RBI, Enforcement Directorate to see if money was sent to tax haven
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.
The threshold limit for deduction of tax at source has been raised for unusual income such as winnings from horse race, commission
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.
There has been nothing consolidated in the Budget for this section that may transform entrepreneurship in any meaningful way
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
There's little interest in seed funding now as investors are finding it a risky proposition.
'For how long can investors fund loss-making companies?'
Percy Mistry says things at market regulator Sebi are also in bad shape.
Congestion on Mumbai roads has become chronic.
Till December 2015, the prime minister has flown abroad 19 times, but the bills have been processed only for 2014 till now
Shopclues, the latest unicorn, was at the bottom of the sector loss pie.
The maker of the iPhone and the iPad has made a proposal to the government for a wholesale foray.
Business chambers now inviting start-ups for membership.
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
From 50 stores Vimal Textiles aims to have 150 in 3 years.
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