Daily Headlinez Top News Updates
MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months. The first Indian business from Walmart’s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds…
NEW DELHI: Armed with the SC order, the income tax department will revive Tiger Global’s assessment for 2018-19 and deal with its refund claim of Rs 968 crore, even as investors review their transactions with some in the pipeline expected to be delayed.On Thursday, SC had upheld the I-T department’s claim related to Tiger Global’s…
NEW DELHI: In a setback to private equity player Tiger Global, the Supreme Court Thursday ruled that its $1.6-billion stake sale in Flipkart to Walmart is subject to taxes in India, setting a precedent for investors that use tax treaties.Setting aside a Delhi high court order, a bench of Justices J B Pardiwala and R…
