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BSE, NSE launch rupee-dollar F&O contracts at GIFT city

The BSE and the National Stock Exchange have launched Rupee-Dollar futures and options contracts on their international exchange platforms based at th




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NCD issue: Manappuram Fin gets nod

 Manappuram Finance and IIFL Finance on Friday said the Financial Resource Committee of their board of directors have approved the allotment of secure




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Coonoor tea auction Q1 earnings fall over 28%

Earnings from the auctions of Coonoor Tea Trade Association (CTTA) in the first quarter (Q1) of current calendar have fallen by 28.17 per cent over th




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The great potato giveaway in US to avoid wastage

Farmers hand out spuds as bulk demand dries up amid Corona lockdown restrictions




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Should promoters crystal-gaze fair price?

Tesla share price crashed after Elon Musk’s ‘costly’ tweet




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Investor reading list: May 9, 2020

It was a hectic week for investors with a flurry of deals and developments. Catch up on the news you have missed with this curated reading list of BL’s top stories.




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Index Outlook | Sensex, Nifty 50 reverse from key resistance levels

Sensex, Nifty 50 have fallen sharply and hover above respective key support; stay alert




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Sitharaman discards briefcase, carries 'bahi-khata'

Sitharaman is presenting the full Budget for 2019-20. She is carrying the Budget documents in a red silk bag with national emblem.




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Fuel, gold to get costlier, sops for rural India

Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raisedimport duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.





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Can Jal Shakti keep India's head above water?

Can the newly-minted Jal Shakti ministry bring water to some 19 crore Indian households that have never had taps or heard the sound of flowing water, wonders Vinayak Chatterjee.




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Is zero budget farming the solution to India's woes?

Natural farming, termed Zero Budget Natural Farming in India, has been adopted by upwards of 972 villages.Will all of India's 650,000 villages take to it?Will all of India's 650,000 villages take to it?Sanjeeb Mukherjee examines the pros and cons.




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Why Volkswagen Vento is still a 'great car'

The Volkswagen Vento is a great car when we look at its styling, build quality, driving feel and dynamics.




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Is MG Hector an ideal family SUV? Find out

The MG Hector has grabbed a lot of attention and interest, especially for its segment-above technologies.




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Hyundai Venue looks to conquer the urban jungle

'Will the Hyundai Venue be the next urban SUV to take the Indian market by storm? Possibly.'The only chink in the armour -- a minor one though -- is that the Venue, while spruced up for its weight class, doesn't look breathtakingly different from the other players in this crowded category,' says Pavan Lall.




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Badass TikTok has a change of heart

Runaway social media fave TikTok -- that has nearly one-fifth of India's eyeballs captive with its daft videos of robot dancing and bridegrooms playing PUBG post their weddings -- is now adding special value to its offering, discovers T E Narasimhan.




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One reason why Mahindra Marazzo is unbeatable

The only reason why the Marazzo interests you is because your budget doesn't afford you the better MPV, the Toyota Innova and that's where Mahindra has played the masterstroke, the price, it fits right between the Ertiga and Innova and if you want an MPV in this price bracket, the Marazzo is just unbeatable.




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Toyota Glanza vs Maruti Baleno: And the winner is?

The Glanza is clearly a rebadged Maruti Suzuki Baleno, however, Toyota has given it a longer warranty and a lower starting price to make it more attractive.Are there other compelling reasons to consider it over Baleno?




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'Ford Endeavour is indeed the best SUV in its segment'

There's hardly anything that can go wrong with this vehicle since it offers everything that a buyer in this segment would ever want.




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Trucking apps make fleet-owners' lives a smooth ride

Apps are improving the earnings of thousands of truckers by using data science and a host of technologies such as telematics, artificial intelligence, machine learning and Internet of Things. Peerzada Abrar reports.




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The milk of bovine kindness takes in other sources too

There has thus been a rise in the demand for animal products like camel's milk (for the lactose intolerant) to plant-based products like soy milk and almond milk for vegans. And as more consumers queue up for 'non-dairy' dairy products, brands are also milking the trend, says Vinay Umaji.




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India's growing coffee culture

Indian coffee shops market over the next four-five years will grow between 6 and 18 per cent CAGR, all due to the growing coffee culture among the youth, increasing urbanisation, rising disposable income levels and changing eating and drinking preferences, says Atanu Biswas.




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Superluxury manufacturers feel the pinch of slowdown

From auto to watches, the mood is sombre due to the alarming state of the Indian economy and value erosion in stock market capitalisation.




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Soon, your Hyundai vehicles could come with e-scooter

When mounted on a vehicle, the scooter is charged automatically using electricity produced while driving, ensuring that the user can complete their journey seamlessly, using the e-scooter to reach their final destination after parking the vehicle.




