Tata Sons is exploring various scenarios to address the pressure from the Shapoorji Pallonji Group for a possible share sale. Options include a public listing, stake sale, or buyout of the minority stake. However, these outcomes are not expected immediately…
Read More
India is projected to see its digital economy grow nearly twice as fast as the overall economy, contributing to about one-fifth of national income by 2029-30. The cloud services market and the global capability centre sector are identified as the…
Read More
With the Union Budget around the corner, startups and venture capital firms are readying a wishlist from the government. The industry has sought rationalisation of the tax regime covering the employee stock ownership plan (Esop). Currently, Esops are taxed twice—as…
Read More
RBI Monetary Policy Committee member Nagesh Kumar suggests having two inflation rates—one including food prices and the other without—to enhance policy decisions. Chief Economic Advisor advocates for excluding food inflation in rate setting, highlighting factors like seasonal demand-supply mismatches. India’s…
Read More
The CBDT has clarified that the Principal Purpose Test (PPT) will apply prospectively, ensuring that past investments under tax treaties with Mauritius, Cyprus, and Singapore are not affected. This provides investors relief, as existing grandfathering provisions will be respected. The…
Read More
Currently, India relies heavily on walnut imports from Chile and the USA to meet domestic demand.
Read More