foreign fund activity

Authorities are launching a massive survey of constructions within 50 km of Rajasthan's international border following a high-level meeting. Committees are verifying legality, funding sources, and security concerns, with strict action promised against illegal structures and encroachments. This initiative aims to bolster border security and national safety.

Foreign firms are increasingly cashing out of India's booming IPO market, pocketing billions instead of raising capital for expansion. Recent listings, including major players like Hyundai and LG, saw over $5 billion flow overseas. This trend, driven by high valuations, raises concerns about capital outflows and the rupee's stability, with policymakers questioning IPOs as exit routes.

Reporting income/assets etc. in the ITR should be matched with Annual Information Statement (AIS). As through system checks and reconciliation runs, using technology for ITR processing might trigger even small gaps, errors or incorrect claims and may lead to prompt questions.

Jamshid Ghomi, a dual US-Iranian national, has been arrested for allegedly violating US sanctions by shipping sophisticated US-origin technology to Iran. He is accused of supplying networking, security, and encryption equipment to Iran's nuclear and military establishments, earning millions and laundering proceeds into his US accounts.

Pakistan is spending heavily on lobbying in the United States. This occurs as the nation faces economic difficulties and water scarcity. The country also deals with rising fuel costs. FARA filings reveal extensive efforts to influence Washington. This includes security, trade, and diplomatic outreach. The lobbying intensified during military tensions with India. Pakistan's army chief made claims about mediation.

A devastating fire at a Malviya Nagar restaurant in South Delhi has claimed at least 20 lives, with many victims reportedly foreigners. Emergency services swiftly responded, rescuing 37 individuals who were hospitalized. Authorities are investigating the cause of the blaze, while the Delhi Chief Minister expressed deep sorrow and pledged government support.

Both the Sensex and Nifty declined more than 1% as investor sentiment weakened amid growing concerns over the Iran-US conflict, continued foreign institutional investor (FII) outflows and a host of other market challenges.

SAFF general secretary Purushottam Kattel speaks to TOI on the proposed men’s Club Championship, VAR, new competitions and South Asia’s potential. Excerpts…

North Korea has vehemently rejected the Quad's call for its denuclearisation, vowing "never" to give up its nuclear weapons. The foreign ministry accused the grouping of being a US tool and interfering in its affairs. The Quad nations, including India, had reiterated their commitment to Pyongyang's denuclearisation and condemned its weapons programs.

Kevin O'Leary is pushing back against claims surrounding a Utah data center project, stating false information about environmental damage and power use is being spread online. He alleges foreign-linked interests, potentially connected to China, are involved in a coordinated effort to slow U.S. energy infrastructure development.

Uttar Pradesh ATS apprehended a 22-year-old for allegedly working with a Pakistan-backed terror network. The group groomed Indian youth via social media, assigning missions including targeting BJP leaders. Recovered items include a pistol and cartridges. The accused was reportedly handled by Pakistan-based operatives, with a "trial mission" involving assassination plans.

Activist Sonam Wangchuk has rejected Ladakh LG VK Saxena's claims about the Cockroach Janta Party (CJP) movement's origins and a meeting's tone. Wangchuk asserted he remains an "honorary cockroach" and supports the CJP, dismissing Saxena's assertions of him being unsure and his comparison of Ladakh to Manipur as an "error of judgment."