10 articles and updates curated for tax and business readers.
German industrial production rose less ?than ?expected in April and economists ?said the outlook for Europe's largest economy remains weak, despite an unexpected ?increase in exports.Industrial production rose by 0.4% in April compared with the previous month, the federal stat...
Wang Chuanfu, chairman of BYD, ?on ?Tuesday said he expected the ?Chinese firm to become the world's largest automaker within five years, as ?he sought to reassure investors following a steep decline in the company's share price.BYD, which ranked ?sixth globally in 2025 with 4...
Beijing: China's domestic ?car demand ?has declined more sharply ?than expected at the start of the year and will likely ?remain under ?heavy ?pressure throughout 2026, an ?auto association executive said on Wednesday."Stabilizing domestic demand this year should be regarded a...
Beijing: China's domestic ?car demand ?has declined more sharply ?than expected at the start of the year and will likely ?remain under ?heavy ?pressure throughout 2026, an ?auto association executive said on Wednesday."Stabilizing domestic demand this year should be regarded a...
The closure of the Strait of Hormuz has removed more than 80 million tonnes per annum (mtpa) of LNG from global markets — equivalent to nearly one-fifth of worldwide supply — creating conditions for a fresh wave of multi-billion-dollar LNG investments outside the M...
McDonald’s unveiled its latest global growth plan at its Worldwide Convention for franchisees. A new restaurant design, better-tasting food and drinks, consumer-led innovation and improved customer service are the four cornerstones of the new plan.The growth plan comes a...
Nvidia CEO Jensen Huang said on Saturday that his forecast of a $200 billion market for CPUs includes China, signalling Nvidia still sees significant long-term demand in the market amid ongoing U.S.-China technology tensions.Central processing units have taken centre stage as...
In a significant ruling related to disclosure of foreign income, the Income Tax Appellate Tribunal (ITAT), Chennai, cancelled a penalty of Rs 10 lakh imposed on a salaried taxpayer who had failed to declare ESOPs, his foreign company shares, in his income tax return.What&rsquo...
Transfer pricing is back as an agenda item for multinationals as global capability centres (GCCs), technology captives and IT/ITeS arms re-examine long-settled transfer-pricing strategies built around advance pricing agreements (APAs), with the new safe harbour regime set to r...
A Mumbai-based woman who is a tax resident of Singapore, sold some of her debt and equity mutual fund investments in India and claimed tax exemption on capital gains under Article 13 of the India-Singapore Double Taxation Avoidance Agreement (DTAA). However, the tax department...