News for 'Global Compliance'

India pulls out of women's World Team Squash Championship

India pulls out of women's World Team Squash Championship

Rediff.com3 Aug 2020

India pulled out of the Women's World Team Squash Championship scheduled to be held in Kuala Lumpur, Malaysia from December 15 to 20 due to "lack of preparation time" and "uncertainties" about travelling amid the COVID-19 pandemic.

War within IOA: IOC, FIH reject Mittal's charge of irregularity against Batra

War within IOA: IOC, FIH reject Mittal's charge of irregularity against Batra

Rediff.com12 Jun 2020

The International Olympic Committee (IOC), on Friday, cleared Narinder Batra of indulging in any wrongdoing during his election as the IOA president, rejecting the complaint of irregularity filed by the Indian body's vice-President Sudhanshu Mittal.

Terror financing watchdog decides to keep Pak in 'Grey' list

Terror financing watchdog decides to keep Pak in 'Grey' list

Rediff.com22 Jun 2019

The FATF continuing Pakistan in the 'Grey' list means its downgrading by IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody's, S&P and Fitch.

Why e-tailers find it tough to mention 'country of origin' on goods

Why e-tailers find it tough to mention 'country of origin' on goods

Rediff.com28 Jul 2020

Experts say it is difficult to determine country of origin where most products are manufactured and sold, as part of a complex global value chain.

How banking system changed post Nirav Modi scam

How banking system changed post Nirav Modi scam

Rediff.com26 Nov 2020

'If you give your ID and password to somebody else, how can anybody blame the technology for that problem?'

Tatas' tea plantation arm: Labour issues prompt audit

Tatas' tea plantation arm: Labour issues prompt audit

Rediff.com25 Jan 2013

Company says no dispute with labour union but would address any shortcoming if brought to its notice.

MG puts its bets on smaller cars for Indian market

MG puts its bets on smaller cars for Indian market

Rediff.com7 Sep 2021

The MG Motor India management is focused on scaling up and launching smaller cars to play the long game in the country, says Pavan Lall.

Taxpayers told to verify ITRs for AYs 2015-16 to 2019-20 by Sep 30

Taxpayers told to verify ITRs for AYs 2015-16 to 2019-20 by Sep 30

Rediff.com13 Jul 2020

A taxpayer filing ITR electronically without digital signature has to verify it using either Aadhaar OTP, or logging into e-filing account through net banking, or by Electronic Verification Code or by sending a duly signed physical copy of ITR-V through post to CPC Bengaluru within 120 days of uploading the ITR.

Pak admits Dawood Ibrahim living in Karachi

Pak admits Dawood Ibrahim living in Karachi

Rediff.com23 Aug 2020

Dawood Ibrahim is wanted in India to face the law of the land for carrying out serial blasts in Mumbai in 1993 in which scores of people were killed and injured.

Indian drug makers face heat of US regulator's crackdown

Indian drug makers face heat of US regulator's crackdown

Rediff.com23 Jun 2013

Data also show that several other leading domestic pharma companies have recalled their products from the US

Indian cos wrestle with Europe's new data protection norms

Indian cos wrestle with Europe's new data protection norms

Rediff.com8 Mar 2018

Indian firms, which experts say stand to gain from the European Union's upcoming General Data Protection Regulation (GDPR), are struggling to understand the policies.

Pak puts more curbs on Hafiz Saeed, Masood Azhar, Dawood Ibrahim

Pak puts more curbs on Hafiz Saeed, Masood Azhar, Dawood Ibrahim

Rediff.com22 Aug 2020

Seeking to wriggle out of the FATF's grey list, Pakistan has imposed tough financial sanctions on 88 banned terror groups and their leaders, including Hafiz Saeed, Masood Azhar and Dawood Ibrahim, by ordering the seizure of all of their properties and freezing of bank accounts, a media report said.

Pharma crusader takes India's drug regulators to court

Pharma crusader takes India's drug regulators to court

Rediff.com7 Mar 2016

Dinesh Thakur is famous for exposing Ranbaxy safety problems

India's pharma cos can now invest more in R&D

India's pharma cos can now invest more in R&D

Rediff.com7 Jul 2009

Reduction in customs duty on certain bulk drugs used in making life saving drugs to 5% is a positive for companies having product pipeline catering to these segments.

