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.
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.
The second charge sheet may highlight some more financial transaction made by Raju and some of his associates.
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.
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.
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.
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.
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).
A livid Mary Kom asked her vanquished opponent Nikhat Zareen to prove herself in the ring instead of making irritating comments.
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%.
"You can change friends but not neighbours," Atal Bihari Vajpayee famously said this 15 years ago.
'So many things opened up for me after I did the show.'
Demand on capital gains on Idea share sale by Mauritius subsidiary; Fema and telecom regulation violations also alleged
Military sources said the research ship Shi Yan 1 forayed into Indian waters in September but was forced to retreat after it was suspected to be involved in spying.
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.
The government on Friday said there was no proposal to bring amnesty scheme for declaring undisclosed income.
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
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).
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.
In his petition, Karti contended that the July 18 circular had been issued arbitrarily and without jurisdiction by the Foreigner Regional Registration Officer and The Bureau of Immigration under the Union home ministry at the behest of different agencies to prevent him from travelling abroad.
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.
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.
An international tribunal has ruled that the Indian government had acted "unfairly" and "inequitably" in annulling a contract between Devas and ISRO's commercial arm Antrix.
Reserve Bank of India governor Y V Reddy defended his decision to keep the rates unchanged by saying that all stakeholders should pay an uncertainty premia during uncertain times.
India's boxers are remembered only during a big event, says Olympics medal hope Akhil Kumar. 'Before and after that no one cares.'
The Centre on Thursday cleared 14 Foreign Direct Investment proposals worth Rs 1,257 crore, including those of Mauritius-based Essar Telecom Holdings Ltd and US-based Goldman Sachs Asset Management. The proposals include induction of foreign equity worth Rs 500 crore by Essar Telecom Holdings and Rs 200 crore from GSAM. The investment proposals were cleared by Finance Minister P Chidambaram on the recommendations of the Foreign Investment Promotion Board.
The Delhi High Court on Thursday allowed the plea of controversial godman Chandraswami alias Nemi Chand Jain, who is facing prosecution in twelve Foreign Exchange Regulation Act cases, to travel abroad. A bench of Justice Sanjay Kishan Kaul dismissed the Enforcement Directorate's plea that the accused, if permitted to go abroad, may not come back to face trial in the country. Allowing Chandraswami's plea to visit the United Kingdom, United Arab Emirates and Mauritius.
Angola and Kenya were eliminated from the 2010 World Cup finals after failing to make the cut in the African qualifiers.
Mary will be up against fellow Indian and Asian Championships bronze medallist Nikhat Zareen in a blockbuster semi-final as the duo confirmed two medals for India.
The recipients of the Pravasi Bharatiya Samman Award, presented by President Prathibha Patil at the valedictory function of the 6 th Pravasi Bharatiya Divas, at Vigyna Bhavan in New Delhi on Tuesday.
In a rare order, the Securities Appellate Tribunal on Thursday asked the Securities and Exchange Board of India to bear the costs amounting to Rs 100,000 in a case involving Goldman Sachs. A division bench of Justice N K Sodhi, Arun Bhargava and Utpal Bhattacharya imposed the penalty on the capital market regulator and set aside the adjudication order of September 8, 2006.
The Nifty flirted around 4,000. Volumes high considering that most firangis are still in Mauritius, or wherever, recovering from hangovers.
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