The government has amended Indian Accounting Standard (Ind AS) 1 on Presentation of Financial Statements, mandating that from FY26 loans must be reclassified as current if covenant breaches exist, even when waivers are obtained later. The change raises two questions:…
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The US government plans to reform the H-1B visa and green card system. Commerce Secretary Howard Lutnick calls the current H1-B visa system a scam. The Trump administration aims for wage-based immigration and merit-driven selection. The goal is to replace…
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Tata Consultancy Services is expanding its presence in Bengaluru. The company has leased 1.4 million sq ft of office space at 360 Business Park. The lease is for 15 years and will commence in 2026. TCS is also investing in…
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Trump India Tariffs Impact: US 50% tariffs on Indian exports take effect tomorrow, targeting textiles, seafood, gems, jewellery, and leather. Analysts warn the move could threaten millions of jobs and shave 0.5% off India’s GDP.
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Ashok Leyland’s CFO, KM Balaji, anticipates that the proposed GST rationalization, particularly a reduction from 28% to 18% for commercial vehicles, will significantly boost demand, especially among smaller fleet owners and first-time buyers.
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Indian exporters are bracing for a significant blow as the United States imposes an additional 25% tariff on Indian goods, potentially raising duties to 50%. Export organizations warn of job losses and reduced competitiveness, particularly in textiles, seafood, and labor-intensive…
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