News for 'Mauritius'

Priya-Prateik's Beach Honeymoon

Priya-Prateik's Beach Honeymoon

Rediff.com23 Apr 2025

Priya Banerjee and Prateik Smita Patil, who got married on Valentine's Day, are still honeymooning!

What are India's free trade agreements?

What are India's free trade agreements?

Rediff.com6 May 2025

India finalised a free trade agreement with the UK, its 16th so far as the country aimed at boosting bilateral trade and investments. The other regions and countries with which India has signed such agreements include the four-nation European bloc EFTA, Japan, Korea and Australia.

Sitharaman has a message for the fintechs

Sitharaman has a message for the fintechs

Rediff.com19 Jun 2025

Finance Minister Nirmala Sitharaman on Wednesday asked fintech startups to come out with solutions to deal with the rising incidence of digital arrests, cheating by fly-by-night operators, and other kinds of cyber frauds. Speaking at the Digital Payments Awards 2025 ceremony here, the minister credited fintechs with helping speed up financial inclusion and taking the payment system to even the far-flung areas of the country.

Exports fall 2.17% in May; trade deficit narrows

Exports fall 2.17% in May; trade deficit narrows

Rediff.com16 Jun 2025

After registering a positive growth for two months, India's exports slipped into negative territory again, contracting 2.17 per cent year-on-year to $38.73 billion in May due to a fall in global petroleum prices, while trade deficit narrowed at $21.88 billion during the month.

India STUNS Miss World Contestants

India STUNS Miss World Contestants

Rediff.com17 May 2025

'It's the first time in my life that I've met people who are so kind and generous.'

Global condolences pour in after Ahmedabad plane crash

Global condolences pour in after Ahmedabad plane crash

Rediff.com13 Jun 2025

UN chief Antonio Guterres, US President Donald Trump, his Russian counterpart Vladimir Putin and Canadian Prime Minister Mark Carney were among scores of world leaders who offered condolences to the people of India in wake of the tragic plane crash in Ahmedabad on Thursday.

2 Women, 1 Boat & A Journey Around The World

2 Women, 1 Boat & A Journey Around The World

Rediff.com2 Jun 2025

'The Pacific crossing was the longest and toughest leg.' 'Temperatures dropped near zero and they navigated through two cyclones.'

IndusInd Bank appoints firm to probe accounting discrepancies

IndusInd Bank appoints firm to probe accounting discrepancies

Rediff.com21 Mar 2025

IndusInd Bank has appointed a professional firm to conduct investigation for identifying the root cause of accounting discrepancies relating to its derivatives portfolio. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the Bank's net worth.

RBI Forex Intervention Hits Highest In 17 Years

RBI Forex Intervention Hits Highest In 17 Years

Rediff.com23 May 2025

In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.

PwC may submit report on IndusInd Bank on Friday

PwC may submit report on IndusInd Bank on Friday

Rediff.com25 Mar 2025

External auditor PwC is likely to submit its report to IndusInd Bank's board on Friday regarding accounting discrepancies in its derivatives portfolio, sources said. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth.

Where Will You Travel This Summer?

Where Will You Travel This Summer?

Rediff.com25 Mar 2025

During this summer, Indian travel buffs are opting for destinations that provide an escape from the ominous heat, along with coastal regions within the country and countries offering visa-free travel.

Mehul Choksi detained in Belgium on India's extradition request

Mehul Choksi detained in Belgium on India's extradition request

Rediff.com14 Apr 2025

Absconding diamond jeweller Mehul Choksi has been detained in Belgium following an extradition request by Indian probe agencies for his alleged involvement in the Rs 13,000 crore PNB bank loan 'fraud' case, official sources said Monday. The action against the diamantaire was taken on Saturday.

FDI drops 5.6% to $10.9 bn in Oct-Dec 2024

FDI drops 5.6% to $10.9 bn in Oct-Dec 2024

Rediff.com3 Mar 2025

Foreign direct investment in India dipped by 5.6 per cent year-on-year to $10.9 billion in October-December quarter of this fiscal due to global economic uncertainties, according to the government data. FDI inflows during October-December 2023-24 stood at $11.55 billion.

Revealed: How much PM Modi's foreign trips cost

Revealed: How much PM Modi's foreign trips cost

Rediff.com21 Mar 2025

Nearly Rs 258 crore was incurred on 38 foreign visits of Prime Minister Narendra Modi between May 2022 and December 2024, according to data shared by the government.

IIHL completes acquisition of Reliance Capital

IIHL completes acquisition of Reliance Capital

Rediff.com18 Mar 2025

IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday.