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Honda Jazz, a compact with sedan-like practicality

Although this segment has way too many offerings and the Jazz is one of the most expensive options, people looking for a reliable and spacious hatchback will not be disappointed by this vehicle.





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Secret behind the success of 90-year old Brand MTR

While the traditional masala portfolio continues to hold its sway, the brand is up against stiff competition from food delivery apps and the thriving community of restaurants that they support for its ready-to-cook and ready-to-eat fare.




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Company performance vs CEO salary: Explained in charts

Mid and small companies are more generous in rewarding their CEOs as compared to their larger peers.




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Swift shifts emotional gears to go to next level

However, for a brand that has spent a decade and a half on Indian roads, does a purpose-led narrative ensure longevity and relevance or does this dilute its positioning in a market where cause-led advertising has become the new normal?




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All about the A13 Bionic chip powering the iPhone 11

Apple says the A13 Bionic was the most power-efficient chip it's ever made -- it needs 40 per cent less power than the previous chip in the Apple Bionic series to perform the same tasks as the previous phones, says Devangshu Datta.




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Reimaging India's transportation for the future

Both US and Indian firms have risen to the challenge, recognising the huge market potential for companies with the capacity to think outside the box, says Nisha Biswal.




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Why Apple's strategy is different from Jio's

The difference is small but significant.Apple is disrupting the market by cutting price but it is not abandoning its premium positioning altogether, says Kanika Datta.




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Elegant 330i M Sport is an improvement on BMW's best

Spend a weekend with the BMW 330i M Sport and it becomes apparent that plenty of fresh elements have been injected into the new 3 Series, says Pavan Lall.




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Why Body Shop launched 1st global TV campaign in India

The Body Shop has a compelling ethical message behind the branding of its products, and its new piece of communication in India -- the first ever television commercial shot in any country -- takes that strategy forward, reports T E Narasimhan.




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The Rs 1.10-crore Mercedes V-Class Elite is here!

Equipped with a host of features including seats with massaging function, climate control, remote controlled door, 15 speaker surround sound system, the car also has agility control suspension system.




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Overall, Porsche Cayenne Coupe is a great package

This coupe SUV has all the elements that make a Porsche both aesthetically and dynamically poised.



  • SUV
  • BMW
  • Porsche Cayenne Coupe

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MG Motor eyes selling 2-3K units of electric SUV here

The MG ZS EV, to be unveiled next month, will go head to head with Hyundai Kona, launched in July this year as the country's first fully electric SUV.




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How L&T's cyclone warning system beat Fani in Odisha

Powered by solar panels and equipped with the latest technologies, the system remained up even when strong winds crippled mobile services and felled electric poles, writes Jayajit Dash.




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This RBI museum blends technology with history

In the museum, RBI's history is shown in panels that illuminate while moving on a rotating table, and begins with the commencement of RBI in 1934 and ends with Prime Minister Narendra Modi's famous speech on November 8, 2016 announcing demonetisation of Rs 500 and Rs 2,000 notes.




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Cheaper options available to deal with paddy stubble

One way would be to encourage farmers to come out of the long-standing paddy-wheat cycle. But for that to happen, farmers want income assurances akin to what they get for paddy and wheat, writes Sanjeeb Mukherjee.





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Nirav Modi assets garner Rs 2.29 crore in auction

The items which included a Porsche Panamera and a gold Cartier wristwatch were expected to fetch Rs 50 lakh.




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New Creta gets 14K bookings in 2 weeks

Offering buyers a car that meets their aspirations & lifestyle needs, the Creta became a style icon.The Creta, which was officially launched on Monday, is a global model, created with an investment of more than Rs 1,000 crore.




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Volkswagen Ameo is a well-built car and fun to drive

The main USP of the Volkswagen Ameo lies under the hood and that's the 1.5-litre diesel engine, which comes with a 7-speed DSG.The Volkswagen Ameo, however, is likely to be discontinued soon because it won't be upgraded to meet the new BS6 norms and the sales volumes also don't justify keeping the car on the assembly line, which is why Volkswagen updated the Polo and Vento recently but gave the Ameo a miss.




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RIL sets up India's 1st dedicated COVID-19 hospital

This first-of-its-kind-in-India centre is fully funded by Reliance Foundation and includes a negative pressure room that helps in preventing cross-contamination and helps control infection. All beds are equipped with the required infrastructure, biomedical equipment such as ventilators, pacemakers, dialysis machines, and patient monitoring devices.




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Lockdown? You can still buy that dream Mercedes!

The German luxury automaker has already seen its online traffic increase 10-fold this year.Though that has not always translated into sales, Mercedes-Benz says it is continuing to build on what it calls its "touch-free" experience to stay plugged into its consumer base.Under the used car business, more than 150 cars were sold online in January and February.




