According to Indian tax laws, an acquisition or sale made by an overseas subsidiary of an Indian company is not liable for taxation in India.

The United States has a moral and national interest in helping poor and struggling countries transform themselves into free and hopeful societies, Bush said.

India is making a renewed bid to challenge China's superior record in attracting foreign direct investment, with the government promising a more liberal regime.

A new brickworks has been put into operation in the Mashkhan village of the Azerbaijani Astara region. The plant has been built with a credit of AZN 200,000 allotted by the National Fund for Support to Development of Entrepreneurship. Equipment

Tokyo, Japan, May 29, 2007 - (JCN Newswire) - DENSO Corporation announced today that it will consolidate its three wholly owned subsidiaries-DENSO Well Corporation, DENSO Kyuyo Service Corporation, and DENSO Square Corporation-into one company, DENSO Well Corporation, in July. All

Tokyo, Japan, May 29, 2007 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) and Doosan Heavy Industries & Construction Co., Ltd. (Doosan), the largest company in Korea's heavy industry sector, have signed an agreement under which MHI will license

Tokyo, Japan, May 30, 2007 - (JCN Newswire) - At a press conference held in Seoul this morning, ASIANA AIRLINES and ANA (All Nippon Airways) announced a cross-shareholding agreement as part of their strategic alliance to strengthen bilateral ties across

Tokyo, Japan, May 30, 2007 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has received massive orders for its wind turbine power generation systems in succession from five major U.S. wind power generation developers. The wind turbines ordered total

Tokyo, Japan, May 30, 2007 - (JCN Newswire) - Fujitsu Limited today announced that it has updated its line-up of hard disk drives (HDDs) for enterprise applications[1]. The new product line includes 2.5" drives running at 15,000 rpm which support

Tokyo, Japan, May 30, 2007 - (JCN Newswire) - Victor Company of Japan, Ltd. (JVC) announced the following proposed changes in top management personnel at the board of directors' meeting. These proposed changes are subject to the approval at the

Tokyo, Japan, May 30, 2007 - (JCN Newswire) - Victor Company of Japan, Limited (JVC) today announced its business forecast for the fiscal year ending March 2008 as follows: 1. Consolidated Business Forecast for FY 2008 (April 1, 2007-March 31,

Tokyo, Japan, May 30, 2007 - (JCN Newswire) - NEC Corporation (NEC) has received orders for its Mobile Internet Platform ("NEMIP") from Hutchison Telecommunications (Hong Kong) Limited (HTHK), which will commence i-mode(TM) services in Hong Kong on May 30, 2007.

Tata Consultancy Services said on Wednesday it has set up a global delivery centre in Mexico as part of its plan to expand operations in Latin America and will hire 500 people for the purpose this year.

Abiding by the government's charter to companies for producing energy-efficient appliances, Philips Electronics India has unveiled its plan to sell 20 million energy saving compact fluorescent lamps (CFLs) by this year-end.

DLF Ltd, which aims to raise up to Rs 9,625 crore (Rs 96.25 billion) through the country's largest IPO, plans to invest Rs 3,500 crore (Rs 35 billion) of the proceeds for acquisition of land and development rights in 60

Carrier International Mauritius Ltd and Global Investment Ltd are looking to buy over 45 lakh shares in domestic IT services firm Infotech Enterprises, for nearly Rs 162 crore (Rs1.62 billion).

Max New York Life on Wednesday announced the launch of a unit-linked endowment plan, Life Maker Premium.

China's benchmark stock index plunged 6.5 per cent after Beijing took its most decisive step yet in its efforts to deflate the soar-away mainland stock market by tripling the stamp duty tax on share transactions.

Investors in West Asia can now trade in Indian currency with Dubai Gold and Commodity Exchange announcing on Wednesday the launch of world's first Rupee Currency Contract.

Amid speculation that cardiologist Naresh Trehan may join Apollo Hospitals, Fortis Healthcare on Wednesday said the surgeon has quit its Escorts Heart Institute and Research Centre.