Wednesday, 19 February 2020

Statutory Audit for Companies in India: Frequently Asked Questions


All public and private companies and certain LLPs are required to undergo a statutory audit. In this article we answer some frequently asked questions.

The post Statutory Audit for Companies in India: Frequently Asked Questions appeared first on India Briefing News.

Friday, 14 February 2020

Tax Audit for Companies in India: Frequently Asked Questions


A tax audit is mandatory in India for individuals and companies – if their turnover or gross receipts exceeds a specified threshold.

The post Tax Audit for Companies in India: Frequently Asked Questions appeared first on India Briefing News.

Wednesday, 12 February 2020

Indian IT sector revenue up 7.7% to $191 billion: Nasscom


The resilient Indian information technology sector generated a whopping $191 billion in fiscal 2019-20, said the industry's apex body on Wednesday.

India’s Tax Authorities Demand GST on Non-Compete Fee, Issue Notices to Firms


Firms in India that have entered into non-complete agreements have to pay 18 percent GST on the non-compete fee.

The post India’s Tax Authorities Demand GST on Non-Compete Fee, Issue Notices to Firms appeared first on India Briefing News.

Monday, 10 February 2020

Establishing a Joint Venture in India


Foreign investors entering into joint venture agreements with Indian partners should understand India's regulatory and tax landscape as well as perform key due diligence checks before incorporation or agreeing to a partnership.

The post Establishing a Joint Venture in India appeared first on India Briefing News.

Coronavirus in China: Contingency Plans for Businesses in India Facing Production Challenges


This article will discuss the impact of coronavirus in China on businesses in India, and contingency plans for businesses facing production challenges.

The post Coronavirus in China: Contingency Plans for Businesses in India Facing Production Challenges appeared first on India Briefing News.

Saturday, 8 February 2020

Expect sales revival in 2nd half of FY21: Tata Motors CEO


With the Indian automobile industry going through an unprecedented slowdown and carmakers set to roll out BS-VI vehicle models, Tata Motors MD and CEO Guenter Karl Butschek is of the view that the first half of the financial year 2020-21 would be more of a "transitional phase", with subdued demand and the sales would actually gather pace in the second half of the fiscal.

Thursday, 6 February 2020

Automotive industry leads smart factory adoption: Report


Smart factory adoption rate is highest in the automotive industry and automotive is set to increase investment by over 60 per cent in the next three years, which could result in productivity gains up to $167 billion, a new report said on Thursday.

Back Office to the World: How India Continues to be a Preferred Destination for Outsourcing


India is considered one of the preferred destinations for outsourcing and key back office functions. Apart from IT, jobs in sectors like HR and payroll management, digital marketing, and SEO are being increasingly outsourced to India. India is expected to be a global delivery center for artificial intelligence in the near future. Foreign companies, especially[.....]

The post Back Office to the World: How India Continues to be a Preferred Destination for Outsourcing appeared first on India Briefing News.

Wednesday, 5 February 2020

Vittal wishes Vodafone Idea stays to ensure 3 player market


Bharti Airtel CEO Gopal Vittal on Wednesday wished better days for rival Vodafone Idea, saying the company's existence is critical for India to remain a three-private player market that could bring investments, prevent job losses and restore the reputation of the struggling industry.

India’s New Income Tax Plan Proposed under Budget 2020


India has proposed a new income tax plan for individual taxpayers but the existing regime will continue. We break it down here.

The post India’s New Income Tax Plan Proposed under Budget 2020 appeared first on India Briefing News.

BSVI transition, new launches to rekindle consumer sentiment: SIAM


The Indian auto industry feels that upcoming BSVI transition along with new launches will rekindle consumer sentiments and arrest the slowdown cycle which has impacted the sector hard.

Monday, 3 February 2020

India’s Budget 2020: 5 Takeaways for Foreign Investors


We review major takeaways for foreign investors from India’s national budget for FY 2020-21, which was presented on Saturday, February 1.

The post India’s Budget 2020: 5 Takeaways for Foreign Investors appeared first on India Briefing News.

Friday, 31 January 2020

India’s Budget 2020: 5 Expectations on Foreign Investors’ Bucket List


We look at the top five issues that foreign investors want to see addressed in the India's budget for 2020 that is set to be presented tomorrow.

The post India’s Budget 2020: 5 Expectations on Foreign Investors’ Bucket List appeared first on India Briefing News.

Wednesday, 29 January 2020

Operating Your China Business Remotely from India


We offer practical advice for Indian investors in China on how to mitigate the disruption to their business activity due to the current coronavirus outbreak.

The post Operating Your China Business Remotely from India appeared first on India Briefing News.

Tuesday, 28 January 2020

Indian Business Operations and the Coronavirus


Businesses in India need to be diligent and prepare for a potential escalation of the coronavirus outbreak.

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Monday, 27 January 2020

Internal Audit for Foreign Companies in India: Frequently Asked Questions


Listed companies and certain unlisted public companies in India are mandated to conduct an internal audit. In this article we answer some frequently asked questions.

