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The Centre has proposed ending a long-standing tax uncertainty for Indian units of overseas tech services firms and global capability centres (GCCs) by setting a uniform profit margin for taxing their IT.
The Centre on Sunday laid out a proposal for global cloud service providers such as Microsoft, Google and Amazon to use more of Indian data centres, promising zero tax on global cloud services provided by.
3 min readMumbaiFeb 1, 2026 01:20 PM IST Markets reel as proposed STT hike on futures sparks heavy sell-off, dragging Sensex down over 2,000 points before a partial recovery. (File)The government...
Venezuelan acting President Delcy Rodriguez announced a general amnesty bill that could see the release of hundreds of political prisoners, including opposition leaders, journalists and human rights activists.
Bavaria's AfD suggests a police unit similar to US immigration agency ICE for tracking asylum seekers and deportations, amid criticism of ICE's harsh tactics and recent deadly incidents.
Market regulator Securities and Exchange Board of India (Sebi) has proposed an asset under management (AUM) threshold of Rs 20,000 crore to consider a benchmark or index as 'Significant Indices'.
It has been two decades since the licensing of UCBs was put on hold by the RBI as it was found that a large number of the newly licensed UCBs became financially unsound within a short period.
India proposes requiring smartphone makers to share source code with the government and make several software changes as part of a raft of security measures, prompting behind-the-scenes opposition from giants like Apple and Samsung. The tech companies have countered that the package of 83 security standards, which would also include a requirement to alert the […]
