The financial year will be positive in terms of foreign investment in India

financial

US President Donald Trump on April 9 announced a 90-day pause on his sweeping tariffs on all countries except China. In an email interview with Devanshu Singla, Pranav Haridasan, managing director (MD) and chief executive officer (CEO), Axis Securities, said Trump’s announcement provides temporary relief but does not end the uncertainty. Edited excerpts: How do … Read more

World Bank Lowers India’s Economic Growth Forecast

World Bank

The World Bank on Wednesday lowered India’s growth forecast for FY26 to 6.3 per cent due to an “increasingly challenging global environment”. The World Bank has cut its previous forecast for October 2024 by 40 basis points. According to the World Bank’s South Asia Development Update report, “The benefits to private investment from monetary easing … Read more

India Emerges as Growth Engine for MNCs, Boosts Contribution to Global Volume Growth 8-Fold

MNCs

India’s contribution to the global volume growth of consumer products is tremendous. Its contribution to growth during the last five years (2019 to 2024) has increased the volume share by 2 to 8 times compared to the previous year in various categories. This has made India a strong growth engine for major consumer goods multinational … Read more

Amazon to Google, SaaS companies in India worried about the tax burden

income tax

Many foreign companies providing Software as a Service (SaaS) products like Amazon, Microsoft, Google, Oracle, IBM, and Salesforce have received a new notice of tax demand from the Income Tax Department for the financial years 2021-22 and 2022-23. According to sources, the tax department has issued assessment orders to these companies. Under this, the income … Read more