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BusinessPhoto: Mint

India Tightens Tax Rules for Mauritius-Based Investments

India has implemented new tax treaty rules with Mauritius, effective from October 13, 2026, introducing a Principal Purpose Test (PPT). This allows Indian tax authorities to deny treaty benefits if obtaining those benefits was a main reason for an investment structure. The change affects foreign portfolio investors, private equity, venture capital funds, and holding companies using Mauritius entities to invest in India, requiring clearer business justification for tax benefits.

Mint·

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PoliticsPhoto: The News Minute

Bengaluru Lawyers Protest Against SIR, Demand CEC Gyanesh Kumar's Resignation

On October 13, lawyers in Bengaluru protested against the Special Intensive Revision (SIR) of electoral rolls and demanded the resignation of Chief Election Commissioner Gyanesh Kumar. Despite prior detentions, members of the Indian Association of Lawyers and All India Lawyers’ Association for Justice demonstrated outside City Civil Court, condemning the SIR as a bogus exercise and criticizing police actions against dissenters. Advocates emphasized defending democratic institutions and the people's will.

The News Minute··Bengaluru

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WorldPhoto: News18 Hindi

Makar Rashifal: Good News for Capricorn on October 15, 2026

According to astrologer Pandit Ramesh Bhojraj Dwivedi, Capricorns may gain business profits and new job responsibilities on October 15, 2026. A pleasant family atmosphere is expected, and pending tasks will progress rapidly. Special remedies to seek Lord Vishnu's blessings are advised for Capricorns on this day.

News18 Hindi·

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BusinessPhoto: Mercom India

Zetwerk Files for ₹50.12 Billion IPO

Bengaluru-based Zetwerk Manufacturing Businesses has filed a red herring prospectus for an initial public offering worth ₹50.12 billion (approximately $526.36 million). The company specializes in energy infrastructure products, including solar modules, module mounting structures, transformers, and other related equipment.

Mercom India··Bengaluru

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BusinessPhoto: Aaj Tak

Gold and Silver Prices Drop Sharply Due to US Inflation Data

On December 4, domestic commodity markets saw a significant drop in gold and silver prices. Silver futures on MCX fell by ₹8,000 to ₹2.11 lakh per kg, while gold dropped 1.5% to ₹1,46,366 per 10 grams. The decline was triggered by US inflation data showing a 0.6% monthly CPI rise in September, raising fears of interest rate hikes by the Federal Reserve. This strengthened the dollar and pressured international gold and silver prices.

Aaj Tak·

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SportsPhoto: News18Hi Sports

KCL Season 2 Auction on October 17 with 10 Teams and ₹5 Crore Purse

The Kabaddi Champions League Season 2 auction will be held on October 17, 2026. Over 300 players, selected from trials of more than 6,000 athletes, will be up for bidding. The total player purse of ₹5 crore is equally divided among 10 teams, each having a budget of ₹50 lakh. Two new teams, Kurukshetra Knights and Jhajjar Jaguars, have joined, raising excitement.

News18Hi Sports·

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