Walmart-Flipkart Deal Part 2

In our earlier article, we saw that Walmart and Amazon were vying for control of Flipkart and we also discussed the applicable FDI norms. (Please click here for our earlier article: https://csushaganapathy.wordpress.com/2018/05/03/walmart-flipkart-and-fdi-in-india/ ). In the current article, we will see how things how unfolded since then: It is now confirmed that Walmart will be the …

Walmart, Flipkart and FDI in India

Walmart vs. Amazon in the US: Walmart is a US retail giant with operations across 11,700 stores in 28 countries, but its fortunes have been threatened ever since the arrival of Amazon, the US-based online marketplace giant. India would be a great market for Walmart as majority of Indians still like to go to the …

Provisions behind tax demand on CTS

We know that the IT department has raised a tax demand of Rs. 2,800 crores from Cognizant Technology Solutions India Private Limited (CTS India) and that its bank accounts have been attached. Also, now the Madras HC has passed an interim direction asking the Department to unfreeze the JP Morgan bank account of the Company …

A peek into current IBC cases (March 2018)

In the Ease of Doing Business Index, ease of insolvency resolution process is one of the main elements and it is rightly so. Corporate insolvency resolution must be a robust process that ensures that the assets and the business of the corporate debtor are salvaged to the maximum extent possible even as cutting the losses …

PNB Fraud – Some Updates

We have covered about the technicalities of the PNB fraud in our previous article here. Now we shall see what is going on now in this respect: What PNB and other banks are doing about it? What was a Rs. 11,400 crore scam had become a Rs. 12,600 crore fraud, as PNB reported additional unauthorised …