Max India Ltd plans to acquire 49 per cent shares of Cosmat Max held by Cosmat Investments Inc, Mauritius.
Global financial major Citigroup on Wednesday offloaded shares of 22 domestic companies, including 17 Sensex stocks like Reliance Industries and ICICI Bank, in block deals valued at Rs 231.42 crore (Rs 2.31 billion).
Meanwhile, Bird Air Services Pvt Ltd., a wholly-owned subsidiary of Bird Group, signed a comprehensive marketing agreement with Pacific Propeller Intl, a global repair and overhaul services provider to several regional airlines and military aircrafts.
They said Rajeev Shamsher Bahadur Saxena wanted in the Rs 3,600 crore AgustaWestland VVIP choppers money laundering case and lobbyist Deepak Talwar wanted by the Enforcement Directorate and the Central Bureau of Investigation in a case of misusing over Rs 90 crore taken through the foreign funding route, were brought in a special plane to Delhi around 1:30 am.
Rajiv Saxena, an accused in AgustaWestland chopper deal scam, was extradited from Dubai, UAE, to India .
Thirteen individuals from the Indian Diaspora have been conferred with the Pravasi Bharatiya Samman at the seventh edition of the Pravasi Bharatiya Divas, underway in Chennai
Over 100 questions on various aspects of the case were drafted by investigators which were put to 45-year-old Karti.
This would allow Japanese companies to invest directly in India, rather than the current norm of coming through Singapore and Mauritius.
Australia's skipper Meg Lanning bagged the 'Leadership Legend' award. She led her side successfully in all formats of the game.
It is welcome that the government tried to make its intentions clear last week - especially as risk concerns return to global markets.
The apex court told Roy that his proposal of paying Rs 1,500 crore, if the auction process was halted or postponed, was unbelievable.
A summary of sports events and sports persons, who made news on Friday
Reinterpreting long-established tax treaty provisions by the tax authorities creates confusion and has to be avoided as it affects investment into India.
Agneepath, Hum and Khuda Gawah are a testament to the Bachchan-Mukul Anand actor-director chemistry. Of the three, Hum is a natural crowd-pleaser, says Sukanya Verma.
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.
The 22-year-old golfer is the fifth and the youngest Indian to win the Asian Tour Order of Merit.
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.
The issue dates back many years when the actor and others proposed bringing Sony TV channel to India.
Two organisations tracking tax violations and money laundering worldwide identify totally different sets of countries for lack of financial transparency.
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.
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.
The Foreign Investment Promotion Board seems to have laid to rest the controversy surrounding FDI investments routed via Mauritius.
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.
It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions.
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.
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).
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'.
Demand on capital gains on Idea share sale by Mauritius subsidiary; Fema and telecom regulation violations also alleged
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.
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.
Police are yet to contact banks whose credit cards are said to have been found from terrorists who carried out brazen attacks on Mumbai.
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).
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.
