Owning overseas real estate, whether in Dubai, London or Singapore, has become an increasingly popular aspiration among Indian investors. But recent enforcement action has highlighted that foreign property purchases can invite regulatory scrutiny if Foreign Exchange Management Act (FEMA) rules are not followed carefully.Earlier this month, the Directorate of Enforcement conducted searches under FEMA, 1999…
Rising remittance inflows to India have doubled in the past 10 years, with four advanced economies—the United States, the United Kingdom, Canada, and Australia—accounting for a growing share of the funds. Migration of higher-skilled Indians to these countries, combined with rising incomes among the diaspora, has helped reduce India’s dependence on any single region while…
US Wall Street’s main indices opened higher on Wednesday, recovering after recent volatility as investors weighed concerns surrounding the AI trade and uncertainty over tariffs ahead of Nvidia’s earnings later in the day (local time).The Dow Jones Industrial Average rose 183.1 points, or 0.37%, to 49,357.63 at the open. The S&P 500 gained 25.1 points,…
Asiya Andrabi (extreme right) and her three young students. (TOI file photo) NEW DELHI: A Delhi court on Tuesday sentenced Kashmiri separatist and Dukhtaran-e-Millat chief Asiya Andrabi to life imprisonment in an Unlawful Activities (Prevention) Act (UAPA) case.Her two associates, Fehmeeda and Nasreen, were sentenced to 30 years in prison in the same case.On January…
Bhubaneswar: The Bhubaneswar Municipal Corporation (BMC) has sought the help of Infocity police to stop construction work at a private apartment project in Nandan Vihar area, terming the ongoing activity “unauthorised” and flagging the possibility of a law-and-order situation.In a letter to the inspector in-charge of Infocity police station on Saturday, BMC’s north zone office…
South Korea’s Kospi, which had long stood out as one of the world’s hottest-performing markets over the past year, with a whopping 36% gain, hit a roadblock. The Kospi Index, which recently inched up 3% to its record high, tumbled as much as 13% on Wednesday. This dramatic sell-off follows a 7.2% decline in the…
Vaibhav Sooryavanshi (Image credit: BCCI/IPL) NEW DELHI: Rajasthan Royals’ teenage sensation Vaibhav Sooryavanshi and his habit of terrorising bowlers is no secret. It began in the last IPL, continued during India’s triumphant 2026 Under-19 World Cup campaign, and is still going strong in IPL 2026. The boy from Bihar has unleashed six-hitting mayhem, creating fear…
Do you ever wonder why most of the India temples are built around the rivers? There’s no denying that temples are cradles of spirituality and heritage and are mostly nestled along riverbanks that blend the divine reverence with nature. Interestingly, from Ganga’s ghats in Varanasi to the Kaveri’s shores in Tamil Nadu to Vrindavan around…
Bhubaneswar: CM Mohan Charan Majhi on Friday announced a 2% increase in the dearness allowance (DA) for state govt employees. The DA for govt employees has increased from 58% to 60%. This will be applied retroactively from Jan 1, 2026. The increased DA will be paid with the salary for the current month of May….
Berhampur: Odisha Rail Infrastructure Development Limited (ORIDL), a joint venture company of the state govt and railway ministry, has started preparing the detailed project report (DPR) for the 258-km-long railway line from Gopalpur to Rayagada, sources said. The railway sources added that the DPR for another line from Gopalpur to Sambalpur (via Rairakhol and Phulbani)…
