Walmart gets $1 billion tax bill for shifting PhonePe headquarters to India: Report

New Delhi, 4/1: Walmart Inc and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, Bloomberg News reported on Wednesday, citing people familiar with the matter. PhonePe is raising funds at a $12 billion pre-money valuation from General Atlantic, Qatar Investment Authority…

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NCLAT directs Google to deposit 10% of Rs 1,337 crore CCI fine, admits appeal for hearing

New Delhi, 4/12: The National Company Law Appellate Tribunal on Wednesday directed Google to pay 10 per cent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI.     A two-member bench admitted the petition filed by Google against the Competition Commission of India (CCI) penalty.   It, however,…

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Delhi hit-and-run case: Car occupants knew victim was stuck beneath, alleges friend and eyewitness

New Delhi 4/1: Twenty-year-old Anjali was with her friend Nidhi on the scooty while both were returning home before the two-wheeler collided head-on with a Maruti Baleno car in the early hours of January 1. Due to the impact, Nidhi was tossed off the pillion seat while Anjali got stuck beneath the car that dragged…

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