Business

The Supreme Court has stayed the High Court judgment in favor of Mauritius-based investment arm Tiger Global International Holdings. The case pertains to the sale of Flipkart Singapore’s stake to Walmart for Rs 14,500 crore in 2018, on which capital gains were made in India. The Supreme Court has said in its order, ‘There is … Read more

Tata Electronics today announced the purchase of 60 per cent stake in Pegatron Technology India, the Indian arm of Taiwan’s Pegatron Corporation, which makes iPhones on contract for Apple. According to people familiar with the development, this deal will significantly reduce the gap between Tata Electronics and Foxconn in terms of iPhone production in the … Read more