Page 5 - Corporate

UP govt likely to launch projects worth Rs 70,000 cr in June; PM may attend

Many corporate honchos, including those of Adani Group, Microsoft India, Reliance Industries, Hiranandani Group, Birla Group and ITC, are also likely to attend the event, the spokesman said

83% of people in India believe bots will succeed where humans failed: Study

People around the world are demanding more progress on sustainability and social efforts and are looking to businesses to step up

79% professionals plan to upskill in 2022: Upskilling Outlook in India rpt

As jobs in newer domains soared high in 2021, more than 70% of people chose to upskill to grab new opportunities

Eco Survey: Formalisation of economy increased corporate tax collection

The corporate income tax registered a growth of 90.4 per cent over April-November 2020 and 22.5 per cent over April-November 2019

CAT Productions disrupted the corporate film status-quo in India, says CEO

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Dumping stocks to punish bad corporate behavior has tiny impact

Even as billions of dollars diverts toward firms scoring higher on environmental, social and governance measures, the funding costs for bad actors has hardly budged, a study has found

At 17.3%, India Inc badly lags presence of women board members: Report

Corporate India lags the rest of its Western and Asian peers by a wide margin when it comes to the presence of women on their boards

Inter-co managerial/leadership services to attract 18% GST

Managerial and leadership services by corporate office to its group companies/construction sites registered in different states would attract 18 per cent GST, Maharashtra bench of AAR has ruled. B G Shirke Construction Technology Pvt Ltd had approached the Authority for Advance Ruling (AAR) seeking to know whether the managerial and leadership services provided by the registered/corporate office to its group companies would be considered as 'supply of service'. Also, whether the lump sum amount charged by the registered/corporate office on its group companies would be liable to Goods and Services Tax (GST). Passing its ruling, the Maharashtra AAR held that managerial and leadership services by corporate office to its group companies and other construction sites registered in different States is "supply of service" and would be taxable under GST. AMRG & Associates Senior Partner Rajat Mohan said this ruling would mean an additional levy of 18 per cent GST on the inter-company ...

US Senate's company tax plan boosts penalty on sending profit abroad

The proposal is one legislative piece of a $3.5 trillion tax and spending package that Democrats are now crafting to implement the bulk of President Joe Biden's longer-term economic plans

'Corporates CSR spends up 3% in FY21, PM-CARES not favourite in 2nd wave'

Corporates contributed only Rs 85 crore to the PM-CARES Fund during the second wave between March-June 2021, as against Rs 831 crore to what was classified as 'others'

RBI circular helps large lenders gain corporate banking mkt share: Report

In mid-2020, the RBI had come up with the circular that specified which bank can open a current account for a borrower, in order to check any misuse through multiple current accounts.

CSR in times of a pandemic

The basic conceptual problem with this UPA-era law that the NDA has embraced with gusto can be seen in the toilet-building frenzy that gripped India Inc in 2017-18

Global deal on corporation tax nears first stage as G-7 seeks common ground

Accord would pave way for wider consensus at G20, then OECD

IDBI Bank to cap corporate exposure to Rs 500 crore: Here're the details

The bank is also looking to grow its Rs 45,000 crore corporate book by about 10 per cent.

Meanwhile, the good news: A look at another side of the India story

T N Ninan looks at Credit Suisse India Strategist Neelkanth Mishra's four-part article series in Business Standard and how it spells hope at a time when a health care crisis has pervaded the country

Vindication for Tatas

Another legal battle over stake valuation must be avoided

View from the corporate netherworld

Book review of Hot Seat: Hard-won Lessons in Challenging Time

Budget 2021: Delhi govt accuses Centre of favouring big companies

The Delhi government accused the Centre of giving step motherly treatment to the national capital in the Union budget 2021-22, and claimed the budget is aimed at benefitting few big companies.

Localisation strategy for jobs would help address protectionism: Nilekani

He said the strategy for the companies is to be an active player in every market that they operate and have an articulation of partnership with that country and which reflects its priorities

Republicans face growing corporate backlash after Capitol assault

Announcements by corporates threaten to throttle fundraising resources for Republicans who will soon be out of power in the White House and both chambers of Congress