SINGUR ANTI LAND ACQUISITION
Daughter took father’s land by paying Rs 7.25 lakh in cash to her brothers and abandoned father, he filed a court case; Karnataka HC gives back the land to him
Mr. Bairappa had given his land to his daughter with the understanding of receiving care. However, she betrayed him by denying assistance and fraudulently claiming the land through various documents. After a legal battle, the Karnataka High Court ruled in Bairappa's favor, canceling the release deed. The court highlighted the importance of protecting senior citizens from financial exploitation by their children.
Farmer bought land at less than stamp duty value, got income tax notice; How DVO report helped him win Rs 18.24 lakh tax dispute in ITAT Surat
Mr. Desai, encountered difficulties with the Income Tax Department after purchasing land for a price less than the stamp duty value. The Income Tax Department attempted to levy taxes on an Rs 18.24 lakh discrepancy, but his Chartered Accountant opposed this claim. The case was sent to the Departmental Valuation Officer, who appraised the land at Rs 14.08 lakh.
Govt takes over 39.5-acre Air Force Sports Complex near PM's residence in Delhi
The Centre has taken possession of 39.5 acres housing the Indian Air Force's Sports Complex near the Prime Minister's residence at Lok Kalyan Marg in Delhi. The move is part of a wider land reclamation exercise that has also involved the Delhi Race Club, Jaipur Polo Ground and Delhi Gymkhana Club.
Mahindra Lifespaces acquires 100 acres in Mumbai region for plotted development
Mahindra Lifespace Developers has acquired 100 acres of land in Mumbai for a plotted development project. This move signifies the company's entry into the plotted development segment in the region. The project is expected to commence around the middle of the next financial year. Additionally, Mahindra Lifespace is looking to acquire more land in the area.
West Bengal investment policy puts jobs first, offers up to 120% assistance to industries
West Bengal has launched a new investment promotion policy aimed at encouraging industrial growth and job creation. The policy includes substantial incentives for businesses, especially those focused on employing women and transgender workers. It offers streamlined processes for approvals and payments, enhancing efficiency for investors. Priority areas will receive higher assistance levels and a framework for regular review every three years.
World's highest railway station in Ladakh at 17,244 feet: India planning a Rs 1.3 lakh crore railway line that will break China's record
World's highest railway station: India is planning a 489-km Bilaspur-Manali-Leh railway line costing an estimated Rs 1.31 lakh crore. The proposed corridor could feature the world's highest railway station at 5,256 metres beneath Tanglang La, surpassing China's existing record. Here's what we know about the ambitious Himalayan railway project, its route, tunnels and strategic importance.
Bengal govt to include Syama Prasad Mookerjee in school curriculum, drop Singur chapter
West Bengal's government plans to introduce lessons on Syama Prasad Mookerjee in the school curriculum. The chapter discussing the Singur anti-land acquisition movement will be removed from Class 8 textbooks. Information and Communication Technology will also be added as a subject for students in Classes 5 to 8. The government is currently considering rescheduling upcoming Madhyamik and Higher Secondary examinations to avoid conflicts.
ED raids Punjab AAP MLA, family in PMLA case
The Enforcement Directorate conducted raids on premises connected to AAP Punjab MLA Amandeep Kaur Arora. The investigation is linked to allegations of fraudulent acquisition of government properties. A total of seven premises, including residences of Arora and her family, were searched. This case originates from a June 2024 FIR filed by Punjab Police regarding government land mutation.
Tata Motors-Iveco will focus on building a global CV business: N Chandrasekaran
Tata Motors announced its acquisition of Iveco Group to enhance its global commercial vehicle operations. The $4.32 billion deal aims to improve growth and diversification rather than consolidation. This merger combines their strengths across different markets and technologies to increase revenue and sales volume. Both companies will collaborate on electric vehicles and components, leveraging Tata's extensive distribution network.
Tata-Iveco combine eyes significant growth in volumes, revenues over next 5 years: Chandrasekaran
Tata Motors and Iveco Group expect significant growth in vehicle volumes, revenues and margins over the next five years following their combination, Tata Sons Chairman N Chandrasekaran said. The combined entity will have annual revenues of around $24 billion, operations in over 130 countries and a portfolio spanning trucks, buses and specialised vehicles.
