Hindustan Unilever has received a tax demand of Rs 962.75 crore from the Income Tax Department over non-deduction of TDS for acquiring intellectual property rights from GlaxoSmithKline. The company intends to appeal the order and claims it has a right…
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While individual tax dues of the entities under the scanner may not be very large, the tax liability of the industry, excluding penalty and interest, could add up to more than ₹1,000 crore, according to the people cited earlier. Experts,…
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Zee Entertainment Enterprises and Sony’s India units have settled all disputes related to their failed merger. Both companies have withdrawn their claims from the Singapore International Arbitration Centre and other legal proceedings. This resolution allows them to pursue growth opportunities…
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Separately, a set of amendments to the Insolvency and Bankruptcy Code (IBC) is being considered to fix any shortcomings in the law. “These reforms are aimed at expeditious loan recoveries, giving more legal backing to recovery tribunals, and addressing delay…
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While the UPS is not a complete return to the Old Pension Scheme (OPS), which was a fully defined benefit plan, it is expected to strain the exchequer.
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Introducing the WhiteOak Capital Arbitrage Fund: A New Investment Avenue WhiteOak Capital is launching a new fund offering, the WhiteOak Capital Arbitrage Fund, which opens on August 28, 2024, and closes on September 3, 2024. This fund provides an opportunity…
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