Business

Raghuram Rajan Says MNCs Too Are Responsible for Tax Rows

Mumbai: Blaming multinational corporations squarely for tax controversies, Reserve Bank of India Governor Raghuram Rajan on Thursday said their indulgence in avoidance and evasion results in prolonged legal battles. Addressing the issue of tax havens, Rajan wondered aloud as to what makes a bulk of intellectual property reside in Cayman Islands, quipping that no one has seen scientists in so ... Read More »

Tata Steel Edges Higher Despite Big Q3 Loss

Tata Steel took a one-time charge of Rs 711 crore on its European operations Tata Steel shares recovered, after falling 4 per cent on Friday, on hopes that the government would take steps to curb cheap imports in a bid to protect domestic steel manufacturers. Mumbai-headquartered Tata Steel had posted a net loss of Rs 2,127 crore in the December ... Read More »