Multinational Corporations

'Will never happen again': EY India Chairman on missing CA's funeral

'Completely alien to our culture', says Rajiv Memani after letter written by grieving mother of deceased employee creates controversy

Microsoft regains top spot as best employer to work for in India: Randstad

The company was on the top of the list in 2022, but had slipped to fifth in 2023

India not to sign global corporate tax deal until concerns addressed

US Treasury Secretary Janet Yellen in May accused India of refusing to engage on issues important to US interests, noting that negotiations were stuck

MNC selldowns

As multinational corporations capitalise on India's valuation premium, there are reasons for caution as well

India benefiting from growing interest from multinationals, says UN

India is benefiting from growing interest from multinationals, which see it as an alternative manufacturing base in the context of developed economies' supply chain diversification strategies, a flagship report by the UN has said, underlining that investment in the country remains strong. The 2024 Financing for Sustainable Development Report: Financing for Development at a Crossroads (FSDR 2024)' launched Tuesday said that urgent steps are needed to mobilise financing at scale to close the development financing gap, now estimated at 4.2 trillion dollars annually, up from 2.5 trillion dollars before the COVID-19 pandemic. underlining that investment in the country remains strong. Meanwhile, rising geopolitical tensions, climate disasters and a global cost-of-living crisis have hit billions of people, battering progress on healthcare, education, and other development targets. The report said that investment is expected to remain subdued globally. "In contrast, investment in South Asi

MNCs, GCCs lead India office space leasing; to reach 62 mn sq ft by 2025

Number of Global Capability Centres likely to reach 3,000 by 2030, employing more than 3 million people

Deal to make MNCs to pay 15% tax marred by loopholes: EU backed watchdog

An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned. The landmark agreement, brokered by the Organization for Economic Cooperation and Development, set a minimum global corporate tax of 15%. The idea was to stop multinational corporations, among them Apple and Nike, from using accounting and legal maneuvers to shift earnings to low- or no-tax havens. Those havens are typically places like Bermuda and the Cayman Islands where the companies actually do little or no business. The companies' maneuvers result in lost tax revenue of $100 billion to $240 billion a year, the OECD has said. According to the report, being released Monday by the EU Tax Observatory, the agreement was expected to raise an amount equal to nearly 10% of global ...

Some MNCs may face tax heat as SC clears air on MFN applicability

The issue emerged when India signed treaties with other nations, including Slovenia, Lithuania, and Colombia, and fixed a lower rate (5 per cent withholding tax)

MDB reforms off the block

Driven by the G20 declaration, transformative changes have begun at multilateral banks

India to push G20 to raise share of taxes on cos which earn excess profit

More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinationals

India sourcing: From hurdle to ambition

India must build on its supply chain logistics and fill the wide infrastructure gaps

Finance Bill: Withholding tax on royalty and technical fee doubled to 20%

The decision is part of the 64 amendments introduced through the Finance Bill 2023

Office space demand can translate into high returns, say experts

Oversupply, poor maintenance can, however, play spoilsport

China's Covid-19 policy responsible for exodus of MNCs, says report

China's Zero-Covid policy and its sporadic lockdowns are pushing multinational firms from its lands to different countries, a media report

NMDC institutes in Chhattisgarh's Dantewada district send youths to MNCs

Besides mining, the company has pioneered development initiatives and steered changes in improving the quality of education in remote areas as part of its corporate social responsibility (CSR).

Senate Democrats approve big Biden deal worth $740 bn; House to vote next

Democrats pushed their election-year economic package to Senate passage, a hard-fought compromise less ambitious than Biden's original domestic vision but one that still meets deep-rooted party goals

Global minimum tax will make developing nations less attractive: UN report

The proposed reforms, planned for 2023 or 2024, aim to discourage multinationals from shifting profits to low-tax countries

From Coca-Cola to Apple Inc, here are India's best unlisted companies

In all, 18 out of the best 30 unlisted companies in the 2021 league table are local subsidiaries of global multinationals.

Activists behind Shell climate verdict target 30 major corporate emitters

The Dutch wing of environmental group Friends of the Earth, which won a landmark court victory against Royal Dutch Shell last year, is targeting 30 major corporate emitters in a campaign

Will Indian conglomerates also go the General Electric way?

Johnson and Johnson, GE and Toshiba recently announced split into multiple entities. Do the demands of an emerging market like India require a different approach? Let's find an answer to this question