Selling property in India? What NRIs should know about capital gains and repatriation rules

When selling property in India, the tax implications extend beyond Indian borders. While India taxes the capital gains from the sale, NRIs must also consider how these gains are treated in their country of residence, particularly in the United States, the United Kingdom, and Singapore, which have different rules on foreign income and double taxation […]

FM India Supply Chain leases 1.31 lakh sq ft at Lodha Industrial Park near Mumbai for ₹33 crore

FM India Supply Chain Private Limited, a logistics firm, has leased 1.31 lakh sq ft of industrial space at Lodha Industrial Park in Palava City, Thane district, near Mumbai, for five years at a total rent of over ₹33 crore, according to property registration documents accessed by CRE Matrix. FM India Supply Chain Private Limited, […]

Lakshmi Mittal’s JV HPCL-Mittal Energy stops buying Russian crude amid US sanctions| Business News

HPCL-Mittal Energy Ltd., a joint venture of Lakshmi Mittal’s Mittal Energy and Hindustan Petroleum Corp. Ltd., has stopped buying Russian crude oil. The ships used for the cargo weren’t under sanctions either. Russia currently supplies nearly a third of India’s crude imports, averaging around 1.7 million barrels per day in 2025, of which approximately 1.2 […]

L&T weighs doing a Tata with plans to enter electronics manufacturing in India| Business News

Larsen & Toubro Ltd. (L&T) is weighing the Tata playbook to explore an entry into electronics manufacturing in India, as the country’s largest engineering firm eyes diversification — from mega projects to small components. Larsen & Toubro Chairman S.N. Subrahmanyan. L&T is likely to focus on making components for devices and not the device itself—at […]

Amazon layoffs is said to impact 800-1,000 jobs in India as AI upends work model| Business News

The Amazon layoffs can result in 800-1,000 job cuts in India, ET reported on Wednesday, as the US-based e-commerce firm taps AI to reduce overheads. In all, Amazon is planning to replace and/or avoid 600,000 US jobs by 2027. (AFP) The Amazon India layoffs would span functions—including finance, human resources and technology, ET reported citing […]

Sattva Group partners with Innovalus to set up platform for establishing GCCs in India

Bengaluru-based real estate firm Sattva Group has partnered with Innovalus to set up GCCBase, a platform designed to help multinational companies set up and scale Global Capability Centres (GCCs) across India, the company said in a statement on October 28. GCCBase delivers a unified, end-to-end ecosystem for global enterprises and aims to redefine how global […]

Sankey Prasad steps down as chairman and managing director of Colliers India and Middle East

Sankey Prasad has stepped down from his position as chairman and managing director of Colliers India and Colliers Project Leaders, Colliers said in a statement on October 28. While Prasad has relinquished his position as the CMD in the Colliers Project Leaders Middle East business, he will continue to hold a stake in the company. […]

Della Group to launch 10 luxury townships projects across India with gross development value of over ₹18,000 crore

Mumbai-based Della Group, which specialises in hospitality, luxury villas, and adventure parks, plans to launch luxury integrated township projects across 10 locations in India, spread across 1,336 acres, with a combined Gross Development Value (GDV) of ₹18,060 crore. The luxury township projects will be launched in cities such as Thane in the Mumbai Metropolitan Region […]

HAL to make Russia’s SJ-100 aircraft in India in boost for regional aviation| Business News

Hindustan Aeronautics Ltd. plans to manufacture Russia’s SJ-100 aircraft in India to boost short-haul flights in the world’s fastest growing civil aviation market of its size. The SJ-100 is a twin-cylinder, narrow-body aircraft for short-haul flights. (company handout) The Indian company has signed an agreement with Russia’s United Aircraft Corp. PJSC to manufacture the commuter […]