Latest news with #CIR
Business Recorder
20-05-2025
- Business
- Business Recorder
Affected party (taxpayer): Assessment order communication mandatory: ATIR
ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has ruled that the communication of the assessment order to the affected party (taxpayer) is essential for the order to attain legal efficacy within the statutory timeframe. Through an order issued by the ATIR, it stated that an order passed internally on a file, but not communicated to the affected party (taxpayer) within the legally prescribed time limit, cannot be deemed to have been validly passed within that period. Prior to granting any extension in time for passing of amended order under Section 122(5A) of the Income Tax Ordinance, 2001, it is the bounden duty of the Commissioner to act impartially, providing a fair opportunity of hearing to all rival parties. It is reliably learnt that a landmark order has been passed by the ATIR on arguments made by tax lawyer Waheed Shahzad Butt wherein the ATIR held that communication of the order to the affected party is essential for the order to attain legal efficacy within the statutory timeframe. Merely signing or noting it on a file without informing the concerned party fails to meet the legal standard. Shahzad Butt Advocate, who represented the appellant, hailed the decision as a landmark in administrative and tax jurisprudence. He stated, 'This ruling is a critical reaffirmation that authorities must act transparently, within the bounds of the law, and with full regard to the rights of the parties involved. It sets a powerful precedent for future adjudication where procedural fairness is at stake.' ATIR order states 'Notice was issued on 08.01.2024 and the amended order has been passed on 08.11.2024. Resultantly, it has been proved that the order has been passed after a lapse of 305 days from the issuance of show cause notice, while as per statement of the author extension in time was sought from the concerned Commissioner after lapse of 239 days on 03.09.2024. A total period of 240 days has been provided by the legislature to dispose of the show cause notice (SCN)in the shape of assessment order. It is now settled principle of law that prior to granting extension, it is the bounden duty of the CIR to provide an opportunity of hearing to the rival parties and act like a neutral unbiased umpire. However, in the instant case, admittedly no such opportunity has been granted to the appellant, which renders the extension order illegal & void ab-initio. The impugned amended order is thus time barred, ATIR order added. Copyright Business Recorder, 2025
Time of India
07-05-2025
- Business
- Time of India
Along with the Bhushan Power and Steel, JSW Steel case, RP under the spotlight, too
The Supreme Court stopped JSW Steel's purchase of Bhushan Power and Steel. This decision highlights Mahender Kumar Khandelwal's role. He was the resolution professional. The court cited delays and JSW Steel's funding. Khandelwal allegedly failed in his duties. He didn't seek extensions or verify JSW Steel's eligibility. Bhushan Power was among firms identified for resolution by RBI. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Last week's Supreme Court order scrapping JSW Steel 's acquisition of Bhushan Power and Steel (BPSL) has put under the spotlight the role of Mahender Kumar Khandelwal , the resolution professional the top court hauled up for his 'utter' failure in discharging 'statutory' duties in one of India's biggest manufacturing debt-resolutions to record as a resolution professional-after India revamped bankruptcy laws to help extricate lakhs of crores of rupees stuck in debt-laden companies-is best described as chequered. Khandelwal faced questions over the 'unnecessary use' of chartered planes, besides allegations of favouring JSW Steel in the debt resolution. He also faced charges of allegedly being a party to what probe agencies described as similar to a money-laundering exercise during his early tenure as a Bhushan its observations on Friday, the Supreme Court bench cited two key reasons for its decision: A delay in implementing the resolution plan, and the funding structure used by JSW Steel."The resolution professional had utterly failed to discharge his statutory the course of entire CIR proceedings of the corporate debtor BPSL," the bench said in its was pulled up for allegedly not making an application for extension of time under Section 12 of the Insolvency and Bankruptcy Code (IBC), and for not certifying whether JSW Steel was "eligible" under Section 29A to submit a resolution plan. The resolution professional also allegedly didn't make any applications to avoid transactions in accordance with Chapter-III of the code, the SC Power was one of the 'dirty dozen' recognised by the Reserve Bank of India (RBI) in 2017 for resolution, and this bankruptcy received bids from multiple interested parties.
