BOS Financial News

HBO has announced the premiere date for the third and final season of its dramedy series «Somebody Somewhere.» The show will return on October 27, airing on HBO and Max.

Canadian employees, once calling the shots in a world of record high job vacancies, now believe the tables have turned and that employers have the upper hand when it comes to hiring, a new survey has found.

A Canadian graphite miner has moved its headquarters outside the country to attract new investment as the federal government raises the bar for certain foreign companies to buy into Canada’s critical minerals sector.

football team faced a challenging start in the AFC Asian Cup campaign, succumbing to a 0-2 defeat against Australia in the opening match of Group B at Ahmad bin Ali Stadium, Al Rayyan on Saturday. Australia demonstrated dominance throughout the game, securing a comfortable victory with goals from Craig Irwine (50') and substitute Jordan Bos (73'). India's head coach Igor Stimac implemented three changes to his side following their 0-3 defeat to Qatar in the 2026 FIFA World Cup Qualifier in November. Gurpreet Singh Sandhu, Manvir Singh, and Deepak Tangri were handed starts, with Mohun Bagan Super Giant midfielder Tangri making his debut. Australia initiated the first chance of the game, with full-back Aziz Behich unleashing a powerful shot from outside the box that narrowly missed the target. Graham Arnold's side created another promising opportunity when Martin Boyle attempted a diving header from a cross, but it was easily collected by Sandhu. In the 16th minute, India registered their first attempt as Sunil Chhetri came close to giving India the lead.

U.S. Congress released the National Defense Authorization Act for 2024 this week, but failed to include crypto provisions in the critical piece of legislation.

Coin98, a multichain wallet and decentralized finance (DeFi) platform, has unveiled a decentralized application (dapp) store powered by the NEAR Blockchain Operating System (B.O.S), marking a pivotal move towards providing streamlined access to prominent Layer-2 (L2) ecosystems. This development was disclosed on November 2, 2023, in a press release by the NEAR Foundation.

A listed company needs to have a minimum public shareholding (MPS) of 25% to ensure sufficient market depth, to avoid market manipulations and to enable meaningful shareholders’ democracy. Let us for instance consider the case of a promoter already holding nearly 75% of shares of a listed company and wants to gain more control over his entity. The promoter may be tempted to set up some entities, preferably abroad, have some step-down entities under them, preferably strewn across tax havens, and then buy some shares of the company from the market in the guise of foreign portfolio investors (FPIs) who can be categorized as public. The term ‘FPI’ encompasses a wide range of Sebi-registered foreign investors—right from foreign governments to regulated entities like foreign banks, insurance companies to endowments and foundations to unregulated funds, subject to conditions.

FPIs), the capital market regulator has simplified the rule for identifying senior management officials (SMOs) in these offshore funds. The urgency to name a key official in an FPI is felt as it is often not possible to know who calls the shots in a fund which is often structured in multiple layers, with each vehicle in separate jurisdictions. Under the circumstances, the regulator had earlier said that the key official in the apex vehicle, which is at the top of the FPI chain, would be considered as the SMO. This did not go down well with most funds as senior officials of the top entity in New York and London were reluctant to be named as SMOs of a Mauritius or Singapore FPI vehicle, several layers below.

The CBIC on Monday issued a clarification with regard to availment of input tax credit (ITC) on services provided by the head office (HO) to its branch office (BO), a move which will benefit multilocational businesses operating in sectors like manufacturing, IT services and transportation.In respect of the supply of internally generated services by HO to BOs, where full input tax credit (ITC) is available to a BO, the value declared on the invoice by HO to the said BO may be declared as ‘Nil’, and thereby there would be no need for any tax compliance in such cases.

Supreme Court in the Adani Group case that since custodians were not legally mandated to keep granular details of all underlying investors with ownership in entities below a threshold, there was a possibility that one individual or entity could hold significant stakes in overseas funds through multiple platforms, each individually below the limit for identification as a beneficial owner (BO). The Securities and Exchange Board of India (Sebi) has filed an application in the Supreme Court detailing its response to various suggestions made by the apex court-appointed expert committee in the wake of the Hindenburg report against the Adani Group on potential breaches of securities laws.