-
A landmark Supreme Court verdict rejecting treaty protection for a major fund's exit has sent shockwaves through India's investment ecosystem, forcing a fundamental rethink of offshore structures and tax risk
-
A landmark Supreme Court judgment in the Tiger Global tax case has fundamentally reshaped the rules for foreign investment in India by enforcing the primacy of economic substance over legal form
-
On Thursday, the top court ruled against Tiger Global in a landmark case, saying its $1.6 billion stake sale in Flipkart to Walmart in 2018 should be taxed
-
The Supreme Court’s interpretation significantly narrows treaty protection for multitiered structures. Investors may now need to rethink long-standing governance models and reevaluate multijurisdictional holding structures
-
The top court on January 15 said that capital gains arising out of the US-based investment firm’s exit from Flipkart are taxable under domestic laws
-
The revenue department will initiate action to recover taxes, a finance ministry official said Friday
-
The past presence in Mauritius will also need investors and advisors to re-examine their tax risk and make provisions, experts told Moneycontrol.
-
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.
-
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
-
The judgment weakens the protection offered by Tax Residency Certificates, tightens the use of grandfathering, and forces foreign investors to rethink exit structures and tax risk
-
Tiger Global had been locked in a legal tussle with Indian tax authorities over the 2018 stake sale, a deal that was part of U.S. retail giant Walmart's $16 billion acquisition of Flipkart.
-
The ruling will have implications for how India applies tax principles in cross-border deals.
-
Tiger Global, through its affiliate Internet Fund III Pte Ltd, sold a little over 1.93 crore equity shares at prices between Rs 620.45 and Rs 623.56 apiece.
-
The pre-IPO round also saw participation from investors like Ashish Kacholia, Nikhil Kamath, Abhijit Pai, Sumeet Kanwar, Nuvama, Capri Global and others
-
In line with its selective investment approach, Tiger Global is now more inclined towards doubling down on an existing portfolio company only if it can provide an exit in the near term
-
Total expenses during FY24 has gone up by 16.7 percent to Rs 160 crore.
-
This will be the company's last private market fundraise ahead of its IPO. Infra.Market is likely to file its draft red herring prospectus in December, Moneycontrol has learnt
-
OpenAI's meteoric popularity has ignited widespread interest in generative AI, as businesses race to capitalize on the technology to enhance their products.
-
Sacheti was recently appointed as a General Partner at Singularity Growth, and he also invests in D2C startups in a personal capacity.
-
Founded by Souvik Sengupta and Aaditya Sharda in 2016, the Tiger Global, Accel and Nexus Ventures backed startup sells construction materials, infrastructure goods, and technical equipment.
-
Digital gold micro-savings platform Jar is in talks with a couple of partners to be a distribution player for general and health insurance, CEO Nishchay AG has said
-
This is Porter's second friends and family round in a span of about a year. In the January-March quarter of 2023, the company sold shares worth Rs 7-8 crore to friends and family at a valuation of $700 million.
-
Groww, which is among the leading full-stack financial services firm in India, surpassed its rival Zerodha last year in terms of number of active investors
-
The Tiger Global-backed company has raised $65 million so far from Accel, 3one4 Capital, Naval Ravikant, Balaji Srinivasan, Kalaari Capital and several others
-
BlackBuck is backed by investors including Tiger Global, Accel, Tribe Capital, IFC, Sands Capital and Sequoia, among others.
