The notice, under provisions of the Foreign Exchange Management Act, has been issued by the Mumbai office of the agency after its probe found that the group has 'contravened' the law as it failed to comply with Reserve Bank of India norms by not declaring funds generated by some wholly owned subsidiaries the group had raised overseas few years back, according to ED sources.
Rating agency expects current account deficit to remain at a modest 1.4% at end of FY16 and stay at similar level till 2018
To collaborate with Flipkart and Amazon for online sales.
Despite uncertain times and market volatility ahead, investors should continue with their disciplined investing via SIPs.
India's first woman International Olympic Committee member Nita Ambani has made it to two important commissions of the global sports governing body, including the prestigious Olympic channel.
PM's Massive Mission to achieve 'Swachh Bharat' by 2019 is a tribute to Mahatma Gandhi on his 150th birth anniversary.
He topped the list with a personal fortune of $4 billion.
Given its focus on the real estate sector, financial planners feel this scheme is not meant for first-time investors and any investor should only have 5 to 10 per cent exposure to this fund.
'Collateral damage during operations needs to be avoided.' 'Such an objective can be achieved more easily should stone throwers not gear up to en masse oppose security forces.' 'With the conditions being quite sensitive at this stage, the death of one of these boys could easily serve the terrorists in instigating violence,' notes Brigadier S K Chatterji (retd).
The company now plans to bet on health sciences, skin care and specialised products, says Arnab Dutta.
The Reserve Bank of India (RBI) plans to impose stricter limits on how much a bank can lend to a single corporate group, a move aimed at curbing risk in the banking sector at a time when bad loans are on the rise.
Two straight years of less than 5 percent economic expansion have led to a surge in bad loans for Indian lenders.
Nissan's global design activities now take place at Atsugi, Kanagawa prefecture which is in the southwest of Tokyo.
The cigarettes segment had a revenue of Rs 4,554.21 crore during the second quarter of the current fiscal, as against Rs 8,528.47 crore in the year-ago period, down 46.56 per cent.
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Ola's rival Uber is trying to set up a local engineering centre in Bengaluru.
India has trade deficit with as many as 81 countries including China, Qatar, Korea, Japan and Indonesia in 2012-13, Parliament was informed on Wednesday.
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
Diamond prices vary purely on demand and supply. You can make extraordinary returns within six months or it can even take years.
Vikram Kothari finds himself stands accused of a bank loan default to the tune of thousands of crores.
The Nifty is up 6.5% in the last 12 months. The NSE IT Index is down 10% in the same period. But will the sentiment improve going ahead?
Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.
Investors may increase exposure to mid and small-cap stocks as their risk-reward profile is more attractive currently, suggest Nitin Singh and Vinay Joseph.
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Afghanistan is part of Modi's five-nation trip beginning June 4 which will also cover Qatar, Switzerland, the United States and Mexico.
Stock selection in India remain relatively low-beta given the lack of any conviction here on any near-term upturn in the investment cycle
Investors should consider debt mutual funds, banks fixed deposits or high-rated corporate debt instruments.
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
NBFCs are mainly dependent on funding their operation from their own cash flows.
Sector added only 200,000 employees in FY16, down from 230,000 in FY15
On Nooyi, who is now in her 10th year as CEO, Fortune said, she "shows no signs of slowing down"
Hinduja Brothers are keen to invest in Indian Infra projects.
It's good for diversifying portfolio and saving for long-term goals
'Almost 75 per cent of our total sales come from the top 50 cities in India.'
While Indian IT has known what is coming and has a strategy ready to combat it, the same can't be said about the country and the government.
He also emphasised that those giving shelter to terrorists and using them as political instruments must be condemned, an apparent reference to Pakistan.
Infosys President B G Srinivas will join Hong Kong-based diversified group PCCW as Group Managing Director in July, after ending his 15-year old stint with India's second largest IT services firm.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
Monitor how long the high cash position lasts. If it lasts for a month or two, it is fine. But if it continues for a couple of quarters, seek your advisor's opinion on whether to exit the fund.
There are also signs that the private sector investment cycle is slowly coming back, as capacity utilisation figures across industry continue to slowly creep up. A pickup in investments will front load profitability, says Akash Prakash.
Coke draws up Rs 11k-cr plan to sell frozen fruits, juices. Firm also considering launching frozen Fanta and Coke.
