Tata Steel, others sell assets abroad after taking massive impairments.
Though Mistry does not make it to the club of the top 10 highest paid India Inc leaders, he will be among the next 10.
The money was paid to Mallya in two tranches in his offshore accounts.
RBI, Enforcement Directorate to see if money was sent to tax haven
Mumbai and Delhi NCR, country's two largest markets, do not fare very well.
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
This amendment is proposed to be made retrospectively effective from FY16 onwards.
The change in the latest Budget will impact the sale and rent of SEZ units of companies like Adani Port, which has large SEZs in Mundra.
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits' books
Percy Mistry says things at market regulator Sebi are also in bad shape.
Congestion on Mumbai roads has become chronic.
According to property consultant JLL, the vacancy in office spaces is expected to be around 13%.
However, the IT firms will get some benefits, as software exports from their Chinese campuses will yield more in local currency
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
Bigger companies are signing equity JVs with global investors.
Indian CEOs might like to make some serious course correction.
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