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The Karnataka High Court has held that the Assessing Officer has to be prima facie satisfied that there is “escapement of income”, unlike earlier law which permitted action based on mere reason to...
The 17th Global Health Care Summit, a collaborative effort by the American Association of Physicians of Indian Origin (AAPI) and Manipal Academy of Higher
Grand Inauguration Marks Day One of AAPI's Medical Symposium at Manipal Manipal: The 17th Global Health Care Summit, a collaborative effort by the
Manipal Technologies (MTL), the largest manufacturer of banking and smart cards in India, plans to bring in a financial partner into the eight-decade-old, Pai family-owned business at a valuation of around ₹4,000-4,200 crore ($500 million), multiple people aware of the initiative told ET.
Initially, this proposed transaction will give an exit to a few minority shareholders - family members who own about 20% stake in the parent company MTL. Besides the secondary stake sale, about 5-10% primary shareholding will be sold to meet expansion plans, sources aware of the initiative told ET.