth management, highlights the top four sectors that provide significant potential for long-term returns. 1. Real Estate The Indian real estate m

A tragic incident occurred in Odisha's Mayurbhanj district when a Class 10 student, Sukhdev Munda, died after allegedly being administered a wrong injection at a local pharmacy. Sukhdev, who was suffering from a skin infection, was taken to Sarbeswar Medicines pharmacy in Saharpada Market by his father for treatment. The pharmacist assured them that an injection would provide quick relief. However, shortly after receiving the injection, Sukhdev's condition deteriorated, and he passed

India has achieved a major milestone by surpassing $1 trillion in Foreign Direct Investment (FDI) since the turn of the century. Latest data from the Department for Promotion of Industry and Internal Trade (DPIIT) reveals that from April 2000 to September 2024, India attracted a total of $1,033.40 billion in FDI. This surge underscores India’s growing appeal as a global investment hub. Significant contributions have come from countries like Mauritius (25%), Singapore (24%), an

In a remarkable use of AI technology for wildlife conservation, a small herd of elephants, including two adults and a calf, was saved from a potential train collision in Odisha's Rourkela district. As the elephants approached the railway tracks, an AI-powered camera system, installed by the forest department, detected their movement and sent an immediate alert to the control room. The quick response from the control room led to the timely stopping of the oncoming train, preventi

In a major boost to Rajasthan's economic prospects, the Adani Group has pledged to invest Rs 7.5 lakh crore in the state over the next five years. This massive investment will fund key infrastructure projects, including the creation of four new cement plants and the establishment of a world-leading green energy ecosystem. Karan Adani, CEO of Adani Ports, shared these details at the 'Rising Rajasthan' Investor Summit 2024, where he highlighted the ambitious plans to build the world

The National Pension Scheme (NPS) Vatsalya, launched on September 18, 2023, has seen a positive response from Indian parents looking to invest in their children's future. As of November 17, 2023, the scheme has attracted 66,495 subscribers, with Maharashtra leading the pack with 9,219 accounts. Andhra Pradesh and Karnataka follow closely with over 6,500 subscribers each. In total, 18 states have seen over 1,000 accounts opened, demonstrating the scheme’s growing appeal. Th

The State of Sustainability Readiness Report 2024 by IBM reveals a strong trend among Indian business leaders to significantly increase investments in IT for sustainability over the next 12 months. With 98% of respondents planning to expand their IT budgets, Indian executives view sustainability as essential for driving environmental responsibility, long-term business resilience, and improving brand reputation. The report highlights AI's transformative potential in helping busine

The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998. The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to

That Andhra Pradesh state IT and education minister Nara Lokesh is gradually emerging as the heir apparent of his father and chief minister N Chandrababu Naidu is being established gradually in the TDP and also the government. The way the TDP ranks have been calling Lokesh the future chief minister of Andhra Pradesh on social media and the state government carrying his picture on the front page advertisements of the official programmes along with his father clearly indicated that Lokesh is em

Nara Lokesh, the scion of the Telugu Desam Party (TDP), is currently on an extended trip to the USA, where he is actively engaging with global tech giants to attract investments to Andhra Pradesh. One of the highlights of his visit occurred in Atlanta, where he unveiled a statue of the legendary Sr NTR, commissioned by the NRI TDP workers. The unveiling ceremony was a grand affair, marked by a unique spectacle of flower petals showered from a helicopter, adding a festive atmosphere

Following former Infosys CFO Mohandas Pai's criticisms of Karnataka Chief Minister Siddaramaiah and Deputy CM DK Shivakumar, Andhra Pradesh minister Nara Lokesh has extended an invitation to multinational companies (MNCs) to consider investing in the state. Lokesh emphasized that under Chief Minister N. Chandrababu Naidu's leadership, Andhra Pradesh is implementing business-friendly policies that could make it a prime destination for investments as Bengaluru faces growing challenges i

The mutual fund industry in India reported net outflows of ₹71,114.08 crore for September 2024, as per the latest data from the Association of Mutual Funds in India (AMFI). This decline follows a staggering 42.8% drop in August, where cumulative inflows into mutual funds were recorded at ₹1.08 lakh crore. Equity mutual funds saw a decline in inflows by 9.9% in September, totaling ₹34,419.26 crore, down from ₹38,239.16 crore in August. The net assets under management (AUM) of