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Window on Canadian Tax

An invaluable compilation of expert commentary and analysis

Here is a surefire way to strengthen your tax expertise. Window on Canadian Tax® is the most comprehensive tax product in Canada that provides expert commentary on internal CRA documents in both English and French.

Gain valuable insights into the CRA’s approach to the law, including actual practices and policies of the government relating to tax matters. Commentary is provided for CRA documents released over more than two decades, so you can be confident you have comprehensive coverage.

If you also subscribe to Tax Window Files, you can make use of hypertext links in the commentary to link you directly to the original CRA documents, legislation, interpretation bulletins, and tax cases, enabling you to quickly track down the information you need.

The Internet version is updated semi-monthly.

Content includes:

  • CRA documents, pertinent legislation and tax cases
  • Commentary from Dentons Canada LLP and other expert contributors on the most important internal documents to emerge from the CRA including:
    • Technical Interpretations
    • Advance Tax Rulings
    • Memoranda between CRA offices
    • CRA’s answers to Tax Roundtable questions from various conferences
  • Cross-references to Wolters Kluwer CCH’s Canadian Tax Reporter
  • French CRA documents, summarized in English
Bonus features:

  • Free training and technical support


Window on Canadian Tax is a registered trademark of Wolters Kluwer Limited.

Wolters Kluwer CCH research subscriptions deliver the most timely, relevant and reliable tax information and commentary to Canada's tax professionals, significantly reducing research time.



Professionals who subscribe to the Window on Canadian Tax also find these publications instrumental to their practice:

If you would like more details about this product, or would like to order a copy online, please click here.




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Will Power

Will Power summarizes the various issues affecting estate administration in Canada, from funeral arrangements to the final passing of accounts. This newsletter contains feature articles written by practitioners, as well as case summaries and a legislative update.


If you would like more details about this product, or would like to order a copy online, please click here.




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Wainberg's Society Meetings Including Rules of Order, 2nd Edition

This edition of Wainberg's Society Meetings Including Rules of Order is an updated version of the very popular first edition that was published in 1992. Easy reading and authoritative discussion of many of the issues that would arise at, before, or during, the holding of meetings of directors or members of societies make this book an indispensable reference guide for members of various charities and other non-share capital corporations.

Editors

Hartley R. Nathan, Q.C.
J. Glyde Hone, LL.B., LL.M.

Publication Year: 2001

If you would like more details about this product, or would like to order a copy online, please click here.




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Understanding Section 55 and Butterfly Reorganizations, 3rd Edition

Butterfly reorganizations are among the most complex subjects in Canadian tax. Be fully versed with the most comprehensive resource available. Now available online, use your subscription to:
  • Search research content instantly
  • Access your applicable CCH subscriptions; all integrated
  • Save research to your electronic client files
  • Enjoy access virtually anywhere

This third edition of Understanding Section 55 and Butterfly Reorganizations is an essential reference for tax and legal professionals specializing in mergers and acquisitions. This extensively revised edition is the definitive source for in-depth analysis and authoritative information, including:

  • Various technical amendments released over the years that have altered the tax rules governing butterfly reorganizations.  
  • Department of Finance comfort letters indicating Finance’s intention to propose additional changes to various aspects of section 55.
  • Tax court decisions that have prompted the Canada Revenue Agency to change its interpretation of how section 55 applies in certain circumstances (e.g., in the calculation of safe income) and the meaning of certain terms in the tax law (e.g., "series of transactions", "in contemplation of").
  • Current reorganization techniques, practical examples and case studies of butterfly reorganizations within Canada.
Understanding Section 55 and Butterfly Reorganizations, 3rd Edition provides a comprehensive analysis of section 55 in its entirety, including the calculation of safe income. Topics covered include:

  • Subsection 55(2): The Basics
  • Paragraph 55(3)(A) Exemption
  • What Is a Butterfly?
  • The Pro Rata Distribution Requirement
  • The Butterfly Exemption Denial Rules
  • Exceptions to the Butterfly Exemption Denial Rules and Various Interpretive Rules
  • Related Issues

Rick McLean, CA, is a partner in the Mergers & Acquisitions Tax Services Group at KPMG LLP and leader of KPMG’s Corporate Reorganizations Tax practice in Toronto.  Rick specializes in and has extensive experience in structuring Canadian and international mergers, acquisitions, divestitures and corporate reorganizations, including public company spin-off transactions. Rick advises both public and private companies on M&A and corporate reorganization tax issues. The book includes contributions from KPMG Tax professionals across Canada who specialize in providing tax advice on complex corporate reorganization and M&A transactions.

If you would like more details about this product, or would like to order a copy online, please click here.