BUSINESS
MNCs stare at tax notices over corporate guarantees extended to Indian subsidiaries
The Indian units of MNCs typically pay their foreign parents 1-2% of outstanding debt as a fee for such guarantees. The foreign parent companies have been considering this payment as interest and arguing that it should be taxed at a lower rate.
BUSINESS
More trouble for Diageo as CAG points to lapses in liquor quality control in Delhi
In a report on Delhi Liquor policy, CAG has pointed out that Delhi's excise department issued licenses to wholesalers despite compliance lapses.
BUSINESS
US funds have lost 20% of portfolio value in India since September
US funds owned shares worth Rs 26.61 lakh crore as on February 28 compared to Rs 33.3 lakh crore in September 2024
BUSINESS
Foreign funds may be stuck with tax credits with little use as they sell Indian shares
The recent FPI sell off in the market has resulted in incidence of significant capital gains in India, experts say
BUSINESS
FPI sell-off may give a boost to government's capital gains tax collection
Moneycontrol analysis shows that in the recent past, whenever FPIs sold in big amounts, capital gains tax collection has risen
BUSINESS
HNIs rush to consultants over Donald Trump's plan to replace EB-5 visa with 'gold card'
While EB-5 offers permanent residence for a $1.05-million investment, the 'gold card' will likely require a $5-million commitment
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
