WCP Mauritius Holding, an investment vehicle promoted by former World Bank president James Wolfensohn, has bought a minority stake in India's ethnic wear company Fabindia for about $11 million, a Financial Times report said.
Temasek Holdings, the Singapore government's investment arm, has sold its entire 5.26 per cent stake in healthcare major Apollo Hospitals Enterprise for Rs 133.68 crore (Rs 1.34 billion).
The court extended the interim protection granted to Chidambaram and his son, Karti, till December 18.
Enjoying the snow away from the Mumbai summer!
The market regulator is seeking help from its peers in Mauritius, the UK and the US to solve the high-profile money laundering case involving Sahara chief Subrata Roy.
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
P V Sindhu and K Srikanth have been given the top billing in the respective women's and men's singles badminton competitions of the Commonwealth Games
Take a dip in water with Bollywood!
Real estate development on Mumbai airport land and the work on Navi Mumbai airport have been inordinately delayed, which have prompted rating downgrades and raised questions on its financial capabilities. It is also trying to stave off Adani group's entry as a shareholder in the Mumbai airport project.
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement.
The top posts on social media from your favourite Bollywood celebrities.
According to the Zeitgeist charts released by the search engine giant Google Indians looked for these travel destinations in 2013.
Bollywood actor and co-owner of Indian Premier League franchise Kolkata Knight Riders, Shah Rukh Khan has been summoned by the Enforcement Directorate for forex violation.
The bilateral talks took place as the formal heads of government meeting got underway in London on Thursday, following a formal launch by Queen Elizabeth II at Buckingham Palace.
Senior Congress leader P Chidambaram's son Karti's name has also cropped up in the case
The probe agency found irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank to the travel firm.
'In our country, Hindus and Muslims live like brothers,' says the Mauritius Vice President in an exclusive interview.
Efforts to initiate a double taxation avoidance agreement with Singapore has hit a roadblock. This is because of Singapore's reluctance to include an information-sharing clause in the agreement.
Face Rs 1,000-cr minimum alternate tax demand
L&T-Infrastructure Development Projects Limited will divest 21.6 per cent stake to Silver Peak Investments (Mauritius) and an India Development Fund-led consortium for Rs 550 crore.
Medals tally of the 2018 Commonwealth Games in Gold Coast.
Check out India's schedule on Day 3 of Commonwealth Games.
Whatever the critics may say, the numbers suggest that India continues to be a favourite destination for foreign investors.
Check out India's schedule on Day 8 of the Commonwealth Games in Gold Coast, on Thursday.
Eminent Indian-origin academician Srikant Datar has been named as Dean of Harvard Business School, succeeding Nitin Nohria and becoming the second consecutive dean hailing from India to lead the prestigious 112-year-old institution. Datar, an alumnus of University of Bombay and Indian Institute of Management, Ahmedabad, is the Arthur Lowes Dickinson Professor of Business Administration and the senior associate dean for University Affairs at Harvard Business School (HBS). He will assume charge as the school's next dean on January 1, president Larry Bacow said.
The case is related to the alleged irregularities in granting clearance by the Foreign Investment Promotion Board to INX Media, once owned by Peter and Indrani Mukherjea, for receiving overseas funds to the tune of Rs 305 crore.
Hailing the Supreme Court verdict on tax exemption to Mauritius-based companies, the finance ministry said on Wednesday that it would help in higher inflow from foreign institutional investors.
As part of its vision to become a multinational corporation, State Bank of India is now scouting for more banks in South Asia and Africa while steadily consolidating its seven associate banks.
As noted in January, flying with VIPs like the President, Vice President, Prime Minister etc is both onerous and fun.
Bank of America Merrill Lynch and JP Morgan are bankers for the bonds
The Central Bureau of Investigation on Thursday questioned advocate Gautam Khaitan, former board member of Aeromatrix, in connection with the bribery allegations in the Rs 3600-crore VVIP helicopter deal.
The senior Congress leader's role has come under the scanner of investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore.
"We won't shift the search area as this was confirmed by our experts based on the drift patterns of the recovered debris," Transport Minister Liow Tiong Lai said.
Take the poll given below and let us know.
Despite impressive economic performance in the past two decades, India faces persisting challenges of poverty, equity, sustainability and opportunity, Prime Minister Manmohan Singh stated in his address after inaugurating the 11th version of the Pravasi Bharatiya Divas in Kochi.
The President has begun studying Constitutional and Presidential precedents in anticipation of a fractured mandate in next year's general election, reveals R Prema.
The Central Bureau of Investigation on Friday quizzed Satish Bagrodia, the industrialist-brother of former Union minister Santosh Bagrodia, who is the chairman of IDS Infotech, one of the suspect companies in the alleged bribery scandal in Rs 3600-crore VVIP chopper deal.
