Switzerland suspends MFN status; impacts India. Switzerland Suspends MFN Clause in DTAA with India: Implications for Tax Liabilities Switzerland recently announced the suspension of the Most Favoured Nation (MFN) clause in its Double Tax Avoidance Agreement (DTAA) with India, effective January 1, 2025. This decision, while technically grounded in procedural nuances, could have far-reaching consequences […]
Adani opts out of US Colombo funding. Gautam Adani-owned Adani Ports and Special Economic Zone (APSEZ) Limited has decided to withdraw from a $553 million loan agreement with the US International Development Finance Corporation (DFC). The project, part of the West Container Terminal development, is a strategic initiative aimed at enhancing Sri Lanka’s maritime infrastructure.
RBI Holds Repo Rate, Lowers GDP Forecast The Reserve Bank of India (RBI) decided to leave the policy repo rate unchanged during its latest monetary policy meeting, marking the 11th consecutive instance of maintaining the status quo. However, in a significant move, the central bank revised its GDP growth forecast for the current fiscal year
Lok Sabha adjourned amid Adani, Sambhal protests. The Lok Sabha witnessed chaotic scenes as members of the Congress and Samajwadi Party (SP) stormed into the Well of the House, while other Opposition members stood in the aisles, raising slogans and demanding answers on key issues. The uproar primarily revolved around the Adani Group and the
Lok Sabha adjourned amid Adani, Sambhal protests. Read More »
TotalEnergies halts Adani investments over bribery charges. French oil giant TotalEnergies has decided to halt further investments in the Adani Group, citing concerns over bribery allegations. The decision comes in response to charges filed in the United States that accuse certain individuals within the Adani Group of involvement in a bribery scheme. TotalEnergies, which has
TotalEnergies halts Adani investments over bribery charges. Read More »
Azure whistleblowers allege bribery in Adani scandal. Former Azure executives and Indian business tycoon Gautam Adani have been implicated in an alleged bribery scandal, as revealed in unsealed court documents filed by the US Attorney for the Eastern District of New York and the FBI. The documents outline accusations of corruption and misconduct involving Azure
Azure whistleblowers allege bribery in Adani scandal. Read More »
Congress demands JPC probe after Adani charges. Congress has called for a Joint Parliamentary Committee (JPC) investigation into ongoing scams, citing the recent US indictment of Indian billionaire Gautam Adani as a key example. The party argues that the charges against Adani, related to a massive bribery scheme, highlight the urgent need for a thorough
Adani faces US charges: $250M bribery. Shares in the Adani Group took a significant hit after US prosecutors accused billionaire Gautam Adani and associates of deceiving investors in a $250 million bribery scheme. The charges allege that Adani’s network manipulated financial statements and concealed vital information to secure profitable contracts, casting doubt on the conglomerate’s
IPL 2025 Auction Top List: Pant, Iyer, Rahul, Buttler, Shami The IPL 2025 mega auction is set to be a highly anticipated event, offering 204 available slots for teams to strengthen their squads.The announcement has generated excitement among cricket fans Players like Rishabh Pant, Shreyas Iyer, K.L. Rahul, Jos Buttler, and Mohammed Shami are among
IPL 2025 Auction Top List: Pant, Iyer, Rahul, Buttler, Shami Read More »
Turkey halts oil exports to Israel amid tensions According to Xinhua news agency, while Turkey has officially imposed restrictions on direct trade with Israel, oil shipments from Azerbaijan have still been allowed to pass through Turkish ports on their way to Israel. This has raised questions about the effectiveness of Turkey’s embargo and its true
Turkey halts oil exports to Israel amid tensions Read More »
