Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut
The government on Friday said there was no proposal to bring amnesty scheme for declaring undisclosed income.
'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.'
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.
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
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.
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.
India's boxers are remembered only during a big event, says Olympics medal hope Akhil Kumar. 'Before and after that no one cares.'
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.
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.
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.
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.
"You can change friends but not neighbours," Atal Bihari Vajpayee famously said this 15 years ago.
Angola and Kenya were eliminated from the 2010 World Cup finals after failing to make the cut in the African qualifiers.
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.
In a major consolidation in the domestic IT industry, MindTree, a listed IT services company, will acquire Aztecsoft, another listed outsourcing product development firm. MindTree, which has bought four companies in the last eight years, will acquire 32.57 per cent stake in Aztecsoft from e4e Holdings, Mauritius, in an all cash deal for around Rs 117 crore (Rs 1.17 billion).
Last year, the London-headquartered bank had bought a 49 per cent stake in UTI Securities from the Securities Trading Corporation of India for Rs 147 crore. The bank retains the option to raise the stake to 74 per cent this year and the remaining shares by 2010.
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.
The government on Wednesday approved ten foreign direct investment proposals with a total inflow of Rs 2,339 crore (Rs 23.39 billion), including investment banker Morgan Stanley's plan to pump in Rs 1,894 crore (Rs 18.94 billion) in the country.
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%.
Hyderabad-based ICSA (India) is divesting 14 per cent of its stake to Citigroup Venture Capital International Growth Partnership Mauritius for $30 million
Several airlines in Vancouver are planning to operate to more Indian destinations, subject to bilateral air traffic rights and their respective fleet strengths.
A livid Mary Kom asked her vanquished opponent Nikhat Zareen to prove herself in the ring instead of making irritating comments.
India's incredible hospitality and heritage has attracted global attention with the country's leading hotel chain, Oberoi Hotels and Resorts grabbing a position among the world's top 10, according to a latest survey.
These investments from strategic international partners would provide Indian commodity markets and MCX access to global know how and technology making them more efficient, competitive and transparent institutions globally.
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.
The largest private sector lender is also looking to open a full-fledged branch in China, where it already has a representative office, managing director and CEO, Chanda Kochhar said during the bank's 19th annual general meeting in Vadodara.
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.
'So many things opened up for me after I did the show.'
This Diwali, Rakesh Mehta, a senior sales and marketing employee with an IT firm, will celebrate in Australia with his family. Mehta, is one of the top performers of his company and has been rewarded with this 'Diwali Gift'. Other top performers from his company will celebrate their Diwali in New Zealand and Mauritius. In fact, a lot of IT, BPO, pharma companies and banks are rewarding their employees for good performance by sending them to exotic locations.
The Indian companies, however, invested a much lower $1.59 billion in overseas markets in the previous month May 2014.
The income tax (I-T) department in Mumbai has requested Vodafone to make an application to the assessing officer for determining the exact tax liability resulting from buying out 62 per cent equity stake from Hutchison in Hutchison Essar Ltd.
Overall foreign inflows into the country grew by 8 per cent to $ 24.29 in the last fiscal as against $ 22.42 billion in 2012-13.
In January 2014, the country had received $2.18 billion FDI.
The country's largest marketer of petroleum products is facing troubles in Sri Lanka, one of the two overseas markets where it sells fuel through its fully owned subsidiary, Lanka IOC. The other country is Mauritius.
The Pride Group of Hotels will float an initial public offering in the first quarter of 2008 to part-fund its expansion plans of Rs 340 crore.
