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China may be pushing India into the arms of its enemy no.1

Experts say India could finally end equivocation about openly aligning itself with the long-eager US.


11 July, 2020, 08:15 PM IST



Are MNC funds a safe bet in the current scenario?

MNC Funds or mutual fund schemes that invest mostly in multinational companies are gaining currency these days. MNCs are always bankable, especially in the current bleak economic scenario due to the pandemic.

MNC arms yet to take a call on Facebook ads

Unilever’s India subsidiary, Hindustan Unilever, hasn’t taken a call on the matter yet. HUL has c...

Govt amends I-T rules for faster resolution of multinational corporations' tax disputes under MAP

​The Central Board of Direct Taxes (CBDT) h...

  • The Government of Haryana has prepared a strategy to create windows in the existing state policies that would ensure quick setting up of manufacturing facilities in any industrial estate of the choice of investors wanting to shift base from China. Government is reaching out to these Companies to understand their individual requirements.

    Indian pharma companies have two or three legs of business -- India, US and rest of world.

    Banks, which have issued letters of credit (LC) to finance Indian importers, have been told by leading courier companies that trade documents will not be delivered following delays in customs clearance in India, two senior bankers told ET.

    The regulator sent a form to the firms seeking details of their client roster, the fees they charge, salaries of partners, money made from non-audit assignments and the qualified opinions they had made during the audit of companies in financial duress.

    Chinese companies registered sales of nearly Rs 1.4 lakh crore in the Indian electronics market last year.

    Behind the staggering number of layoffs are individual stories of loss — of income, financial security, confidence and identity. To capture some of the turmoil and anxiety, ET Magazine spoke to employees who have been recently laid off across various sectors. While some have savings and a security net, others are in a precarious situation, with dependants and loans.

    The study said that the payments by MNCs to parents are legitimate.

    Any investment from countries sharing a land border with India, including the China and Hong Kong region, will need special pre-approval, the government said last month. If a company needs emergency funding from China, the ECB is the best route since the transaction can be closed within a week, legal experts said.

    Commercial real estate catering to back-office operations for multinationals is expected to be the least affected by the current economic crisis triggered by the coronavirus pandemic. This is because the tenants are financially strong multinationals, spending only a fraction of their expenses on rent even as they gain by the weakening rupee.

    The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.

    MAP agreements are not made public, but a case that had hit the headlines was that of Nokia, where significant tax demands of above Rs. 2,000 crore were made on the Indian company.

    AstraZeneca also received $1 billion from the US government’s Biomedical Advanced Research and Development Authority (BARDA) for the development, production and delivery of the vaccine, starting in September. The development programme includes a Phase-III clinical trial with 30,000 participants and a paediatric trial. The vaccine is currently undergoing Phase-I and II trials.

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