IMM is thus using Mauritius’ status as a tax haven to invest in dozens of restaurants in India – including Wendy’s and Jamie Oliver’s businesses, while reducing payable taxes on profits in India, investigations by the Indian Revenue Service and the Independent Commission for the Reform of International Corporate Taxation found. … [Read more...] about Explainer | Why is Akshata Murthy’s wealth controversial?
Quotes about making hard decisions
Tim Schafer, a veteran game designer responsible for LucasArts classics such as Day of the Tentacle and Grim Fandango, says that he never saw Myst as a threat to LucasArts’ way of life; instead, he saw the sunny side of its impact on the market. “We didn’t really think of Myst as competition because it was such a different type of game to us,” Schafer says. “If anything we thought it would make more people buy computers and CD-ROM drives and see games as more than just hyperviolent shooters.” … [Read more...] about Myst at 25: How it changed gaming, created addicts, and made enemies
Karan says that at Livspace, designers are supposed to act as salesmen and convince customers to pay the amount in advance. If freelancers fail to secure the deal, which can go on for months depending on how many revisions the client requests, they don’t get paid at all as Livspace does not offer any base compensation. “They trap new freelancers because they don’t have any leads and are desperate,” he said. … [Read more...] about Hot startup Livspace faces backlash from angry customers, vendors and ex-employees
In fact, Motilal Oswal Most 10-year Gilt fund which offered a similar constant maturity strategy was wound up in October 2015 for want of adequate investor interest. “The 10-year passively managed fund was closed due to lack of demand for government securities in 2015. Today it is one of the biggest segments in debt investing and the market has matured a great deal since then. We also have a dedicated research, product and sales team towards passive funds today,” says Oswal. … [Read more...] about New fund offer: Should you invest in the Motilal Oswal 5-year G-Sec ETF?
A: I think regarding Air India we were proceeding at a very good pace before the pandemic. We had issued a new Expression of Interest, we had worked out certain debt levels, we have a very important condition of net current liabilities to be zero. I think there is very limited bandwidth the government has on continuously supporting Air India, which even in the best of the times pre-COVID was actually making big losses. We have to see whether it is affordable to put the taxpayers' money continuously. Almost about Rs 500 crore per month will be required for Air India to sustain its losses. If there are certain constraints that potential bidders are facing, I think we should remove those constraints and move the transaction ahead. The post-COVID aviation market is also a consideration. We have to work in this new reality. … [Read more...] about Interview | RailTel, IRFC IPOs in pipeline; govt has limited bandwidth to back Air India: DIPAM secretary Tuhin Kanta Pandey