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India tightens Mauritius tax treaty rules to prevent misuse of tax benefits, effective August 10
Posted in Economy

India tightens Mauritius tax treaty rules to prevent misuse of tax benefits, effective August 10

The Finance Ministry has notified an amendment to the India-Mauritius Double Taxation Avoidance Agreement (DTAA), introducing a Principal Purpose Test (PPT) effective August 10. The…

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Posted in Economy

RBI open to more steps to curb FX speculation, Governor Sanjay Malhotra says

The Reserve Bank of India would consider further measures, if needed, to curb speculative trading in the foreign exchange market, Governor Sanjay Malhotra said in…

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The Nifty and Sensex gained about 1.6 per cent each on Tuesday, led by information technology stocks after HCLTech's quarterly earnings beat expectations. (Bloomberg/File)
Posted in Business

Sensex, Nifty open flat day after sharp rebound aided by IT, financial and FMCG shares

Sensex and Nifty opened flat on Wednesday after a sharp rally in the previous session, as elevated oil prices and sustained foreign fund outflows weighed…

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Except for the wording, nothing new really, except a lot we have already heard before—incident disclosure, independent audits, verifiable data, containment, governance and so on.
Posted in Business

Google’s space odyssey, assumed AI approach, and Microsoft redoes Copilot again

Cognitive warmup. Aside from calling it Super Intelligence because he perhaps felt the need to, Microsoft CEO Satya Nadella has suggested that we must treat…

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Posted in Economy

Piyush Goyal meets Rishi Sunak, Czech minister; trade, tech partnerships on agenda

New Delhi: Union Minister Piyush Goyal on Tuesday held separate meetings with Czech Republic Deputy Prime Minister and Minister of Industry and Trade Karel Havliček…

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The UPI rate deferment is temporary and a fresh implementation date will be announced after Diwali. (ANI/ Representational)
Posted in Business

National Payments body pushes UPI merchant discount rate implementation till after Diwali

The National Payments Corporation of India (NPCI), which operates India’s retail payments and settlement systems, on Tuesday deferred the implementation of a 0.4% merchant discount…

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India-US trade deal heading towards ‘landing point’, EAM Jaishankar says

External Affairs Minister S Jaishankar on Tuesday said negotiations on the India-US trade deal were heading towards a possible conclusion, with officials from both countries…

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IMF also noted India’s achievements in carving out a way to negate the trade disruption in the global economy. (AFP)
Posted in Business

India weathered global storm better than its peers, says IMF

The Indian economy is expected to grow at 7% in 2026-27 and 2027-28, retaining its status as the world’s fastest-growing economy, the International Monetary Fund…

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She attributed much of the pressure on the currency to external challenges, while maintaining that India’s macroeconomic fundamentals remained sound. (PTI)
Posted in Business

Debate on LTCG, securities tax ‘healthy’, says Finance Minister Nirmala Sitharaman

Finance minister Nirmala Sitharaman on Tuesday acknowledged the debate over long-term capital gains (LTCG) tax and securities transaction tax (STT), as well as the rupee’s…

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Spill Games: Spill Games raises $10.5 million led by Elevation Capital
Posted in Startups

Spill Games: Spill Games raises $10.5 million led by Elevation Capital

Bengaluru-based mobile gaming startup Spill Games has raised $10.5 million in a round led by Elevation Capital, with existing investors Centre Court Capital and PeerCapital…

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