The post Internal Audit for Foreign Companies in India: Frequently Asked Questions appeared first on India Briefing News.

Thursday, 23 January 2020

Cost Audit for Companies in India: Frequently Asked Questions


Companies in the manufacturing, mining, and service sectors in India are mandated to conduct a cost audit. India Briefing answers some FAQs.

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Wednesday, 22 January 2020

A Guide to Minimum Wage in India in 2020


In this article we answer some frequently asked questions foreign hiring managers may have regarding the minimum wage in India.

The post A Guide to Minimum Wage in India in 2020 appeared first on India Briefing News.

Tuesday, 21 January 2020

India and Russia: Impact on Trade Ties as Delhi Eyes Eurasian Economic Union FTA


Chris Devonshire-Ellis examines the potential for India-Russia trade growth and opportunities in other untapped areas of investment if Delhi signs onto an EAEU FTA.

The post India and Russia: Impact on Trade Ties as Delhi Eyes Eurasian Economic Union FTA appeared first on India Briefing News.

Friday, 17 January 2020

I fall in love with India every time I return here: Bezos


Amazon Founder and CEO Jeff Bezos on Friday posted a note on the company's e-commerce website Amazon India, saying "he falls in love with India every time he returns here", a day after Commerce and Industry Minister Piyush Goyal snubbed him during a public event.

Annual Secretarial Audit and Compliance Report for Companies in India


Certain types of business entities in India are required to conduct a secretarial audit and prepare their secretarial compliance report as part of the annual audit process.

The post Annual Secretarial Audit and Compliance Report for Companies in India appeared first on India Briefing News.

Wednesday, 15 January 2020

GST Audit in India Begins for FY2018: What Should Businesses Know


We write about key documents and compliance requirements that businesses should prepare as the first GST audit in India gets underway.

The post GST Audit in India Begins for FY2018: What Should Businesses Know appeared first on India Briefing News.

Amazon, Flipkart creating jobs only for delivery boys: FISME


Claiming that e-commerce giants like Amazon import as much as 80 per cent of the items sold on their platforms, small manufacturers' body has said that their business models do not benefit local industry and are creating jobs of delivery boys only.

Friday, 10 January 2020

What are the Top Tier-2 Cities to Hire in India?


India's tier-2 cities are developing fast. In this article, we spotlight five tier-2 cities that foreign entities should be looking at when making their hiring decisions.

The post What are the Top Tier-2 Cities to Hire in India? appeared first on India Briefing News.

India Mandates Financial, Secretarial Audit for Private Firms with Outstanding Debt


From FY 2020-21, private firms with outstanding debt of INR 1 billion or more are mandated to conduct secretarial and financial audits.

The post India Mandates Financial, Secretarial Audit for Private Firms with Outstanding Debt appeared first on India Briefing News.

Wednesday, 8 January 2020

Mobile revenues down 4.6% in Q2, ARPU dips to Rs 78.17: Trai data


The telecom industry posted a 4.56 per cent sequential dip in adjusted gross revenue (AGR) in the July-September period while gross revenue were down by 2.51 per cent, data collated by telecom regulator Trai showed.

Monday, 6 January 2020

The Top 5 Trends in India’s HR Industry in 2020


This year HR departments will increasingly rely on data analytics and AI tools as their scope of function expands. Here we spotlight five big trends that will dominate the HR industry in India in 2020.

The post The Top 5 Trends in India’s HR Industry in 2020 appeared first on India Briefing News.

Tuesday, 31 December 2019

Year in Review: What Foreign Investors Expect from India in 2020


As India's economy enters 2020 and aims for a larger profile in the global supply chain, it will need to deliver on key reforms to attract more investors.

The post Year in Review: What Foreign Investors Expect from India in 2020 appeared first on India Briefing News.

Friday, 27 December 2019

Establishing a Foreign Company in India – New Issue of India Briefing Magazine Out Now


The new issue of India Briefing magazine titled "Establishing a Foreign Company in India" is out now and available as a complimentary download on the Asia Briefing Publication Store.

The post Establishing a Foreign Company in India – New Issue of India Briefing Magazine Out Now appeared first on India Briefing News.

Tuesday, 24 December 2019

Long-term views of India telecom market remain positive: Study


The macro and long-term views of the telecom market comprising infrastructure, equipment and user devices continues to remain positive despite the short-term disruption that the industry has witnessed, said a study on Tuesday.

Russia Looking Forward To India Joining Eurasian Economic Union


Nikolay Kudashev, the Russian Ambassador to India has stated that Russia is looking forward to concluding a Free Trade Agreement with India and the Eurasian Economic Union. At a Press Conference in Delhi on Monday he stated “In 2020 we are hopeful of an early conclusion of the Free Trade Agreement between the Eurasian Economic[.....]

The post Russia Looking Forward To India Joining Eurasian Economic Union appeared first on India Briefing News.

Friday, 20 December 2019

India’s Public Holidays in 2020


Many foreign HR managers struggle with the holiday schedule in India. This article outlines the government’s official schedule to help HR managers plan public holidays for their firm.

