CONSULTING
Chinese companies providing overseas services to Indian subsidiaries may escape tax: ITAT
In a landmark decision, the Delhi Income Tax Appellate Tribunal has determined that Chinese firms offering services from overseas are not liable for Indian taxes. This ruling contrasts with a Mumbai bench decision made in 2010 regarding taxation policies on foreign services. The tribunal's finding is advantageous for Chinese companies supplying centralized services to Indian entities during the digital age.
Smaller deals become big revenue driver for India’s top IT firms
The number of customers generating $1-10 million in annual revenue increased at most of these companies in the first half of fiscal 2027 from a year earlier, even as that of their big clients remained largely flat or grew at a slower pace.
Bengaluru woman, an ISB graduate, explains why it took her 8 years to pay her Rs 43 lakh education loan: ‘I started earning in 22…’
Repaying an education loan can be a lengthy and financially taxing experience. A woman from Bengaluru, Arpitha Rao, took eight years to pay off her education loan before achieving financial freedom. Her path included overcoming various financial challenges, personal economic struggles, and the extra duties associated with being a mother.
Govt working on telecom PLI with focus on higher local value addition
The Ministry of Communications is preparing to propose a second edition of the telecom production-linked incentive scheme. This new scheme will emphasize design-led higher value addition in the telecom sector. The first edition of the telecom PLI scheme attracted significant investments and involved approvals from numerous companies. Additionally, incentives under design-led manufacturing have been applied for by several firms. The proposal will undergo inter-ministerial consultation before seeking Union Cabinet approval.
Infosys, Wipro, TCS and other IT stocks rise up to 3% as US AI rout deepens; is the bubble bursting?
In the wake of a worldwide AI stock decline, companies such as Infosys and TCS have seen their shares rise, demonstrating a contrasting trend. This downturn has sparked fears of impending regulations within the sector, prompting analysts to predict that Indian IT companies might leverage this moment to enhance their entrepreneurial AI ventures, all while experts caution against excessive financial commitments in the AI landscape.
AI gains fail to cool rising staff costs at Indian IT services firms
Although artificial intelligence (AI) and automation are changing the traditional labour-intensive model of IT services, they have yet to bring down employee costs for the country’s top six IT services companies—Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTM (formerly LTIMindtree).
Eisenkot clears PM mandate threshold with 67 endorsements, leaving Netanyahu's bloc at 46 seats, UTJ abstains
Gadi Eisenkot has surpassed the parliamentary threshold by gaining 67 endorsements to form Israel's government. His endorsements come after consultations with President Isaac Herzog and include support from various opposition groups. Meanwhile, Prime Minister Benjamin Netanyahu's support dwindled to 46 as his traditional ally abstained from endorsing him. The decision by United Torah Judaism highlights growing frustration over unfulfilled promises regarding military exemptions.
US midterm elections: What a Democratic Congress could mean for Indian H-1B visa holders
The potential shift towards a Democratic majority in Congress may reshape the discourse on immigration law. Nevertheless, specialists indicate that immediate adjustments for Indian tech workers concerning H-1B visas are improbable. The lingering impact of the previous administration on immigration policy remains prominent.
Israel's president Herzog takes first steps on building new government after accepting election results
Israeli President Isaac Herzog has accepted the election results and started consultations with party leaders. Netanyahu's bloc lost its majority in the Knesset, while Arab-led parties made significant gains. The elections commission reported no evidence of fraud, despite Netanyahu's allegations. Herzog emphasized the importance of public trust in the electoral process during his consultations. If coalition talks fail, Israel may face another election in the near future.
RBI forms technical committee to deal with financial markets’ issues
RBI has created a technical consultative committee for financial markets to involve market participants in discussions. This committee will be chaired by the deputy governor responsible for financial markets regulation and will meet quarterly. It will focus on money, government securities, foreign exchange markets, and related derivatives. The terms of reference include market liquidity, trading systems, resilience, and emerging risks.
Anonymous British celebrity fears losing his son, keeps identity hidden amid sexual misconduct case, consulted nearly 10 medical professionals
A British figure known as 'PPT' is battling to maintain his anonymity amidst grave accusations. He contends that disclosing his identity could jeopardise his bond with his son and worsen his mental health struggles. His legal representatives state he has previously attempted suicide and has consulted more than ten medical professionals recently. While the judge permitted some privacy, he underscored the media's obligation to report on issues of public significance.
RBI sets up panel with banks, market players to review financial market issues
India's central bank has formed a technical consultative committee to engage with market participants on financial issues. This committee will include seven external members from various financial institutions and will address market infrastructure. It will examine the functioning and efficiency of money and related derivative markets. Members will assess both domestic and international developments that impact these markets.
8th Pay Commission news: Notified a year ago, 5 biggest 8th CPC developments since November 3, 2025
8th Pay Commission latest news: On November 3, 2025, the government announced the 8th Pay Commission’s Terms of Reference. The Commission is tasked with submitting its report within an 18-month deadline ending on May 3, 2027. An 18-question questionnaire was launched to gather inputs from stakeholders about various employment issues. Additionally, stakeholder consultations began in April 2026, with meetings held in multiple cities. Recommendations will influence future pay and pension adjustments for central government employees.
Israel elections 2026 winner: Who is winning the polls and when will final results be announced?
Israel elections results: Israeli Prime Minister Benjamin Netanyahu lost his coalition majority after the recent elections, creating uncertainty for government formation. Other political factions also failed to gain a majority, complicating the situation further. President Isaac Herzog will consult party leaders before selecting a candidate to form a government by November 11. If unsuccessful, another election may occur after 100 days.
Govt focussed on ensuring that Indian students headed to Uzbekistan receive quality education: MEA
The Ministry of External Affairs said the government is engaging with Uzbekistan to ensure Indian students pursuing medical and other courses there receive quality education and meet National Medical Commission requirements. It also cautioned students against unregistered education consultants and institutions that may lack adequate infrastructure or fail to meet Indian medical regulations.
Govt consults seed, fertiliser firms on easing regulatory hurdles
The Indian government is engaging with agricultural companies to address regulatory challenges that affect the sector. Consultations focus on updating the Seeds Act, 1966, to align with modern agricultural technology. Industry representatives have pointed out delays in approvals and licensing processes that hinder market access.
As US midterms enter last lap, Indian "consultants" suddenly thrust into spotlight
Indian "consultants" are under scrutiny for allegedly engaging in election manipulation on a global scale. These activities reportedly range from creating false narratives on social media networks to shape voter perceptions. Reports say these firms have operated in multiple countries, including the US.
Centre gives Nandan Nilekani-led exam reform panel more time, extends deadline to January 2027
Centre has extended the deadline for the Nandan Nilekani-led examination reform task force to January 2027. The six-member panel has received over 50,000 suggestions and consulted former ISRO chairman K Radhakrishnan. Its mandate includes recommending measures to prevent paper leaks and strengthen India's examination system following repeated NEET controversies.
Jammu Airport initiates consultations for commencement of international flights
Jammu Airport has commenced discussions with various stakeholders to assess the feasibility of international flights. A planning meeting involved representatives from airlines and regulatory agencies to identify potential international destinations. The Airport Director highlighted religious tourism and strategic location as key factors for successful operations. Suggestions were made to prioritize routes to West Asia and Europe based on passenger demand.
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