Foreign companies News

Swami Ramdev claimed in a press conference that Patanjali Yogpeeth has left behind all companies except Hindustan Unilever. Along with this, he said that by the year 2025, we will also leave Hindustan Unilever behind. Watch Swami Ramdev's press conference.

The income tax department is open to lowering the withholding tax rate for foreign companies which have income in India, a senior official said on Wednesday.  

Trademark applications in the country filed by foreign companies have doubled to 15,670 in 2015-16, reflecting renewed interest in Indian market.

Reserve Bank of India (RBI) issued draft guidelines on how Indian subsidiaries of multinational companies can hedge their currency exposure risk in the country.

A Chinese auto firm said Friday it is buying two foreign companies and their self-driving technologies for more than $1 billion, as the world`s second-largest economy seeks to boost its foothold in the autonomous car market.

Markets regulator Sebi has allowed Alternative Investment Funds and Venture Capital Funds to invest up to 25 percent of their investible funds in foreign companies having 'Indian connection'.

Promising a simple and globally competitive tax regime, Finance Minister Arun Jaitley on Monday said the government is confident of the new GST regime to roll out from the next fiscal and expressed confidence about an early resolution of pending disputes on direct taxes front.  

"Sony, Foxconn and many more. Budget booster in indirect taxes silently working for domestic manufacturing. Make in India taking shape," Revenue Secretary Shaktikanta Das said in a tweet.

The Saudi stock market will open on June 15 to direct trading by foreign companies for the first time, in a move likely to attract billions of dollars, regulators said Thursday.

CII Director General Chandrajit Banerjee said the process of clearances in India has been streamlined and predictability has been brought about in taxes, setting the positive tone for foreign investments.

Foreign companies selling goods worth over Rs 300 crore to government or PSUs would have to source part of their supplies from domestic manufacturers, according to the new draft National Offset Policy (NOP).

As many as 3,254 foreign companies were operating in India till June this year and the National Capital and Maharashtra had maximum number of such firms, Parliament was informed on Friday .