Telangana Chief Minister A. Revanth Reddy proudly announced that the state has secured approximately Rs 1.8 lakh crore in investments during his recent visit to the World Economic Forum (WEF) annual meeting in Davos, Switzerland. This marks a significant milestone for the state, with the Chief Minister emphasizing the importance of these investments in bolstering Telangana's economic growth. Taking a dig at the opposition Bharat Rashtra Samithi (BRS), Reddy refuted their claims

The Godrej Enterprises Group, known for its diverse presence across industries such as aerospace, defense, furniture, and IT software, revealed plans to invest more than Rs 1,200 crore over the next three to five years. This investment will focus on enhancing digital solutions and technology platforms, including AI and generative AI technologies. The group aims to improve customer experience, create a unified ecosystem, and foster deeper relationships with its 1.1 billion-strong consumer base

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

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

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

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

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

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 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

As part of its commitment to the NDA coalition's promises made prior to the elections, the central government is actively working to halt the disinvestment process of the Rashtriya Ispat Nigam Limited (RINL), commonly known as the Visakhapatnam Steel Plant. Under the leadership of Chief Minister Chandrababu Naidu, there are ongoing efforts to ensure the plant remains operational amid concerns over financial viability and raw material shortages. Recent reports indicate that the B

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

In a significant update for the food and hospitality sector, the office of the Commissioner of Police in Visakhapatnam City has issued new instructions allowing restaurants and eateries to stay open until midnight. This decision follows guidelines set by the Government of Andhra Pradesh under Sections 7(2) and 15(2) of the Andhra Pradesh Shops and Establishments Act 1988, which specifically excludes bars and restaurants. Previously, hotels and eateries were restricted to operating u

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