Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a US Senate report on the company’s offshore tax structure said on Monday.
Finance minister P Chidambaram on Monday said that competition rules in the country should not become “another bureaucracy, stifling growth”.
Chinese Premier Li Keqiang on Tuesday said that his country was open to strike a regional trade agreement with India and address the existing trade deficit between the two countries.
Government is said to be open to a reconciliation with British telecom giant Vodafone on its six-year old tax dispute. Explainer by Gaurav Choudhury.
“Mega corporation’s No.1 enemy exposed. It’s the business model called Time & Material,” large ads from iGATE Corp in the US screamed last year. N Madhavan
The rupee on Tuesday fell 30 paise to 55.41 against the US dollar, its lowest level in six months, due to sustained dollar demand from importers and weak local equities, extending losses for the third straight session.
A new cess of Rs. 40-50 could be imposed on flyers to create a Rs. 400-crore Essential Services Fund (ESF), to be used to increase connectivity to 90 small airports across India. Tushar Srivastava reports.
If the finance ministry has its way, a new pricing policy for petrol and diesel will soon be put into place that will benefit consumers by bringing down the price of the two fuels by anywhere between Rs. 1- 2 a litre each. Anupama Airy reports.
Are you planning to buy a diesel car because the fuel is cheaper than petrol? Read this report very carefully before you decide. Sumant Banerji reports.
At least a dozen start-ups are anxiously awaiting the final subscription numbers for JustDial's initial public offering (IPO) to get a sense of the market mood. HT
India will take more steps if necessary to curb gold imports, finance minister P Chidambaram said on Monday. The country’s overseas purchases of gold and silver shot up 138% in April.
In the first-of-its-kind arrangement, Essar Energy Plc, controlled by billionaire brothers Shashi and Ravi Ruia, and its refining subsidiary — Essar Oil — will on Tuesday enter into a memorandum of understanding (MoU) with China Development Bank (CDB) and PetroChina.
In an underground mall just a stone’s throw from China’s teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling hub.
Yahoo! announced Monday it would acquire blogging platform Tumblr for $1.1 billion, saying the two companies "share a vision to make the Internet the ultimate creative canvas."
Despite concerns over the payment dues from power utilities including NTPC and resistance from employees within the company, the department of disinvestment (DoD) may go firm with its plans to disinvest another 10% in state-owned Coal India Limited (CIL) in the next few months. Anupama Airy reports.