Corporates Face the Heat while Household Finances Lose Grip
In the world of market discourse, the traditional icebreaker, “How much profit or loss did you make today?” has undergone a transformation, giving way to a new and thought-provoking conversation starter: “Has the company in your portfolio received a tax notice?” This shift in conversational tone has been catalysed by a recent flurry of tax notices, which have cast a wide net, ensnaring companies across various sectors. Notable among them is Delta Corp., India’s largest casino operator, and even the venerable ICICI Lombard General Insurance Company.