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A recent ruling by the Supreme Court has imposed a hefty fine of over $8,000 on an Oklahoma homeowner, Adewale Eniola Tawose. This decision reinstates the community's ban on short-term rentals after a legal tussle. Tawose's attempts to host guests led the homeowners association to act against him, reversing an earlier judgment that allowed his rental business, thus affirming the penalties and restrictions on such properties. View More
New York City Mayor Zohran Mamdani said city officials would commence sweeps of 100 construction sites after eight people died in the collapse of a three-story Brooklyn apartment building. View More
A Texas appeals court has dissolved an order barring a granddaughter from coming within 500 feet of family trust property. The court found that the lower court had failed to set a trial date and specify the required security amount. However, the wider dispute over control of the Barbara Tolbert Revocable Trust and the family's inheritance claims remains unresolved. View More
The agency has accused the companies and their officials of criminal conspiracy and cheating, alleging that land acquired for a public purpose was released to private colonisers in an allegedly malafide manner to extend undue benefits. View More
Shree Cement Ltd plans to invest Rs 7,000 crore to establish cement plants in Andhra Pradesh. The company will set up facilities in Kadapa, Anakapalli, and Guntur districts. This decision comes after incentives from the coalition government led by Chief Minister N Chandrababu Naidu. Shree Cement aims to increase its production capacity beyond 80 million tonnes in the near future. View More
Visakhapatnam: Shree Cement Ltd , the country's third-largest cement group by capacity, will invest Rs 7,000 crore to set up manufacturing plants in Andhra Pradesh, a senior company official said on Thursday. The Bangur family-promoted company plans to establish cement plants in three districts - Kadapa, Anakapalli and Guntur - Shree Cement Vice President Sumanth Gautham said on the sidelines of the Visakhapatnam CII Summit. The investment decision follows the incentives offered by the coalition government led by Chief Minister N Chandrababu Naidu and the investor-friendly environment in the state, he said. Read more: Cement companies bet on price hikes to revive profitability in H2 "The company decided to invest in the state after taking note of the incentives being offered to investors by the coalition government led by Chief Minister N Chandrababu Naidu and the investment-friendly environment here," he said. Live Events Gautham expressed satisfaction over the pace of land allotment for industrial projects, saying the process was moving quickly and encouraging investors to set up operations in Andhra Pradesh. Shree Cement currently has an installed production capacity of around 75 million tonnes per annum (MTPA). Read more: Ambuja Cements to invest Rs 14,500 crore to add 30 million tonnes capacity by FY30 Besides India, the company also has offshore manufacturing facilities in the UAE. The company is relentlessly pursuing its goal of having more than 80 million tonnes of production capacity in the coming years. According to CRISIL Ratings, the Indian cement industry had an estimated installed capacity of around 720-730 million tonnes per annum (MTPA) as of March 2026. The industry is witnessing a fresh wave of capacity expansion, with leading manufacturers stepping up investments to strengthen their production capabilities and expand their geographical footprint amid expectations of sustained demand growth from increased expenditure by the government in big-ticket infra projects and incentives for rural India. Companies are pursuing both greenfield projects and brownfield expansions to cater to rising demand from infrastructure development, housing, roads and other construction activities. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
GAIL (India) and KRIBHCO have signed an agreement to explore constructing a urea plant in Andhra Pradesh. The plant is expected to generate direct and indirect job opportunities for local residents. Officials aim to set up a facility producing 1.27 million tons of urea per year in Srikakulam. The state government will support the initiative by providing land and infrastructure. View More
GAIL (India) and Krishak Bharati Cooperative ( KRIBHCO ) have signed a pact with the Andhra Pradesh Economic Development Board to explore setting up a urea plant in the southern Indian state for about 135 billion rupees ($1.6 billion), the companies said on Thursday. KRIBHCO, one of India's biggest fertiliser cooperatives, manufactures and markets urea and other crop nutrients. The proposed project involves setting up a 1.27-million-ton-per-year urea plant at Mulapeta in Andhra Pradesh's Srikakulam district The facility could create 300-400 direct jobs and around 1,000 indirect jobs, while the state government will facilitate land, infrastructure and potential incentives for the project The deal comes as Andhra Pradesh attracts a string of large-scale investments, including Google's planned $15 billion AI hub and Reliance Industries ' proposed $11 billion investment in data centre capacity alongside its joint venture partners Live Events Separately on Thursday, Kia Corp's Indian unit said it would invest about $2 billion to build an additional manufacturing plant in the state, while Reliance unveiled plans for a $4.59 billion integrated underground coal gasification complex .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The Assessing Officer (AO) treated both the property investment of Rs 20,23,778 and the cash deposits of Rs 13,04,900 as unexplained. This resulted in additions of Rs 33,28,678, or approximately Rs 33.29 lakh, to the man’s income. The person contested the assessment before the Commissioner of Income Tax (Appeals). View More
In a contentious case involving allegations of forgery against Malachite Venture Corporation, the Texas First Court of Appeals ruled in favor of Doctor R.K. Dhingra's estate, allowing it to withdraw its claims. This decision overturned the trial court's earlier ruling, reinforcing that plaintiffs can withdraw claims before a judgment is reached, despite Malachite's objections regarding its counterclaims. View More
