Tiger Global’s $1.6-billion stake sale in Flipkart at the time of the Walmart-Flipkart acquisition deal in 2018 is subject to tax, the Supreme Court of India said on Thursday in what is seen as a landmark ruling on use of international tax treaties by companies. Walmart acquired Flipkart for $37 billion in 2018 in what […]
Amazon.com Inc. says its e-commerce exports from India has surpassed $20 billion, including nearly $7 billion this year, despite the punitive US tariffs on the world’s fourth largest economy. Amazon’s exporter base in India has grown by a third in year to about 2 lakh sellers, spanning 28 states and seven union territories. (AFP) “We […]
