{
Indian Rupee

Currency

}
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 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
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
ethereum leads global developer activity as crypto ecosystem diversifies
Ethereum remains the leading ecosystem for developer activity globally, with a significant increase in contributions, particularly from Base, which accounts for 42% of new code. The crypto developer community has expanded 24x since 2019, with Asia now leading in developer share, while the U.S. holds the top country position at 19%. Notably, stablecoins have reached record highs, and Layered Restaking Technologies have added over $30 billion in total value locked to Ethereum, driving further developer adoption.
CryptoGlobe
United States Dollar Indian Rupee EigenLayer USD IND USA
Technology & Innovation, Market Report
14:01 13.12.2024
switzerland suspends mfN clause in tax treaty with india impacting investments
Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India, effective January 1, 2025, following an Indian Supreme Court ruling that requires a notification for the MFN clause to apply. This decision could lead to higher taxes on dividends for Swiss companies operating in India and may jeopardize a $100 billion investment commitment under the European Free Trade Association (EFTA) deal. The Swiss government cited a lack of reciprocity in the DTAA as the reason for this significant shift in bilateral treaty dynamics.
The Indian Express
United States Dollar Swiss Franc Indian Rupee Euro Nestlé S.A. IND COL SVN LTU NOR CHE ISL LIE Amit Maheshwari Sandeep Jhunjhunwala Show more
Regulatory & Legal, Press Release
12:36 13.12.2024
Nestle India stock shows positive momentum surpassing key moving average
Nestle India's stock is currently trading at ₹2250.95, with a market capitalization of ₹217,195.68 million and a volume of 452,433 shares. The price-to-earnings ratio stands at 67.12, and earnings per share are ₹33.56. Notably, the stock has surpassed its 20-day Simple Moving Average, indicating a positive market momentum with a daily increase of 1.22%.
website
Indian Rupee Nestlé S.A. IND
Finance & Economy, Market Report
10:22 13.12.2024
Switzerland revokes most favoured nation status for India amid tax dispute
Switzerland has revoked India's 'Most Favoured Nation' status, ending a 30-year double taxation agreement, which will lead to higher taxes for Indian entities operating in Switzerland starting January 1, 2025. This decision follows a Supreme Court ruling regarding Nestlé SA, indicating that Switzerland's tax rate reduction on dividends does not require reciprocal action from India without a formal notification. The change could significantly impact investments, as dividends will be taxed at the original rate of 10%.
NDTV Profit
Swiss Franc Indian Rupee Nestlé S.A. CHE Sameer Gupta Sandeep Jhunjhunwala
Regulatory & Legal, News Article
10:00 13.12.2024
China's Economic Shifts Pose Risks to India's Stock Market Rally
UBS’ Bhanu Baweja highlights China as an underestimated risk for India's stock market rally. He warns that US tariffs could weaken the dollar-yuan, putting additional pressure on the Indian rupee, while China may redirect its exports to India and other regions, potentially flooding the market with cheap goods and impacting private sector investments.
Moneycontrol
United States Dollar Chinese Yuan Indian Rupee USA IND CHN Bhanu Baweja Show more
TradFi, Market Report
08:53 13.12.2024
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