The Stayzilla episode raises questions over the regulations around the closure of a business, says Sudipto Dey.
Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.
As a board member, he will help USIBC provide strategic direction to US and Indian firms seeking bilateral investment opportunities and partnerships.
She will replace controversial Brett Kavanaugh who endured a bitter confirmation battle last year after President Donald Trump named him to the US Supreme Court.
Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.
The scheme offers waiver of interest, penalty, and prosecution for settling tax disputes.
Liverpool's parent company, owned by Americans Tom Hicks and George Gillett, made a loss of 42.6 million pounds last year mainly due to interest payments to service the debt taken out to buy the club.
This would make him the highest-ranking Indian American ever in the US Department of State. Over a month ago, Verma was appointed as one of the leads of the Agency Review Team overseeing the US Department of Defence for President-elect Barack Obama's Transition.
In an offline chat, mind/life coach, NLP trainer and Mental Health Guru Anu Krishna encourages Rediff.com readers to talk about their problems and offers solutions.
Rahul 'Richard'Verma, a partner with the top-notch international law firm in Washington, DC -- Steptoe & Johnson LLP -- who, until recently was the highest-ranking Indian American Congressional aide on Capitol Hill, has been appointed to the Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism.
Usually, the Income Tax Department notifies the ITR forms in the first week of April of the relevant assessment year. However, in contrast to the old practice, it has notified two ITR forms ITR-1 and ITR-4 for the assessment year 2020-21 in the first week of January.
Rahul 'Richard' Verma has been appointed to the Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism. Verma, a partner with the international law firm Steptoe & Johnson LLP, based in Washington, DC, was until recently the high-ranking Indian-American Congressional aide on Capitol Hill.
The suit was filed on behalf of purchasers of Satyam's ADRs between January 6, 2004 through January 6, 2009. Price Waterhouse, the Indian unit of the global audit major, has been maintaining that it followed all the standard accounting principles while auditing the books of Satyam Computers. However, it also said that its auditing on Satyam could be construed invalid if the statements made by Raju in his admission letter on January 7 about the fraud were correct.
Asked about the specific damages sought in the lawsuit, law firm Vianale & Vianale LLP's counsel Keneth J Vianale said that the sum duped could be in hundreds of millions of dollars. After the scandal was revealed, trading in Satyam shares was halted by the NYSE on January 7 and the stock exchange has said that it is assessing whether the firm deserves to stay on the bourses.
'There are a lot of companies that have been struggling really hard expecting to do better year after year.' 'All these people will think now, "Let me not fight any more. Let me end this".'
An Indian-American legal professional has been appointed the Deputy Treasurer for the Policy and Programmes of Illinois, making him the highest-ranking South Asian to serve the state administration. Raja Krishnamoorthi, 34, is currently a partner specialising in commercial litigation at Kirkland and Ellis LLP, the 1,000-attorney global law firm based in Chicago. Krishnamoorthi is the first person of South Asian descent to achieve the deputy level in the Illinois government.
Born to Zerin Rao anchooling fd Jehangir Narioshang Rao, both Parsi physicians from India, Rao grew up in Michigan and did her srom Detroit High School. She is married to Alan Lefkowitz and the couple has two children.
As many as 14 central government services have already been integrated with the e-biz portal.
'Where will industry have funds when they open up?'
Trust today means more than the belief that a brands' products will work as advertised; consumers want to believe that the company truly cares for its customers.
The court ruled that an interim debt order in favour of SBI and other banks seeking access to funds in the Mallya's ICICI UK bank account "should remain in force" but the application to make it final should be adjourned until after the hearing of his pending bankruptcy petition.
Tatas have joined hands with state refiner Indian Oil and exploration firm Oil India Ltd to consider bidding for acquiring Caspian Energy Group LLP's (CEG) interest in an Azerbaijan oil field.Tata Petrodyne Ltd, a wholly-owned subsidiary of Tata Sons, has joined the IOC-OIL combine to make a bid to buy CEG's 51 per cent stake in the Shivran Oil Operating Company that runs the Kyurovdag oil field in Azerbaijan, industry sources said.
'If this first instalment of advance tax is paid by June 30, instead of June 15, then the interest on delayed payment will be levied at 0.75% per month instead of 1% per month,' notes Homi Mistry, a partner with Deloitte India.
In addition to challenges such as reining in non-performing assets (NPAs) and boosting profits, Chaudhry will have to repair the bank's reputation, build internal controls, and improve regulatory relations.
Vadra's interim protection from arrest was extended till April 1.
ONGC Videsh Ltd, overseas arm of state-run Oil and Natural Gas Corporation, is likely to bid over $300 million to buy Caspian Energy Group LLP's interest in an Azerbaijan oil field.
From 100% tax deductions for contributions to PM-CARES fund to extending the due date for linking Aadhar and PAN card, the government has provided various tax relief and extensions in deadlines for statutory compliances, says Homi Mistry.
Asian vehicle brands, including Indian, will increase their global market share significantly in the next five years as customers shift their preferences from North American and European manufacturers, according to a new survey.
The proposed move to withdraw the DDT would help encourage investments by addressing multiple taxation of income and bringing down the effective tax rate on companies, which is among the highest in the world.
ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corporation (ONGC), is getting ready to bid for an oil field in Azerbaijan.
Summary of sports events and persons who made news on Monday
Analysts believe the GST could boost India's economic growth by up to 2 percentage points
The move followed after certain startups complained about facing harassment and the taxman breathing down their neck on the angel tax issue.
PE players seal over $737 mn deals in February: Thornton.
The 'mystery' of the education business sale by Cox & Kings is part of an Enforcement Directorate investigation, which is also examining the siphoning-off of funds to the tune of Rs 21,000 crore to dozens of so-called related-parties, highlighted by the forensic auditor.
Faced with rising gas prices, consumers will opt for fuel-efficient low-cost cars and hybrids over the next five years rather than sport utility vehicles and luxury cars
