Overseas capital in Indian equities has shifted structurally, with US and European investors now dominating over traditional tax havens like Mauritius. Tighter tax norms and regulatory disclosures, including the principal purpose test and beneficial ownership rules, have reduced the appeal of Mauritius, leading to significant withdrawals from Indian equities in 2025.
Illinois nonprofit organizations reported receiving letters from the federal Substance Abuse and Mental Health Services Administration saying their funding was terminated as of Jan. 13.
The Score, the longtime Chicago sports radio leader which launched as a daytime-only AM station more than three decades ago, is adding an FM simulcast.
Boeing warned plane owners in 2011 about a broken part that contributed to a UPS plane crash that killed 15 last year but at that point the plane manufacturer didn't believe it threatened safety, the National Transportation Safety Board said Wednesday.
The city is inviting potential sponsors to describe their interest in sponsoring a range of airport assets, including parking lots, elevators, family restrooms and airport shuttle buses and stops.
International investors await a crucial Supreme Court verdict on Tiger Global's tax case. This ruling will significantly impact how foreign funds structure their investments in India. The decision could redefine tax implications for indirect transfers and the validity of tax residency certificates. Investors are closely watching for clarity on tax rules and their potential impact on future investment decisions.
