Acting on a Central Bureau of Investigation's plea, a special CBI court has issued judicial requests to four countries seeking details of the money trail in the Aircel-Maxis deal, in which former telecom minister Dayanidhi Maran is an accused. The Letters Rogatory to the United Kingdom, Bermuda, Malaysia and Mauritius were issued by a Patiala House court last week in the case. The CBI has alleged that Maran had received Rs 547 crore as kickbacks.
Confusion over India's new tax rules, slow rate cuts, and a weakening rupee could create a stock-picking environment.
Hong Kong has the highest level of economic freedom worldwide
India cannot choose its geography and devise regional strategies to dovetail into the Western Indian Ocean hypothesis conceived in the Pentagon, argues Ambassador M K Bhadrakumar.
India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, Switzerland, Lichtenstein, British Virgin islands etc.
On Tuesday, the rupee lost 9 paise to close at 66.67 against the US dollar.
The rupee slid as low as 53.84 per dollar, the weakest since December 15, lifting the cost of imported oil, fueling inflation and reduce scope to cut interest rates.
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It was the first-ever Indian circumnavigation of the globe by an all-women crew, the Navy said.
Acquisition is expected to be completed by mid-December.
The five-day exercise will see the participation of Seychelles and Mauritius for the first time in the event where nine countries, including India, will field their warships, Navy officials said in New Delhi.
In a filing to the BSE, Maruti Suzuki India said HSBC Global Investments Fund Mauritius Ltd had sold 1,99,198 shares in the open market on June 29.
As China tries to gain a foothold in the Indian Ocean region, Prime Minister Narendra Modi on Thursday said India recognised that there are other nations around the world, with strong interests and stakes in the region.
There is much more that the government can do to track money hidden abroad.
The ED had filed the first chargesheet in the case against Chidambaram's son Karti; later, a supplementary chargesheet was also filed against him.
UK-based travel services provider Thomas Cook Group plc will sell for Rs 817.4 crore (Rs 8.17 billion) its entire 77 per cent holding in the Indian arm to Fairbridge Capital (Mauritius) Ltd, a subsidiary of Fairfax Financial Holdings.
She said during Question Hour in Rajya Sabha that Bharatiya Janata Party got a massive mandate on the basis of its election manifesto which opposes FDI in multi-brand retail.
The Khatron Ke Khiladi contestant mixes business with pleasure!
The noose around the neck of mining baron and former Karnataka minister Gali Janardhan Reddy appears to be getting tighter with the Central Bureau of Investigation now deciding to probe the foreign funds that he has reportedly parked in tax havens abroad.
Built in 1974, the building could fetch anywhere between Rs 1,000 crore to Rs 1,500 crore, based on current real estate prices
Over the last few days, as the fortunes of Thomas Cook Plc took a wrong turn, the Indian entity scrambled to distance itself from its erstwhile parent. Experts have said that the travel firm must not change its brand name.
The Foreign Investment Promotion Board (FIPB) has rejected a proposal by Mauritius-based Axiata Investments 2 India Ltd, part of Asian telecom giant Axiata Group, to increase its stake in Idea Cellular by acquiring shares from the stock exchange.
The investment to the country from India, which has been at the top of the 2009-10 list of the destinations to which Indian investment is flowing, was $3798.5 million.
Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.
The CBI and the ED said that new material has been recovered which needs to be collated.
The top posts on social media from your favourite Bollywood celebrities.
According to rescue officer Phil Gaden in Australia, Tomy had a severely injured back.
The regulator last week reached out to custodians for beneficial ownership information of investors coming from China, Hong Kong, and 11 other countries.
"Opposition parties hoping that I would quit would be disappointed," Yeddyurappa told media persons at the Bangalore Airport, on arrival from Mauritius, where he was on a six-day holiday with his family
'People should stop judging other people on the basis of their weight or how they look because I don't think being a certain body type is as bad as being evil or cunning. We have bigger issues in life to look after and correct.' Zareen Khan and Gautam Rode get intimate in Aksar 2.
Owing to the soon-to-be released Lokayukta report, political tensions are at an all time high in Karnataka. Leaked portions from the report have suggested that Karnataka Chief Minister B S Yeddyurappa has a mention in that report, which has given the opposition the required ammunition to start firing at him once again.
Short trips can be made to interesting places at 15-20 per cent lower prices.
MAT has damaged investor confidence
This follows an investigation into alleged violations of foreign exchange rules involving foreign direct investment of Rs 85 crore and Rs 140 crore by JP Morgan India and Amrapali Group firms.
The Central Bureau of Investigation will soon send a formal request to Switzerland to help the agency in tracking down the alleged money trail of Swan Telecom, a company chargesheeted in the allocation of 2G spectrum.
'There was no need for opting for such an elaborately and expensively organised spectacle,' says B S Raghavan, the distinguished civil servant.
An embattled Karnataka Chief Minister B S Yeddyurappa is expected to return to Bengaluru on Monday from a week-long Mauritius holiday with family amid debate in the party on his future in the wake of Lokayukta's damning indictment on the mining scam.
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Last week, Essar had decided to prepay $900 million of this debt to foreign lenders.
