Walmart Inc. and other PhonePe shareholders could have to pay nearly USD 1 billion in tax for shifting its headquarters from Singapore to India. Watch this video to know more.

World Business Watch: Walmart gets $1 billion tax bill for relocating PhonePe headquarters to India

Government's Measures To Bring Tax Relief For Corporate India Sparks Record Rally In Indian Markets

Gravitas: Government pump-primes the Economy: Ushers in Corporate tax cuts

The government's decision to reduce the base corporate tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth is credit positive for companies because it will enable them to generate higher post-tax incomes, Moody`s Investors Service said on Saturday.

Corporate tax reduction is credit positive for companies but increases government's fiscal risks: Moody's