{
IND

Country

}
Switzerland suspends MFN status for India following Supreme Court ruling
Switzerland has suspended the most favoured nation (MFN) status for India, resulting in a 10% tax on dividends from Indian entities starting January 1. This decision follows a Supreme Court ruling that clarified the MFN clause's applicability concerning OECD membership. India's Ministry of External Affairs indicated that the double taxation treaty with Switzerland may need renegotiation due to India's recent trade pact with the European Free Trade Association, which aims to attract $100 billion in investments over the next 15 years.
Hindustan Times
Norwegian Krone Indian Rupee United States Dollar Swiss Franc Euro Nestlé S.A. LTU IND NOR COL ISL LIE CHE Randhir Jaiswal Show more
Regulatory & Legal, News Article
01:37 14.12.2024
stock market updates buy recommendations and key trends for december 2024
On December 14, 2024, Sumeet Bagadia recommended three stocks to buy on December 16: Bharti Airtel, DLF, and Kotak Mahindra Bank. Additionally, experts suggested six small-cap stocks under ₹100, including Easy Trip Planners and Jayaswal Neco Industries, as potential buys. With discussions of a possible RBI interest rate cut, several growth stocks are expected to benefit from this economic shift.
mint
Bharti Airtel Ltd. Kotak Mahindra Bank FUT, Decemb IND Sumeet Bagadia
Finance & Economy, Blog Post
01:30 14.12.2024
Switzerland revokes MFN status for India following Supreme Court ruling on Nestle
Switzerland has revoked the most-favoured-nation status for India under their double tax avoidance agreement, following a 2023 Supreme Court ruling regarding Nestle. Starting January 1, 2025, the tax rate on dividends will increase from 5% to 10%, impacting Indian companies' competitiveness. Experts warn that other nations may adopt similar measures, citing concerns over reciprocity in tax treatment.
article
United States Dollar Swiss Franc Indian Rupee Nestlé S.A. CHE LTU IND COL Amit Maheshwari Ajay Srivastava Show more
Regulatory & Legal, News Article
00:38 14.12.2024
Solana overtakes Ethereum as top blockchain for new developers in 2024
Solana has surpassed Ethereum as the leading blockchain ecosystem for new developers in 2024, attracting 7,625 new developers, an 83% increase year-over-year. The surge is driven by strong participation from Asia, with Solana capturing over 81% of DEX trades and 64% of NFT mint transactions. Despite this growth, Ethereum remains dominant in total developer activity, with a high percentage of established contributors.
CryptoPotato
United States Dollar IND GBR CAN CHN USA Vitalik Buterin Show more
Cryptocurrency News, Market Report
22:15 13.12.2024
solana overtakes ethereum in attracting new developers in 2024
In 2024, Solana has surpassed Ethereum in attracting new developers, with 7,625 compared to Ethereum's 6,820, marking a significant milestone for the blockchain ecosystem. This growth is driven by Solana's low-cost, scalable transactions, appealing to developers in decentralized finance and gaming. Meanwhile, Ethereum maintains a strong global developer base, bolstered by Layer 2 solutions, despite regional shifts showing Asia's rise in developer activity.
The Currency analytics
IND USA Maria Shengelaya
Cryptocurrency News, Market Report
21:12 13.12.2024
Solana Leads in New Developer Onboarding Surpassing Ethereum for First Time
Solana has surpassed Ethereum in new developer onboarding for the first time since 2016, with an 83% increase in 2024, attracting 7,625 new developers compared to Ethereum's 6,456. This growth is attributed to Solana's user-friendly architecture, low transaction costs, and the efficiency of the Solana Virtual Machine. Meanwhile, Asia has overtaken North America in developer share, with India leading in new crypto developer onboarding, as regulatory pressures in the U.S. contribute to a decline in its developer share.
thedefiant.io
United States Dollar Indian Rupee IND GBR CAN CHN USA Vijay Pravin Nic Carter Arthur Azizov Show more
Technology & Innovation, News Article
20:40 13.12.2024
Switzerland revokes MFN status for India following Supreme Court ruling
Switzerland has revoked the most-favoured-nation status for India under their double tax avoidance agreement, following a 2023 Supreme Court ruling regarding Nestle. Starting January 1, 2025, the tax rate on dividends will increase from 5% to 10%, impacting Indian companies operating in Switzerland. This decision may lead to similar actions from other countries, as it highlights concerns over reciprocity in tax treatment.
article
United States Dollar Swiss Franc Indian Rupee Nestlé S.A. IND Amit Maheshwari Ajay Srivastava Show more
Regulatory & Legal, News Article
19:36 13.12.2024
Switzerland suspends MFN status for India impacting tax on dividends
Switzerland has suspended the Most Favoured Nation (MFN) status in its Double Taxation Avoidance Agreement with India, following a Supreme Court ruling that limits the MFN clause's applicability. This change will result in a 10% tax on dividends for Indian tax residents from January 1, 2025, increasing tax liabilities for Indian companies operating in Switzerland. The decision reflects a significant shift in bilateral tax treaty dynamics and may impact Swiss investments in India.
India TV
United States Dollar Swiss Franc Indian Rupee Nestlé S.A. CHE LTU IND COL Amit Maheshwari Sandeep Jhunjhunwala Show more
Regulatory & Legal, News Article
19:17 13.12.2024
Switzerland suspends MFN status to India following tax ruling changes
Switzerland has suspended the unilateral application of the most favoured nation (MFN) clause with India under the Double Tax Avoidance Agreement, reverting the withholding tax on Indian entities from 5% back to 10% effective January 1, 2025. This decision follows a Supreme Court ruling that affected the application of the MFN clause, highlighting the lack of reciprocity from India. Consequently, while Indian companies in Switzerland will still benefit from other DTAA provisions, dividends paid to Indian holding companies will now be taxed at the higher rate.
@bsindia
United States Dollar Nestlé S.A. PwrCor, Inc. CHE LTU IND COL Akhilesh Ranjan Show more
Regulatory & Legal, News Article
17:29 13.12.2024
Solana Leads New Developer Growth Surpassing Ethereum in 2024
Solana has emerged as the leading ecosystem for new developers in 2024, surpassing Ethereum with 7,625 new contributors and achieving 83% year-over-year growth. Developer activity is increasingly global, with India leading in onboarding, while Solana excels in decentralized exchanges and NFT transactions, capturing significant market shares. As multi-chain development gains momentum, the competitive landscape of crypto innovation continues to evolve rapidly.
TronWeekly
Indian Rupee United States Dollar IND USA
Technology & Innovation, Market Report
16:00 13.12.2024
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