It is thanks to the policy of liberalisation conceived by Manmohan Singh and enforced by P V Narasimha that the Indian economy has now become the world's 5th largest economy by nominal GDP, asserts Dr Sudhir Bisht.
It noted that profit shifting to low tax jurisdictions could be a major cause for base erosion in India.
The government introduced new tax rules on Wednesday aimed at reducing litigation with multinational firms over cross-border transactions the government considers tax avoidance schemes.
Find out which companies, which industries, and which regions are fueling the entrepreneurial economy.
Industry experts say that even though international companies face problems in setting up new projects on their own, given the problems associated with acquiring land and rehabilitating the displaced people, their keenness to become a part of the growing Indian market remains intact.
FIPB clears Telenor proposal to raise stake in Indian unit with the clause that officials who have worked in Pakistan will not be allowed in India.
Indian companies, many of which have been acquiring overseas entities, suffer from taxation planning as part of the deals, said accountancy and consultancy firm Ernst & Young
The Indian pharmaceutical market (IPM) grew 6.8 per cent to touch a turnover of ~1.93 trillion in calendar year 2023, despite volumes going down marginally by 0.9 per cent. This indicates the price increase has been the major growth driver. Growth in the moving annual turnover (the previous 12 months' turnover) in December was 5.1 per cent and that in new product introduction 2.6 per cent, while volumes dipped 0.9 per cent, leading to an overall growth rate of 6.8 per cent, according to the data from market research firm Pharmatrac.
The government on Monday said that multinational companies (MNCs) are campaigning against domestic pharmaceuticals industry as their interests were getting impacted due to increasing global presence of Indian firms in the generic segment.
Chief executives in 35 of the top Fortune 500 companies were overpaid by about 129 times their 'ideal salaries' in 2008, according to a researcher at Purdue University. Venkat Venkatasubramanian, a professor of chemical engineering, wanted to know if CEOs in top-notch multinational companies are being fairly paid or not.
Not many are keen on diluting further promoter stake and delisting attempts do not have an impressive record in the country.
The parent companies, however, performed well on the profitability front, posting 30.93 per cent net profit growth compared to 22.6 per cent by their Indian subsidiaries.
Fair-trade regulator Competition Commission of India (CCI) on Thursday cleared the proposed merger of Credit Suisse Group AG with UBS Group AG. Both Credit Suisse Group AG (Credit Suisse) and UBS Group AG (UBS) are multinational investment banks and financial services companies founded and based in Switzerland.
The co-founders of Innoz Tech, which deals in rich mobile and web applications, have decided to take the less-trodden path.
A special bench of the Delhi Income Tax Appellate Tribunal has ruled that the income tax that an employer pays on behalf of its employee is a non-monetary benefit in kind and, therefore, exempt from tax.
The British telecom major on Tuesday moved the dispute resolution panel, seeking relief from an order sent by the I-T department in December.
India has been a tea sipping society. But the aromatic wave of coffee culture is wafting across it.
Coca-Cola has received clearance from the government to manufacture energy drinks in the country.
Reputation Institute has identified 100 companies that have successfully established strong international reputations.
WNS Global Services, India's second largest business processes outsourcing company, has signed on Sri Lankan fast bowler Lasith Malinga as its brand ambassador. It has thus become the first Indian IT services firm to have a brand ambassador. Accenture, a multinational company, is another one that has ace golf player Tiger Woods as its mascot.
Instead of a one-size-fits-all strategy, employees can be allowed to tailor their benefits package to their specific needs.
Have underperformed the market in the rally that started in November.
The Indian Pharmaceutical Alliance has approached regulator for a dialogue to understand the concern raised by it
Stretching its reservations on imports from India to multinational companies, Pakistan is understood to have informed mobile handset maker Nokia not to sell phones made in India in the Islamic nation.
Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant.
Various corporate houses and multinational companies including AT&T, Russian firm Sistema, Sterlite, Hindujas, DLF, Parsavnath, Videocon and others have entered the fray to get telecom licences.
'If you wish to expand your business in a competitive global environment, you have no option but to be ethical.'
Quick Heal, Indias leading anti-virus solution providers, on Thursday launched PC2Mobile Scan -the world's first mobile phone virus scan in Kerala.
The profit margins of multinational companies importing medicines into India have been hit with the National Pharmaceutical Pricing Authority starting strict scrutiny of price approval applications for imported products.
America's Walmart is likely to be the first overseas chain to enter the $590-billion Indian retail sector, as the the world's biggest retail giant is extending its parternship with Sunil Mittal's Bharti Enterprises.
Indian entrepreneurs increasingly looking to sell their products in US
Although MNCs may tempt you with a plump package, you may also want to consider sitting on the bench or copy pasting data unlike a start-up where you get to learn and master your skills from scratch.
