The issue dates back many years when the actor and others proposed bringing Sony TV channel to India.
ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.
It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions.
Reinterpreting long-established tax treaty provisions by the tax authorities creates confusion and has to be avoided as it affects investment into India.
The Enforcement Directorate (ED) has sought legal assistance from Singapore and Mauritius to take forward its probe in the alleged financial irregularities in the Indian Premier League tournament (IPL) and its former chairman Lalit Modi.
Foreign fund house Citigroup Global Markets Mauritius on Tuesday bought 0.97 per cent stake in Tata Motors for Rs 350.13 crore (Rs 3.50 billion) through open market transaction -- as part of the 5.34 per cent residual stake that Dailmer sold in the country's largest automaker.
Two organisations tracking tax violations and money laundering worldwide identify totally different sets of countries for lack of financial transparency.
The Enforcement Directorate has registered a money laundering case against Karti Chidambaram, son of former finance minister P Chidambaram, and others, taking cognisance of a recent CBI FIR against them.
State-run MTNL has put its overseas acquisitions plans on the backburner for the time being as it decides to focus on improving its marketshare in Delhi and Mumbai--the only places where it operates.
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.
The Foreign Investment Promotion Board seems to have laid to rest the controversy surrounding FDI investments routed via Mauritius.
'All of our lives are going to be changed in a permanent way...' 'We just have to ride out the tide right now and we will see a rainbow at the end of this.'
Officials said the agency seized a number of documents during the searches from the premises of the firms and entities brought under the action as they were 'connected'.
Veteran cueist Geet Sethi survived a scare against Malta's Simon Zammit, while Pankaj Advani had a field day against Moosa Saleem of Mauritius on the second day of the ONGC-World Snooker Championship in Hyderabad on Monday.
VDS schemes in the past offered amnesty to people declaring black money and paying tax. This policy has been criticised as it amounted to penalising honest tax payers by asking them to pay tax at higher rates.
The second charge sheet may highlight some more financial transaction made by Raju and some of his associates.
What must be worrying the mandarins in the North Block is that the reply of the finance ministry completely contradicts the decision of the SAT in the Goldman Sachs case. Surely we are in for interesting political times.
The Foreign Investment Promotion Board (FIPB) has cleared global hospitality major Hyatt group's proposal to set up 'Hyatt Place' hotels in the country in a joint venture with realty firm Emaar MGF, with an investment of about Rs 125-150 crore (Rs 1.25-1.5 billion).
In 2011-12, 2010-11 and 2009-10, the sector attracted FDI worth $1.99 billion, $1.66 billion and $2.55 billion respectively.
Foreign direct investment (FDI) in India almost doubled to $2.16 billion in December 2014, compared to $1.10 billion in the same month of 2013.
Demand on capital gains on Idea share sale by Mauritius subsidiary; Fema and telecom regulation violations also alleged
Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut
In a grand ceremony with overtones of a United States presidential inauguration, heads of state and government, India Inc honchos, opposition leaders, Bharatiya Janata Party members and showbiz stars rubbed shoulders as they watched President Ram Nath Kovind administer the oath of office to India's 58 new ministers.
"You can change friends but not neighbours," Atal Bihari Vajpayee famously said this 15 years ago.
Describing 'Ramcharitmanas' as a great work which imbibes the "essence of India", Prime Minister Narendra Modi on Monday released the digital version of a musical production on the epic recorded by All India Radio.
Police are yet to contact banks whose credit cards are said to have been found from terrorists who carried out brazen attacks on Mumbai.
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
A livid Mary Kom asked her vanquished opponent Nikhat Zareen to prove herself in the ring instead of making irritating comments.
The government on Friday said there was no proposal to bring amnesty scheme for declaring undisclosed income.
Britain has become the biggest foreign investor in India with an investment of 560 million, according to a report on investment flows by the Commonwealth Business Council (CBC).
Aditya Birla group firm Idea Cellular on Monday made an open offer to the shareholders of Spice Communications for acquiring additional 20 per cent stake in the telecom services provider for about Rs 1,066.63 crore (Rs 10.66 billion).
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
'So many things opened up for me after I did the show.'
Gulf carrier Emirates on Wednesday announced special fares for honeymooners from India, offering an up to 20 per cent discount on both business and economy class travel, to select destinations, including London and Paris.
India is 'patiently' awaiting Pakistan Prime Minister Nawaz Sharif's response to the invitation for swearing in of Narendra Modi as 'short duration bilateral meetings' are being set up with all the other South Asian Association for Regional Cooperation leaders, who have decided to attend the ceremony on May 26.
Mauritius singled out India for being the fit candidate to become a permanent member while calling for expansion of the 15-member Council which currently has five permanent members -- the US, Britain, Russia, France and China -- and ten non-permanent ones who are elected by the 192-member General Assembly for a two-year term.
A company spokesperson said the operations in Queensland were small and not expected to make any significant impact in the company's performance.
Essar group-owned Aegis BPO on Monday said it will acquire Philippines-based BPO, PeopleSupport, for $250 million (around Rs 1,050 crore) in an all-cash deal.
OVL, the overseas arm of state-run explorer Oil & Natural Gas Corporation, and Oil India Limited agreed in June last year to jointly buy Videocon's 10 per cent interest in the Rovuma Area 1 for $2.475 billion.