HDFC Bank's S Jagdishan: 'Not a P&L person'

HDFC Bank's S Jagdishan: 'Not a P&L person'

Rediff.com8 Jul 2021

'He's at best a holding-CEO. Not one who will re-imagine the bank,' a senior banker and former colleague tells Raghu Mohan about HDFC Bank CEO & MD Sashidhar Jagdishan.

E&Y picks holes in new accounting norm

E&Y picks holes in new accounting norm

Rediff.com6 Apr 2009

The government's decision to relax compliance with accounting norm (AS 11) relating to foreign exchange losses and gains could create deferred tax liability for companies opting for revised regulations

German footwear maker to exit China, come to India

German footwear maker to exit China, come to India

Rediff.com19 May 2020

Casa Everz Gmbh, the owner of Germany-based healthy footwear brand Von Wellx, will be shifting its entire shoe production of over three million pairs annually in China to India with an initial investment of Rs 110 crore, according to a top official of the company's licensee Iatric Industries Pvt Ltd. A new manufacturing unit will be set up with a production capacity of over three million pairs in Uttar Pradesh through a collaboration with Iatric Industries Pvt Ltd as part of an understanding with the state government.

Sensex rises by 222 points to 2-week high

Sensex rises by 222 points to 2-week high

Rediff.com6 Oct 2017

Reflecting widespread recovery, the 50-share NSE Nifty too spurted by 91 points, or 0.92 per cent to close at 9,979.70.

China could've stopped virus, but didn't: Trump

China could've stopped virus, but didn't: Trump

Rediff.com21 May 2020

The US president, who has expressed disappointment over China's handling of the COVID-19 pandemic, claimed that it was the "incompetence" of Beijing that led to the mass killing across the globe.

Flipkart files application to become public, raises $700 mn

Flipkart files application to become public, raises $700 mn

Rediff.com20 Dec 2014

Flipkart is in expansion mode, needs to infuse funds in the firm.

Deadline to issue Form 16 extended to July 10

Deadline to issue Form 16 extended to July 10

Rediff.com5 Jun 2019

However, the extension leaves the salaried taxpayers with a limited time-frame of just 20 days to file their income tax returns.

Tata Steel to cut up to 3,000 jobs in European plants

Tata Steel to cut up to 3,000 jobs in European plants

Rediff.com19 Nov 2019

It plans to lower employment costs with the estimated reduction in employee numbers, about two-thirds of which are expected to be office-based white-collar roles - a majority expected at its Netherlands unit.

Twitter invokes freedom of expression, weighs legal options

Twitter invokes freedom of expression, weighs legal options

Rediff.com11 Feb 2021

The networking giant said it has taken steps to reduce the visibility of hashtags containing harmful content, which included prohibiting them from trending and appearing as recommended search terms.

Will Harley-Davidson be back on Indian roads?

Will Harley-Davidson be back on Indian roads?

Rediff.com11 Dec 2020

For Hero MotoCorp, India's largest two-wheeler company, it's a calculated gambit to revive Harley-Davidson whose ride in India has been anything but easy since it got here.When automotive firms embark on alliances, it's a roll of the dice on how such marriages will play out.

Govt loosened purse strings with fiscal deficit in mind, willing to do more: FM

Govt loosened purse strings with fiscal deficit in mind, willing to do more: FM

Rediff.com28 Feb 2020

Speaking at CNBC TV 18's business leadership awards event, Sitharaman made it clear that she was not expecting a jump in the number either.

WADA is just 'fox guarding hen house'

WADA is just 'fox guarding hen house'

Rediff.com13 Mar 2017

Speaking to Reuters during a WADA meeting in Lausanne, Switzerland, Tygart said as long as sports bodies were represented on WADA, the anti-doping organisation could not deliver on its promise to crack down on cheats.

