Resilience and Risk: The UK’s Economic Outlook for Autumn 2025

The UK economy grew modestly in the second quarter, performing better than many forecasters had expected. While government spending and construction provided support, household consumption remained weak and business investment fell back. Inflation is still above target, shaping cautious interest rate decisions, and consumer behaviour remains restrained. However, the mortgage market is showing signs of revival, with lending activity improving […]

Expanding to India? Here’s How Foreign Companies Can Set Up Legally

India is no longer just a promising emerging market — it’s a powerhouse of innovation, talent, and consumer demand. With a population exceeding 1.4 billion, a rapidly growing middle class, and a thriving digital economy, India has become one of the most attractive destinations for global business expansion. However, while the opportunities are vast, entering the Indian market requires navigating […]

Blackstone Acquires South City Mall for $377 Mn

Global investment giant Blackstone has acquired South City Mall in Kolkata for $376.8 million (around INR 3225 crores) from South City Projects (Kolkata) Ltd, a joint venture of six prominent Kolkata-based real estate families, including the Emami, Rameswara, Shrachi, Sureka, Merlin, and JB Groups. Launched in 2006, the 1 million sq. ft. mall is one of eastern India’s largest retail […]

Indirect Tax Updates June 2025

Gujarat High Court – Addwrap Packaging Pvt. Ltd. & Anr. v. Union of India & Ors. Facts: Rule 96(10) restricted the ability of certain exporters to claim IGST refunds on exports made under LUT (Letter of Undertaking) or payment of tax, if they or their suppliers availed certain customs/GST exemptions (e.g., Advance Authorization, EPCG, EOU). The petitioners had exported goods […]

Direct Tax Updates for June 2025

CBDT notified ‘376’ as Cost Inflation Index (CII) for Financial Year 2025-26 The CBDT vide Notification No. 70/2025, dated 01-07-2025, has notified ‘376’ as the Cost Inflation Index (CII) for the Financial Year 2025-26. CIRCULAR F. NO. 225/37/2025/ITA-I, DATED 13-6-2025 The CBDT vide circular dated 13.06.2025; issues guidelines for mandatory selection of returns for complete scrutiny in FY 2025-26. Important […]

Why Every E-Commerce Business Needs Professional Accounting Services

In today’s fast-paced digital economy, e-commerce businesses are booming. From small-scale startups selling on Instagram to large marketplaces operating globally, online retail is transforming the way we shop and do business. But while the e-commerce model offers tremendous opportunities, it also comes with unique financial challenges. Managing inventory, processing thousands of transactions, handling taxes across multiple regions, and tracking expenses […]

Who Needs an Internal Audit in India? A Complete Guide for Businesses

In today’s rapidly changing business environment, maintaining transparency, accountability, and strong internal controls has become more important than ever. One of the most effective tools that help organizations achieve these goals is internal audit. But the question arises — who actually needs an internal audit in India? Is it only for large corporations, or do startups and SMEs also require […]

UK Alert June 2025: A Surprising Start to Economic Growth

The UK economy posted a stronger-than-expected growth of 0.7% in Q1 2025, a significant uptick from just 0.1% in the previous quarter. This growth came despite subdued sentiment and ongoing global trade tensions. – Services led the expansion, rising by 0.7%, with both consumer- and non-consumer-facing sectors contributing. Notably, admin, support services, and wholesale/retail saw solid gains, though accommodation, food, […]