Encounter in Jammu & Kashmir's Kupwara, two terrorists killed

India may accept the valuation criterion followed under the foreign exchange management law for the so-called angel tax on investments by overseas investors in startups, to provide clarity and end tax disputes.

More Retail, which is owned by Amazon and private equity firm Samara Capital, is looking to divest about a fifth of its equity to external investors at a valuation of around $2 billion, said people aware of the matter.

The Wadia family-owned low-cost airline Go First Tuesday filed for voluntary insolvency proceedings before the Mumbai bench of the National Company Law Tribunal (NCLT) and attributed the decision to protracted delays in sourcing airworthy engines from US aerospace major Pratt & Whitney (PW).