Infosys Faces $4 Billion Tax Demand
Indian tech giant Infosys has been hit with a surprise $4 billion tax bill by authorities, making it the latest in a series of Indian corporate champions to face significant tax demands. The demand has raised concerns about potential impacts on business operations and investor sentiment.
India and Canada: Diplomatic Tensions Unlikely to Harm Trade
Despite the recent diplomatic spat between India and Canada, analysts suggest that trade ties will remain largely unaffected. Both countries have deep-rooted commercial connections that are expected to withstand political pressures.
Kerala Billionaire Clears Woman's ₹8 Lakh Loan to Prevent Eviction
Lulu Group's Yusuff Ali came to the rescue of a woman facing eviction due to an unpaid ₹8 lakh loan. In a heartwarming gesture, Ali also provided an additional ₹10 lakh for her to secure her future, gaining widespread appreciation.
RBI Warns Banks Against Speculative Bets on Rupee
With the rupee experiencing sharp declines, the Reserve Bank of India has cautioned banks against making speculative bets that could further weaken the currency. This comes in response to global market volatility pushing the rupee to record lows.
India Bonds to Join JPMorgan Index, Set to Attract Billions
India's inclusion in the JPMorgan Emerging Market Bond Index is expected to drive billions in inflows, with the country's debt gaining greater visibility among global investors. Analysts predict this could increase market volatility but also offer opportunities for growth.
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