Business Recorder
23-04-2025
- Business
- Business Recorder
IBA Karachi gets AACSB accreditation
KARACHI: IBA's School of Business Studies (SBS) has been awarded the prestigious Association to Advance Collegiate Schools of Business (AACSB) accreditation, joining the top 6% of the world's leading schools to hold this highly sought-after accreditation. Founded in 1916, AACSB is the oldest business education accreditation body headquartered in the United States. Its accreditation is synonymous with the highest standards in business education and is recognised worldwide for its stringent assessment process. The accreditation is awarded after a rigorous evaluation process, engagement with AACSB-assigned mentor, comprehensive review and visit by a Peer Review Team (PRT) consisting of deans from accredited business schools, and demonstration of alignment with the nine accreditation standards focusing on strategic management and innovation, learner success, thought leadership, engagement, and societal impact. Achieving AACSB accreditation affirms IBA's unwavering commitment to developing future leaders. It reflects the institute's relentless pursuit of excellence, and the rigorous academic standards embedded across its programs. After achieving the accreditation, IBA now enters AACSB's Continuous Improvement Review (CIR) cycles, ensuring sustained progress and alignment with globally benchmarked standards. As one of the most widely recognised accreditations in the world, AACSB will further boost the global recognition and employability of IBA graduates. According to the 2024 AACSB analysis of Fortune 500 and S&P 500 company data, 73% of CEOs at Fortune 100 companies and 75% of the highest-paid CEOs at S&P 500 companies hold degrees from AACSB-accredited schools, underscoring the impact of the AACSB accredited institutions. Copyright Business Recorder, 2025
Yahoo
22-04-2025
- Business
- Yahoo
France Data Center Market Investment Analysis Report 2025-2030: New Entrants include CloudHQ, Nation Data Center, Mistral AI, NTT DATA, PHOCEA DC, Yondr, evroc, DataOne, Goodman and OPCORE
Key growth drivers include government tax credits for renewable energy, strategic investments with the UAE in AI data centers, and adoption of innovative cooling technologies. Major players like Digital Realty, Equinix, and NTT DATA are fueling market expansion. Discover insights on the competitive landscape, infrastructure investments, and market forecasts. French Data Center Market Dublin, April 22, 2025 (GLOBE NEWSWIRE) -- The "France Data Center Market - Investment Analysis & Growth Opportunities 2025-2030" report has been added to Data Center Market was valued at USD 3.42 Billion in 2024, and is projected to reach USD 6.40 Billion by 2030, rising at a CAGR of 11.01%. KEY HIGHLIGHTS France's government took several initiatives to support investment in renewable energy through a tax credit program. For instance, in December 2023, the France government introduced tax credits for renewable energy investment, including projects such as the production of batteries, solar panels, wind turbines, and heat pumps. Under this program, the government provides tax credits between 20% to 60%, depending on the size and location of the projects. The France government is taking the initiative to support AI data center growth and digital infrastructure in France. For instance, in February 2024, the French government announced that it had signed an agreement with the government of the United Arab Emirates to invest around USD 52 billion for an AI data center in France with a power capacity of around 1 GW. Data centers involved in research and development activities might qualify for the Credit d'Impot Recherche (CIR), which offers a tax credit for eligible R&D expenditures. In the France data center market, facilities are starting to adopt liquid cooling technologies for their data center to improve cooling and power consumption in data centers. For instance, in January 2024, DATA4 announced that it had signed a partnership with OVHcloud to provide OVHcloud's liquid cooling solution at Data4's site in Marcoussis, Paris. In October 2024, Amazon announced that through its subsidiary Amazon Web Services, it will provide digital skill training, including cloud computing, artificial intelligence, and security, to around 600,000 people in France by 2030. WHY SHOULD YOU BUY THIS RESEARCH? Market size available in the investment, area, power capacity, and the France colocation market revenue. Assessment of the data center investment in France by colocation, hyperscale, and