The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table. It took 30 trips to Russia over two years for veteran investment banker Rajeev Gupta to bring in the single largest foreign direct investment (FDI) of $12.9 billion when he helped Ruias sell their 98 per cent interest in Essar Oil to Russian oil major Rosneft late last year. The deal included the ... Rediff.com, 5 days ago
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Feb 21 (Reuters) - The following bids, mergers, acquisitionsand disposals were reported by 1100 GMT on Tuesday: ** Kraft Heinz Co's rapid retreat from its surprise$143 billion bid for Unilever in the face ofstiff resistance knocked the Anglo-Dutch company's ...Sify, 3 days ago
Indirect transfer provisions were introduced in 2012 to handle the taxation of transactions wherein share transfers happened abroad, although the underlying assets were Indian. It appears the coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers. Sources aver the so-called category-I and -II FPIs would be kept out of the provisions. The latter could be made applicable only in those cases where the transfers have amounted to a ...Rediff.com, 4 weeks ago
Only 300 assessees came forward with disputed tax liabilities amounting to Rs 10,000 crore, Shrimi Choudhary reports from Mumbai. The government’s efforts to reduce pending litigation under the Direct Tax Dispute Resolution Scheme have received a lacklustre response. Only around 300 assessees have come forward, with disputed tax liabilities amounting to Rs 10,000 crore (Rs 100 billion). If this scheme, open from June 1 to December 31, fails to attract enough companies to participate, it ...Rediff.com, 2 months ago
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