WEB EXTRAS
COURTS/LEGAL ISSUES
Attribution of profits to PE vs. arm's length payment
In a recent decision, the Mumbai Tribunal held that the income of a foreign company in India may be taxed even where the foreign company pays an arm's length remuneration to its dependent agent in India.
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ENTERTAINMENT & LEISURE
7Seas Tech launching online gaming portal
7Seas Technologies Ltd is launching an online gaming portal with over 100 games with Indianised themes. The portal, onlinerealgames.com, would be formally launched on May 13 with free registration facility. "From concept to design and ...
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RETAILING
MRPL back in black, Q4 net at Rs 182 cr
Mangalore Refinery and Petrochemical Ltd (MRPL) reported a net profit of Rs 181.88 crore for the quarter ending March 31, as against a loss of Rs 29.50 crore for the same quarter last year. Net sales for the quarter increased by 6.35 per cent to ...
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OUTLOOK
`Low' forms but drives heat into TN, AP coasts
Some respite likely if it becomes a depression
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