BUSINESS
Why is the Indian government selectively approving Chinese technology JVs?
India has so far given its go-ahead to several joint venture deals involving Chinese entities, including Huaqin and Transsion Technology.
BUSINESS
Ireland emerges as fourth largest FPI source for India as ICAV Funds gain popularity
Ireland displaces Mauritius and Singapore to rise to the fourth spot in last two years
BUSINESS
Private equity funds likely to face greater CCI scrutiny on small minority investments too
The Commission held that OCDs bought by Goldman in Biocon Biologics, translating to a 3.8% stake, were not a passive investment due to special information rights.
BUSINESS
Centre's retrospective GST amendment in Budget 2025 may face legal scrutiny
The review petition filed by the Finance Ministry is expected to come for hearing by end of February, when the apex court may decide if the amendments are maintainable.
BUSINESS
Rs 15.4 lakh crore stuck in tax disputes, up 50% since FY20: MC Analysis
A fifth of cases have been lingering for more than over 5 years. While income tax accounted for 81 percent of the amount under dispute in FY15, its share increased to 86.8 percent in FY24
BUSINESS
Non-bank FPIs at Gift City to gain from tax relaxation on p-notes
Post Budget 25, not only banks but all FPIs in the IFSC can avail of tax exemptions on p-notes.
BUSINESS
Corporate debt may get costlier as government proposes 12.5% LTCG tax for FPI debt instruments
In the budget, the government plugged a key loophole in tax rules which allowed FPIs to enjoy a 10% LTCG rate on non-equity investments.
BUSINESS
DeepSeek brings focus back on data security concerns over Chinese apps
Deepseek launched its AI assistant on the app stores last week and took the world by surprise due to its low cost of production compared to rivals such as OpenAI's ChatGPT
BUSINESS
Budget 2025: SWFs, pension funds seek extension of tax exemption on infra investments
The special exemption for such investments ends on March 31. Section 10(23FE) of the I-T act exempts dividend, interest and long-term capital gains accrued on infrastructure investments
BUSINESS
Abhishek Lodha’s Macrotech sues brother Abhinandan Lodha
The case likely to be heard by Bombay High Court later this week
BUSINESS
Dark pool platforms under focus post-Sebi’s Ketan Parekh order
Several FPIs are using these platforms to find counterparties for trades
BUSINESS
Anson Funds, in focus over Hindenburg ties, is a registered FPI in India
The Toronto-based hedge fund in collusion with Hindenburg Research allegedly prepared bearish reports on certain companies, Canadian court filings show
BUSINESS
FEMA changes may bolster Rupee, say analysts
On Thursday, the RBI allowed non-residents to open Rupee accounts overseas to pay for Indian imports.
BUSINESS
Singtel, KKR agreed to put in checks to address CCI concerns on $ 1.3-billion data centre deal
Singtel and KKR, which together picked up a 26% stake in STT GDC for $1.3 billion in 2024, agreed to safeguards after CCI raised several red flags
BUSINESS
India Inc’s overseas investment surged 50% to $32.5 billion in 2024
L&T, Tata Steel and state-owned Bharat PetroResources are among the companies that made substantial investments overseas in 2024
BUSINESS
Big Four consultancies ask employees to go slow on work travel, use public transport
The development assumes significance as work-related travel is a key expense for the firms. The Big Four consultancies cited net-zero goal as another reason behind the move
BUSINESS
Sebi asks IPO-bound companies to disclose whistleblower complaints
The development comes as the market regulator made a rare intervention to stop IPOs of at least two companies in the recent past after whistleblower complaints alleged lapses in disclosures made in their offer documents
BUSINESS
China's central bank owns Rs 40k-crore portfolio in India, even as ties remain turbulent
PBOC owns shares in atleast 35 Indian listed companies including ICICI Bank, HDFC Bank and Infosys
BUSINESS
Deloitte ignored red flags raised by lender in Zee Entertainment audit case: NFRA
On Dec 23, NFRA imposed a Rs 2 crore fine on Deloitte, barred partner A.B. Jani from audits for five years, and restricted another partner, Rakesh Sharma, for three years
BUSINESS
India Inc boardrooms look younger with a third of new directors aged below 30
The development comes as new company incorporations are taking off in a big way as more Indians try their hands at entrepreneurship
BUSINESS
New rules tighten use of AI models by investment advisers for stock picking
Sebi has made IAs accountable for risks caused due to the use of AI tools and made must the disclosure of extent of use of such tools
BUSINESS
Setback from SC may cause further delay in CCI probe into e-commerce platforms
The Supreme Court on Friday said it cannot give ‘special treatment’ by transferring the 24 petitions in question.
BUSINESS
India FPIs managed by Swiss banks UBS, Credit Suisse, others could be hit by higher dividend tax
The Swiss government on December 13 announced the rollback of the beneficial 5 percent dividend tax rate for entities with India income following the Supreme Court's verdict in the MFN case
BUSINESS
What Sebi’s new clarification means to investors buying unlisted shares
Sebi has clarified that many platforms selling unlisted shares are violating security market rules. The regulator also cautioned investors not to transact or share any sensitive personal data on such platforms.
