Latest News, Updates & Breaking Headlines
Authum Investment & Infrastructure Mumbai: A consortium of Inox Neo Energies and Authum Investment & Infrastructure is set to buy the assets of bankrupt Wind World for an estimated Rs 1,800-1,900 crore, after the committee of creditors approved its resolution plan . Under the plan, Inox Neo will acquire Wind World’s 600 MW wind power…
Individual taxpayers often struggle with determining the correct reportable value of foreign assets. (AI image) India’s foreign assets reporting is no longer evolving quietly in the background; it has entered an era of assertive enforcement. Budget 2026 reinforced that overseas income/ asset disclosure is not merely a procedural obligation to disclose in the Income tax…
How is gold taxed? (AI image) Gold is a safe haven asset globally – and it’s also the traditional go-to savings and investment bet in India. Gold prices have been rising unprecedentedly over the last 18 months and investors are rushing to buy the yellow metal amidst global economic and geopolitical uncertainty.Investment in gold can…
NEW DELHI: The Indian Air Force is undertaking a joint in-situ air exercise with the Royal Thai Air Force, aimed at enhancing operational coordination and interoperability between the two forces.In a post on X, the IAF said, “IAF is undertaking joint in-situ air exercise with the Royal Thai Air Force (RTAF). The exercise will enhance…
Dubai’s new property resale rule 2026: What UAE residents and expats should know before participating Long known for its dynamism, transparency and global investor appeal, Dubai’s property market has taken another step toward modernisation and liquidity with the rollout of a new resale rule aimed at activating the secondary property market. This rule, part of…
Amnesty on hidden foreign assets in Budget 2026 In a bid to resolve long-pending cases of inadvertent overseas asset non-disclosures and to encourage voluntary compliance, the Budget has proposed a fresh amnesty window for small taxpayers, alongside a relaxation of prosecution norms under the Black Money law.Under the proposed Foreign Assets of Small Taxpayers –…
Renowned playback singer Arijit Singh has announced his retirement from new playback assignments, citing a desire to explore music independently. Despite this, he will complete pending commitments. Singh, who boasts a net worth of Rs 414 crore, received the Padma Shri in 2025 for his significant contributions to music. Singer Arijit Singh on Tuesday left…
BENGALURU: India’s wealthy are increasingly looking to diversify into dollar-denominated assets, with some citing the GIFT City route as a preferred gateway to global investing, according to the India Luxury Residential Outlook Survey 2026 released by India Sotheby’s International Realty. A significant share of HNIs and UHNIs are concerned about the rupee’s depreciation against the…
File photo: US President Donald Trump with Russian President Vladimir Putin (Picture credit: AP) US President Donald Trump has reacted cautiously but positively to Russian President Vladimir Putin’s suggestion that he could use frozen Russian assets to pay for entry into Trump’s proposed “Board of Peace”. Speaking to reporters aboard Air Force One while returning…
Losses from VDAs cannot be set off — not against other income, nor even against gains from another crypto asset. The Central Board of Direct Taxes (CBDT) has raised fresh concerns about the risks posed by virtual digital assets (VDAs) such as cryptocurrencies, aligning its stance with that of the Reserve Bank of India (RBI)….
