Aircraft manufacturer Embraer has agreed to pay over $205 million (over Rs 1,371 crore) as settlement with American and Brazalian authorities for resolving corruption charges in India and three other countries.
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
While the Trump administration wants India to lower the trade barriers and embrace "fair and reciprocal" trade, India has raised tariffs on 28 items exported from the US in retaliation to America's withdrawal of preferential access for Indian products.
India's two largest bourses, the National Stock Exchange and the Bombay Stock Exchange, said on Monday that they are on course to shift to a T+2 rolling settlement cycle from Tuesday
US-Pakistan relations are poised to touch a qualitatively new level under the Biden administration, notes Ambassador M K Bhadrakumar.
Farmers had threatened to block other roads of Delhi in the coming days if the new agriculture laws are not scrapped soon.
the investigation began before Standard
Head of central banks from various countries get into a 'Basel huddle' every second month at Basel at the headquarters of the Bank for International Settlement.
Once the patients are identified, the government will decide on the quantum of compensation in each case and then approach J&J for claim settlement.
These facilities can only be used for transferring money within the country.
From banks and credit card firms to mobile operators, everyone is using the power of SMS to reach out to potential customers and now, even Telecom Disputes Settlement And Appellate Tribunal has jumped the SMS bandwagon.
After reaching a deal with ANZ in a six-year tussle, Pankaj and Radhika Oswal have left Australia and plan to start a new venture in New York
Despite a steady collection rate, the government faces a steep Budget target of Rs 6.1 trillion for CGST for 2019-20.
Fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction. Subsequent to commencement of the normal day-to-day operations, it will be open for the investors to convert the bank into a small finance bank by making an application to the RBI, the lender said.
The GSM operators decided to withdraw their plea when the TDSAT was about to reserve its order on the maintainability of the petition after hearing the case for more than one-and-a-half hours.
Net new enrolments with retirement fund body EPFO grew by nearly 20 per cent to 12.37 lakh in February compared to the same month in 2020, according to the payroll data released on Tuesday, providing a perspective on formal sector employment amid the coronavirus pandemic. The provisional payroll data of EPFO highlights a growing trend with the addition of 12.37 lakh net subscribers during the month of February, 2021, a Labour Ministry statement said. The data reflects growth of 3.52 per cent in net subscribers addition in February 2021 over January 2021.
A US-based telecom firm has agreed to pay a $5 million penalty for violating export control regulations and a 2003 agreement restricting sales of commercial technology to military services in India and four other countries, according to state departm
'This looks like a long-term bear market and there could be mounting losses in the near-term,' says Devangshu Datta.
'Pay-for-delay' settlements between drug patent-holders and generics manufacturers to delay the launch of cheaper generic medicine are increasingly being scrutinised by antitrust regulators
With the lockdown being eased gradually, providing more and more digital solutions, for service delivery and procurement of new policies, is what the corporation is focussing on.
Embraer cannot escape Indian laws just because it has struck a settlement with American authorities, Parrikar said.
AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.
Monetary policy stance to depend on inflation data
Mahindra Satyam on Wednesday said its board has approved settlement of lawsuits brought by its former client Upaid Systems by paying $70 million.
Let the implementation of reforms be left to the discretion of individual states and ensure an end to the illogical stir, argues Virendra Kapoor.
Exposure to debt funds and gold is essential even if current returns from these asset classes are low, suggests Sanjay Kumar Singh.
In the first quarter of 2016, India's credit-to-GDP gap stood at -2.9, the lowest among the BRIC group of nations
Satyam Computer Services Ltd (rebranded as Mahindra Satyam to reflect its new ownership by Tech Mahindra) has filed a fresh lawsuit in a New York court, challenging the tax payment claims made by mobile payment services company Upaid Systems.
'As of now, it is hard to see how the stalemate can be broken.' 'For the Sikh Jat farmers who constitute the core of the protest are a simple-minded but stubborn lot. 'They are unlikely to call off the stir unless provided a sense of 'victory'.' 'Give them a reason to boast that they brought the government to its knees and they will start singing hallelujahs to the Modi government,' argues Virendra Kapoor.
The contentious citizenship bill is not applicable to areas under ILP regime. Dimapur was the only Nagaland district that was out of ILP so far.
Says one of the problems in addressing the issue of black money is that India's tax system is perceived as being arbitrary
"The listing time should come down to seven days... primary market is still somewhat inefficient compared to the secondary market," Sebi Chairman, CB Bhave said.
With Muthappa Rai's death ended a life that highlighted the dark side of Bengaluru's often delirious growth to become India's IT capital
'India cannot allow Beijing's policy of stabilising and destabilising the border at will to perpetuate its own ends.' A riveting excerpt from Manish Tiwari's 10 Flashpoints; 20 Years National Security Situations That Impacted India.
'It is feared that AI can predict the outcome of a case once it is launched.' 'It knows the law, precedents and judicial thinking better.' 'If AI becomes too common, clients will start using the software to measure the chance of success of their cases,' says M J Antony.
The injured -- 130 -- cannot go back to work nor do they have homes to return to. Many of them refuse to leave the hospital while some of their relatives sleep in the hospital corridors. Apart from their physical injuries, the trauma of seeing their family members swept away haunts them as does the loss of all their possessions. But the BJP-Sena government remains indifferent to this human crisis.
It's time for Indian generic companies to rethink their strategies.
Taking the first step towards launch of online PF transfer claim facilities, retirement fund body EPFO has unveiled the revised transfer claim form for the purpose.
Train running information system will be installed at rail premises to facilitate dissemination of information about trains on real time basis.
