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Apple seeks change in tax law amid expansion push

Financial Express Kolkata

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October 16, 2025

APPLE IS LOBBYING the government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers, an issue seen as a hurdle to its future expansion, sources say.

- ADITYA KALRA, NIKUNJ OHRI & ADITI SHAH

The push coincides with Apple’s growing India presence as it diversifies beyond China. Counterpoint Research says iPhone’s share in the Indian market has doubled to 8% since 2022. And while China still accounts for 75% of global iPhone shipments, India’s share has quadrupled to 25% since 2022.

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Financial Express Kolkata

Xi faces calls for stronger yuan in currency debate

IN WELL-CONNECTED circles within China, the yuan’s persistent weakness is increasingly being seen as an obstacle to the country’s growth.

time to read

2 mins

December 17, 2025

Financial Express Kolkata

Trump files $10-bn lawsuit against BBC

President Donald Trump sued the BBC for up to $10 billion in damages over edited clips of a speech that made it appear he directed supporters to storm the US Capitol, opening an international front in his fight against media coverage he deems untrue or unfair.

time to read

1 min

December 17, 2025

Financial Express Kolkata

N-energy Bill likely to open space for foreign funding

NEED FOR BASELOAD ALTERNATIVES, HUNT FOR CAPITAL

time to read

2 mins

December 17, 2025

Financial Express Kolkata

Vedanta demerger gets NCLT nod

THE NATIONAL COMPANY Law Tribunal (NCLT) on Tuesday approved the long-pending demerger scheme of mining major Vedanta, clearing the way for the group to split into multiple sector-focused companies spanning aluminium, oil and gas, power, and iron and steel.

time to read

1 min

December 17, 2025

Financial Express Kolkata

HC permits Hiremath siblings to amend suit

IN THE ONGOING Kalyani family dispute over the division of family assets, the Bombay High Court has allowed siblings Sameer Hiremath and Pallavi Swadi to amend their suit, enabling them to seek a restraint on the voting rights attached to shares acquired from the Kalyani family's core assets.

time to read

1 min

December 17, 2025

Financial Express Kolkata

Irdai to use consultative regulation process: FM

THE PROPOSED AMENDMENTS to the country's insurance laws seek to widen coverage, strengthen oversight and make the sector more transparent and investmentfriendly, while keeping policyholder interests at the core, Finance Minister Nirmala Sitharaman said on Tuesday.

time to read

1 min

December 17, 2025

Financial Express Kolkata

Bill granting Irdai more power gets LS nod

. Proposed law also allows 100% FDI in sector

time to read

1 min

December 17, 2025

Financial Express Kolkata

Govt proposes major overhaul of GDP series

THE NEW GROSS Domestic Product (GDP) series is set for a major overhaul with the government proposing various changes, including the adoption of the Classification of Individual Consumption according to Purpose (COICOP) 2018 for the compilation of private final consumption expenditure.

time to read

1 mins

December 17, 2025

Financial Express Kolkata

Ola Electric founder sells ₹92-cr shares

OLA ELECTRIC FOUNDER

time to read

1 min

December 17, 2025

Financial Express Kolkata

Australia’s Green clinches red-hot IPL deal

CAMERON GREEN BECAME the most expensive overseas player in the Indian Premier League (IPL) history as the Kolkata Knight Riders (KKR) franchise bought the Australian all-rounder for ₹25.2 crore at the player auctions for the 2026 season, held in Abu Dhabi on Tuesday.

time to read

1 min

December 17, 2025

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