Australian court sets Jan 20 to issue reasons for dismissal of Djokovic case
In a major relief to Indian information technology (IT) companies operating in Australia, Canberra has agreed to amend its domestic laws to stop taxing offshore income of such Indian companies, as part of the free trade deal inked. This may lead to savings up to $200 million each year for over 100 Indian IT companies operating in Australia. "The Government of Australia has agreed to amend the domestic taxation law to stop the taxation of offshore income of Indian firms providing technical services to Australia. "This will resolve the issue that the Indian government has raised about the double taxation avoidance agreement (DTAA) between the two governments for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income," said a commerce ministry official.
Sachin Tendulkar has decided to settle his lawsuit against bat-maker Spartan in the Federal Court of Australia after the company apologised for "breach of contract". In 2016, Tendulkar entered into a worldwide exclusive sponsorship agreement with Spartan to promote its sporting goods and sportswear.
Bank had no obligations to Perdaman, the judge said.
India's largest drug maker Ranbaxy Laboratories, which is fighting a patent battle with the world's largest drug maker Pfizer on the cholesterol lowering drug Lipitor in about 18 countries, got a mixed verdict from the Full Court of Federal Court of Australia.
Sports Minister Sarbananda Sonowal welcomed the Court of Arbitration for Sport's decision that allowed Indian sprinter Dutee Chand to resume her career, which was brought to a halt owing to IAAF Regulation on Hyperandrogenism.
Adani's plan to build one of the world's biggest coal mines in Australia has been hampered time and again
Some landowners had alleged that Adani was 'misleading' the public.