asset ownership

Traditionally, property ownership in India was a symbol of security and status, but it often involved high costs and illiquidity. The introduction of Real Estate Investment Trusts (REITs) now allows individuals to invest in income-generating properties without direct ownership.

In March, the Enforcement Directorate moved a special PMLA court under the Fugitive Economic Offenders Act (FEO) seeking to permanently confiscate 15 assets worth around Rs 700 crore belonging to late drug smuggler Iqbal Memon, also known as Iqbal Mirchi, and his family in Mumbai and Dubai. The plea includes Worli properties, comprising Rabia Mansion, Marium Lodge, and Sea View properties, and around 15 properties in Dubai, including Hotel Midwest Apartment in Bur Dubai.

Electronic Gold Receipts (EGRs) are now trading on the NSE, revolutionizing India's gold market. This digital format, backed by physical gold in SEBI-regulated vaults, offers investors a secure and transparent way to hold the precious metal. EGRs aim to overcome traditional concerns like purity and storage, integrating gold more closely with the capital markets.

VinFast is restructuring its Vietnam manufacturing business in a $530 million deal, creating a new entity, VFTP, to handle production and associated liabilities. This move aims to improve capital efficiency and accelerate the EV maker's path to profitability, with VFTP potentially exploring contract manufacturing. The core VinFast business will focus on R&D, sales, and customer service, adopting an asset-light model.

UK's Prudential plc is acquiring a 75% stake in Bharti Life Insurance for Rs 3,500 crore, gaining operational control and marking a strategic reset for its India business. This move allows Prudential to deploy a wider product suite and leverage Bharti's domestic reach, aiming to boost insurance penetration in India.

Facing the loss of a cherished family member is a profound challenge, and the added realization that their fixed deposit lacks a will or nominee can feel daunting. But don't despair—the money is still retrievable. This informative guide is tailored for legal heirs, detailing the steps to reclaim these funds, including securing heirship evidence and providing an indemnity bond.

1.10L Enumerators To Conduct Door-to-door Survey Across 34 Districts

French luxury giant LVMH is selling its stake in Marc Jacobs for Rs 7,090 crore to a joint venture of WHP Global and G-III Apparel Group. While LVMH shifts focus to heritage brands, Marc Jacobs remains Creative Director. This marks a significant shift in the luxury market's strategy, with brand managers taking a larger role.

Michael Jackson's estate has been embroiled in disputes since his 2009 passing. While executors John Branca and John McClain managed assets, including selling parts of his music catalog and Neverland Ranch, beneficiaries like Paris Jackson raised concerns about financial mismanagement and alleged 'skimming.' A recent legal victory for Paris saw executors ordered to return substantial bonus payments to the estate.

In a significant crackdown, Bihar's Economic Offences Unit conducted raids at five sites associated with Amrendra Kumar, the sub-registrar from Supaul. The operation revealed a staggering Rs 10 crore in assets, far beyond what his official salary could justify.

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

Every week TOI+ subscribers send in legal questions and our panel of leading experts offers well-considered, practical, and actionable opinions on every query. From property disputes to inheritance matters, divorce queries to income tax issues, My Lawyer connects you directly with experts you can trust

Donald Trump faced criticism after paying tribute to late media and wrestling mogul Ted Turner while simultaneously attacking CNN as “woke.” Critics argued the statement shifted focus from Turner’s groundbreaking legacy in broadcasting and professional wrestling to political grievances, overshadowing his transformative impact on CNN, WCW, and the Monday Night Wars.

Hugh Jackman has officially moved to sell a lavish Manhattan penthouse he co-owned with ex-wife Deborra-Lee Furness, a significant step in their divorce settlement. This comes just weeks before Jackman made his public debut with Sutton Foster at the Met Gala, a move that sparked considerable social media commentary.

Self-enumeration for Census 2027 has commenced in Maharashtra, emphasizing data protection and physical verification for accuracy and confidentiality. Collected data is confidential under the Census Act, 1948, and anonymized for privacy. While self-enumeration is encouraged, physical enumeration will ensure comprehensive coverage, especially in remote areas.

Piprahwa relics are welcome back in India. But it may alter the architecture of restitution – India invoked their return as a right, but the relics returned as part of a private collection on loan to govt

Reliance Retail has acquired Priyanka Chopra Jonas's global haircare brand Anomaly, bolstering its presence in the beauty and personal care sector. The deal grants Reliance full ownership of Anomaly's assets, with plans to expand the clean, vegan, and affordable brand through its extensive retail and digital platforms, including Tira.

China's industry regulator has ordered Meta to cancel its $2 billion acquisition of Singapore-based AI firm Manus, citing national security concerns. This move follows the US announcing a crackdown on foreign tech companies exploiting AI models. China is also reportedly restricting US capital in its leading tech firms without government approval, signaling an escalating AI war.