Devendra Kumar Malhotra

Most acquisitions fail after the deal closes, not before it. A widely-cited KPMG study found that 83% of acquisitions fail to boost shareholder returns, and Harvard Business Review’s long-running research puts the broader M&A failure rate at 70–90%. Post-merger integration, not deal structuring, is usually where that value gets destroyed.…

GST audit trends 2026 look nothing like the audit regime businesses knew five years ago. A growing share of Indian companies now get a GST scrutiny notice triggered by a routine data mismatch, not deliberate evasion. The GST Network matches your books against e-invoices, e-way bills, and income tax filings…

India’s tax code changed permanently on 1 April 2026. The Income Tax Act, 2025 replaced the Income Tax Act, 1961 — a law that had accumulated over 4,000 amendments across six decades. For M&A advisers, IBBI-registered valuers, and CFOs handling business restructuring, this is not a simple renumbering exercise. Several…

Thousands of cross-border equity transactions in India hit a regulatory wall every year — not because the deal was poorly structured, but because the FEMA valuation report was wrong, stale, or built on the right framework but the wrong professional. Authorised dealer banks returned more filings in 2025-26 than in…