Boston Scientific has leased more than 1.3 lakh sq ft of office space in Pune’s Wakad for a global capability centre, locking in a nearly 9.5-year term. The arrangement also offers an option for additional expansion, signaling growing investor confidence in Pune’s ability to attract multinationals seeking large campuses and skilled talent.
India’s new safe harbour framework for IT and ITeS is triggering fresh tax dilemmas for multinational firms and GCCs. The regime sets lower acceptable margins, pushing companies with existing Advance Pricing Agreements to decide whether to opt out. Others with pending APA applications are waiting for guidance on how their cases will fit the new rules.
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