Until now, the penalty was Rs 1 crore only.
However, according to some social media reports, the Civil Aviation Administration of China has allowed IndiGo to operate seven flights a week to Chengdu and Guangzhou from New Delhi and Kolkata, respectively
Russia is among the top buyers of Indian tea, accounting for about 18 per cent of the industry's total exports.
Making it easier for companies to raise funds through genuine equity or debt offers, Sebi unveiled a slew of measures to bring to book those running illegal money-pooling schemes and indulging in other fraudulent activities.
Online encyclopedia Wikipedia has a long-term commitment to India and is focussing on bringing more users to its platform by meeting language needs of communities and introducing tools to ease access, a top Wikimedia Foundation executive said. Wikipedia, which is operated by non-profit organisation Wikimedia Foundation, already counts India as its fifth largest market. It gets about 750 million page views a month from the Indian audience.
The new norms also seek to ensure that sufficient safeguards are put in place to avoid any misuse of its new powers and the required privacy of individuals is granted while conducting search and seizure operations.
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Sebi on Monday decided to declare illegal mobilisation of funds as a "fraudulent and unfair trade practice".
The Finance Ministry said that complaints against seven of them are being examined by Sebi, while the markets regulator has prima facie found two other firms to be running Collective Investment Scheme (CIS) and suitable actions are being taken against them.
Sebi has prohibited firms, including Greenworld Agro Industries, Mass Infra Realty, Orchid Cultivation Projects India, Aditya Global Industries and Real Tulip, from raising funds from investors through issuance of securities.
AirAsia India, which started operations on June 12 2014, had a market share of 6.2 per cent of the domestic traffic in April.
The meeting is taking place under the shadow of a fierce border row between India and China, both members of the influential bloc.
Calculative risks is what differentiates the successful businesses from the rest, points out Bhargav Varma, co-founder and COO of CiS App, a social networking venture.
Under the new model, the IT services firm will replace the current structure of its various strategic business units, service lines and geographies with four strategic market units and two global business lines.
In his address at a ministerial meeting of the SCO in Moscow in the Russian capital, Singh also referred to the Second World War and said its memories teach the globe the 'follies of aggression' of one state upon another that brings 'destruction' to all.
Sebi has decided to lay out strict timelines for completion of actions.
'The government ought to have taken Parliament into confidence on the EUMA rather than place on record just the two sentences on the agreement found in Krishna's statement on Clinton's visit.'
Sebi has restrained Saiprasad Corporation from raising funds from the public through its schemes.
Robrecht Himpe, who is the CEO Flat Europe and Amaud Poupart-Lafarge (Africa and CIS) are the new members of the management committee. Further, Andre van den Bossche and Narendra Chaudhary would be retiring from the committee in due course. Bossche is in charge of Global Trade Policy, Steel Contact Groups, Mandates and Associations while Chaudhary is the CEO Africa and CIS.
Mukherjee, 60, responsible for Asia, Africa, the CIS, mining, stainless and pipes and tubes, will retire on May 13, the date of the company's annual general meeting, a company release said. The board of directors will propose to the AGM of shareholders that he will be appointed as a non-executive member of the Company's Board of Directors effective from that date.
In its complaint, Sebi had alleged that despite a public notice of December 18, 1997, accused had failed to get the CIS registered with Sebi or wind up the schemes or repay the amount collected from investors in terms of CIS regulations.
The analysis is based on the free-float market capitalisation.
It is the diamond in Africa and Russia that is dazzling India these days. India is planning joint ventures with diamond mining companies across Russia, Africa and the CIS nations.
Most applicants of the H1-B visas, much sought-after by hi-tech professionals including Indians, are 'average' workers and not the 'innovators' as portrayed by industry lobbyists, a report has said, opposing the extension of the popular guest worker programmes. New data analysis shows that the vast majority of H1-B workers, including those at most major tech firms, are not the innovators industry portrays them to be, the Centre for Immigration Studies said in a statement.
The move follows anticipation of lower sales in the US market in the wake of the termination of generalised system of preferences, the US incentive that helped domestic jewellers boost exports to that country.
Despite Sebi passing at least four orders against deposit-taking entities in the past year alone, the business seems unscathed
Ranbaxy Laboratories Ltd on Thursday said it will sell off its manufacturing unit in Ireland as it consolidates production activity for Europe and the CIS countries, at the plant of recently acquired Terapia in Romania.
Sebi has been probing Prayag Group for allegedly running unauthorised collective investment scheme and for defaulting in repayments to various small investors.
Global data networking company, Cisco Systems on Wednesday hinted at setting up its manufacturing plant in India, which will include some of its mainline products like routers and switches.
Mumbai-based pharmaceuticals player Wockhardt is set to strengthen its presence in South America
Samsung India on Monday announced that the company is all set to export Indian made refrigerators, the second product category in its consumer electronics and home appliances portfolio, that would be exported from India in addition to colour televisi
Russia was banned from taking part in or hosting world championships, including the World Cup as part of doping sanctions imposed by WADA.
Dubai-based auto component major Parts International Company on Monday said it would invest approximately Rs 16 crore
Wipro Technologies and Excelergy Corporation have signed a partnership agreement to jointly market, deploy and integrate the complete line of Excelergy platforms, including the CustomerPoint CIS/CRM solution.
Announcing its India expansion plans, Country Inns and Suites by Carlson on Thursday said it would increase its total number of hotels to 25 by 2012 with the development of new properties across the country.
After clocking $100 million in exports in 2005, LG Electronics India, on Wednesday said it would focus on developing India as a major hub for its exports to Africa, Middle East,
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