The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
New Zealand all-rounder James Franklin feels Mahendra Singh Dhoni erred in his decision after winning the toss, and said the entire Kiwi outfit was surprised when the Indian skipper decided to bowl first in the second Twenty20 game at a relatively slow Chepauk pitch in Chennai.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Among individual fund houses, SBI MF was the biggest gainer in absolute terms; its AAUM rose Rs 66,090 crore, compared to its asset base in the corresponding period of FY18, reports Jash Kriplani.
Experts say the impact on the schemes' NAVs may vary in the coming days, depending upon how fund houses treat the developments on VIL and whether there are any further rating downgrades or credit events.
RB Leipzig scored twice in the opening 13 minutes but had to survive a late comeback from Manchester United to cling on to a 3-2 win on Tuesday that sent them into the Champions League knockout stage and eliminated the English side.
It's confirmed! Liam Hemsworth and Miley Cyrus are now man and wife.
Played behind closed doors, the result lifted Hertha one place up to 10th on 34 points from 27 games while promoted Union, who won the reverse fixture in November 1-0 thanks to a late penalty, stayed 12th on 30 points.
Registering their first points of the competition in the final league game, Barbados Tridents managed an edgy six-wicket consolation win against Northern Knights in a rain-reduced Champions League Twenty20.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Today, there is no easy money to be made after the run-up in equities.'
Here are some of the best images clicked across the globe in the month of August.
James Franklin struck a blistering 23-ball unbeaten 45 to help Mumbai Indians pull off a sensational five-wicket win over Kolkata Knight Riders in the final round-robin league match of the Indian Premier League in Kolkata on Sunday.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The terrorist attack was carried out by ISIS gunmen, General Kenneth Franklin McKenzie, Commander of the United States Central Command, told reporters at a Pentagon news conference on Thursday, hours after the terrorists opened gunfire at American soldiers standing outside the Hamid Karzai International Airport in Kabul.
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Unlike his compatriot Jacob Oram, who said he could not connect with the IPL, Kiwi batsman James Franklin said he was enjoying being part of the Indian Premier League.
Investing merely on the basis of past return can land you in trouble even in debt funds, a supposedly safe asset class, suggests Sarbajeet K Sen.
Bayern Munich and Real Madrid were the major winners following the resumption of European soccer's big leagues in the wake of the novel coronavirus shutdown but some clubs may wish the season had been declared null and void. Bundesliga champion Bayern were the only club across the continent to post a 100% record since the restart, winning all nine of their games, scoring 27 goals in the process.
Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.
Did you know that 1700 or 1900 are not leap years, but 2000 or 2400 are?
Katinka Hosszu of Hungary won the women's Olympic 100 meters backstroke on Monday to claim her second gold of the Rio Games, edging out Kathleen Baker of the United States.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Mutual fund houses hold Rs 3,400 crore of Yes Bank's 'riskier' bonds. Reliance MF, Franklin Templeton MF and UTI MF account for bulk of these exposures.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
UK daily Financial Times, quoting people close to the development, said, "Citigroup is to revamp its board with the departure of long-standing members Kenneth Derr and Franklin Thomas following criticism of its ability to supervise the troubled company's executives and strategy".
The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the fund managers said.
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resulting from the scrapping of a retrospective tax law.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Swiss ace was stunned by the Aussie, losing 3-6, 7-5, 7-6 (7), 7-6 (3) in a gruellng match but it looked like the former POTUS was a having a good time in the company of some friends in the stands.
Norway's Kristoff outsprinted Danish world champion Mads Pedersen after 156 km around Nice.
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
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