The US-India technology corridor, long seen as a mutually beneficial partnership, is facing fresh turbulence. A new piece of legislation introduced in the US Congress, the “Halting International Relocation of Employment Act” or HIRE Act, has the potential to upend the foundational model of India’s thriving IT services industry and emerging Global Capability Centres (GCCs).
The UAE has introduced two new ministerial decisions aimed at clarifying how corporate tax rules apply to Free Zone businesses, providing much-needed precision on qualifying activities and acceptable pricing benchmarks.
Probing a massive racket that involved laundering black money out of the country, ED Saturday arrested Amit Agarwal, who has been allegedly found to have used shelf entities to send Rs. 697 crore to Hong Kong and Singapore under the guise of import of goods and services, which were neve received.
US President Donald Trump on Monday threatened countries that impose digital taxes with “subsequent additional tariffs” on their exports to the United States. He said the penalties would remain unless such legislation was removed.
In a key clarification for retail borrowers, the Ministry of Finance has said that banks cannot reject loan applications from first-time applicants merely because they do not have a credit score.
The Directorate of Enforcement (ED), Hyderabad Zonal Office, arrested chartered accountant Sharad Chandra Toshniwal on Wednesday, August 20 in connection with the Capital Protection Force Pvt. Ltd. case involving Amardeep Kumar and others.
The authorities have detected 61 cases of tax evasion by dealers of tobacco products such as gutka, cigarettes and pan masala across the country, amounting to ₹104.38 crore till June this financial year.
Veteran actor Anupam Kher returned to direction with Tanvi The Great, 23 years after his directorial debut Om Jai Jagadish. Starring debutante Shubhangi Dutt in the titular role, the Hindi film released in theatres on July 18, 2025.
The government is estimated to have forgone around ₹99,000 crore in revenue in the 2023-24 fiscal on account of tax incentives extended to corporates, Minister of State for Finance Pankaj Chaudhary said on Tuesday (July 22, 2025).
India’s financial crime agency has filed a complaint against Myntra Designs Pvt Ltd and its affiliated firms for alleged violations of foreign exchange rules involving ₹1,654.35 crore, according to a statement on Tuesday.