Experts caution govt on trade deals with US

Experts caution govt on trade deals with US

Rediff.com29 Jul 2020

Existing trade deals, especially the 2009 pact with the Asean bloc, have been panned by the Centre for not boosting exports but flooding the domestic market with cheap imports. Subsequently, New Delhi has called for reviewing FTAs with Japan and South Korea. Going by that, a trade deal with the US is unlikely to be beneficial, say experts.

Tax proposals a mixed bag, more could have been done: Experts

Tax proposals a mixed bag, more could have been done: Experts

Rediff.com29 Feb 2016

The government's plan to mop-up additional revenue from indirect tax may not materialise

H-1B visas: Biden administration says lottery system to continue till Dec 31

H-1B visas: Biden administration says lottery system to continue till Dec 31

Rediff.com5 Feb 2021

The Biden administration has announced that it is delaying the H-1B policy of the previous Trump administration on allocation of the popular foreign work visas by continuing with the lottery system until December 31, 2021, to give the immigration agency more time to develop, test and implement the modifications to the registration system. On January 7, the US Citizenship and Immigration Services (USCIS) announced to do away with the traditional lottery system in deciding the successful applicants for the H-1B visas. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.

Dr Reddy's A-team moves on putting house in order

Dr Reddy's A-team moves on putting house in order

Rediff.com10 Oct 2018

After spending considerable time and energy in remediation efforts in the wake of the US Food and Drug Administration's warning letter on compliance issues, the company's leadership has finally set out to bring the house in order.

'Oil prices to average $50 for rest of '09'

'Oil prices to average $50 for rest of '09'

Rediff.com25 Mar 2009

The reference case forecast takes into account the dire state of the world economy and expects global demand to fall by 900,000 barrels per day (bpd) in 2009. It also does not foresee any further compliance by OPEC countries with the quota reductions announced last December. Dated Brent was expected to have average $45 per barrel in the first quarter, rising to $50.4 per barrel in the second and $51.8 per barrel in the third, then up to $53.4 per barrel.

Why reduce the bank CEO to a titular head!

Why reduce the bank CEO to a titular head!

Rediff.com4 Aug 2020

'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.

Amazon to create 1 mn jobs in India by 2025, says Bezos

Amazon to create 1 mn jobs in India by 2025, says Bezos

Rediff.com17 Jan 2020

The new jobs - created both directly and indirectly - will be across industries, including IT, skill development, content creation, retail, logistics, and manufacturing.

HDFC Bank will soon be among the world's top 10 lenders

HDFC Bank will soon be among the world's top 10 lenders

Rediff.com6 Nov 2017

Valued at $71.2 billion, the bank's market capitalisation is more than that of global banks like Barclays, JP Morgan Chase and Credit Suisse.

Work from home: How safe is your data?

Work from home: How safe is your data?

Rediff.com30 Mar 2020

India doesn't have a data protection law or a dedicated law on cybersecurity. Also, there is no specialised law on privacy. Experts say this complicates the scenario for businesses as they continue to be liable for breach in client data even when employees work out of the home.

Modi's hardest task in 2021: Creating jobs

Modi's hardest task in 2021: Creating jobs

Rediff.com5 Jan 2021

The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.

Sun Micro's new sales strategy

Sun Micro's new sales strategy

Rediff.com14 Jun 2005

Sun Microsystems on Tuesday said it had evolved a new sales strategy - global client solutions engagement model - in its bid to help customers focus on their problems, including business compliance, reducing costs, providing secure global access and

Full Text: President's joint address to both houses of Parliament

Full Text: President's joint address to both houses of Parliament

Rediff.com31 Jan 2022

Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.

Mallya's defiance prompts Sebi to seek changes to Companies Act

Mallya's defiance prompts Sebi to seek changes to Companies Act

Rediff.com4 Mar 2019

Sebi has now proposed that the Companies Act should also clearly mention that a person should vacate the office of a director if it orders his or her disqualification.

DRS is 98.5 per cent accurate, claims ICC

DRS is 98.5 per cent accurate, claims ICC

Rediff.com16 Feb 2017

The International Cricket Council Chief Executive David Richardson has revealed that the Emirates Panel of Umpires' usage of the Decision Review System (DRS) has enabled them to attain a staggering accuracy rate of 98.5 per cent.