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EXPLAINED: Spv | Vintage Vibes

REITs and InvITs: Despite tax-free dividends, non-resident investors may need to file ITR to claim a refund of TDS

The Taxation and Other Laws (Amendment) Act, 2026 addresses existing dividend tax discrepancies for unitholders by granting unconditional exemptions. Despite this, the established withholding tax regulations for BTs have not been modified, leading to possible inconsistencies. Non-resident investors may need to submit tax returns to retrieve withheld taxes, highlighting the…

The Economic Times

Good news for investors: No income tax on dividends received from REITs and InvITs in this case, Lok Sabha passes the bill; Check the details

The Lok Sabha passed a bill amending tax laws on August 6, 2026. This amendment benefits REIT and InvIT investors by exempting dividend income. Special Purpose Vehicles can opt for a new tax regime with a higher surcharge. This decision requires careful evaluation of the entire structure's tax efficiency. The…

The Economic Times

Apollo wraps up $35 billion debt to buy AI chips for Anthropic

The package, one of the biggest private credit transactions in history, highlights the race by top-tier financiers to fund data center construction and the chips they use. Tech companies are tapping every corner of the credit markets to meet AI’s unprecedented capital demands, forcing Wall Street to engineer novel debt…

The Economic Times

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Sebi expands permitted use of borrowings for highly leveraged InvITs

The changes, which have come into force with immediate effect, are aimed at providing greater flexibility to InvITs in managing funding requirements.

The Economic Times

“We wanted some filth on this album." How Touchstone rocked out on their fourth album, Oceans Of Time

The story of UK prog rockers Touchstone's fourth and most recent studio album, 2013's rocking Oceans Of Time

Louder

Honnavar fishermen threaten to boycott voting over ‘violation’ of CRZ norms

The Joint Action Committee of Kasarkod Fishermen Associations at Honnavar has given a call to fishermen to boycott the Lok Sabha elections in Uttara Kannada on May 7, accusing the Union government and the Karnataka government of not taking action against a special purpose vehicle (SPV) developing the Honnavar port…

The Hindu

Dharavi revamp in turmoil | Explained

Opposition parties in Maharashtra march to billionaire Gautam Adani's office to protest ₹23,000 crore Dharavi Redevelopment Project, raising suspicion of government favouring Adani.

The Hindu

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SCGP buys 70% share of SPV

SCG Packaging Plc (SCGP) is acquiring a 70% share in Starprint Vietnam JSC (SPV) for 1.53 billion baht to take advantage of positive prospects in Vietnam.

Bangkok Post

₹100-crore Chennai Shoreline Re-nourishment and Revitalisation project set to take off

A 30-km stretch will be taken up by the special purpose vehicle created for the project

The Hindu

Bournemouth council accused of ‘casino capitalism’ over beach hut sale

Holidaymakers are worried about plans by council bosses to cash in by selling the huts – to boost their budget with a £54m windfall

The Guardian - UK

Madhya Prdesh: Textile cluster at Sukhpuri attracts over 200 industries

INDORE: As many as 250 industries have given consent to invest in the newly proposed textile cluster to come up at Sukhpuri in Burhanpur. The Special Purpose Vehicle (SPV) Burhanpur Sukhpuri Textile Cluster Association has pegged the likely investment in the cluster at Rs 350-400 crore.

The Times of India

Anonymous letters allege fraud, Rail Infrastructure Development Company Karnataka Limited files complaint

BENGALURU: The Rail Infrastructure Development Company Karnataka Limited (K-RIDE), a special purpose vehicle (SPV) formed by the Karnataka government and the Union railways ministry, has filed a police complaint against anonymous letters making allegations about the project.

The Times of India

Chhattisgarh HC allows Raipur, Bilaspur smart cities to issue work orders

RAIPUR: The Chhattisgarh high court on Thursday allowed interim applications moved by Raipur and Bilaspur smart cities and allowed the issue of work orders to the tune of Rs 700 crores for the development of both the cities.

The Times of India

NMC keeps 2,000km optical fibre idle, allows digging 400km for pvt network

NAGPUR: The Nagpur Municipal Corporation (NMC) has delayed its own plan to give high speed internet and television facility to all houses by making available over 2,000km optical fibre cable network across the city. Instead, it has decided to permit Reliance Jio Infocomm Limited (RJIL) to dig 400km roads to…

The Times of India

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The Times of India

Chhattisgarh HC allows Raipur, Bilaspur smart cities to go ahead with certain works

RAIPUR: Chhattisgarh High Court has allowed the Raipur Smart City Limited and Bilaspur Smart City Limited to go ahead with certain projects while hearing a petition alleging that these special purpose vehicles (SPVs) have encroached into the territory of urban local bodies(ULBs).

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