Most brokerage firms have a “neutral” stance on the Shadowfax IPO. SBI Securities notes that at the upper price band of ₹124 apiece, the issue implies an (Enterprise Value) EV/Sales multiple of 2.4x and an EV/EBITDA multiple of 106.5x
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Singh offers perspectives on why Indian consumer brands haven't gone global yet, the importance of quick commerce in brand discovery, and why nearly 50% of Fireside's founders are women
Abhishek Bansal said the company’s margins have been expanding by 30-50 basis points every quarter since it started achieving profitability. And the profits came even as Shadowfax continues to grow across e-commerce and hyperlocal deliveries segments
Industry argues over the "abrupt" nature of Deepinder Goyal’s resignation as Eternal CEO
India taxes ESOPs as a perquisite at the time of exercise, even when there is no market for the shares and no liquidity event. Employees are then taxed again when they sell their shares, which creates a dual tax burden on the same compensation
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In the judgment, a bench of Justices R Mahadevan and J.B. Pardiwala essentially nullified the tax immunity given by the India-Mauritius double taxation avoidance agreement by reinterpreting the meaning of a key phrase within the treaty
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