Union Minister for Food Processing Industries, Chirag Paswan, announced at the World Economic Forum (WEF) that India has secured a significant investment of USD 250 million from Belgium-based AB InBev for the country's beverage sector. The investment will span over the next two to three years and the company will sign a Memorandum of Understanding (MoU) at a later time. This announcement is a testament to India's commitment towards fostering global collaboration and creating a dynamic international market.
Aditya Yellepeddi, head of an Indo-Swiss industry initiative, highlights the increasing interest in India from SMEs and cultural richness as key factors. He also discusses the potential for further growth in bilateral trade and investment, especially after the signing of the Trade and Economic Partnership Agreement in 2024. As a member of the Indian diaspora in Switzerland, Yellepeddi shares his perspectives on the changing dynamics and opportunities in both countries.
In a significant development, Switzerland has taken a unilateral decision to revoke the 'Most Favoured Nation' status accorded to India under the Double Taxation Avoidance Agreement (DTAA) treaty. This move will have a major impact on Indian businesses operating in Switzerland as well as Swiss investments in India. The decision was made by the Swiss finance department in response to the Supreme Court of India's 2023 ruling, stating that the MFN clause between two nations does not automatically apply when a country joins the OECD. This raises questions on the interpretation and application of the MFN clause in tax treaties under the OECD, which is known for shaping international policies for better economic and social outcomes.
Spain's La Roja are set to face Switzerland in their final Nations League group match as they aim to secure another title. With progress to the quarter-finals already confirmed, Spain may use this game as an opportunity to try out new strategies and players. Ayoze Perez, who scored the winner for Spain in their last match, is a doubt for tonight's clash due to an injury. Meanwhile, several younger players could make their debut for the European champions.
In a disappointing result for Switzerland, the team was relegated to the second tier of the UEFA Nations League after being held to a 1-1 draw by Serbia. Despite taking an early lead with Zeki Amdouni's goal, the Swiss were unable to hold on and secure a win. They now finish at the bottom of Group A4 with just two points from five matches.
Get expert tips for today's sports betting and don't miss the clash between Hungary and Germany in the opening game of the 2024/25 UEFA Nations League tournament. Germany will take on Hungary without goalkeeper Manuel Neuer, captain Ilkay Gundogan, Toni Kroos, and Thomas Muller as they start a new international cycle after their disappointing exit from UEFA EURO 2024. Meanwhile, Hungary, managed by Italian coach Marco Rossi, will aim to bounce back from their frustrating loss to Switzerland in the previous tournament. Don't miss this exciting match, broadcasted on FOX Sports and their streaming platforms.
The highly anticipated FIBA U18 Asia Cup 2024, known for showcasing top young basketball talent, is set to start in Amman, Jordan from September 2-9. India, fresh off their SABA Qualifiers win, will compete against tough opponents such as South Korea, Iran, and Kuwait in the group stage. Coach Scott Flemming makes his return as head coach, accompanied by former India international Narendra Grewal. The top four teams from this tournament will secure spots in the 2025 FIBA Under-19 Basketball World Cup in Switzerland.
After winning silver at the Paris Olympics, Indian javelin thrower Neeraj Chopra continued his stellar form at the Lausanne Diamond League in Switzerland. Despite a modest start, Neeraj managed to secure a distance of 89.49 metres, finishing second behind Anderson Peters of Grenada who set a new meet record with a throw of 90.61m. Neeraj's personal best of 89.94m, set at the Stockholm Diamond League in 2022, continues to be his career best and Indian national record.
Chelsea star forward, Cole Palmer, expresses his anticipation to reunite with manager Enzo Maresca and fellow new signings, Estevao Willian and Kendry Paez. Despite initial doubts over his hefty price tag and limited appearances under Pep Guardiola at Manchester City, Palmer had a phenomenal debut season with Chelsea, recording 22 goals and 11 assists in the Premier League and earning him the title of Chelsea's Player of the Season. With a spot in the Euro 2020 semi-finals up for grabs, there is a growing demand for Palmer to join the starting line-up for England's match against Switzerland this weekend. Managerial changes at Chelsea have not hindered Palmer's excitement, as he previously worked with Maresca at Manchester City's Under-21 squad.
After a close quarterfinal win against Switzerland, England faced off against the resilient Netherlands in the semifinals of UEFA Euro 2024. The Dutch took an early lead with a stunning goal, but England quickly equalized with a penalty. As the match headed into injury time, substitute Ollie Watkins scored a stunning goal to secure England's spot in the final against Spain. Both teams overcame tough journeys to reach the semifinals, and it was England who emerged victorious in the end.