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Pavan Burugula

Assistant Editor, Moneycontrol

Tiger Global verdict bolsters India's indirect transfer provisions framed after retrospective tax disputes 

BUSINESS

Tiger Global verdict bolsters India's indirect transfer provisions framed after retrospective tax disputes 

The verdict could result in billions of dollars in tax demands, affecting not only foreign portfolio investors and private equity funds but also large overseas companies with investments in India.

Tiger Global ruling may affect more than 500 foreign funds in India’s F&O market

BUSINESS

Tiger Global ruling may affect more than 500 foreign funds in India’s F&O market

Many FPIs set up shop in Mauritius or Singapore to avail zero tax on derivative market gains and these structures need to be revisited post apex court verdict

CCI summons steel pipe companies in connection to cartelisation, bid-rigging probe

BUSINESS

CCI summons steel pipe companies in connection to cartelisation, bid-rigging probe

Commencing on January 12, the hearings follow the CCI’s September 2025 raids on the offices of leading steel pipe producers.

Fast-track demergers for corporate restructuring face tax roadblocks

BUSINESS

Fast-track demergers for corporate restructuring face tax roadblocks

Currently, fast-track demergers are not covered under exempt transactions under tax rules, leading to a tax incidence in the range of 12.5% to 36%.

Large taxpayers may soon have fully automated tax compliance systems

BUSINESS

Large taxpayers may soon have fully automated tax compliance systems

The central government has begun granting API access to tax portals, paving the way for AI-led automation tools for filings and compliance.

Indian liquor industry faces glass recycling deficit

BUSINESS

Indian liquor industry faces glass recycling deficit

Only 40-50% of container glass produced in India is recycled, leading to higher costs and increased carbon footprint for liquor companies.

Iskcon vs Iskcon: What the SC battle means for group's Bengaluru temple and other trusts with similar structures?

BUSINESS

Iskcon vs Iskcon: What the SC battle means for group's Bengaluru temple and other trusts with similar structures?

The Iskcon temple facing the property dispute is located in Rajajinagar in Bengaluru. The value of the land could run into hundreds of crores, say real estate experts

Tax scrutiny hits startup founders over undisclosed foreign ESOPs

BUSINESS

Tax scrutiny hits startup founders over undisclosed foreign ESOPs

ESOPs allotted to founders and executives of companies with externalised structures are in the radar of the tax department

Luxury hotels step outside the room with curated lifestyle products

BUSINESS

Luxury hotels step outside the room with curated lifestyle products

Indian luxury hotels are increasingly offering brand extension products with an eye on deeper engagement with loyal customers.

India’s listed REITs have a stellar 2025 with unit prices rising up to 16-28%

BUSINESS

India’s listed REITs have a stellar 2025 with unit prices rising up to 16-28%

Four listed REITs have seen significant appreciation in price terms, while average yields have fallen by about 35 basis points

GIFT City regulator seeks simpler tax rules for overseas investments ahead of Budget 2026

BUSINESS

GIFT City regulator seeks simpler tax rules for overseas investments ahead of Budget 2026

The IFSC regulator believes a clear outbound investment tax regime is critical for GIFT City to attract a larger pool of global funds.

One-time settlement plan announced for NSEL victims: Is the offer good enough?

BUSINESS

One-time settlement plan announced for NSEL victims: Is the offer good enough?

63 Moons through NCLT proposed a one-time settlement scheme wherein the promoter would pay out the rest of 5,682 traders a total amount of Rs 1,950 crore

The Rs 1.6 lakh crore trader: How a Gurgaon-based high-frequency firm quietly dominated India’s intraday market in 2025

BUSINESS

The Rs 1.6 lakh crore trader: How a Gurgaon-based high-frequency firm quietly dominated India’s intraday market in 2025

Netweb Technologies emerged as the most traded stock for the firm, with at least 24 intraday purchases during the year. Aegis Logistics, CreditAccess Grameen and Jupiter Wagons were among other counters where it traded frequently, the data showed

Proposed tweaks to India–France tax treaty may further reduce attractiveness of P-notes issued from that country

BUSINESS

Proposed tweaks to India–France tax treaty may further reduce attractiveness of P-notes issued from that country

The role of P-notes in India’s equity markets has diminished over time due to structural changes. The share of participatory notes in India has fallen sharply from over 50 percent of total FPI assets in 2007 to around 1–2 percent in 2024–25 on the back of stricter regulations to curb misuse.

Indian companies seek re-introduction of tax incentives for setting up new manufacturing units in FY27 Budget

BUSINESS

Indian companies seek re-introduction of tax incentives for setting up new manufacturing units in FY27 Budget

The provision, which allowed 15% tax rate for new manufacturing plants, was discontinued by the government in FY25 Budget.

Did IndiGo underplay the impact of FDTL norms in its investor communication?

BUSINESS

Did IndiGo underplay the impact of FDTL norms in its investor communication?

IndiGo CFO Gaurav Negi, in a earning call on November 4, referred to the revised FDTL regime as a “scaled-down version” of the original proposal and guided only for a “slight uptick” in costs, while CEO Pieter Elbers told analysts that the airline had scaled up its fleet and operational plans to meet peak year-end demand.

Russian firms queue for Indian market trading licence

BUSINESS

Russian firms queue for Indian market trading licence

Following President Putin’s visit to India, Sberbank on Thursday launched an India-first mutual fund allowing Russian retail investors to access local markets

Global funds cautious as CCI raps Goldman and Carlyle

BUSINESS

Global funds cautious as CCI raps Goldman and Carlyle

Under the new competition rules, any investment, even less than 10%, that comes with access to commercially sensitive information may need notification to CCI.

Paying tax fine under CBDT 'Nudge' scheme won't erase PMLA, FEMA violations, say legal experts

BUSINESS

Paying tax fine under CBDT 'Nudge' scheme won't erase PMLA, FEMA violations, say legal experts

CBDT announced commencement of second phase of Nudge initiative targeting taxpayers who have undisclosed foreign assets.

India's retrospective antitrust fines put MAAG giants on edge

BUSINESS

India's retrospective antitrust fines put MAAG giants on edge

The penalties under new formula could be 5-10 times higher than penalties under old formula; Competition Act provides CCI discretion to decide: Experts

Buying Dubai property on loan? Beware of FEMA violations

BUSINESS

Buying Dubai property on loan? Beware of FEMA violations

Many real estate firms have started to offer financing options for foreign properties, which is not permitted under FEMA rules, say experts

Indian companies to experience escalation in compliance costs under the new labour codes

BUSINESS

Indian companies to experience escalation in compliance costs under the new labour codes

Apart from higher contribution towards employee PF, companies also have to spend more on employee health and safety measures, say experts.

Shifting equations inside Tata Trusts put spotlight on Tata Sons’ future

BUSINESS

Shifting equations inside Tata Trusts put spotlight on Tata Sons’ future

Tata Sons listing may fundamentally alter the balance of power that has long shaped the governance of Tata Group, say analysts.

Explained: Who is Sameer Gehlaut and what is the Sammaan Capital case about?

BUSINESS

Explained: Who is Sameer Gehlaut and what is the Sammaan Capital case about?

Since the remarks made by the Supreme Court on Wednesday, shares of Sammaan Capital have fallen 15%.

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