An Analysis on the Prevention of Sexual Harassment ACT, 2013

  Quick Fact: Global Capability Centers in India India hosts over 1,800 global capability centers (GCC), providing employment to more than 2 million individuals. These GCCs together contributed INR 5.4 trillion in 2024 and are anticipated to surpass 8.5 trillion by 2030. Bengaluru, Hyderabad, Delhi NCR, Mumbai, Pune and Chennai continue to be the leading hubs for global capability centers. The Indian government has established special economic zones (SEZs) to facilitate the setup of GCCs, offering companies access to a range of tax incentives and other benefits. Due to its skilled workforce, 75% of the top 1,000 global R&D centers have established a presence in India. Union Budget 2025 has introduced a national framework aimed at driving the growth of GCCs in Tier-2 cities. India is projected to experience a 15-20% increase in non-US companies establishing GCCs in the next two years, with the UK, Germany, Japan and Nordic countries at the forefront of this shift.  Glo...

  Quick Fact: India’s Semiconductor Industry The Indian government has allocated INR 760 Bn under the India Semiconductor Mission (ISM) to develop a domestic semiconductor and display manufacturing ecosystem. India’s semiconductor industry currently represents only 3% of the global market. India’s semiconductor industry currently employs around 220,000 professionals, with plans to expand the workforce by 1 million jobs by 2026. As of 2025, women represent 25% of India’s semiconductor workforce, with expectations to rise to 35% by 2030. Annually, India produces around 600,000 engineering graduates in electronics-related fields. India allows 100% Foreign Direct Investment (FDI) in electronics manufacturing under the automatic route, except for countries that share a land border with India. The Indian government offers up to 50% fiscal support for semiconductor fabrication units and has introduced initiatives such as Production Linked Incentive (PLI) and Semiconductor and Display Manu...

  Quick Fact: India Telecommunication Industry India is the world’s second-largest telecommunications market. As of October 2024, India’s total telephone subscriber base stood at 1,188.2 million. India is expected to reach 350 million 5G subscriptions by 2026. The total volume of wireless data usage surged more than tenfold, rising from 4,206 petabytes in Q1 of FY18 to 47,629 petabytes in Q2 of FY24. India holds the second position globally in both international mobile broadband internet traffic and international internet bandwidth. Indian telecommunication holds the position of the third-highest sector in terms of FDI inflows into the country. India’s mobile customer base grew at a steady Compound Annual Growth Rate (CAGR) of 2.9% between 2014 and 2024, reflecting consistent expansion in wireless connectivity over the decade. As of the first half of fiscal 2024, wireless services made up 97.4% of all telecom customers in India, while only 2.6% used wireline services. During the 5G...

  Overview: Steel Industry in India In recent years, India’s steel sector has grown rapidly, placing the country among the top steel producers in the world. Today, India is the second-largest producer of steel globally, showing its strong position in the international market and its growing contribution to industrial development. Metals have always played a key role in driving industrial growth and among them, steel is one of the most important. Steel is used both as a basic building material and in the production of many other goods, making it a strong indicator of a country’s economic progress. The steel industry supports several major sectors such as construction, infrastructure, automotive, engineering and defence. Steel Industry in India India Steel Industry: Major Players Tata Steel : Tata Steel ranks among the world’s most diversified integrated steel manufacturers, with a crude steel production capacity of 35 MTPA (Million Tons Per Annum)....

The MRO (Maintenance, Repair, and Overhaul) industry plays a crucial role in the aviation sector by ensuring the safety, performance, and reliability of aircraft. It encompasses a variety of services, such as routine maintenance, repairs of specific damaged components, and overhauls that involve thorough inspections and refurbishments. These services are critical to keeping aircraft in optimal working condition and are divided into key sub-segments, including engine maintenance, airframe upkeep, component repairs, and avionics services. In India, the MRO market has been expanding steadily in recent years, driven by the rising demand in both domestic aviation and regional aerospace activities. Key Indian Players in MRO Industry Air India Engineering Services Limited (AIESL) AIESL is India’s largest MRO service provider, offering comprehensive maintenance, repair, and overhaul services for a wide range of aircraft, including Airbus and Boeing models. AIESL is certified by DGCA, FAA, ...

We are witnessing an unprecedented shift in the global business landscape, driven by the acceleration of Generative AI and intelligent automation. These technologies are not merely tools, they are reshaping how businesses create, deliver and measure value. In this evolving scenario, Transfer Pricing (TP), the backbone of cross-border inter-company transaction regulation, faces a critical need to evolve. AI in the Service of TP Compliance AI is not just a challenge; it’s also a powerful tool for TP compliance, as given below: Natural Language Generation (NLG) can draft tailored local files, intercompany agreements and risk summaries with improved accuracy. AI-driven analytics can simulate transfer pricing outcomes, evaluate scenario-based risk exposure and benchmark intangibles through pattern recognition. Machine Learning models can detect outlier pricing in intercompany transactions, helping preempt scrutiny. Firms using AI for proactive compliance will likely benefit from reduced a...

  This blog takes a brief look at the method of conducting a comparability analysis along with the challenges in the context of Indian Transfer Pricing regulations. Meaning of Comparability Analysis As per the Organisation for Economic Co-operation and Development (OECD), Comparability analysis involves identifying and comparing an uncontrolled transaction or company to the controlled transaction under review. The primary objective of this analysis is to assess whether the conditions and economic circumstances surrounding the controlled transaction (transaction with related parties) align with those that would have existed between independent enterprises operating under comparable conditions. This analysis is essential to ensure that the terms of the transaction reflect an arm’s length standard, as would be expected in dealings between unrelated parties. Need for Comparability Analysis Comparability analysis is an important component of benchmarking, as it helps to set a base for s...