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 heartfelt effort to ease the burden of rising living costs, a Jersey City gas station will be offering a generous giveaway this weekend that is expected to draw hundreds of locals. Tom Critelli’s Sunoco station, located at 465 Grand Street in Jersey City, is giving away $30 in free gasoline to the first 500 vehicles as part of a special event dubbed “Fueling the Community.” The giveaway will begin promptly at 7:00 a.m. on Saturday, and it will operate on a first-come, firs

In a significant show of confidence, BlackRock, the world’s largest asset management firm, has emerged as the biggest investor in the Adani Group’s $750 million private bond issuance, taking on approximately one-third of the allocation. The investment, made through a private placement with a 3–5 year tenure, marks BlackRock’s debut in India's infrastructure-focused private bond space. Sources with direct knowledge revealed that BlackRock’s participation in th

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

For Non-Resident Indians (NRIs), securing health and term insurance for themselves and their families back in India is more than just a financial obligation—it is a critical step toward safeguarding their loved ones and managing long-term security. As global citizens, NRIs often weigh the pros and cons of buying insurance in their country of residence versus opting for policies in India. What tips the scale in favor of Indian insurance are three strong reasons: affordability, extensive

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&

In a noteworthy development signaling the economic progress of Andhra Pradesh, the state has recorded its highest monthly Goods and Services Tax (GST) collection in nearly a year. The GST revenue generated in the state for the month of March 2025 has reached an impressive ₹3116 crore, breaking past the ₹3000 crore milestone for the first time in the last 11 months. This also marks an 8.35 percent year-on-year growth compared to March of the previous year, indicating an upward trend in tax

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

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,

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

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

In a major immigration reform move, US President Donald Trump has proposed a new visa scheme that offers a 'gold card' residency permit to foreigners willing to invest $5 million in the United States. This initiative aims to attract “brilliant, hardworking, job-creating people” while generating significant government revenue to balance the federal budget. Described as “like the green car