POWERFUL WOMEN
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Yasmine Hilton,
Chairperson, Shell Indiaage: N/A
A major legal victory for Shell has seen Hilton’s stock rise among multinationals in India. Her stint at Shell India started in inauspicious circumstances. In 2013, shortly after she took over, the petroleum giant was slapped with a $2 billion tax notice in a transfer-pricing case for private equity infusions it had received in 2009 and 2010. The case simmered in the courts till last November, when the Bombay High Court ruled in favour of Shell, and the Narendra Modi government announced that it wouldn’t appeal the ruling. It was a major victory for Shell, and a morale boost for other multinationals that have been jittery about India’s fickle tax regime. Soon after the verdict, Shell's investments in India increased, and Hilton set up a global Shell IT Centre in Bengaluru, the first of its kind for the group. Already 200 people have been hired, with plans to scale up to “the thousands by 2016”.
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