News for 'Office of Foreign Assets Control'

Tech Savvy IS chief recruiter in India named global terrorist by US

Tech Savvy IS chief recruiter in India named global terrorist by US

Rediff.com16 Jun 2017

This is for the first time that the US has slammed sanctions against an ISIS leader in India.

Senior Navy officer to face court martial for fire in INS Sindhuratna

Senior Navy officer to face court martial for fire in INS Sindhuratna

Rediff.com30 Jan 2015

The commanding Officer of INS Sindhuratna will face court martial while 6 other officers were issued letters of "severe displeasure" after being found guilty for the fire onboard the submarine last year, which led to the resignation of then Navy chief Admiral D K Joshi.

Don't cite US abortion verdict, we've gone ahead, SC tells govt

Don't cite US abortion verdict, we've gone ahead, SC tells govt

Rediff.com27 Apr 2023

The Centre referred to the controversial judgement of the US Supreme Court in the Dobbs case in support of its contention that the judiciary should not venture into the domain of the legislature.

US slaps sanctions against Pakistan-based terrorists

US slaps sanctions against Pakistan-based terrorists

Rediff.com8 Feb 2018

The Trump Administration called on the Pakistani government to deny sanctuaries to 'dangerous' individuals and organisations.

'The agenda is 'insurance for all by 2047''

'The agenda is 'insurance for all by 2047''

Rediff.com31 Dec 2023

'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'

'Market volatility may continue in 2022'

'Market volatility may continue in 2022'

Rediff.com5 Jan 2022

'In 2022, active management, long-short strategies, multi-asset strategies, and asset allocation strategies need to be considered to meet long-term investment goals.'

UN names Hafiz Saeed's brother-in-law as 'global terrorist'

UN names Hafiz Saeed's brother-in-law as 'global terrorist'

Rediff.com17 Jan 2023

Makki and other LeT/JUD operatives "have been involved in raising funds, recruiting and radicalising youth to violence and planning attacks in India, particularly in Jammu and Kashmir (J&K)," the sanctions committee said, providing a statement for the reasons of Makki's listing.

E-commerce draft policy plugs gifting loophole for foreign sites

E-commerce draft policy plugs gifting loophole for foreign sites

Rediff.com5 Mar 2019

Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.

FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October

FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October

Rediff.com9 Nov 2022

Foreign portfolio investors (FPIs) turned net buyers in October after being net sellers in the previous month. In October, FPIs bought shares worth nearly Rs 8,430 crore ($1 billion) against net selling of Rs 13,405 crore ($1.6 billion) in September. Positive flows during three of the previous four months have pushed the domestic markets towards fresh all-time highs. At present, the Sensex and Nifty are less than 2 per cent shy of breaching record highs logged in October 2021. A rally in equity markets in the US and Europe is in hopes that the Federal Reserve may go soft on rate hikes after its November meeting.

US slaps new sanctions on Iran after missile test

US slaps new sanctions on Iran after missile test

Rediff.com3 Feb 2017

The ballistic missile launch was the first by Iran since Trump became President.

Conditions not ripe for fuller rupee convertibility: RBI official

Conditions not ripe for fuller rupee convertibility: RBI official

Rediff.com19 May 2015

A freely convertible country must have sound macroeconomic policies.

Pakistan EC disqualifies former PM Imran Khan for 5 years

Pakistan EC disqualifies former PM Imran Khan for 5 years

Rediff.com21 Oct 2022

Pakistan's Election Commission on Friday disqualified former prime minister Imran Khan for five years in the Toshakhana case for hiding proceeds from the sale of gifts he received from foreign leaders.

'Stock market was being sold false narrative for past few months'

'Stock market was being sold false narrative for past few months'

Rediff.com21 Apr 2022

'Thankfully, most investors in India have now seen through this false narrative and are once again deploying their hard-earned money.

LeT's student wing branded as terror outfit

LeT's student wing branded as terror outfit

Rediff.com28 Dec 2016

Tightening the noose around Lashkar-e-Tayiba, the United States on Wednesday designated the Pakistan-based terror group's student wing Al-Muhammadia Students a terrorist organisation and slapped sanctions against its two top leaders.

Russia's Rosneft-led group acquires Essar Oil for nearly Rs 88,000 crore

Russia's Rosneft-led group acquires Essar Oil for nearly Rs 88,000 crore

Rediff.com15 Oct 2016

Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps, while Netherlands-based Trafigura Group Pte, one of the world's biggest commodity trading companies, and Russian investment fund United Capital Partners split another 49 per cent equity equally.

'Foreign funds are unlikely to exit India'

'Foreign funds are unlikely to exit India'

Rediff.com25 Jun 2013

Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.

Rogue ARCs must be punished

Rogue ARCs must be punished

Rediff.com6 Jan 2022

Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.

Shehbaz Sharif sworn-in as Pak PM

Shehbaz Sharif sworn-in as Pak PM

Rediff.com11 Apr 2022

Shehbaz, the younger brother of former three-time prime minister Nawaz Sharif, received 174 votes -- two more than the simple majority of 172.

BPCL privatisation: How long will govt wait for the right suitor?

BPCL privatisation: How long will govt wait for the right suitor?

Rediff.com19 Jan 2022

In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.

'Sri Lanka will adopt India first approach'

'Sri Lanka will adopt India first approach'

Rediff.com26 Aug 2020

Admiral Colombage said that President Gotabaya Rajapaksa would have an India first approach as the key to strategic security.

