Despite a moderation in its Unified Payments Interface (UPI) market share, Paytm continues to hold a dominant position in the merchant payments business, with 85 per cent of its Gross Merchandise Value (GMV) coming from merchants. The company expects GMV…
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The Insolvency and Bankruptcy Board of India (IBBI) mandates Insolvency Professionals to disclose carry forward of losses under the Income Tax Act, 1961 in the Information Memorandum. This aims to facilitate informed decision-making and improve the valuation of distressed companies…
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Xiaomi Technology India’s ₹4,704.21 crore remains held up as authorities have attached its bank accounts amid ongoing investigations. The company is open to settlement negotiations and faces multiple probes related to tax and customs compliance. Despite legal challenges, Xiaomi had…
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The ITAT emphasized that merely having a name on a property title does not necessarily confer ownership if there is clear evidence to the contrary. Thus, on sale of the property, where the proceeds flow solely to the beneficial owner,…
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Growth in India’s IT sector is projected to remain modest due to macro-economic challenges and technology transitions. Analysts at Morgan Stanley and Jeffries have downgraded their outlook on the sector, citing lower revenue growth forecasts and potential devaluation risks despite…
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The global logistics giant plans to develop 6 million sq ft of warehousing space in five major cities, eyeing India’s booming logistics and data centre markets.
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