U.S. economic growth is showing signs of deceleration, Federal Reserve Chair Jerome Powell stated, citing modest consumer spending and tariff-related import surges. Despite this slowdown, the economy and labor market remain robust. The Fed is closely monitoring the impact of…
Read More
Chinese firms like Shanghai Highly and Haier are now more willing to accept Indian conditions for expansion, including minority stakes in joint ventures, due to escalating US tariffs and the lure of India’s large market. Shanghai Highly is reviving talks…
Read More
The US has excluded electronics from steep tariffs it imposed on Chinese-made goods exports while pausing reciprocal tariffs on India and over 75 other countries. US President Donald Trump, however, said he would soon announce fresh tariffs on electronics, including…
Read More
Wipro’s performance has been impacted by market uncertainties, leading clients to adopt a cautious approach towards transformation projects. The company’s Q4 results disappointed investors, with revenue declining for the second consecutive year. Clients are pausing projects and focusing on cost…
Read More
Andhra Pradesh Chief Minister N Chandrababu Naidu urged the Sixteenth Finance Commission to increase the vertical devolution of central taxes to 50% and provide special financial assistance to rebuild the state.
Read More
A recent Mumbai ITAT ruling offers relief to homeowners in redevelopment projects. The tribunal held that receiving a new flat in exchange for an old one is not taxable under Section 56 of the Income Tax Act. This exchange should…
Read More