Tax blow to Swiss arms of India Inc
Financial Express Hyderabad|December 14, 2024
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.

The India-Switzerland DTAA was last amended in 2010. The Swiss authorities feel that their interpretation of the treaty is not shared by the Indian counterparts. "In the absence of reciprocity, it therefore waives its unilateral application with effect from 1 January 2025," a statement by Switzerland's Federal Department of Finance said.

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Bu hikaye Financial Express Hyderabad dergisinin December 14, 2024 sayısından alınmıştır.

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Financial Express Hyderabad

Porsche billionaires are in a tight spot, again

PORSCHE AUTOMOBIL HOLDING SE sure knows how to do drama. Last week, the listed holding of the Porsche and Piech families warned it may have to book up to €22 billion ($23 billion) of impairments amid a decline in the market value of its 31.9% stake in Volkswagen AG and 12.5% economic interest in the Porsche AG automaker.

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3 dak  |
December 18, 2024
More Indians looking to fly biz class this holiday season
Financial Express Hyderabad

More Indians looking to fly biz class this holiday season

The number of Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year. While the trend is more pronounced in international travel, travel agents and online platforms suggest that it is also emerging on many domestic routes.

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2 dak  |
December 18, 2024
Q2 a blip, growth to pick up again: FM
Financial Express Hyderabad

Q2 a blip, growth to pick up again: FM

The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.

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1 min  |
December 18, 2024
Markets slump over 1%
Financial Express Hyderabad

Markets slump over 1%

● Investors' wealth down ₹4.92 lakh cr

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2 dak  |
December 18, 2024
EPFO weighs higher equity investments
Financial Express Hyderabad

EPFO weighs higher equity investments

● Labour ministry panel to look at ways to raise exposure

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2 dak  |
December 18, 2024
Indian firms turn to euro, yen swaps to trim borrowing cost
Financial Express Hyderabad

Indian firms turn to euro, yen swaps to trim borrowing cost

INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.

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2 dak  |
December 18, 2024
Financial Express Hyderabad

IIT-Madras to offer fine arts, culture courses

In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.

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1 min  |
December 18, 2024
Financial Express Hyderabad

The world's busiest airline routes in 2024 are largely in Asia

Leisure continues to outshine corporate trips

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1 min  |
December 18, 2024
Financial Express Hyderabad

Not even 2% work-linked higher education courses yet: Report

EVEN AS ASSORTED government schemes are a national skill mission aiming to make India's workforce more employable, the latest TeamLease EdTech survey has revealed that barely 2% of the higher education institutions (HEIs) in the country are offering degrees that are work-linked.

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1 min  |
December 18, 2024
Financial Express Hyderabad

SME IPOs fetch rich returns in Dec

THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.

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1 min  |
December 18, 2024