The budget proposed a five-year exemption on foreign-sourced income for non-resident individuals offering services in India under notified government schemes, allaying fears of double taxation.Experts and industry watchers said this is likely to materially improve India’s ability to attract and retain foreign specialists for longer durations, especially in these sunrise sectors which rely heavily on embedded global experts.“We view it as a big positive because we have been hiring a number of expats,” an exe ...

Core Viewpoint - Amentum plans to create 3,000 new jobs over the next four years, driven by growth in nuclear power and defense sectors in the UK [1] Company Summary - Amentum is a global leader in advanced engineering and innovative technology solutions [1] - The announcement of job creation aligns with the company's strategic focus on expanding its operations in the UK [1] Industry Summary - The growth in nuclear power and defense sectors is expected to contribute significantly to job creation and economic development in the UK [1] - The UK-U.S. partnership is highlighted as a key factor in supporting Amentum's expansion plans [1]

Core Points - Reeflex Solutions Inc. has entered into a credit agreement with the Royal Bank of Canada to support its growth and operational flexibility [1][3] - The credit facilities include a $1 million revolving demand facility and a $500,000 revolving term facility [2] - The financing is seen as a vote of confidence in the company's business model and management team [3] Credit Facilities Details - The revolving demand facility bears interest at the Royal Bank Prime Rate + 1.25% [2] - The revolving term facility consists of variable and fixed rate term loans with terms up to 72 months [2] - Specific repayment terms will be agreed upon at the time of drawdown [2] Security and Obligations - The credit agreement is secured by a General Security Agreement and a personal guarantee from an officer and director of the company [3] - It includes standard financial reporting obligations and customary fees such as an annual renewal fee, arrangement fee, and monthly management fee [4] Company Overview - Reeflex is a public company providing advanced engineering and manufacturing solutions across various industry sectors [5] - Through its subsidiary, Coil Solutions Inc., the company offers coil tubing injectors and downhole tools for the oil and gas sector [5] - The manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications [5]