The post India’s Public Holidays in 2020 appeared first on India Briefing News.

Tuesday, 17 December 2019

Zomato in advanced talks to buy UberEats: Report


The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell UberEat's India business to rival Zomato by the end of this year.

Monday, 16 December 2019

Kolkata, India: A Brief Guide for Investors


Kolkata has emerged as a popular investment destination for foreign entities with the expansion of key industries such as trade, IT, and biotechnology.

The post Kolkata, India: A Brief Guide for Investors appeared first on India Briefing News.

Friday, 13 December 2019

Filing Late Tax Returns in India: Penalty and Deadline for AY 2019-20


Taxpayers in India who missed their deadline to file taxes are advised to file their tax returns by December 31, 2019 to avoid harsher penalties.

The post Filing Late Tax Returns in India: Penalty and Deadline for AY 2019-20 appeared first on India Briefing News.

Tuesday, 10 December 2019

Jewar Airport: Once ready will open more routes, arrest fares


Once ready in 2023, the International Airport in Jewar township here in Uttar Pradesh is expected to boost the aviation industry by decongesting the national capital's IGIA as well as expanding the reach of air services to a 'larger population base of the NCR region', experts opine.

Monday, 9 December 2019

Income Tax for Foreign Nationals in India


In India, an individual’s income is taxed at graduated rates, depending on his/her duration of stay in India and income level. In this article, we outline the rates and calculation methods for both income sources, and summarize common deductions and inclusions in income for expatriates working in India.

The post Income Tax for Foreign Nationals in India appeared first on India Briefing News.

Saturday, 7 December 2019

Amazon, Flipkart may face more queries on predatory pricing


The Department for Promotion of Industry and Internal trade (DPIIT) is examining the responses by the e-commerce companies, like Flipkart and Amazon, on complaints over predatory pricing and if required will ask them for further clarification, according to a senior government official, here on Saturday.

Friday, 6 December 2019

Investors bat for value addition to farm produce in Punjab


Leading players in the agro industry on Friday batted for providing value addition to the agricultural produce of farmers in Punjab in order to ensure remunerative returns for them.

Thursday, 5 December 2019

Bankers surprised at RBI's unanticipated holding of rates


Bankers and industry were surprised and disappointed on Thursday at the RBI maintaining its key interest rates unchanged, when they had been expecting the repo, or the central bank's short-term lending rate, to fall below the current 5.15 per cent even as the second quarter GDP growth has fallen to 4.5 per cent.

Tuesday, 3 December 2019

Former IT honcho's daughter launches 5 star hotel in Kerala


Unlike her father S.D.Shibhulal who was the co-founder of Infosys, his daughter Shruthi Shibhulal has strengthened her presence in the hospitality industry when on Tuesday, she launched their new 5 star hotel O by Tamara, in the capital city.

Tuesday, 26 November 2019

How to Establish a Liaison Office in India


Prospective companies and investors seeking to enter the Indian market must carefully consider their options for investment. Here, we outline the functions and requirements for setting up liaison offices in India.

The post How to Establish a Liaison Office in India appeared first on India Briefing News.

Friday, 22 November 2019

Advance Income Tax in India


Any person in India, whose estimated tax liability is more than Rs 10,000 (US$145) in a financial year, after deducting TDS, must pay income tax in advance.

The post Advance Income Tax in India appeared first on India Briefing News.

Tuesday, 19 November 2019

Festive boost: Oct vehicle registration up 4%


In a positive sign for the auto industry, vehicle registration in October rose by 4 per cent on year-on-year basis, largely on the back of festival demand, showed the data released by the Federation of Automobile Dealers Association (FADA).

Developing Global Free Trade: Linking India with Mercosur and the EAEU


In the second article in this five-part series, Chris Devonshire-Ellis examines India's prospective free trade scenarios with its fellow BRICS nations.

The post Developing Global Free Trade: Linking India with Mercosur and the EAEU appeared first on India Briefing News.

Saturday, 16 November 2019

Tech CFOs bat for digitising financial functions


Indian corporate CFOs on Friday batted for companies to digitise their financial functions at the Confederation of Indian Industry (CII) Conclave 2019 here.

Tuesday, 12 November 2019

Delhi’s Air Pollution and its Impact on Business


Delhi's air pollution is affecting business as usual. Learn more about why Delhi's air is polluted, how it affects business, and what is being done.

The post Delhi’s Air Pollution and its Impact on Business appeared first on India Briefing News.

Wednesday, 6 November 2019

Tuesday, 5 November 2019

Why India Has Opted Out of the RCEP


India has opted out of the RCEP after failing to receive assurances on its concerns over market access, tariff relaxations, and non-tariff barriers.

The post Why India Has Opted Out of the RCEP appeared first on India Briefing News.

Life insurers earn more in Oct selling lesser policies

The 24-company Indian life insurance industry closed last month with new business of Rs 22,776.03 crore, up by 31.87 per cent over the prev...