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In a judgement that could impact several foreign companies investing in India through subsidiaries or investment arms registered in other countries, the Madras High Court has ruled that tax benefits can be withdrawn if the investment is merely done to circumvent domestic tax laws.
Texas grid operator made $16 billion price error during winter storm, watchdog saysERCOT kept market prices for power too high for more than a day after widespread outages ended late on Feb. 17, Potomac Economics, the independent market monitor for the Public Utility Commission of Texas, which oversees ERCO… Read MoreIndia-China border tensions reflect growing Chinese aggression and assertion, says Colin KahlThe past decade has seen promising trends in the US-India defence trade and technology relationship, he said, adding if confirmed, he will work to sustain these trends, including through a focus on major procurements and high… Read MoreCentre promises to tighten new digital media rules after Supreme Court says they lack teethThe court shielded Amazon Prime Video India head Aparna Purohit from arrest in connection with a Noida case over the alleged anti-Hindu content of Tandav, a series shown on the streaming service. She was granted the protectio… Read MoreNASA shows Perseverance's first drive on Mars
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… Read MoreMexico experts recommend approving Bharat Biotech's coronavirus vaccine, CovaxinThe interim results from the vaccine manufacturer's late stage trials shows its COVID-19 vaccine to be about 81% effective in preventing illness from the coronavirus.
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