Officials can deny benefits if tax relief found sole motive
New Delhi: India has empowered tax authorities to deny treaty benefits on Mauritius-routed investments where securing tax relief was one of the principal purposes of…
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, Karnataka
Mumbai: Insurers are bracing for crop insurance claims in Maharashtra, Karnataka and Andhra Pradesh, as weather-related losses threaten to push up payouts. In Maharashtra, insurers’…
Wholesale inflation hits series high of 11.4% in September as fuel, food prices surge
New Delhi: India’s wholesale inflation surged to a series high of 11.4% year-on-year in September, from 9.9% in August, driven by rising prices of fuel,…
CBDT nudges 12,000 tax professionals to file pending audit reports
New Delhi: The Central Board of Direct Taxes (CBDT) has expanded its data-driven SAKSHAM NUDGE campaign to tax professionals, reaching around 12,000 practitioners with targeted…
‘Data centres must be seen as strategic infrastructure’: Niti Aayog report
New Delhi: Data centres must be treated as strategic infrastructure rather than just investment projects, Niti Aayog said on Wednesday, urging states to adopt a…
NITI Aayog proposes higher social discount rate for project appraisal
New Delhi: A NITI Aayog working paper has proposed raising the social discount rate (SDR) for the appraisal of projects with a time horizon of…
Healthtech startup Confido Health raises $12.5 million in funding led by Z47
US-based healthcare technology startup Confido Health has raised $12.5 million in an extension round led by venture capital firm Z47, taking its total funding in…
Zetwerk raises Rs 2,251 crore from anchor investors ahead of IPO
Business-to-business manufacturing platform Zetwerk has raised Rs 2,251 crore from 99 anchor investors, including Capital Group, BlackRock, Goldman Sachs and sovereign wealth funds of Norway…
Canada sees scope for more investments in India after Fairfax-IDBI bank deal, says Minister Sidhu
Mumbai: Canada’s Minister of International Trade, Maninder Sidhu, has welcomed the investment potential between India and Canada, highlighting the role of Canadian companies, institutions and…
DGFT speeds up silver imports through IIBX, other nominated agencies
New Delhi: The government has introduced a simplified, self-declaration-based procedure to speed up the issuance of import authorisations for certain silver items, aiming to reduce…