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BusinessPhoto: HT World

China Cracks Down on Tax Evasion Ahead of Offshore Trust Deadline

Chinese authorities are intensifying efforts to combat tax evasion, exemplified by cases like Wu Huatao, who underreported income and falsely claimed exemptions. A major compliance deadline on October 22 requires wealthy Chinese to declare offshore trusts or face penalties. This crackdown aims to increase revenue amid budget shortfalls, potentially affecting investor confidence but benefiting tax advisors.

HT World·

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TechnologyPhoto: HT Business

Global Smartphone Shipments Hit 14-Year Low; India Faces 20% Drop

Global smartphone shipments have declined for the third consecutive quarter, reaching the lowest Q3 figures in 14 years. Rising component costs have increased phone prices, weakening consumer affordability and pressuring the market. India is expected to see a 20% year-on-year shipment decline in Q3 2026, with brands raising prices and cautious inventory stocking ahead of the festive season, impacting price-sensitive segments the most.

HT Business·

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TechnologyPhoto: Mercom India

Data Centers Embrace RTC Renewables and Transmission for Power

The rapid growth of artificial intelligence and India's expanding data center infrastructure are significantly increasing electricity demand. To meet this, renewable energy combined with storage solutions is becoming essential for powering data centers efficiently. Transmission infrastructure also plays a crucial role in supporting this energy transition in the sector.

Mercom India·

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BusinessPhoto: TOI World

Michael Dell-backed $875M Boca Raton Resort Condo Sales Surge

A $875 million investment is transforming The Boca Raton resort into luxury condominiums, with 40% of the first 75 units already reserved. Prices start at $8.95 million and can exceed $20 million. The project marks the resort's centennial in 2026, with construction beginning that year and completing by 2029.

TOI World··Boca Raton

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TechnologyPhoto: News18 Tech

Top Electric Scooters and E-Bikes Under Rs. 85,000 for Commuters

Due to rising fuel prices and crowded public transport, many city commuters in India are turning to electric scooters and e-bikes for short daily trips. These vehicles cost very little to charge, require minimal maintenance, and do not need registration or a driving license if they meet low-speed criteria. Here are five top-rated electric two-wheelers under Rs. 85,000 available on Amazon, starting below Rs. 30,000.

News18 Tech·

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WorldPhoto: News18

Delhi Orders Garbage and Dust Clearance by October 31

The Commission for Air Quality Management (CAQM) has directed the Municipal Corporation of Delhi (MCD) to clear all accumulated dust, garbage, and construction waste from roads, medians, and footpaths across its 12 zones by October 31. The CAQM warned of prosecution if dust-control lapses continue. The order follows an October 3 inspection revealing heavy dust and debris on PWD roads. MCD must also enforce measures against open burning and improper waste disposal this winter.

News18··Delhi

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