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Tax poser in the way of Hyundai local arm listing - Vimarsana News

Tax poser in the way of Hyundai local arm listing

South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.

Source: rediff.com
Anonymity gone, India Inc may now embrace Electoral Trusts: Experts - Vimarsana News

Anonymity gone, India Inc may now embrace Electoral Trusts: Experts

While there are no restrictions on companies making donations to political parties directly, corporate houses keep such donations off the balance sheet to avoid unwanted scrutiny

Not exploring legal options, says Paytm Payments Bank - Vimarsana News

Not exploring legal options, says Paytm Payments Bank

In the past, there have been instances where the regulator’s orders have been challenged. In 2018, Kotak Mahindra Bank promoter Uday Kotak challenged RBI’s imposing restrictions on promoter shareholding in the Bombay High Court

Byju's FY22 results: Core business grows, yet mounting losses and debt spark a race against time for survival - Vimarsana News

Byju's FY22 results: Core business grows, yet mounting losses and debt spark a race against time for survival

Approximately 58% of its overall revenue came from its core business of selling video lectures recorded on SD cards and tablets

Now, a Religare director in Burmans' crosshairs - Vimarsana News

Now, a Religare director in Burmans' crosshairs

The Burman family has accused Hamid Ahmed of violating sections of the market regulator’s takeover code by speaking publicly against the company's open offer