CATEGORIES

Tax blow to Swiss arms of India Inc

THE TAX LIABILITY OF several Indian companies, which have operations in Switzerland, including bellwether IT and pharma firms, may rise with the central European country announcing a decision to increase the withholding tax on dividends their Swiss arms pay to Indian parents under the 'source rule', from 5% to 10%, effective January 2025.

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

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

Kerala CM asks states to boost cooperation

Chief Minister Pinarayi Vijayan said on Thursday that Kerala and Tamil Nadu put forward a model of coexistence and cooperation that should spread through other states as well.

CE20 cryogenic engine of Isro passes critical test

THE INDIAN SPACE Research Organisation (Isro) on Thursday said it has achieved a major milestone after its CE20 cryogenic engine passed a critical test in ambient condition, featuring restart enabling systems.

PM stresses IMEEC in talks with UAE leader

● Says corridor a historic initiative for connectivity

Kejriwal promises to raise women allowance after poll

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 all surveys till further orders

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.

Prez-elect antitrust trio to go hard on Big Tech

President-elect Donald Trump's antitrust picks are likely to take a hard-line on the tech giants, and a harder line on corporate consolidation than the average Republican.

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 US ally into turmoil.

Biden pardons 39, commutes sentences of 1,500 others

OUTGOING US PRESIDENT Joe Biden said on Thursday he was pardoning 39 people convicted of non-violent crimes and commuting the sentences of nearly 1,500 others who were serving long prison terms.

ECB cuts rate for 3rd straight time as inflation nears 2%

THE EUROPEAN CENTRAL Bank lowered interest rates for a third consecutive meeting, signaling more reductions next year as inflation nears 2% and the economy struggles.

China vows bigger fiscal spending for economy

TO RECHARGE GROWTH AHEAD OF LOOMING US TARIFFS

Boeing still struggling to make its best-selling jet - 737 MAX

SINCE A CRIPPLING strike at many of Boeing's US plane factories ended more than a month ago, progress ramping up production of its best-selling 737 MAX jet has been deliberately slow.

The need for speed

●What Zepto Café needs to do to succeed in a new market

Welcome to RBI, Governor Malhotra

RBI SHOULD MANAGE THE FX MARKET IN A WAY THAT PERMITS HIGHER VOLATILITY

90% vs the rest

Problem is that investments are going mainly to states with a head start in industrialisation

Transforming education

One of the cornerstones of PM Modi's Viksit Bharat mission is the New Education Policy, which takes a holistic and culture view of education

Exxon Mobil plots way back to a league of its own

IF ANYTHING DIFFERENTIATES Exxon Mobil Corp. from the rest is its ability to invest countercyclically – to be \"greedy only when others are fearful,\" in Warren Buffett's words.

Indices settle lower as caution over inflation blunts IT rally

Shares fell on Thursday, weighed by a retreat in all sectors, barring information technology, because of caution ahead of inflation data.

Jubilant FoodWorks falls after Coke bottler deal

SHARES OF JUBILANT FoodWorks fell over 5% on Thursday, a day after the Jubilant Bhartia Group agreed to pick up a 40% stake in Hindustan Coca-Cola Beverages (HCCB).

Sebi trying to reduce float of ₹4.5 lakh cr lying with intermediaries

WITH MEASURES SUCH as T+0 settlement and UPI block mechanism for the secondary market, Sebi is trying to reduce the cash-equivalent collateral of over ₹4.5 lakh crore lying with intermediaries and bring in more transparency, whole-time member Ananth Narayan said on Thursday.

Macquarie sees 21% upside for Delhivery

SHARES OF LOGISTICS solutions provider Delhivery on Thursday gained nearly 3.2% on the BSE to its intraday high of ₹391.30 as global brokerage firm Macquarie has maintained its 'outperform' rating on the stock along with a 12-month target price of ₹460, implying an upside of more than 21%.

NBFCs mop up over ₹10,000 cr via bonds

AS THE CALENDAR year draws to a close, the fundraising activity of non-banking financial companies (NBFCs) has gained momentum.

Sebi board may widen UPSI scope, tighten SME rules

THE BOARD OF the Securities and Exchange Board of India (Sebi), in its meeting on December 18, is likely to approve a slew of measures, including tighter norms for small and medium enterprises (SME) listing, review of custodian and merchant banker regulations and expansion of the definition of unpublished price sensitive information (UPSI).

NBCC to be consultant for 16 projects of Supertech

INSOLVENCY APPELLATE TRIBUNAL NCLAT has appointed state-owned NBCC as a project management consultant to complete debt-ridden realty firm Supertech's 16 real estate projects at a cost of nearly ₹9,500 crore, a move that will provide relief to thousands of homebuyers.