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OECD finalizes pact on global minimum tax
January 06, 2026
|Mint Mumbai
Deal would bar other countries from imposing extra taxes on foreign units of US multinationals
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The US and more than 100 other countries finalized an agreement that would exempt American companies from some foreign taxes, the culmination of a months-long effort to create a carve-out from a corporate global minimum levy.
The deal excludes US-based multinational corporations from the 15% global minimum tax negotiated through the Organisation for Economic Cooperation & Development, or OECD. US President Donald Trump last year pulled the US out of a framework to implement that levy negotiated during former President Joe Biden’s administration.
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Mint Mumbai
HCLTech reports $146 mn in advanced AI revenue, up 46%
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2 mins
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Battery storage set to get local flavour
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3 mins
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USK buys into US snack brand Go Raw
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1 mins
January 14, 2026
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Road ministry outlay to stay flat, in push for pvt capital
The Centre may keep the road ministry's allocation in the Union Budget 2026-27 nearly unchanged from the previous year's ₹2.72 trillion, aiming to shift focus towards attracting private investment, even as highway construction slows, according to two officials close to the discussions.
4 mins
January 14, 2026
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FPIs switch gears: Cyclicals gain, defensives lose in 2025
FPIs pulled 1.67 trillion from Indian equities in 2025, despite sharp sector-level divergence
4 mins
January 14, 2026
Mint Mumbai
Consent at a tap becomes a challenge for digital lending
Lenders want continuous access to and use of certain borrower data for duration of live loans
3 mins
January 14, 2026
Mint Mumbai
Electronics to beat IT pace in 5 years
Driven by aggressive policy support and a global realignment of supply chains, India's electronics manufacturing industry is set to grow nearly three times faster than the country's flagship information technology (IT) services sector and draw level with it in terms of revenues over the next five years, a top government official said.
2 mins
January 14, 2026
Mint Mumbai
Why FIIs are back in consumer durables
Foreign institutional investors (FIIs) reversed the four-month selling streak in December, turning net buyers of Indian consumer durable stocks with purchases worth $438 million.
2 mins
January 14, 2026
Mint Mumbai
TCS, HCL signal no broad revival
The December quarter (Q3FY26) results of large-cap information technology (IT) companies Tata Consultancy Services Ltd (TCS) and HCL Technologies Ltd played out largely as expected, with HCL leading on revenue growth.
2 mins
January 14, 2026
Mint Mumbai
He's their daddy. Meme-stock traders rush to Powell's defense.
When Jerome Powell went public with his defense of the Federal Reserve's independence, the central bank’s chair found an unlikely army standing behind him: the meme-stock crowd.
3 mins
January 14, 2026
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