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BusinessEconomic Times ·

India Tightens Tax Rules on Investments from Mauritius

India has amended its tax treaty with Mauritius to impose stricter regulations on capital gains. The new rules will remove certain tax exemptions for investments originating from Mauritius. This change aims to prevent the potential misuse of the treaty for tax avoidance purposes. The revised agreement is expected to take effect starting April 1, 2024, according to a report by The Economic Times.

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BusinessEconomic Times ·

Hyundai plans expansion to boost its market position in India

Hyundai Motor Company is making a significant push to enhance its standing in the Indian automotive market. The company is investing heavily to expand its production capacity and product portfolio. This strategic move aims to capture a larger market share and climb the ranks among automakers in the country. The expansion reflects Hyundai's long-term commitment to the competitive Indian market.