enterprise operators. Data center investments in the area (square feet) and power capacity (MW) across cities in the country. A detailed study of the existing France data center market landscape, an in-depth market analysis, and insightful predictions about the France data center market size during the forecast period. Snapshot of existing and upcoming third-party data center facilities in France Facilities Covered (Existing): 146 Facilities Identified (Upcoming): 21 Coverage: 40+ Cities Existing vs. Upcoming (Data Center Area) Existing vs. Upcoming (IT Load Capacity) Data center colocation market in France Colocation Market Revenue & Forecast (2021-2030) Retail vs Wholesale Colocation Market Revenue & Forecast (2021-2030) Retail & Wholesale Colocation Pricing The France data center market landscape investments are classified into IT, power, cooling, and general construction services with sizing and forecast. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry. A transparent research methodology and the analysis of the demand and supply aspects of the market. EXISTING VS. UPCOMING DATA CENTERS Existing Facilities in the Region (Area and Power Capacity) Paris Marseille Other Cities List of Upcoming Facilities in the Region (Area and Power Capacity) Paris Marseille Other Cities FRANCE DATA CENTER MARKET VENDOR LANDSCAPE Some of the key colocation data center investors in the France data center market include Digital Realty, Equinix, DataOne, Telehouse, SFR Business, Orange Business Services, CyrusOne, Global Switch, DataOne, Scaleway, and others. In February 2024, NTT DATA planned to develop its data center with an IT capacity of over 84 MW in Paris, France to respond to the growing demands of colocation services in the country. In 2024, the France data center market has witnessed around 10 new entrants such as CloudHQ, Nation Data Center, Mistral AI, NTT DATA, PHOCEA DC, Yondr, evroc, DataOne, Goodman, and OPCORE. These companies are entering the France data center market to provide colocation services across the country, and it will increase the market competitiveness in the forecast period. The France data center market has the presence of several global support infrastructure providers that will increase the competitiveness in the market. Some of the support infrastructure vendors present in the France data center market include 3M, ABB Alfa Laval, Caterpillar, Carrier, Cummins, Honeywell International, Legrand, Schneider Electric Rehlko, Vertiv, and others. The France data center market has several local and global construction contractors operating in the market, including APL Data Center, Artelia, Bouygues Energies & Services, CapIngelec, Mercury, Eiffage, VINCI Energies Building Solution, Reid Brewin Architects, and others that have been offering their services in the market. For instance, in February 2024, Mercury announced that it had delivered Digital Realty's PAR9 Data Center facility. The company provided architectural design, mechanical systems, electrical systems, and commissioning services. IT Infrastructure Providers Arista Networks Atos Broadcom Cisco Systems Dell Technologies Extreme Networks Fujitsu Hewlett Packard Enterprise Huawei Technologies IBM Inspur Juniper Networks Lenovo NetApp Pure Storage Quanta Cloud Technology Data Center Construction Contractors & Sub-Contractors APL Data Center Artelia Arup BENTHEM CROUWEL ARCHITECTS Bouygues Energies & Services CapIngelec Eiffage EYP MCF JERLAURE Exyte (M+W Group LPI Group Mercury Reid Brewin Architects TPF Ingenierie VINCI Energies Building Solutions Egis Equans Data Centers Support Infrastructure Providers 3M ABB Alfa Laval Caterpillar Carrier Condair Cummins D'HONDT THERMAL SOLUTIONS Eaton ebm-papst FlaktGroup Grundfos GS Yuasa International HITEC Power Protection Honeywell International Johnson Controls Rehlko Legrand Mitsubishi Electric Munters Nlyte Software Perkins Engines Piller Power Systems Riello UPS Rittal Rolls-Royce Schneider Electric Siemens Socomec STULZ Vertiv Lennox Data Center Investors Colt Data Centre Services CyrusOne DATA4 Digital Realty Equinix Etix Everywhere Global Switch Orange Business Services Scaleway SFR Business Telehouse Microsoft Thesee DataCenter New Entrants CloudHQ Nation Data Center Mistral AI NTT DATA PHOCEA DC Yondr evroc DataOne Goodman OPCORE Key Attributes: Report Attribute Details No. of Pages 136 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $3.42 Billion Forecasted Market Value (USD) by 2030 $6.4 Billion Compound Annual Growth Rate 11.0% Regions Covered France REPORT