The Vedanta group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying the government's stake in Bharat Petroleum Corp Ltd (BPCL).
"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.
North Block is concerned that when India is trying to attract more investment, putting up restrictions on audit firms could create an avoidable bad advertisement.
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
Both Houses met for the first time in the second part of Budget Session and saw repeated adjournments as the Opposition continued protests.
The Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling.
'When it is an open ballot, the division taking place in the open house will be for all to see.' 'As they say sunlight is the best disinfectant, this (aspect of the order) brings in transparency and it's in keeping with the best democratic principles.'
There are 7 key rules one can follow to ensure that the chances of such fraud are almost reduced to a negligible level when shopping online, says Anil Rego
The home ministry has revoked the decision of Delhi government to repatriate its Principal Secretary (Home) and (Land and Buildings) Dharam Pal to the Centre terming it ab initio void and asserted that powers to transfer AGMUT cadre officers rests only with the Centre.
For last two months, much of the discussion, a large part of due diligence, agreement negotiations, etc, have happened remotely.
Altogether 169 MLAs vote in favour of the motion of confidence, pro tem Speaker Dilip Walse Patil informed the House.
Avoid thinking of investment as some 'become millionaire in a week' scheme, says Nikhil Sethi, founder and MD, Zuvomo, a crowdfunding firm. Always think of long term gains and plan your trades accordingly.
Future Group founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his group's talks with Reliance Industries for the sale of retail assets that followed the US giant offering no concrete help to tide over the cash crisis. Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Biyani in an interview with PTI said the US giant's 2019 investment in Future Coupons Pvt Ltd (FCPL) -- Future Retail's parent -- was for coupon and gifting business only and the same could continue post-retail assets going to Reliance. He hoped to complete the deal with Reliance within two months of Sebi approval.
In case of any grievance, file a complaint with Sebi on its SCORES (Sebi Complaints Redress System) web site, suggests Sanjay Kumar Singh.
The Association for Democratic Reforms, an non-government organisation working for electoral reforms, while supporting Election Commission's order to seize unaccounted cash in poll-bound states, has noted that legitimate business transactions based on cash should not suffer.
Shakuntala Gamlin took charge of the post hours after CM Kejriwal sent her a letter asking her not to do so as her appointment was "against" the rules.
The opposition, while not directly stalling Parliament, will insist all legislation goes to standing committees, delaying implementation.
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
Seeking to end the controversy that erupted over his remarks and stalled parliamentary proceedings, Union minister Anantkumar Hegde on Thursday tendered an apology in the Lok Sabha after a nudge by the Speaker but he said his speech at a function in Karnataka was distorted.
But mobile wallet companies say many consumers are not ready to give out their PAN
'He's at best a holding-CEO. Not one who will re-imagine the bank,' a senior banker and former colleague tells Raghu Mohan about HDFC Bank CEO & MD Sashidhar Jagdishan.
Based on the holding period, the profit you make is liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.
Such service providers were given time until the end of October to follow the law of the land.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.
Sources in the know said the government would initiate talks with businesses, including Tatas, shortly for divesting its stake in the national carrier.
Hardening his stand on the passage of two key bills, Arvind Kejriwal on Monday renewed his threat to quit, saying he was ready to sacrifice the chief minister's post a "thousand times" to ensure "swaraj" and give power to the common people.
Top Congress sources said they would not hold up the Bill.
"No explanation can satisfy me," the Governor told reporters in Thiruvananthapuram on Monday evening, a day after making it clear that he would not remain a 'mute spectator' as he sought a report from the Pinarayi Vijayan government.
Future group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees on Tuesday. The group firms Future Consumer and Future Enterprises have recently received orders from Reliance Industries. This will be a big support for the cash-strapped future group firms before the completion of Rs 24,713 crore buyout of the country's second-largest retailer by Reliance Industries' arm. Ecommerce major Amazon has raised objections over the deal.
The RBI on April 6 directed all payments service providers to make sure "that the entire data relating to payment systems operated by them are stored in a system only in India."
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
People use Internet on smartphones, using apps which use their data to provide tailor-made services
The currency market won't care for our moans, groans, cries and sighs. The rupee will find its own level, explains Tamal Bandyopadhyay.
A court ruled in favour of Vodafone on Friday in a long-running dispute with the Indian taxman, a boost for the British telecom group whose tax battles have been seen as emblematic of the troubles facing foreign investors in India.
Abramovich handed Chelsea director control of firm on day of Ukraine invasion - filings
'Allocate some parts of one's surplus income towards cryptocurrencies, considering the immense growth potential of this emerging asset class.'
The Department of Telecommunications (DoT) has initiated discussions with banks to address financial stress in the telecom sector, particularly Vodafone Idea Ltd (VIL) that urgently requires fund infusion to stay afloat. There was a meeting of DOT officials and senior bankers on Friday on the issue of Vodafone, sources said, adding that banks have been asked to look for a solution within the prudential guidelines. According to sources, senior officials from the country's biggest lenders State Bank of India and Bank of Baroda were also present among others in the meeting. More such meetings are expected to take place in the coming days, they said.
The government is planning to liberalise the terms and conditions for the sale of the national carrier. The Centre is still pursuing the option of selling the airline's subsidiaries before the airline itself, in order to deal with an outstanding debt of around Rs 27,000 crore.
The politics of Andhra Pradesh has seen some paradigm changes during Jagan Reddy's absence. But now that the YSR Congress chief is out on bail, he'll definitely seek revenge from his tormentors -- the ruling Congress, notes Mohammed Siddique.
The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.
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