Foreign investors are bolstering offshore arms with tangible operations to demonstrate substance, following a Supreme Court ruling that denied tax benefits to entities lacking it. Measures include appointing local directors and hiring office space to prove these entities are not merely paper companies designed to evade Indian taxes.
US stocks today: US market ends higher, S&P 500, Nasdaq notch biggest monthly gains in years
U.S. stocks surged on Thursday, with the S&P 500 and Nasdaq achieving their largest monthly gains in years. Strong corporate earnings, particularly from tech giants