Multinational Corporations

More than 100 companies have approached JPMorgan to explore banking and payment solutions for treasury operations in GIFT City, reflecting rising multinational interest in India's financial hub

Japanese companies are accelerating investments in India's Global Capability Centres, leveraging the country's growing innovation and technology ecosystem

Multinational tax and advisory firm Andersen Global has strengthened its presence in India through a collaboration agreement with tax and regulatory advisory firm JMP Advisors. The partnership is aimed at enhancing Andersen Global's capabilities in one of the world's fastest-growing major economies, a joint statement said. The collaboration will enable the global advisory firm to expand its tax, regulatory, transaction advisory and business consulting services in India, while providing multinational clients with access to local expertise and cross-border advisory solutions, it said. JMP Advisors, founded by tax expert Jairaj Purandare, advises domestic and international clients on a wide range of matters, including international and domestic taxation, transfer pricing, foreign investment advisory, cross-border structuring, transaction support, succession planning and regulatory compliance. The firm serves multinational corporations, private equity and venture capital-backed compani

Domestic device makers warn of safety and dumping risks, while MNC bodies back affordability benefits as the Centre reviews policy on refurbished high-end medical device imports

A Standard Chartered report shows over 40 per cent of global firms plan to increase trade and investment in India, citing its fast-growing economy, large market, and favourable business reforms

Earmarks nearly $1 billion to build three new data centres in India over the next three to four years

The OPM of manufacturing firms moderated by 20 basis points (bps) from 14.4 in Fy24 to 14.2 per cent in Fy25

Country's share in global growth 2-8 times its volume share: Report

Ireland is especially exposed to President-elect Donald Trump's pledges to slash corporate tax and incentivise industries to bring production back to the US

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

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

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

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

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

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

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 ...

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)

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

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

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