The Indian companies, however, invested a much lower $1.59 billion in overseas markets in the previous month May 2014.
A summary of sports events and sports persons, who made news on Saturday
The national carrier has started approaching Indian banks and public sector undertakings for disposal of these properties including floorspace in prime locations.
'Rationalising TDS on dividends for FPIs to reduce it to treaty rates ranging from 5 to 15 per cent, depending on the country of residence of FPIs from current rate of 20 per cent will provide a big cash flow relief for FPIs.'
Prime Minister Narendra Modi on Saturday returned home after wrapping up his two-day Sri Lanka visit, the first by an Indian premier in over 25 years.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
Cementing its strategic partnership with Seychelles, India on Wednesday signed four agreements with the Indian Ocean island nation to boost security and maritime partnership.
'The Modi government's lack of foresight has compelled India to become an importer of vaccines today and even now, their "vaccine strategy is flawed and discriminatory'
India is devoting itself to promoting a strategy of diversifying its energy sources.
The investigation under FEMA was taken up by ED based on a reference received from RBI to investigate advance remittances received by certain entities for the purchase of the shares of Tamil Nadu Mercantile Bank through escrow mechanism maintained with Standard Chartered Bank, Mumbai.
The Indian Football team have now broken all records having won eight games on the trot since the AFC Asian Cup Qualifiers Playoff Round 1 match against Laos on June 2, 2016.
In a statement, the PMO said three vaccines are in advanced stages of development in India, out of which two are in Phase II and one is in Phase-III. It further said Indian Scientists and research teams are collaborating and strengthening the research capacities in neighbouring countries such as Afghanistan, Bhutan, Bangladesh, Maldives, Mauritius, Nepal and Sri Lanka.
Spanish bank denies credit line to bail Sahara boss.
Saina Nehwal and P V Sindhu are on a collision course at next week's World Championships in Basel, Switzerland, as they have been placed in the same half after the world governing body re-conducted the women's singles draw.
The top posts on social media from your favourite Bollywood celebrities.
The Enforcement Directorate, on Friday, issued a show-cause notice to actor Shah Rukh Khan, his wife Gauri, actor-friend Juhi Chawla and others for alleged loss of Rs 73.6 crore foreign exchange in a FEMA case related to the Indian Premier League.
To avoid season pricing, keep a close eye on the calendar and begin planning travel at least 60 to 90 days in advance keeping tentative dates in mind.
After a long hiatus of more than 20 months, the government had on November 26 announced the resumption of scheduled international commercial flights from December 15.
Alert to the looming threat from the 'Omicron' variant, states began to re-tighten curbs and urgently trace people who arrived from abroad in the last one month while a demand to not allow flights from the affected countries was made by Delhi Chief Minister Arvind Kejriwal and Karnataka Chief Minister Basavaraj Bommai.
'India is a pharma dada. We can manufacture enough for our people and for the world.'
What you must know about Urvashi Rautela, Miss Universe India 2015.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
In 2012, India attracted $22.78 billion of FDI, according to the data by Department of Industrial Policy and Promotion.
Goldman Sachs wanted the govt to give it a blanket approval for any further investment in non-banking financial activities in India.
A summary of Indian athletes' showing at the Commonwealth Games on Day 3.
The Foreign Investment Promotion Board has pulled up the department of revenue for rejecting all foreign direct investment proposals in which funds are routed through Mauritius and said it has taken a conscious policy decision to overrule such objections.
The allegations of DDT evasion is connected to some transactions the Indian entity has made while buying shares of the company from the Mauritius and US companies of Cognizant.
Air India is awaiting the Union civil aviation ministry's nod to sell its properties in Mumbai and Chennai
The top court last week gave Sahara a final chance to raise funds.
India is failing to take advantage of its important ally, Japan as much as it should, notes Mihir S Sharma.
Here are the world's most courteous, friendly, helpful and efficient airline crews from each continent.
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
Companies wanting to consider treaty benefits and deducting tax at a lower rate will have to examine the qualitative factors. They will have to consider whether FPIs are liable to tax and whether they are the beneficial owner of dividend income.
According to the Zeitgeist charts released by the search engine giant Google Indians looked for these travel destinations in 2013.
India and the US are among the countries excluded from the list of nearly 60 low-risk countries.
His son Karti was questioned by the agency in the same case on Thursday for about six hours.
Hong Kong is the world's freest economy according to the Index of Economic Freedom 2015.
Mumbai-based Pratibha Shipping Company, which owns six tanker vessels, has secured a contract from Mangalore Refinery & Petrochemicals, a subsidiary of ONGC, for transporting fuel to Mauritius for three years.
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