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Tag: windfall
Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1
(Reuters) -The Indian government has hiked windfall tax on petroleum crude to 4,250 Indian rupees ($51.68) per tonne from 1,600 Indian rupees with effect from Aug. 1. A windfall tax on diesel has been increased to 1 rupee per litre from nil earlier, according to a government notification on Monday. The windfall… Continue reading Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1
Exit from Flipkart brings windfall for Tiger Global, Binny Bansal & Accel
Walmart, the world’s largest retailer, has paid $1.4 billion to buy out US-based Tiger Global’s investment in e-commerce firm Flipkart, according to sources. The transaction puts Flipkart’s valuation at $35 billion, against nearly $38 billion in 2021 when it raised funds from Japan’s SoftBank, Walmart, and other investors. Tiger Global, Flipkart co-founder Binny… Continue reading Exit from Flipkart brings windfall for Tiger Global, Binny Bansal & Accel