Introduced in 2012, the General Anti-Avoidance Rules, were aimed at companies routing money through tax havens such as Mauritius, but implementation was delayed after an uproar from investors who feared harassment from tax authorities.
The buyback offer saw subscription of approximately 1.47 times the maximum number of equity shares proposed to be bought back
Cyber crimes in 2016-2017: 1,372 cases. Cost: Rs 423 million.
Carrier International Mauritius Ltd and Global Investment Ltd are looking to buy over 45 lakh shares in domestic IT services firm Infotech Enterprises, for nearly Rs 162 crore (Rs1.62 billion).
The bank board had decided to launch an enquiry to be headed by an "independent and credible person", to examine and enquire into an anonymous whistle blower complaint alleging that the bank MD & CEO had not adhered to code of conduct
There are allegations of involvement of Kochhar and her family members in a loan provided to Videocon group on a quid pro quo basis.
India and the US are among the countries excluded from the list of nearly 60 low-risk countries.
WCP Mauritius Holding, an investment vehicle promoted by former World Bank president James Wolfensohn, has bought a minority stake in India's ethnic wear company Fabindia for about $11 million, a Financial Times report said.
Three suspected associates of Karti --Bhaskar Raman, Ravi Vishwanathan and Mohanan Rakesh -- are also being questioned
'Reenaji said they would be giving Rs 1.5 lakh to everyone, as the budget was very low.' 'So I blurted out, "Madam, do lakh toh hone chahiye".'
His father, P Chidambaram, said he will return after a few days.
Temasek Holdings, the Singapore government's investment arm, has sold its entire 5.26 per cent stake in healthcare major Apollo Hospitals Enterprise for Rs 133.68 crore (Rs 1.34 billion).
In 2012, India attracted $22.78 billion of FDI, according to the data by Department of Industrial Policy and Promotion.
'India is a pharma dada. We can manufacture enough for our people and for the world.'
The market regulator is seeking help from its peers in Mauritius, the UK and the US to solve the high-profile money laundering case involving Sahara chief Subrata Roy.
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
Enjoying the snow away from the Mumbai summer!
The court extended the interim protection granted to Chidambaram and his son, Karti, till December 18.
P V Sindhu and K Srikanth have been given the top billing in the respective women's and men's singles badminton competitions of the Commonwealth Games
According to the Zeitgeist charts released by the search engine giant Google Indians looked for these travel destinations in 2013.
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement.
The top posts on social media from your favourite Bollywood celebrities.
Bollywood actor and co-owner of Indian Premier League franchise Kolkata Knight Riders, Shah Rukh Khan has been summoned by the Enforcement Directorate for forex violation.
Take a dip in water with Bollywood!
The bilateral talks took place as the formal heads of government meeting got underway in London on Thursday, following a formal launch by Queen Elizabeth II at Buckingham Palace.
Senior Congress leader P Chidambaram's son Karti's name has also cropped up in the case
Real estate development on Mumbai airport land and the work on Navi Mumbai airport have been inordinately delayed, which have prompted rating downgrades and raised questions on its financial capabilities. It is also trying to stave off Adani group's entry as a shareholder in the Mumbai airport project.
'In our country, Hindus and Muslims live like brothers,' says the Mauritius Vice President in an exclusive interview.
Efforts to initiate a double taxation avoidance agreement with Singapore has hit a roadblock. This is because of Singapore's reluctance to include an information-sharing clause in the agreement.
L&T-Infrastructure Development Projects Limited will divest 21.6 per cent stake to Silver Peak Investments (Mauritius) and an India Development Fund-led consortium for Rs 550 crore.
Face Rs 1,000-cr minimum alternate tax demand
The probe agency found irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank to the travel firm.
Hailing the Supreme Court verdict on tax exemption to Mauritius-based companies, the finance ministry said on Wednesday that it would help in higher inflow from foreign institutional investors.
Medals tally of the 2018 Commonwealth Games in Gold Coast.
Whatever the critics may say, the numbers suggest that India continues to be a favourite destination for foreign investors.
Check out India's schedule on Day 3 of Commonwealth Games.
As part of its vision to become a multinational corporation, State Bank of India is now scouting for more banks in South Asia and Africa while steadily consolidating its seven associate banks.
