M Padmakshan

  • Deepak Roy picks up 5% in BDA

    Deepak Roy picks up 5% in BDA

    Deepak Roy, one-time blue-eyed boy of spirit baron Vijay Mallya, has picked up a 5% stake in Mallya’s arch-rival Kishore Chhabria-led company BDA, makers of Officer’s Choice whisky.

    Now, I-T smells share in GECIS stake sale

    Now, I-T smells share in GECIS stake sale

    The income-tax department has sent notices to Genpact asking for details of the $500-million deal in 2004 when GE sold off its 60% stake in GECIS (name later changed into Genpact) to two US-based private equity investors.

    Maharashtra govt moots new liquor duty

    Maharashtra govt moots new liquor duty

    The Maharashtra government is mulling a plan to levy a duty of Rs 300 per litre of imported liquor, replacing the existing ad valorem rate of 200%.

    'Company non-resident if control is not in India'

    'Company non-resident if control is not in India'

    A company would be considered non-resident if the control and management is not in India. The location of board of directors should determine the place of control and management of the company.

    Delhi HC restrains Original Choice

    Delhi HC restrains Original Choice

    Officer's Choice whisky gets interim relief from Delhi HC after the latter temporarily stalled the introduction of rival brand.

    SC upholds Coke stand on taxing warehousing fee

    SC upholds Coke stand on taxing warehousing fee

    In a recent ruling on an appeal filed by Coca-Cola, the Supreme Court has reaffirmed one of the time-tested principles of Indian tax system: the same income cannot be taxed twice.

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