
Articles liés
Delhi High Court Dismisses Zostel's Latest Petition Against Oyo Parent PRISM
The Delhi High Court dismissed Zostel's ninth judicial petition against PRISM (Oyo's parent company) on July 8. The court had previously set aside an arbitral award favoring Zostel, ruling the term sheet non-binding. PRISM has completed its IPO disclosures.
Salaried Employees Can Claim Child Education Allowance Tax Exemption Under Old Tax Regime
Salaried employees can claim child education allowance (CEA) tax exemption under the old tax regime for up to two children. The monthly limit increases to Rs 3,000 per child for FY 2026-27. Self-employed individuals and those opting for the new tax regime cannot claim this benefit.
India Notifies Procedure for UK FTA Automotive Duty Concessions
India has outlined the process for importers to obtain government approval for reduced duties on UK automotive imports under the new free trade agreement. The Comprehensive Economic and Trade Agreement (CETA) will significantly lower import duties, with specific quotas for passenger and goods vehicles.
Nissan Open to New Manufacturing Partnerships in India Beyond Renault
Nissan Motor Co is exploring manufacturing partnerships with automakers other than Renault in India. The company is open to contract manufacturing opportunities to expand its presence in the growing Indian market, following the sale of its stake in the Chennai plant to Renault.
Federal Reserve Establishes Five Task Forces for Operational Improvements
The Federal Reserve, led by Chair Kevin Warsh, has formed five task forces comprising economists and business leaders to propose operational changes. These groups will explore AI's impact on productivity and jobs, and evaluate the central bank's data sources, aiming to enhance analytical tools and policy strategies.
Apollo Micro Systems to Acquire Premier Explosives Stake for Rs 1,550 Crore
Apollo Micro Systems is acquiring a 41.33% stake in Premier Explosives for Rs 1,550 crore to bolster its defense and aerospace capabilities. The deal, expected to close by December 2026, includes a mandatory open offer to public shareholders and aims to strengthen India's indigenous defense manufacturing.