COVERAGEThis report analyses the France data center market share. It elaborately analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes: IT Infrastructure Servers Storage Systems Network Infrastructure Electrical Infrastructure UPS Systems Generators Transfer Switches & Switchgears PDUs Other Electrical Infrastructure Mechanical Infrastructure Cooling Systems Rack Cabinets Other Mechanical Infrastructure Cooling Systems CRAC & CRAH Units Chiller Units Cooling Towers, Condensers & Dry Coolers Other Cooling Units General Construction Core & Shell Development Installation & Commissioning Services Engineering & Building Design Fire Detection & Suppression Systems Physical Security Data Center Infrastructure Management (DCIM) Tier Standard Tier I & Tier II Tier III Tier IV Geography Paris Other Cities For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment French Data Center Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
22-04-2025
- Business
- Yahoo
France Data Center Market Investment Analysis Report 2025-2030: New Entrants include CloudHQ, Nation Data Center, Mistral AI, NTT DATA, PHOCEA DC, Yondr, evroc, DataOne, Goodman and OPCORE
Key growth drivers include government tax credits for renewable energy, strategic investments with the UAE in AI data centers, and adoption of innovative cooling technologies. Major players like Digital Realty, Equinix, and NTT DATA are fueling market expansion. Discover insights on the competitive landscape, infrastructure investments, and market forecasts. French Data Center Market Dublin, April 22, 2025 (GLOBE NEWSWIRE) -- The "France Data Center Market - Investment Analysis & Growth Opportunities 2025-2030" report has been added to Data Center Market was valued at USD 3.42 Billion in 2024, and is projected to reach USD 6.40 Billion by 2030, rising at a CAGR of 11.01%. KEY HIGHLIGHTS France's government took several initiatives to support investment in renewable energy through a tax credit program. For instance, in December 2023, the France government introduced tax credits for renewable energy investment, including projects such as the production of batteries, solar panels, wind turbines, and heat pumps. Under this program, the government provides tax credits between 20% to 60%, depending on the size and location of the projects. The France government is taking the initiative to support AI data center growth and digital infrastructure in France. For instance, in February 2024, the French government announced that it had signed an agreement with the government of the United Arab Emirates to invest around USD 52 billion for an AI data center in France with a power capacity of around 1 GW. Data centers involved in research and development activities might qualify for the Credit d'Impot Recherche (CIR), which offers a tax credit for eligible R&D expenditures. In the France data center market, facilities are starting to adopt liquid cooling technologies for their data center to improve cooling and power consumption in data centers. For instance, in January 2024, DATA4 announced that it had signed a partnership with OVHcloud to provide OVHcloud's liquid cooling solution at Data4's site in Marcoussis, Paris. In October 2024, Amazon announced that through its subsidiary Amazon Web Services, it will provide digital skill training, including cloud computing, artificial intelligence, and security, to around 600,000 people in France by 2030. WHY SHOULD YOU BUY THIS RESEARCH? Market size available in the investment, area, power capacity, and the France colocation market revenue. Assessment of the data center investment in France by colocation, hyperscale, and enterprise operators. Data center investments in the area (square feet) and power capacity (MW) across cities in the country. A detailed study of the existing France data center market landscape, an in-depth market analysis, and insightful predictions about the France data center market size during the forecast period. Snapshot of existing and upcoming third-party data center facilities in France Facilities Covered (Existing): 146 Facilities Identified (Upcoming): 21 Coverage: 40+ Cities Existing vs. Upcoming (Data Center Area) Existing vs. Upcoming (IT Load Capacity) Data center colocation market in France Colocation Market Revenue & Forecast (2021-2030) Retail vs Wholesale Colocation Market Revenue & Forecast (2021-2030) Retail & Wholesale Colocation Pricing The France data center market landscape investments are classified into IT, power, cooling, and general construction services with sizing and forecast. