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Earth Day: Students, environmentalists, MNCs join chorus to save planet

Earth Day: Students, environmentalists, MNCs join chorus to save planet

He hoped that this year`s theme of "Environmental and Climate Literacy" would help in creating awareness about protecting nature and natural resources.
 

India should aspire to become global power of happiness: President Pranab Mukherjee

India should aspire to become global power of happiness: President Pranab Mukherjee

President Pranab Mukherjee on Friday underscored the need for India to be a global powerhouse not just in terms of economic parameters but also 'Gross National Happiness'.

I-T dept identifies up to 5,000 MNCs late on tax payments

I-T dept identifies up to 5,000 MNCs late on tax payments

Income Tax Department has identified 4,000-5,000 foreign companies based in this megapolis that are not paying taxes on time, including due to tax disputes, and expects to soon recover from them dues totalling nearly Rs 8,000 crore.

MNCs beat Indian companies as preferred place to work: Survey

MNCs beat Indian companies as preferred place to work: Survey

Multinational companies (MNCs) beat Indian firms as preferred place to work, as nearly 88 percent employees working with domestic firms, if offered a choice, would like to switch to international organisations, says a survey.

FM Jaitley to set threshold for taxing indirect share transfer by MNCs

FM Jaitley to set threshold for taxing indirect share transfer by MNCs

Finance Minister Arun Jaitley is likely to introduce the threshold to establish whether a overseas company has substantial business interest in India.

MNCs may have to disclose details of HQ ops to I-T dept

Multinational companies operating in India will soon have to disclose details of their operations at the country of residence and their revenue income to the Income Tax authorities.

Second French suspect charged over Luxleaks tax probe

A second French suspect was charged Friday with theft and money-laundering in ongoing investigations into the leaking of secret tax avoidance deals between Luxembourg and multinational companies, a scandal dubbed Luxleaks.

Britain launches new 'Google tax' on multinationals

The British government Wednesday slapped a new tax rate on multinational companies that seek to avoid paying their fair share to Treasury coffers.

MNCs buy offices worth Rs 2,470 cr in India

Multi-national firms have invested nearly Rs 2,500 crore in under three years to buy office space in India as against leasing it, property consultant Cushman & Wakefield said.

EU widens tax probe into multinationals

Luxembourg is used by many multinationals including online retailer Amazon, building equipment maker Caterpillar and UK mobile telecoms group Vodafone. 

'BIPAs damage India's interest; end them gradually'

Worried over frequent invocation of investment protection pacts by MNCs, the Commerce and Industry Ministry is in favour of gradually phasing them out saying that they hurt India's interest.

I-T dept signs APAs with 5 MNCs, more pacts in offing

Seeking to reduce litigations and promote foreign investments, the Income Tax department has signed Advance Pricing Agreements with 5 multinational firms and plans to enter into more such pacts.

MNCs prefer Tier-I engg institutions for hiring talent: Report

While the average total guaranteed compensation (TGC) for a graduate at a tier I institution was Rs 8.07 lakh, the average TGC for a graduate from a Tier II established institution was Rs 6.49 lakh.

'India 11th most favoured for setting up MNC headquarters'

India hosts about 158 large global companies having a revenue of USD 1 billion or more, making the country the 11 most favoured destination for setting up of a multinational corporation headquarters, says a report.

Only 26% of MNCs have global roles from India: Survey

Among the several multinationals companies with research and development presence in the country, only 26 percent have global roles from India, says a study by market research firm Zinnov.

Almost 400 MNCs have their Asia HQs in Shanghai

According to figures from the municipal trade commission published Monday in the Shanghai Daily, 393 MNCs already have their main Asia offices in this metropolis of more than 24 million people.