The language of the recently amended India-Mauritius tax treaty left much to be desired, according to tax experts, Dinesh Kanabar and Pranav Sayta. There is a need for immediate clarification as all foreign portfolio investments will be significantly impacted as a result of this "unintended" amendment.
Tata Sons, the promoter entity for the salt-to-software conglomerate, is changing its policy and looking towards monetisation of assets.
The group has never looked at monetisation as a strategy; it will now look at monetisation of assets, a senior Tata Group executive told NDTV Profit on the condition of anonymity.
Paytm Payments Bank Ltd.'s board member Manju Agarwal has resigned, according to people with knowledge of the matter.
Agarwal, who served on the board as an independent director, resigned with effect Feb. 1, 2024,.
Since the Reserve Bank of India imposed stringent restrictions on Paytm Payments Bank, Agarwal didn't see any real future for the bank, the people said on condition of anonymity.
Greenply Industries Ltd.'s Q3 FY24 operational performance was in-line with our expectations. The company achieved highest ever sales during the quarter to Rs 6,208 million (+45% YoY). Ebitda increased by 11% QoQ to Rs 568 million. Ebitda margins expanded by 71 basis point QoQ to 9.1% despite higher raw material prices and advertisement expenses.
Paytm's founder and chief executive Vijay Shekhar Sharma met Finance Minister Nirmala Sitharaman on Tuesday, according to people in the know.
Sharma sough support from the Ministry of Finance with regards to the recent clampdown on Paytm Payments Bank by the Reserve Bank of India and its impact on the fintech industry, the people said.