Full List of Countries Hit With Trump's 'Reciprocal' Tariffs

Full List of Countries Hit With Trump's 'Reciprocal' Tariffs

Rediff.com3 Apr 2025

Here is the complete list of tariffs imposed by US President Donald Trump on Wednesday.

Rajan questions Sebi inaction on Mauritius funds trading in Adani stocks

Rajan questions Sebi inaction on Mauritius funds trading in Adani stocks

Rediff.com5 Mar 2023

Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their $6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? The funds -- Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund -- have been under cloud for last couple of years after allegations that they may be shell companies. They came into focus once again in January when a US short seller alleged that Adani Group used offshore shell companies to inflate stock price.

ED searches Soros' funding agency, investment arm in Bengaluru

ED searches Soros' funding agency, investment arm in Bengaluru

Rediff.com18 Mar 2025

Soros, a Hungarian-American political activist, and his organisations like OSF have been accused by the ruling BJP of acting against India's interests. His utterances during the Adani-Hindenburg controversy also drew criticism from the party.

'Indian football has gone backwards': Coach slams team

'Indian football has gone backwards': Coach slams team

Rediff.com26 Mar 2025

India head coach Manolo Marquez expressed his disappointment and anger following the 0-0 draw against Bangladesh in the AFC Asian Cup qualifying round match, stating that his team has taken- two or three steps back, since his first match in charge last year.

Sangam water fit for drinking: Yogi refutes CPCB report

Sangam water fit for drinking: Yogi refutes CPCB report

Rediff.com19 Feb 2025

Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday dismissed concerns regarding faecal contamination in the waters at Triveni Sangam, stating that continuous monitoring and purification processes ensure its quality.

3 Cheers For These Navy Lady Officers!

3 Cheers For These Navy Lady Officers!

Rediff.com19 Feb 2025

Lieutenant Commanders Dilna K and Roopa A have successfully crossed the most dangerous passage in their historic 8-month sailing expedition around the globe.

A non-sanatani was made Kumbh in-charge: Yogi slams SP

A non-sanatani was made Kumbh in-charge: Yogi slams SP

Rediff.com24 Feb 2025

Uttar Pradesh Chief Minister Yogi Adityanath slammed the opposition Samajwadi Party over the 2013 Kumbh Mela arrangements, accusing the then chief minister Akhilesh Yadav of appointing a "non-Sanatani " as the in-charge of the religious congregation in Prayagraj. Adityanath highlighted the presence of dignitaries, including the President, Prime Minister, and heads of state from 74 countries, at the recent Maha Kumbh, contrasting it with the "chaos, corruption, and pollution " of the 2013 event. He also criticized the opposition's criticisms of the Maha Kumbh arrangements, arguing that everyone found something in accordance with their nature and character. Adityanath refuted allegations of discrimination against any community at the Maha Kumbh, emphasizing the unity and inclusivity of the event.

Tributes pour in for Dr Singh from across the globe

Tributes pour in for Dr Singh from across the globe

Rediff.com27 Dec 2024

Condolences have poured in from across the globe, including from the United States, Canada and Sri Lanka following the demise of former Prime Minister Manmohan Singh.

Crackdown On Illegal Travel Agents Begins

Crackdown On Illegal Travel Agents Begins

Rediff.com8 Feb 2025

Enforcement Directorate officials said on Friday they are probing a 'complex network' of agents and facilitators in India, Canada and the US who help Indians illegally enter the US via 'bogus' admissions in Canadian colleges.

'Determination Not To Bend Before Aurangzeb'

'Determination Not To Bend Before Aurangzeb'

Rediff.com11 Mar 2025

'...despite all his horses, elephants, tanks and swords.' 'A determination to hold fast to Sambhaji Maharaj's father, Chhatrapati Shivaji Maharaj's thoughts, ideals, and principles.'

'There is no tactical awareness, no hunger. We play s**t'

'There is no tactical awareness, no hunger. We play s**t'

Rediff.com4 Sep 2024

Marquez had only two training sessions with the team before naming a 26-member squad featuring new and returning players as India adapts to life after Sunil Chhetri's retirement.

FDI inflows in India cross $1 trillion

FDI inflows in India cross $1 trillion

Rediff.com8 Dec 2024

Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at $1,033.40 billion during the said period.

