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Top 10 biz headlines: I-T heat on Tatas, Walmart-Flipkart deal safe & more

Here are the top 10 business stories that made news on Tuesday

Walmart
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I-T authorities will scrutinise Walmart's liability after September 7

BS Web Team
Income-Tax dept withdraws exemption granted to Dorabji Tata Trust

The income-tax department has withdrawn the exemption granted to Sir Dorabji Tata Trust, one of the oldest and biggest philanthropic organisations in the country, in a move that could adversely hit the $103-billion salt-to-software Tata group. Read on.

RBI to conduct first half-yearly audit, approve interim dividend on Feb 18

The Reserve Bank of India (RBI) is getting its half-yearly balance sheet audited to determine the amount of interim dividend it can give the central government. Though a concurrent audit of its accounts is done on a quarterly basis,