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Budget eases transfer pricing norms, signals friendlier tax regime for tech MNCs

NEW DELHI: The Budget has rolled out a sweeping reset of India’s transfer pricing framework, aiming to cut litigation, improve tax certainty and make the country a more attractive base for multinational companies (MNCs) and global capability centres.Presenting the proposals, finance minister Nirmala Sitharaman announced far-reaching reforms to safe harbour rules and Advance Pricing Agreements…

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Indian tech immigrant says Germany is ‘not the place for ambitious people’: ‘Most companies still prefer…’

An Indian tech immigrant living in Germany started a debate online after saying the European country is not suited for ambitious people seeking rapid career growth. The comments came as Germany struggles with a severe shortage of skilled workers across multiple sectors.Posting on X, the user, who goes by the name mayukh_panja, said young Indians…

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Google DeepMind CEO Demis Hassabis gives credit to OpenAI and others for … tech that Google researchers created

Google DeepMind’s CEO Demis Hassabis admits the company was slow to commercialise its foundational AI technology, allowing rivals like OpenAI to scale chatbots effectively. He emphasised a shift towards a scrappier, faster approach, with DeepMind now serving as the ‘engine room’ for Google’s AI product launches amidst intense competition. Google DeepMind founder and CEO Demis…

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How Canadian PM Mark Carney’s China visit ‘resets’ what Justin Trudeau tried in 2017, but effort fizzled out after Canadian police arrested CFO of Chinese tech giant …

Canada Prime Minister Mark Carney’s China visit is big. What makes it big is as a report in Bloomberg says that Canada has long stuck closely to the US on China policy. Along with historic trade ties, that alignment is now cracking. Canada PM Carney too made it sure that he makes it clear that…

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US Markets today: Stocks hover near records as Big Tech earnings diverge; gold extends blistering rally

US stocks were largely directionless on Thursday, trading close to record highs as investors sifted through mixed earnings from some of Wall Street’s most influential companies, while gold surged further in an extraordinary safe-haven rally.The S&P 500 edged up by less than 0.1% and hovered near its all-time high set earlier this week. The Dow…

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Tech industry’s biggest Democratic donor LinkedIn founder Reid Hoffman warns companies; says the theory you are following on politics is dangerous

LinkedIn co-founder Reid Hoffman has warned business leaders that remaining silent about the Trump administration is a risky approach, arguing that the belief that political turbulence will simply pass is “dangerous.” Speaking on a recent episode of the Rapid Response podcast, Hoffman said executives who think keeping quiet will protect their companies are making a…

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US markets today: S&P 500 crosses 7,000 for first time; tech stocks, AI optimism keep Wall Street buoyant

US stocks edged higher on Wednesday, with the S&P 500 breaching the 7,000-point mark for the first time, underscoring sustained investor optimism around artificial intelligence, resilient Big Tech earnings prospects and expectations of eventual monetary easing.The benchmark index rose 0.3 per cent, extending gains after its latest record close. The Dow Jones Industrial Average advanced…

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Khosla raids Elon’s ghosla: Calls on tech workers to quit Musk’s Tesla and SpaceX

The TOI correspondent from Washington: Among Silicon Valley elites where tech titans have largely aligned with President Donald Trump’s purportedly race-driven MAGA vision, Indian-American venture capitalist Vinod Khosla has been an outlier. Exceptional as his opposition to Trump has been, the billionaire tech savant has set off a political and cultural firestorm this week with…

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