GireeshChandraPrasad
Stories by GireeshChandraPrasad
India: CCI warns e-commerce platforms of investigation into ‘unfair’ practices
CCI can also initiate cases on its own against instances of unfair practice or abuse of dominance.
India’s competition watchdog CCI asks e-tailers to be fair on data usage
The regulator says behavioural change was needed in lack of platform neutrality.
India: Govt ups limit for raising funds without diluting voting rights
Promotors can retain control even as they raise capital from global investors.
Jet Airways employees, UK’s Adi to jointly bid for bankrupt airline
Adi Partners plans to acquire 49% of Jet Airways, while the employees’ consortium will hold 26%.
Jet Airways confident of securing new investors, says CEO Dube
State-run lenders led by SBI is carrying out the bidding process for new investors and has shortlisted four suitors who will now submit binding bids.
Jet Airways seeks emergency funding to stave off shutdown
The interim funding is supposed to help Jet Airways keep at least some of its planes flying till the lenders find a buyer.
Indian lender asks Jet Airways chairman Naresh Goyal to step down
State Bank of India (SBI), the largest lender to cash-strapped Jet Airways, said it was in the interest of lenders to revive the distressed carrier.
Etihad offers to sell its entire stake in Indian carrier Jet Airways to lender
Etihad is learnt to have asked SBI to buy its 24% stake in Jet for about Rs 400 crore. It had bought the stake in 2013 for $379 million, or about Rs 2
Indian startups get a breather from angel tax
Consideration for share sale, including premium up to ₹25 crore, will be exempted from the provisions of Section 56 (2) (viib) of the Income Tax Act
India likely to offer angel tax relief to startups, but may not be enough
The Central Board of Direct Taxes (CBDT) is expected to extend angel tax exemption to companies with paid-up capital and share premium of up to ₹25