40 villas bought in 2.5 years: Rajasthan government places IAS officer Shikhar Agrawal, IPS wife on APO as ACB probes alleged villa purchases
Rajasthan's Anti-Corruption Bureau has initiated an investigation into IAS officer Shikhar Agrawal for alleged corruption. The investigation follows accusations regarding the purchase of approximately 40 villas and cottages by Agrawal's family. Agrawal and his wife have been placed on Awaiting Posting Orders, relieving them of their duties. The state government's approval was required for the Anti-Corruption Bureau to proceed under anti-corruption law.
Why Indian Navy is spending Rs 53,000 crore to buy 8 corvettes? How It will help India to defend India's 7000 km coastline from Pakistan to Bangladesh
Indian Navy will spend Rs 53,866 crore to acquire eight next-generation corvettes part of a wider effort to strengthen coastal defence and maritime security. With stealth features, multi-role warfare capabilities and over 70% indigenous content, the warships will add to India's expanding naval fleet.
NTT Data to nearly triple Mangaluru workforce to over 2,500 by 2027
The company entered Mangaluru through its acquisition of local cloud engineering company Niveus Solutions, and is looking to use the city as a base for developing specialised technology capabilities. Its focus areas include healthcare and life sciences, automotive, manufacturing, high technology, AI and data.
Defence Ministry inks Rs 53,886 crore deals for new indigenous warships
The Defence Ministry signed contracts worth ₹53,866.50 crore for constructing next-generation corvettes with public shipyards. Garden Reach Shipbuilders & Engineers Limited will build five corvettes while Goa Shipyard Limited will construct three. The ships are designed for multi-domain warfare, including anti-surface and anti-submarine operations. This project is expected to create significant employment opportunities in shipyards and ancillary industries over the next decade.
Govt inks Rs 53,866.50 crore contracts with GRSE & GSL for 8 Next Generation Corvettes for Indian Navy
The Ministry of Defence has signed contracts worth ₹53,866.50 crore with Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard (GSL) for the construction of eight Next Generation Corvettes for the Indian Navy. Under the deal, GRSE will build five warships and GSL the remaining three.
Income Tax 2026: 3 key changes in deductions & exemptions every taxpayer must know
The Finance Act, 2026 outlines significant changes in income tax deductions and exemptions for Tax Year 2026-27. Non-resident individuals will benefit from tax exemptions on foreign-source income for five tax years. Disability pensions are only exempted if individuals are invalided out due to service-related disabilities. Compulsory land acquisition income will also be tax-exempt, clarifying previous ambiguities in the law.
Andhra landowners sought 20x compensation after price boom, but lost case in High Court for this reason
The Andhra Pradesh High Court rejected the landowners’ request for enhanced compensation by noting that the landowners relied on market values from 2010 despite the government acquiring lands in 2008. The landowners claimed their compensation was inadequate due to significant market price increases occurring later. The high court emphasized compensation should be based on the market value at the time of acquisition.
Ladakh chief secretary directs early resolution of land issues for Kargil airstrip expansion
Ladakh Chief Secretary Ashish Kundra has directed the Deputy Commissioner of Kargil to expedite land acquisition processes. He emphasized conducting a joint site inspection with the Indian Air Force to resolve land acquisition issues. The meeting also addressed the construction of a new terminal at Thoise Airport on defense land. Administrative secretaries were instructed to resolve procedural issues for timely project execution.
French billionaire Xavier Niel gets CCI approval to acquire 16.2% stake in Vodafone
Xavier Niel's investment vehicle, Vega SAS, has obtained approval from the Competition Commission of India to purchase a 16.2 percent stake in Vodafone Group for approximately 4.4 billion pounds. Post-acquisition, Vega SAS will become Vodafone's primary shareholder, a pivotal step as Vodafone continues to concentrate on its core markets following earlier restructuring efforts. This decision also complies with India's fair competition regulations, promoting healthy market dynamics.
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