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry. A transparent research methodology and the analysis of the demand and supply aspects of the market. EXISTING VS. UPCOMING DATA CENTERS Existing Facilities in the Region (Area and Power Capacity) Paris Marseille Other Cities List of Upcoming Facilities in the Region (Area and Power Capacity) Paris Marseille Other Cities FRANCE DATA CENTER MARKET VENDOR LANDSCAPE Some of the key colocation data center investors in the France data center market include Digital Realty, Equinix, DataOne, Telehouse, SFR Business, Orange Business Services, CyrusOne, Global Switch, DataOne, Scaleway, and others. In February 2024, NTT DATA planned to develop its data center with an IT capacity of over 84 MW in Paris, France to respond to the growing demands of colocation services in the country. In 2024, the France data center market has witnessed around 10 new entrants such as CloudHQ, Nation Data Center, Mistral AI, NTT DATA, PHOCEA DC, Yondr, evroc, DataOne, Goodman, and OPCORE. These companies are entering the France data center market to provide colocation services across the country, and it will increase the market competitiveness in the forecast period. The France data center market has the presence of several global support infrastructure providers that will increase the competitiveness in the market. Some of the support infrastructure vendors present in the France data center market include 3M, ABB Alfa Laval, Caterpillar, Carrier, Cummins, Honeywell International, Legrand, Schneider Electric Rehlko, Vertiv, and others. The France data center market has several local and global construction contractors operating in the market, including APL Data Center, Artelia, Bouygues Energies & Services, CapIngelec, Mercury, Eiffage, VINCI Energies Building Solution, Reid Brewin Architects, and others that have been offering their services in the market. For instance, in February 2024, Mercury announced that it had delivered Digital Realty's PAR9 Data Center facility. The company provided architectural design, mechanical systems, electrical systems, and commissioning services. IT Infrastructure Providers Arista Networks Atos Broadcom Cisco Systems Dell Technologies Extreme Networks Fujitsu Hewlett Packard Enterprise Huawei Technologies IBM Inspur Juniper Networks Lenovo NetApp Pure Storage Quanta Cloud Technology Data Center Construction Contractors & Sub-Contractors APL Data Center Artelia Arup BENTHEM CROUWEL ARCHITECTS Bouygues Energies & Services CapIngelec Eiffage EYP MCF JERLAURE Exyte (M+W Group LPI Group Mercury Reid Brewin Architects TPF Ingenierie VINCI Energies Building Solutions Egis Equans Data Centers Support Infrastructure Providers 3M ABB Alfa Laval Caterpillar Carrier Condair Cummins D'HONDT THERMAL SOLUTIONS Eaton ebm-papst FlaktGroup Grundfos GS Yuasa International HITEC Power Protection Honeywell International Johnson Controls Rehlko Legrand Mitsubishi Electric Munters Nlyte Software Perkins Engines Piller Power Systems Riello UPS Rittal Rolls-Royce Schneider Electric Siemens Socomec STULZ Vertiv Lennox Data Center Investors Colt Data Centre Services CyrusOne DATA4 Digital Realty Equinix Etix Everywhere Global Switch Orange Business Services Scaleway SFR Business Telehouse Microsoft Thesee DataCenter New Entrants CloudHQ Nation Data Center Mistral AI NTT DATA PHOCEA DC Yondr evroc DataOne Goodman OPCORE Key Attributes: Report Attribute Details No. of Pages 136 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $3.42 Billion Forecasted Market Value (USD) by 2030 $6.4 Billion Compound Annual Growth Rate 11.0% Regions Covered France REPORT COVERAGEThis report analyses the France data center market share. It elaborately analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes: IT Infrastructure Servers Storage Systems Network Infrastructure Electrical Infrastructure UPS Systems Generators Transfer Switches & Switchgears PDUs Other Electrical Infrastructure Mechanical Infrastructure Cooling Systems Rack Cabinets Other Mechanical Infrastructure Cooling Systems CRAC & CRAH Units Chiller Units Cooling Towers, Condensers & Dry Coolers Other Cooling Units General Construction Core & Shell Development Installation & Commissioning Services Engineering & Building Design Fire Detection & Suppression Systems Physical Security Data Center Infrastructure Management (DCIM) Tier Standard Tier I & Tier II Tier III Tier IV Geography Paris Other Cities For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment French Data Center Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
