Daily Headlinez Top News Updates
Lalit Modi, former Indian Premier League commissioner (TOI) With the sale of the Rajasthan Royals franchise, there is a growing sense that the long, lingering shadow of Lalit Modi over the team, and to an extent the league, may finally begin to fade. Lalit Modi, former Indian Premier League (IPL) commissioner, has remained a controversial…
RR captain Riyan Parag (left), and A pink-coloured bus being prepared for the Rajasthan Royals team ahead of the Indian Premier League at Sawai Mansingh Stadium, in Jaipur. A consortium led by US-based entrepreneur Kal Somani has won the bid to own the Rajasthan Royals franchise. Somani has led enterprises in ed-tech, data privacy, AI…
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: 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…
In a year marked by significant shifts across global retail, Walmart has entered a new chapter. The company confirmed that Chief Executive Officer Doug McMillon will retire early next year, marking the end of one of the most enduring internal leadership journeys in corporate America. John Furner, who currently serves as the CEO of Walmart…
NEW DELHI: The Enforcement Directorate (ED) is learnt to have offered the option of closing a Fema violation case against Flipkart if the Walmart group firm admits its mistake and pays a penalty, sources aware of the development said. The option was given by ED to Flipkart last week under the compounding rules of Fema…
