CBDT signs two more Unilateral APA's with Indian taxpayers

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

New Delhi [India], March 12: In today's digital economy, enterprises depend heavily on uninterrupted technology infrastructure. As global SaaS platforms and OEM technology providers expand across markets, maintaining reliable customer and technical support has become a growing challenge. Companies are no longer looking for basic call center services but for specialized partners who can manage complex IT environments while maintaining speed, quality and brand consistency.

New Delhi [India], March 12: Jaipur-based edtech venture CODE - Centre for Originality, Design & Expression (CODE Edu) launched its AI-powered creative learning platform EnCODE at the AI Impact Summit 2026 held at Bharat Mandapam, New Delhi, positioning the platform as a multidisciplinary education ecosystem designed to integrate creativity and cognitive learning into mainstream higher education.

Union Minister Giriraj Singh stated on Wednesday that India must move towards higher scale, higher value, and 12-month garment manufacturing to achieve a USD 350 billion textile economy. Speaking at a high-level industry interaction in New Delhi, the Minister emphasised that these shifts are essential to expanding exports to USD 100 billion by 2030-31.

Amid rising geopolitical tensions in West Asia and concerns over global crude oil supply, Kotak Mahindra Asset Management Company Managing Director Nilesh Shah said India is likely to manage the situation effectively, while urging citizens to avoid hoarding LPG cylinders.

The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.

New Delhi [India], March 10: The Bharat Shining Conclave 2026, organized by Brand Vista Consulting, concluded successfully with an inspiring gathering of policymakers, diplomats, industry leaders, entrepreneurs, innovators, and social change-makers who came together to deliberate on India's growth trajectory and its evolving role in the global economy.

Mumbai (Maharashtra) [India]/ Iselin (New Jersey) [US], March 10: Hexaware Technologies (NSE: HEXT), a global provider of digital and IT solutions, has been included in the S&P Global Sustainability Yearbook 2026, ranking in the top 10% of its industry in the 2025 S&P Global Corporate Sustainability Assessment (CSA), which is an annual evaluation of companies' sustainability practices. Hexaware scored 83 out of 100 as of February 11, 2026.

The primary concern for the Indian economy is the sharp increase in fuel costs. According to the report, "Brent has moved up from a range of US$ 65-US$ 70 per barrel to US$ 110 per barrel since the war broke out." This surge is linked to major infrastructure failures in the region. "Iran's oil infrastructure has been damaged. The Strait of Hormuz is closed. LNG supply from Qatar is closed. Natural gas price has surged by 50%," the report added.