India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a government order showed, for one of the biggest such demands in recent years. The demand represents a substantial chunk of last year’s net profit of $955 […]
In one of the largest commercial office space rental deals in the Pune real estate market, Panchshil Business Spaces Pvt Ltd has leased over 7.71 lakh sq. ft. to CitiCorp Services India Pvt Ltd for approximately 10 years, with a total rent of around ₹1,096 crore, according to property registration documents accessed by CRE Matrix. […]
The Rubber Board has initiated action to implement certifying NR under Indian Sustainable Natural Rubber (iSNR) and for EUDR compliance. Such action has been necessitated because natural rubber and its derivatives are EU-listed commodities for deforestation-free regulations. M. Vasanthagesan, Executive Director, Rubber Board, inaugurated the EUDR sensitisation programme for representatives from rubber plantation companies in […]
The government has said that India imported 1.82 per cent of the country’s total tea production in 2023-24. Replying to a query on tea import to India, Jitin Prasada, Union Minister of State for Commerce and Industry, said in a written reply in the Lok Sabha on Tuesday that overall Indian tea imports were 25.21 […]
The tax demand constitutes a significant portion of Samsung’s net profit in India, which stood at $955 million last year. (AFP Photo) India’s tax authorities have demanded Samsung and its local executives to pay $601 million as back taxes and penalties for allegedly evading tariffs whilst importing essential telecommunications equipment, a Reuters report says. This […]
New Delhi [India], March 25 (ANI): India’s economy is expected to show resilience despite trade tensions arising from US President Donald Trump’s tariff threats, according to a report by S&P Global. The report highlighted that economies with a significant share of service exports, such as India and the Philippines, will be less affected by tariff […]
Air India said on Tuesday that all staff, including top management, would travel in economy from April 1 to free up seats for paying customers, as the airline works on improving its image following criticism over flight delays. Staff would be upgraded to premium economy and business class seats on a flight only if these […]
Alembic Pharmaceuticals Ltd has entered into a strategic commercial agreement with Amlan International — the animal health business of Oil-Dri Corporation of America — for introducing cutting-edge poultry health solutions to the Indian market. This collaboration will expand access to advanced feed additives that improve gut health, nutrient absorption, and feed conversion ratio (FCR), ensuring […]
US President Donald Trump on Monday announced high tariffs on imports from countries buying Venezuelan oil and gas—a move that could impact India, China, and others while fueling global trade tensions.“Venezuela has been very hostile to the United States and the Freedoms which we espouse. Therefore, any Country that purchases Oil and/or Gas from Venezuela […]
The Bar Council of India (BCI) has cautioned lawyers and legal influencers against unethical advertising and misleading promotional activities on social media. The regulatory body has warned against the “increasingly prevalent and unethical practice of advocates advertising their legal services through social media, promotional videos, and influencer endorsements”. BCI principal secretary Srimanto Sen said, “The […]
