foreign fund activity

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.

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.

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.

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.

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.

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.

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."

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

Delhi Police is establishing hyper-local counter-terror units in every station to combat evolving threats. These specialized teams will focus on grassroots intelligence, monitoring vulnerable spots, radicalized individuals, and terror-gangster links. The initiative aims to disrupt sleeper cells and prevent weapon fabrication, enhancing national security preparedness across the capital.

Recalling the meeting, Wangchuk said he was surprised by the message conveyed through Saxena's post on X after what he described as a friendly and constructive discussion. "I thought this was maybe to please some boss somewhere in Delhi who had instructed him to call me up and say such things, but the meeting was none like this, only the tweet was," he said.

Popular Twitch streamer Hasan Piker is reportedly under scrutiny by U.S. officials regarding a recent trip to Cuba. The Treasury Department's OFAC has issued a "Request for Information" linked to his participation in the "Nuestra América Convoy." Investigations are examining potential violations of U.S. sanctions and laws concerning travel and transactions in Cuba.

In a significant security operation, the Bihar Anti-Terrorism Squad has detained Mohammad Mustafa in Muzaffarpur for allegedly facilitating activities linked to anti-India organizations. Preliminary investigations expose a troubling connection with Shahzad Bhatti, an arms trafficker operating out of Pakistan.

Mount Everest faces a recurring waste problem, exacerbated by record climbing permits and the logistical challenges of waste removal at high altitudes. New regulations, including mandatory waste carriage and specialized human waste bags, aim to mitigate the issue, but decades of accumulated debris and melting glaciers present ongoing environmental concerns.

Short-term global economic shocks, like the ongoing Middle East conflict, have the potential to temporarily slow the growth story - a fact that cannot be ignored if India hopes to be among the top three world economies in the coming years.

A farmer's accidental jade discovery in China in 1929 unearthed the Sanxingdui Ruins, a Bronze Age city of a sophisticated, previously unknown culture. This find challenged historical beliefs about Chinese civilization's origins, revealing a powerful, independent kingdom with advanced casting technology. The site's unique artifacts, like giant bronze masks, offer a glimpse into an extinct civilization's rituals and artistry.

Iran has initiated a bold peace proposal to the United States, channeled through Pakistan, in a bid to halt the West Asia conflict and prioritize the lifting of maritime sanctions. Talks on nuclear issues would be postponed under this new agreement.