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.
Market bets on Aurobindo as Europe, US Sales show uptick
Aurobindo Pharma stock is performing well. Sales in Europe are improving. New products are launching in the US. The company is also developing weight loss