CATEGORIES

Tax blow to Swiss arms of India Inc

AT PRESENT, THE MFN clause in the DTAA enables Indian subsidiaries in Switzerland to pay a lower rate of withholding tax to Swiss authorities on certain types of incomes, namely dividends, interest, royalties, or fees for technical services.

Apple to assemble AirPods in Telangana by early 2025

APPLE WILL BEGIN producing its AirPods wireless earphones in India for the first time early next year, marking a milestone in the iPhone maker's steady push to diversify beyond China.

Shorter furloughs, weak Re may aid IT firms' Q3 margins

SHORTER FURLOUGHS THAN last year, when they were extended due to soft demand scenario, coupled with depreciating rupee, are expected to protect the margins of IT firms during the October-December period, which is otherwise seen as a weaker quarter.

V-shaped recovery seen for indices

STRONG BUYING IN index heavyweights like telecom, IT, FMCG, and banking sectors fuelled Friday's rally.

Tier 4 towns, Gen Z boost Meesho's orders

E-COMMERCE UNICORN MEESHO, which primarily serves shoppers beyond tier 1 cities and metros, has recorded a 35% year-on-year rise in the number of orders placed on its platform this year.

Carlyle mulls $1-bn IPO of Quest Global

THE CARLYLE GROUP is considering an initial public offering of engineering services firm Quest Global Services in India, people familiar with the matter said, amid increasing investor interest in the nation's stock market.

SaaS startups shift focus to tier 2, 3 cities

SAAS (SOFTWARE AS a Service) startups, once primarily targeting global markets, are increasingly turning their attention to India's tier 2 and 3 cities to fuel growth.

Zepto FY24 revenue more than doubles to ₹4,454 cr

● Eyes profitability and listing by FY26

PV sales grow 4% in Nov, but two-wheelers see 1% decline

HIGH INVENTORIES

ONGC likely to list green energy arm in 2025-26

GOING PUBLIC

Samvidhan not Sangh ka vidhan, fear spreading, learn from 1975: Priyanka

OPENING FOR THE Opposition in the Lok Sabha discussion on the Constitution,

Allu Arjun arrested, given bail on way to jail

TELUGU FILMSTAR ALLU Arjun was arrested on Friday morning from his house in Hyderabad in connection with a stampede at the premiere of his film, Pushpa 2, earlier this month.

PF withdrawals via ATMs likely from early next year

● Current checks and balances may get reduced

Samvidhan not Sangh ka vidhan, fear spreading, learn from 1975: Priyanka

● No problem with caste census, minister says

Chief secys' meet to focus on development

● The conference will delve into six core areas

Table tennis body anti-competitive: CCI

The Competition Commission of India (CCI) has issued a cease-and-desist order against the Table Tennis Federation of India (TTFI) and its affiliates for the abuse of dominant position in the market.

Parliamentary panel calls for higher MGNREGA wages

FLAGGING LOW WAGES under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a Parliamentary panel has asked the rural development department to increase wages in the scheme by linking it to a suitable index commensurate with inflation.

Capex pace to be kept in FY26 too: Minister

THE CENTRE WILL strive to achieve the capital expenditure target of ₹11.11 lakh crore in FY25, minister of state for finance Pankaj Chaudhary said on Friday.

Delhi-Mum Expressway completion soon: Gadkari

GOVT TO SET A TARGET OF 12,900 KM, DESPITE SLOW PACE IN H1

MoSPI prepares 5-year roadmap with focus on AI

THE MINISTRY OF statistics and programme implementation (MoSPI) has devised a five-year 'vision document', likely to be launched in April 2025, creating a roadmap for improvement of the statistical system in the country.

At 18, Gukesh is world's youngest chess champion

● Second Indian after Anand to win global title

Food, beverages at airports excessively priced: Flyers

A significant percentage of airline passengers said food and beverages that are sold at airports in the country are \"excessively\" priced, with some passengers paying more than 200% than at organised retail and railway stations, according to a survey.

AI stocks fuel much of bull run since 2022

BIG TECH HAS STAKED SOME OF ITS FUTURE ON AI

PSUs spur impact across sectors through CSR activities

Public Sector Undertakings accounted for 26.23 per cent of the total CSR spending in FY 21-22, a recent CSR spending report revealed

A Tool for National Development: Driving impactful change

Transcending the status of just being buzzword, CSR has become a vital component of corporate governance and PSUs in India, are at the forefront of this revolution

AAP vows to raise allowance for women

WITH AN EYE on the upcoming Delhi Assembly elections, AAP national convenor and former chief minister Arvind Kejriwal on Thursday announced that the monthly allowance given to women under the Mahila Samman Rashi scheme would be increased to ₹2,100 from ₹1,000 if the party returned to power next year.

Places of Worship Act: SC stops surveys till decision

UNDERLINING THAT \"NO effective orders\" can be passed, the Supreme Court on Thursday barred civil courts across the country from registering fresh suits challenging the ownership and title of any place of worship and from ordering surveys of disputed religious places until further orders.

Aspirational India, states & 16th Finance panel

As India has become more aspirational, state governments, cognizant of their prime role in accomplishing the national aspirations, have demanded that the 16th Finance Commission increase their share in the divisible pool of taxes to at least 50% to reduce the congenital inequality between the Union and the states.

India votes in favour of UN resolution seeking Gaza truce

INDIA VOTED IN favour of a UN General Assembly resolution that demanded an immediate, unconditional and permanent ceasefire in Gaza and reiterated the demand for immediate and unconditional release of all hostages.

S Korean President vows a 'fight to the end', bets on allies' support

SOUTH KOREAN PRESIDENT Yoon Suk Yeol said on Thursday he would \"fight to the end\" as his own political party shifted closer to voting with the opposition to impeach him over his short-lived martial law order that threw the U.S. ally into turmoil.