Foreign investors will pay no tax on their investments in issued by the Indian government. The capital gains tax and the 20% withholding tax on the sale of bonds have been scrapped with effect from 1 April 2026. The move comes as the government tries to stem the outflow of FIIs and the rupee's downward slide.
Indian securities watchdog SEBI has issued an order against Rajesh Exports, a jewellery and gold refining company, in a case involving what appears to be massive financial misstatement. SEBI has accused the company of misstating revenues to the tune of Rs 15 lakh crore, or USD 158 billion. The largest insurer in India, , holds over a 10% stake in the company.
A United Nations report states that by 2030, 's energy consumption could double to nearly 3% of global electricity supply. The report also warns that water used to cool server racks in data centres could exceed the water requirements of 1.3 billion people.
Wockhardt's Zaynich has become the first to be fully invented, developed and commercialised by an Indian pharmaceutical company. The drug has received approval from the US FDA and is an injectable treatment for complicated urinary tract infections (UTIs) caused by drug-resistant bacteria.
French-Iranian author, illustrator, director and activist Marjane Satrapi, best known for her graphic novel series and film , has died aged 56. First published in 2000, the graphic novel follows the story of young Marjane growing up amid the Iranian Revolution. Eight years later, Satrapi co-directed a film adaptation that was nominated for Best Animated Feature at the Oscars.