GIFT City is drawing strong interest from multinational companies, with JPMorgan saying more than 100 firms are exploring banking and payment solutions for corporate treasury operations. GIFT City’s tax incentives, single regulator, foreign currency capabilities and growing banking ecosystem are…
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The tribunal rejected the contention, relying on earlier decisions that held receipts from providing ground handling and engineering services to other airlines are independent commercial activities and don’t qualify for treaty protection.
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The ITAT has ruled that Cloudera’s software subscription fees from Indian customers are not taxable in India as royalty or technical service fees, providing relief to the US company. However, it held that customised professional services qualify as taxable fees…
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As generative artificial intelligence (Gen AI) moves beyond experimentation into enterprise-scale deployment, business leaders are increasingly grappling with the economics of AI agents rather than the technology itself, according to a new McKinsey report.
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EY India has launched its integrated cyber performance management platform. This new platform combines AI and cybersecurity for enhanced threat detection. It aims to improve response times and analyst efficiency significantly.
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Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicate interest at $4.5 billion, while domestic ones value it lower. This contrasts sharply with its $7 billion valuation from last October’s fundraise. The company aims…
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