UK Economy April 2025: A Mixed Bag of Resilience and Risks

Contrasting sector trends, a shaky export environment, and cautious optimism in property markets shape the UK’s economic outlook. Diverging Fortunes Across Sectors The UK economy started 2025 on uncertain footing, with overall output dipping by 0.1% in January. The production sector faced the biggest setbacks, shrinking by 0.9% as mining, quarrying, and manufacturing activities declined. Mining and quarrying saw the […]

Corporate Finance Updates – March 2025

Patanjali, DS Group To Buy Magma General For Over $500 Mn To Enter Insurance Sector Patanjali Ayurved Ltd and the DS Group have partnered to enter India’s insurance sector by acquiring Magma General Insurance Ltd from Sanoti Properties LLP (owned by Adar Poonawalla) and other shareholders. The acquisition, valued at approximately $517 million (around INR 4500 crores), is pending regulatory […]

Indirect Tax Updates March 2025

Key GST Amendments Effective April 1, 2025 The Goods and Services Tax (GST) framework in India is set to undergo significant amendments to enhance compliance, streamline tax administration, and improve transparency in business transactions. Below are the major changes: 1. Tax Rate Changes Used Car Sales: GST rate increased from 12% to 18%, impacting the pre-owned car market. GST Rates […]

Direct Tax Updates of March 2025

NOTIFICATION G.S.R. 207(E) [NO. 23/2025/F. NO. 370142/10/2025-TPL], DATED 28-3-2025 The CBDT amends Form 3CD; new clause 36B inserted to report sum received for buyback of shares applicable for AY 2025-26. NOTIFICATION G.S.R. 195(E) [NO. 22/2025/F.NO. 370142/08/2025-TPL], DATED 27-3-2025 The CBDT notifies amendment in Form 26Q & 27Q to include TDS on payment of salary, remuneration, etc. to partner. Lok Sabha passes Finance […]