Tiger Global

Prime Minister Narendra Modi on Wednesday greeted wildlife enthusiasts on Global Tiger Day and said his government affirms its commitment to science-based conservation, community participation and sustainable development that strengthens tiger conservation. The International Tiger Day is celebrated on July 29 every year to give worldwide attention to the conservation of tigers. "Greetings to all wildlife enthusiasts on Global Tiger Day. The people of India are proud of the fact that we are home to almost 70 per cent of the global tiger population," Modi said in a post on 'X'. The prime minister said India's tiger conservation efforts are inspired by the centuries-old culture of living in harmony with nature and powered by the collective will of our people. "We also reaffirm our commitment to science-based conservation, community participation and sustainable development that strengthens tiger conservation," he said.

Tax uncertainty persists after Supreme Court's Tiger Global ruling despite GAAR relief, with concerns over treaty benefits, TRC validity and indirect transfer taxation

Moderating valuations, US funding strength and lingering tax uncertainty are prompting SaaS and late-stage startups to delay plans to relocate headquarters back to India

The startup group has asked the government to reassure global investors of a stable investment environment, asking it to issue a clarification that pre-2017 investments would not face taxes

PhonePe shareholders -- Walmart, Tiger Global and Microsoft Global Finance will offload stakes worth around Rs 10,115 crore through the company's forthcoming IPO, according to updated draft papers of the fintech firm. The IPO is entirely an Offer-for-Sale (OFS) by existing shareholders. The company will not be raising any additional primary capital in the Initial Public Offering (IPO). PhonePe promoter WM Digital Commerce Holdings Pte will sell 45,942,496 of 3,71,517,890 shares or about 0.12 per cent stake in the company through the OFS valued at Rs 1,996.8 per share, based on the weighted average cost of acquisition per equity share. Singapore-based WM Digital Commerce Holdings Pte. Ltd is the Walmart-controlled promoter entity of PhonePe. Tiger Global PIP 9-1 will sell 10,39,160 shares, and Microsoft Global Finance Unlimited Company will offload 36,78,790 shares. The total shares to be offloaded through the OFS are valued around Rs 10,115.87 crore based on the weighted-average

Market participants broadly view judgment as fact-specific, centered on interpretation of grandfathering provisions under the India-Mauritius tax treaty and application of General Anti-Avoidance Rule

SC's Tiger Global ruling marks a shift in India's tax jurisprudence, unsettling treaty certainty, expanding anti-avoidance scrutiny and raising concerns over predictability for foreign investors

The decision has major implications for private equity funds that have set up shell entities in the offshore haven to channel investments into India, according to lawyers

The India-Mauritius DTAA has been under scrutiny since it was signed in 1982. It was always seen as a route to avoid tax

The US-based investment firm's substantial sale of Flipkart's stake to Walmart Inc. was one of the largest exits by a foreign investor in the Indian e-commerce sector

The Supreme Court's Tiger Global ruling narrows grandfathering protection, allowing tax authorities to scrutinise pre-2017 investments at exit under GAAR and anti-abuse norms

CBDT to adjust ₹968 crore tax withheld on Tiger Global's Flipkart exit after Supreme Court upheld India's right to tax the transaction

Supreme Court's Tiger Global ruling strengthens GAAR, pushing taxpayers to rethink treaty benefits, legacy structures and cross-border tax planning

Given the findings of the SC, it is likely to send mixed signals to foreign investors and unsettle various long-settled positions around tax treaty benefits

A single certificate was once enough to unlock tax treaty benefits in India. Not anymore. The Supreme Court’s January 2026 ruling in the Tiger Global case has redrawn the rules for foreign investors.

The Supreme Court's Tiger Global ruling strengthens India's ability to tax cross-border exits and probe treaty shopping, even when foreign investors hold valid tax residency certificates

The top court allowed authorities to tax the capital gains from Tiger Global's $1.6 billion stake sale in Flipkart in 2018

Indian officials argued arrangement was meant to avoid tax

The apex court said tax authorities had correctly rejected Tiger Global's application seeking exemption from capital gains tax arising from the transaction

Tiger Global and Indian tax authorities have been locked in a legal tussle over its 2018 stake sale in Indian e-commerce company Flipkart to Walmart worth ₹14,440 crore ($1.6 billion)