Acted swiftly to control situation after Kumbh stampede: Adityanath

Acted swiftly to control situation after Kumbh stampede: Adityanath

Rediff.com3 Mar 2025

Uttar Pradesh Chief Minister Yogi Adityanath highlighted the successful execution of the Maha Kumbh 2025, emphasizing effective crisis management, economic benefits, and the event's role in national unity and infrastructure development. He cited the swift response to a stampede on January 29 and the extensive preparations that ensured a smooth experience for millions of pilgrims.

Bonus stripping: Foreign portfolio investors from Mauritius feel the pinch

Bonus stripping: Foreign portfolio investors from Mauritius feel the pinch

Rediff.com10 Feb 2022

Foreign portfolio investors (FPIs) who invest from Mauritius into Indian companies that dole out bonus debentures will get impacted by the tax avoidance provisions on bonus stripping. The FY23 Budget has extended these provisions - applicable only to MFs, so far - to shares and units of REITs, InvITs and AIFs. The move will especially affect large institutional investors who sell original units within nine months after the record date because the loss arising from sale of original units would have to be ignored for the purposes of computing taxable income and cannot be set off against any other capital gain.

'Everything I Have Ever Loved Is In The Water'

'Everything I Have Ever Loved Is In The Water'

Rediff.com13 Feb 2025

The only family Meghana lived with after losing her parents and brother in the tsunami was her dog, Alex. When Alex died after 13 years, she took her ashes to where her own family lay under the ocean. "I wanted her to join the rest of my family and that is one of the best things I have done."

Cabinet nod for trade pact with Mauritius covering 310 items

Cabinet nod for trade pact with Mauritius covering 310 items

Rediff.com17 Feb 2021

The Union Cabinet on Wednesday approved the signing of a comprehensive economic cooperation agreement, a kind of a free trade pact, between India and Mauritius which is aimed at liberalising norms to boost two-way commerce

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Rediff.com1 Aug 2024

Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount. IIHL has also filed an application with the Mumbai Bench of the National Company Law Tribunal (NCLT), seeking directions for the administrator and the committee of creditors (CoC) to complete all pending activities to close the transaction and not let the lenders invoke the bank guarantees provided by the firm earlier.

How IMD became global weather leader in 150 years

How IMD became global weather leader in 150 years

Rediff.com13 Jan 2025

From a few rain gauges in 1875 to rivalling the world's best weather agencies, the India Meteorological Department (IMD) has weathered its way to becoming a global leader in forecasting.

Mauritius' plans to exit 'grey list' hits COVID roadblock

Mauritius' plans to exit 'grey list' hits COVID roadblock

Rediff.com19 Jun 2020

The country was, in February, put on the list of jurisdictions that require increased monitoring. These are done to counter money-laundering, terrorist financing, and proliferation financing in a more efficient manner.

Why RBI said no to NBFCs with funds from Mauritius

Why RBI said no to NBFCs with funds from Mauritius

Rediff.com29 May 2020

The RBI is of the view that it cannot carry out satisfactory due diligence for granting registration because the funding is from a jurisdiction that has been identified by FATF as having weak measures to combat money laundering and terrorist financing.

India-focused funds may soon get fast approval from Mauritius

India-focused funds may soon get fast approval from Mauritius

Rediff.com7 Oct 2020

Market observers also said the approvals depended a lot on the funds themselves, and the extent to which they followed the new norms introduced last year.

In boost for investment, Mauritius FPIs get category-I status

In boost for investment, Mauritius FPIs get category-I status

Rediff.com14 Apr 2020

Being part of category-I implies lower compliance burden, simplified know-your-customer norms and documentation requirements, and fewer investment restrictions.

Where Will Sobhita And Chay Honeymoon?

Where Will Sobhita And Chay Honeymoon?

Rediff.com3 Dec 2024

Fans are speculating about their honeymoon destination but which place will Sobhita Dhulipala and Naga Chaitanya zero in on for their romantic getaway? Akkineni are tying the knot and has everyone excited.

How Meghana Found The Man Who Rescued Her

How Meghana Found The Man Who Rescued Her

Rediff.com5 Feb 2025

Megahna Rajsekhar survived the tsunami and was rescued by an unknown tribal man. 14 years later she tracked him down to say thank you.

Adani-Hindenburg row: Swiss authorities freeze $310 mn in fund

Adani-Hindenburg row: Swiss authorities freeze $310 mn in fund

Rediff.com13 Sep 2024

Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of money laundering allegations into Adani Group, US-based short seller Hindenburg Research claimed citing media report - a charge that the conglomerate vehemently denied. In a post on X, Hindenburg cited "newly released Swiss criminal records reported by Swiss media outlet" to state that "Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani, dating back as early as 2021."