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Jane Street may take Singapore route to sort out India tax rowWith the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working on initi...
INOXGFL leads race for Vena's India biz buyout; Proposed deal may give Rs 4,500-5,000 crore enterprise valueINOXGFL Group is poised to acquire Vena Energy's Indian renewable energy business. The deal is valued between ₹4,500-5,000 crore. This move...
Future Coupons to pay Rs 11 crore in Amazon settlementAmazon and Future Coupons Pvt Ltd have settled their long-running dispute and agreed to withdraw all legal proceedings across forums follow...
ITAT rejects Binny Bansal's 'non-resident' status claimThe Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) has rejected Flipkart co-founder Binny Bansal's claim of non-resident statu...
NRI woman earns Rs 1.35 crore from mutual funds, pays zero tax in India, gets income tax notice: How India-Singapore DTAA saved herA Singapore-based NRI woman earned Rs 1.35 crore from selling Indian mutual funds. She claimed tax exemption under the India-Singapore DTAA...
ZEE shareholders reject reappointment of Alicia Yi as independent directorAlicia Yi, the Independent Director for Zee Entertainment Enterprises, has failed to be reappointed to Zee Entertainment's board for a seco...
Amazon warns Future Retail against holding meeting to approve deal with RelianceIn a letter to Kishore Biyani and family on late Tuesday night, the US e-commerce giant has warned and said such meetings are illegal and w...
BCCI-WSG tussle: HC sets aside arbitral award in IPL media rights caseThe company had initiated the arbitration, seeking the profit it would have made if the Board of Control for Cricket in India (BCCI) had no...
Future Retail, group stocks rally up to 20% on latest twist in Amazon dealFuture Retail’s scrip jumped to a high of Rs 57.50 as against the previous close of Rs 47.95 on the National Stock Exchange. The developmen...
The stakes are high between Jeff Bezos and Mukesh Ambani in their fight over a near-bankrupt companyThe 2025 dollar bonds of Future Retail rose a little Monday, though they still trade at 61 cents to the dollar. Based on what an arbitratio...
Future-Reliance deal: Delhi HC rejects FRL plea for stay against arbitration order, seeks Amazon's responseKishore Biyani and 15 others including FRL and FCPL have been embroiled in a series of litigations with Amazon, an investor in FCPL, over t...
NCLT reserves order on Reliance Retail's plea to seek shareholders nod on Future Retail dealThe division bench of NCLT, preceded by a judicial member Suchitra Kanuparthi and a judicial member Rajesh Sharma, asked if the lenders to ...
HSBC files winding up plea against IL&FS firm in Singapore courtIn the first such case against a group entity of crisis-hit Infrastructure Leasing and Financial Services Ltd (IL&FS) Group, the Hongkong a...
SC refuses interim order on sale of Fortis shares to Malaysian firm; final hearing on Feb 26A bench comprising Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna said that it would accord final hearing in the case on Feb 26.
Fortis board accepts resignations of Singh brothersThe board of directors of the company accepted the resignations of Malvinder, Executive Chairman and Shivinder, Non-Executive Vice Chairman...
Malvinder Singh and Shivinder Singh resign from Fortis Healthcare boardDecision to distance from the board was aimed at insulating the co. from the promoters’ ongoing legal fight that was hurting the performanc...
Row within Usha Martin founding family intensifiesBasant Jhawar, 82, and his son Prashant Jhawar have filed complaints at the National Company Law Tribunal and the Calcutta High court in pu...
Hold Daiichi for contempt of court responsible for leak: RH HoldingsThe company’s statement came in the wake of a news report that said Ranbaxy’s promoters duped Japanese drugmaker Diiachi Sankyo by withhold...
Fresenius Kabi gets 2 months extension for delisting offerFresenius Kabi Oncology today said Securities Appellate Tribunal (SAT) has granted it an extension of two months to complete its delisting ...
- 'Company non-resident if control is not in India'
A company would be considered non-resident if the control and management is not in India. The location of board of directors should determi...