The US Department of Labor is investigating alleged visa fraud. This probe could affect major Indian outsourcing companies operating in America. Cognizant is named in the current reported investigation, with others unclear. The department has issued subpoenas to uncover fraudulent…
Read More
RBI faces a challenge unwinding its large bearish dollar bets. The central bank has begun trimming its massive short dollar forward position. This unwinding must be carefully managed to avoid currency market destabilization. Recent measures aim to attract foreign capital…
Read More
Overseas financial account information will now be included in taxpayers’ Form 26AS. This move will allow taxpayers to view their foreign financial data with the Income Tax Department. It helps reconcile overseas income and assets with tax filings effectively. The…
Read More
India should remain patient and avoid making early concessions in its ongoing trade negotiations with the United States, as Washington’s current negotiating style relies heavily on strategic uncertainty and issue-linking to maximise leverage, according to an SBI Ecowrap research report…
Read More
In separate submissions to the USTR as part of the ongoing public hearing on the probe (July 7-9), industry bodies said the existing India-US Trade Policy Forum should be used to address concerns instead of imposing tariffs.
Read More
Unlisted bonds now form a larger part of corporate debt sales. Companies like Bajaj Finance and Vedanta prefer these deals for fewer disclosures. Market data shows unlisted debt accounted for forty percent of issuances in May. Several large unlisted borrowings…
Read More