Other key items on the agenda included simplifying compliance for foreign portfolio investors (FPIs), relaxing the regulation for accredited investors in certain alternative investment funds (AIFs), expanding the scope of rating agencies’ activities, and granting equity status to REITs and…
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INDIA-MARKETS/RUPEE (URGENT)Indian rupee drops to lifetime low on persistent US tariff strain
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Despite initial fears of economic disaster, the global economy has shown surprising resilience to Trump’s tariffs. While economists predicted disruptions and recession, the impact has been muted due to producers absorbing costs and countries avoiding retaliation. However, the long-term effects…
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Pace Digitek, a telecom solutions provider, is set to launch an IPO. The company aims to raise ₹900 crore. SEBI has approved the IPO plan. The funds will boost Pace Digitek’s battery energy storage systems. A portion of the proceeds…
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Karnataka State Chartered Accountants Association (KSCAA), CIRC of ICAI, and Advocates Tax Bar Association (ATBA) have urged the Ministry of Finance to address critical issues with the e-filing ITR portal. They highlighted glitches, delayed form releases, and overlapping compliance burdens.…
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India’s $283 billion information technology sector has thrived for more than three decades exporting software services, with prominent clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot. It has grown to make up over 7% of GDP.
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