Sunday, August 09
Saudi Arabia has brought into force new regulations governing real estate ownership by non-Saudis, requiring all applications to be processed through a single government digital platform. The Saudi Real Estate General Authority said the Regulation on Real Estate Ownership by Non-Saudis has officially entered into effect, according to the Saudi Press Agency. Applications to move online via Saudi Properties portal Under the new system, all non-Saudi property ownership applications must be submitted through Saudi Properties, the government’s unified digital portal for real estate services. The platform will manage the entire process electronically, including eligibility checks, approvals and final registration. The regulations apply to residents of Saudi Arabia, non-residents, as well as fo
India’s automobile sector has staged a strong recovery in the third quarter, supported by a timely GST rate cut around the festive season, healthy retail traction and disciplined inventory management.Demand revival has been broad-based across two-wheelers, passenger vehicles and commercial vehicles, with volumes expanding sharply year-on-year during the quarter. Two-wheeler internal combustion engine volumes rose in the mid-teens, passenger vehicles posted over 20% growth, and commercial vehicles also delivered a robust rebound off a weak base.Importantly, retail demand remained firm even after the festive months, keeping dealer inventories lean and supporting steady wholesale momentum into the fourth quarter, aided by the ongoing wedding season.Within two-wheelers, scooters continue to
Kyiv: Ukraine and Russia ended a second day of US-brokered talks in Abu Dhabi on Saturday without a deal but with future meetings mooted after overnight Russian airstrikes that knocked out power for over a million Ukrainians amid subzero winter cold.Statements after the conclusion of the talks did not indicate that any agreements had been reached, but Moscow and Kyiv both said they were open to further dialogue. "The central focus of the discussions was the possible parameters for ending the war," President Volodymyr Zelenskyy wrote on X after the meeting."As a result of the meetings held over these days, all sides agreed to report back in their capitals on each aspect of the negotiations and to coordinate further steps with their leaders," he said, adding that further meetings could take
More Indians are moving overseas for work but continue investing in India to build long-term wealth. Mutual fund SIPs remain a popular choice among these investors, but questions often arise around eligibility, taxation and compliance once residency or citizenship changes. This is the case of Pavan, a 35-year-old UK-based investor and viewer of The Money Show on ET Now. He has been investing Rs 1 lakh every month through SIPs with a 10% annual increase. Over the years, this disciplined approach has helped him accumulate close to Rs 39 lakh. His long-term goal is to build a retirement corpus of Rs 25 crore over the next 25 years — a target that appears achievable given his current investment pace.Also Read | Defence mutual funds surge up to 21% since last Budget. What should investors exp
Adani Group companies, Adani Power, Adani Enterprises, Adani Ports and Adani Green Energy, among others, on Saturday issued a clarification via stock exchange filing in response to recent media reports claiming that the United States Securities and Exchange Commission (US SEC) is seeking court approval to serve legal summons to Adani Group Chairman Gautam Adani and his nephew Sagar Adani via alternative methods, including direct email.In the filings, Adani Group companies stated that there are no allegations made against the company, nor is the company a party to any such proceedings. The group also reiterated its earlier clarification dated November 21, 2024, in which it addressed similar concerns following an earlier Bloomberg report on the same matter.The group stated that the contents
As India heads into Budget 2026 amid persistent global uncertainty, Navneet Munot, MD & CEO of HDFC AMC, believes the country’s long-term growth story remains firmly intact.Emphasising policy continuity, sustained reforms and a steady capex push, Munot says India continues to offer rich bottom-up opportunities across sectors, making it a “stock picker’s paradise.”In an interaction with Kshitij Anand on the sidelines of ET Budget Boardroom held in Mumbai, he also shares his views on market valuations versus earnings, India’s positioning in the global AI cycle, and the key policy measures he expects from the upcoming Budget to deepen domestic participation and sustain earnings-led market growth. Edited Excerpts –Kshitij Anand: Now, Budget 2026 is coming at a time when there i
