With Mauritius slated to become a duty-free market within the next one year, the island-nation could be one of the most preferred business destinations for Indian entrepreneurs.
Food and grocery delivery major Swiggy on Thursday filed its updated draft papers with capital markets regulator Sebi to raise funds through its much anticipated initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer-for-sale (OFS) of 18.52 crore equity shares by existing shareholders, according to the updated draft red herring prospectus (UDRHP). Market sources have pegged the company's IPO size at over Rs 10,000 crore.
India had won the title in 2018 and 2023, while it was the first trophy for Syria who had finished third in 2019.
Fans are speculating about their honeymoon destination but which place will Sobhita Dhulipala and Naga Chaitanya zero in on for their romantic getaway? Akkineni are tying the knot and has everyone excited.
Talks not to resume till the island nation expedites revision of double-taxation avoidance agreement.
Uttar Pradesh Chief Minister Yogi Adityanath highlighted the successful execution of the Maha Kumbh 2025, emphasizing effective crisis management, economic benefits, and the event's role in national unity and infrastructure development. He cited the swift response to a stampede on January 29 and the extensive preparations that ensured a smooth experience for millions of pilgrims.
State-run Mahanagar Telephone Nigam, which had acquired the licence to offer telecom services in Mauritius in 2004, has started operations with international long distance services to begin with.
Mauritius has decided to do away with the visa system for Indian tourists in the island country from October 2004 to give a fillip to tourism.
From a few rain gauges in 1875 to rivalling the world's best weather agencies, the India Meteorological Department (IMD) has weathered its way to becoming a global leader in forecasting.
The only family Meghana lived with after losing her parents and brother in the tsunami was her dog, Alex. When Alex died after 13 years, she took her ashes to where her own family lay under the ocean. "I wanted her to join the rest of my family and that is one of the best things I have done."
Overseas Indian Affairs Minister Vayalar Ravi stated that the focus areas of the PBD in Mauritius would be to deliberate ways and means of further strengthening economic engagement, role of youth in maintaining the vital PIO links and cultural heritage as well as look at mutual areas of exploration where Mauritius could serve as a gateway for doing business with Africa.
There is a growing concern that many entities are routing their investments into the country through Mauritius to reap undue tax benefits.
President Pranab Mukherjee is deeply satisfied with his three-day visit to Mauritius, Saisuresh Sivaswamy reports.
Mauritius promises India full-cooperation on tax treaty issues.
Withdrawing a blanket ban on overseas shipments of non-basmati white rice, the government on Saturday imposed a floor price of $490 per tonne and exempted the commodity from export duty. Exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply. "The export policy for non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or gazed) ...is amended from prohibited to free, subject to MEP (minimum export price) of $490 per tonne with immediate effect and until further orders," the directorate general of foreign trade (DGFT) said in a notification.
The people of Indian descent account for a vast majority (about 70 per cent) of Mauritius population.
The government on Tuesday said it has received information related to black money from Mauritius and was examining it for appropriate action.
India told Mauritius that it will not take any decisions that will "adversely impact" bilateral relations while reassuring the country that amendments to the bilateral tax treaty would be made only after considering the legitimate interests of both sides.
In May, India and Mauritius signed a protocol to introduce in-principle taxation of capital gains in India in a phased manner.
Megahna Rajsekhar survived the tsunami and was rescued by an unknown tribal man. 14 years later she tracked him down to say thank you.
Foreign Direct Investment inflows from Mauritius have almost halved during April-January period of last fiscal to $4.11 billion on fears of impact of GAAR and possible re-negotiation of the tax avoidance treaty.
The average value of retail digital payments dropped 48 per cent from Rs 8,769 in March 2021 to Rs 4,560 in March 2024 due to a growing preference to use digital modes of transactions for small value payments, according to the Reserve Bank of India's (RBI) report on the trend and progress of banking in India.
Foreign direct investment in India jumped 47.8 per cent to $16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at $10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to $5.85 billion and in June to $5.41 billion from $2.67 billion and $3.16 billion, respectively, in the year-ago period.
Short of saying that it will not renegotiate the Double Taxation Awardence Treaty with India, Mauritius said on Tuesday there was a need for a balanced approach as the agreement has benefited both the countries since it was framed in 1983.
Both teams showed urgency to find the winner but were denied, with Malaysia coming close just before the final whistle.
The initiative was made public by Bihar Roots Foundation president Goorooduth Chuttoo, who is accompanying Mauritius Prime Minister Navinchandra Ramgoolam, who is on a three-day visit to Bihar.
The Centre is in talks with Mauritius with regard to the long-pending revision of the bilateral tax treaty.
Other documents might be needed for investors from other nations
Mukherjee, who is in Port Louis on a three-day visit, said the Double Taxation Avoidance Convention cannot be seen in isolation, separate from the many strands that weave the tapestry of India-Mauritius relationship and efforts, and it should remain focused on realisation of the full potential of the bilateral ties.
Dismissing the notion that Mauritius is a tax haven, the island nation's Vice Prime Minister Ramakrishna Sithanen on Tuesday said he has not received any complaints from India about routing investments via his country to evade taxes.
Engagement with neighbours is a strategic imperative, and not an option, asserts Rup Narayan Das.
An athlete at the Commonwealth Games is in a 'serious' condition at a Gold Coast hospital after contracting malaria, organisers said on Friday.
President Pranab Mukherjee on Monday left for Mauritius on a three-day visit during which he will be the chief guest at the national day celebrations of that country.
The JWG has had eight rounds of meeting since it was set up in 2006 but no mutually agreeable solution has been arrived at.
