ABB TAX RULING
Prosecutor says 'no one is above the law' as he urges jurors to convict Hunter Biden in gun case
Prosecutor calls FBI agent as final witness in Hunter Biden trial, with family members including Jill and James Biden present in court.
Election trade? These 5 themes will continue to work out in India:Ajay Srivastava
Ajay Srivastava, CEO of Dimensions Corporate, advises investing in ABB, Siemens, IndiGo, Indian Hotels, and Hero Moto if the market falls 30-40%. These companies, known for their performance and economic ties, are recommended. Furthermore, smaller IT firms linked to the BFSI sector show promise. The defense sector, shipyards, QSR companies, multiplex companies, and consumer companies are currently underperforming.
Dial T for telco tax: Supreme Court rings in tweaks
The Supreme Court ruled that license fees payable by telecom companies will be treated as capital in nature, potentially leading to additional tax liabilities of about $1 billion for the sector this fiscal year. The ruling overturns a Delhi High Court order that categorized license fees before and after July 31, 1999, differently. This decision is a setback for older telcos like Bharti Airtel and Vodafone Idea, as well as Reliance Jio, as they will need to reassess their financial structures and potentially face increased tax liabilities. The tax implications will be calculated since 1999.
ITAT allows Vodafone Idea to claim depreciation on spectrum fee
Vodafone India, which merged with Idea Cellular in 2018 to form Vodafone Idea, had in its tax return filed for the assessment year 2015-16 declared a total income of more than Rs 4,350 crore and claimed a depreciation of Rs 1,682.48 crore at 25% on the spectrum fee it had paid.
SGX Nifty up 43 points; here's what changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 43.50 points, or 0.30 per cent, higher at 14,531 at 7.30 hours (IST) in signs that Dalal Street was headed for a positive start on Tuesday.
ABB tax ruling: Fee for Technical Services taxable only in the year of receipt under India-Germany tax treaty
As per the detail of the case Germany headquartered arm of ABB, the Swedish-Swiss multinational, had received some money for testing and inspection charges. These were categorised as FTS, but the company did not include this in the tax filings in the country.
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Forget the President. Senate may matter more for markets
Many political analysts at this point expect the Democratic Party to remain the majority in the House of Representatives regardless of who wins the presidential race.
Fifteen stocks in focus on Wednesday, 21 June 2017
Adani Ports plans to raise at least $500 million through overseas bond sales.
Expert take: Nifty50 has key support at 9,550-9,530
Shares of BFSI, cement, realty and auto cos are likely to continue their outperformance.
Vote On Account 2014: IT Industry's expectations from Budget
India is solidly established as an IT powerhouse with rich ecosystem of IT service providers.
Bet on infrastructure stocks, but with a long-term view
Investors can start selectively accumulating infrastructure stocks, but should keep an eye on fundamentals & track record of companies, say analysts.
Government may reimpose curbs on royalty payments to foreigners
About $4.4 bn went out of India as royalty payments in 2012-13, nearly 20% of the $22.4 bn in FDI received by the country in the year.
$5.4 billion certificate from Unilever to HUL signals India’s strong prospects
Over the last few years, German engineering giant Siemens, Swiss major ABB, drugmaker GlaxoSmithKline and several others have bought larger stakes in their Indian arms.
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