WEB EXTRAS
INSIGHT
Hope versus greed
When one gambles/bets in a casino, there is a saying that goes, "the odds are always on the house." Simply, that means that your chances of winning against the house, that is, the casino, extends from miniscule to nothing. When you buy a lottery ...
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ECONOMY
Forex reserves have very high opportunity cost
India's foreign exchange (forex) reserves have crossed $200 billion, from a near-zero position less than two decades ago. Though our current reserves are just about a sixth of what China holds, there are some important questions the lay may like ...
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ENGINEERING
BHEL getting more orders from oil sector
For rigs, power project equipment
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CARS
General Motors chief Wagoner coming today
Hopes to reinforce commitments, review operations here
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OUTLOOK
Controlled Foreign Corporations — Is India ready for this tax regime?
The CFC regime extends the domestic law rules to tax the profits, whether distributed or not, on foreign income be paid by resident taxpayers. Normally, the CFC rules apply only to foreign companies controlled by residents, but certain countries exte nd it to foreign permanent establishments and trusts.
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Mantri Developers to launch second high-end project
`There would be greater focus on Hyderabad and Chennai'
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