Is Sharad Pawar Buying Insurance?

Is Sharad Pawar Buying Insurance?

Rediff.com5 May 2023

Sharad Pawar reckons that the NCP has value as a united, going concern, not as a gaggle of leaders in search of followers, notes Shreekant Sambrani.

Modi's diplomatic talents will be an asset

Modi's diplomatic talents will be an asset

Rediff.com2 Sep 2014

'Secretiveness and the element of surprise in announcing decisions marks the Modi style of diplomacy. From being a voluble politician, he became a reticent statesman... But the diplomatic dance is performed on thin ice and his adroitness is still to be proved,' says Ambassador T P Sreenivasan.

Divestment's Tough Climate Call: The hurdle in govt's fund-raising path

Divestment's Tough Climate Call: The hurdle in govt's fund-raising path

Rediff.com4 Jan 2022

There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.

20 years of India's insurance sector

20 years of India's insurance sector

Rediff.com19 Sep 2021

Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.

Tatas are committed to make Air India a world-class airline: Chandra

Tatas are committed to make Air India a world-class airline: Chandra

Rediff.com27 Jan 2022

"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.

Ukraine's President speaks with Modi, seeks political support

Ukraine's President speaks with Modi, seeks political support

Rediff.com26 Feb 2022

President Zelenskyy's telephonic conversation with Prime Minister Modi came hours after India abstained on a UN Security Council resolution by the United States that 'deplores in the strongest terms' Russia's 'aggression' against Ukraine.

SpiceJet hits air pocket as losses mount

SpiceJet hits air pocket as losses mount

Rediff.com30 Jul 2020

On a full year basis, the airline made a loss of Rs 934.8 crore. The company has incurred a net loss during the current and previous year and, the its current liabilities exceeded its current assets

Our nukes are secure, Pak tells the world

Our nukes are secure, Pak tells the world

Rediff.com2 Dec 2010

The United States and the world community are aware that Pakistan's nuclear installations are well secured, Foreign Office spokesman Abdul Basit told the media. Pakistanis are a progressive and moderate nation and there is no question of nuclear installations or materials falling into the hands of militants, he said.

Ladakh standoff: No chance of war!

Ladakh standoff: No chance of war!

Rediff.com29 May 2020

'For the moment in Eastern Ladakh, it is unlikely there will be any more escalation of this conflict,' observes Colonel S Dinny (retd) who served as Commanding Officer of an infantry battalion deployed in the Pangong Tso area.

Lanka needs new laws to deal with IS threat: PM

Lanka needs new laws to deal with IS threat: PM

Rediff.com26 Apr 2019

The PM said the government knew that Sri Lankan nationals who joined the Islamic State had returned, but they could not be arrested as joining a foreign terrorist organisation is not against the law in the island nation.

Murthy-Amazon tax dispute draws in son-in-law Sunak

Murthy-Amazon tax dispute draws in son-in-law Sunak

Rediff.com14 Jun 2021

"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.

Jet Airways gets two suitors; Hindujas back out

Jet Airways gets two suitors; Hindujas back out

Rediff.com16 Jan 2020

South America-based Synergy Group, one of the suitors, has said slots at London's Heathrow airport are critical to the airline's operations and will decide on participating in the resolution only if it gets clarity. It also wants to form a new company with its assets, employees, and operating permit but minus all liabilities.

Air India to sell prime real estate

Air India to sell prime real estate

Rediff.com2 Jun 2017

Proceeds may be used to partly pay off its Rs 46,570-cr debt

Businessmen Subhash Chandra, Naresh Goyal summoned in Yes Bank case

Businessmen Subhash Chandra, Naresh Goyal summoned in Yes Bank case

Rediff.com16 Mar 2020

These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.

Sonia to G23 at CWC meet: I am full-time, hand-on Congress president

Sonia to G23 at CWC meet: I am full-time, hand-on Congress president

Rediff.com16 Oct 2021

In an apparent message to the G23, Congress chief Sonia Gandhi on Saturday said she is a full-time, hands-on party president and there is no need for leaders to speak to her through the media.

Why are India's tycoons selling out?

Why are India's tycoons selling out?

Rediff.com21 Jun 2019

Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.

Draft rules tighten tax norms for MNCs

Draft rules tighten tax norms for MNCs

Rediff.com24 Dec 2015

The rules will affect Indian companies that take most decisions about their foreign subsidiaries.

I-T dept seizes Nirav Modi's vast art collection

I-T dept seizes Nirav Modi's vast art collection

Rediff.com25 Feb 2018

Among the seizures were Indian masters such as FN Souza, VS Gaitonde, SH Raza, Amrita Sher-Gil and Akbar Padamsee, sculptures from Italy and the US, Chinese artwork and masterpieces by Xu Lei and Zeng Xiaojun.

Why Delhi is concerned about the Taliban

Why Delhi is concerned about the Taliban

Rediff.com7 Aug 2021

India is apprehensive about the Taliban's return as it would mean loss of access to Baluch rebels and help to the restive tribals of Waziristan. This would be a setback to the Indian strategy of returning the compliments of death by a thousand cuts to Pakistan, notes Colonel Anil A Athale (retd).

Lakshmi Vilas Bank had dug its own grave

Lakshmi Vilas Bank had dug its own grave

Rediff.com4 Dec 2020

Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.