Wanted diamond merchant Nirav Modi appeared via videolink from his London prison for a regular call-over hearing at Westminster Magistrates' Court on Friday, when he was further remanded in custody until February 25, when the judgment in his extradition case is to be handed down. District Judge Angus Hamilton informed Modi that he would most likely be appearing again via videolink on the day of the ruling, which will decide whether the 49-year-old jeweller has a case to answer before the Indian courts on fraud and money laundering in relation to the Punjab National Bank (PNB) scam case. Last month, District Judge Samuel Goozee had confirmed the timeline for the judgment at the end of closing submissions in the case, during which he heard that Modi is responsible for overseeing a "ponzi-like scheme" that caused enormous fraud to PNB.
The pandemic has brutally highlighted the inadequacy of India's administrative systems. And, the government has demonstrated its culpable inability to speed up vaccination in a timely manner, says Jaimini Bhagwati.
If your children live abroad, rely more on financial assets as they are easier to liquidate and move across borders.
It also receives large investments from the Europe.
The USS John Paul Jones acted like a dog marking the lamp post, observes Ambassador M K Bhadrakumar.
Industry body CII has asked the governments of Delhi and Rajasthan to reconsider their decisions to scrap the FDI policy for multi-brand retail as such investments would help create millions of jobs and benefit consumers.
It plans to lower employment costs with the estimated reduction in employee numbers, about two-thirds of which are expected to be office-based white-collar roles - a majority expected at its Netherlands unit.
'It is less dependent on imported capital.'
London is the best place in the world to live in, leading NRI industrialist Gopichand P Hinduja has said that after travelling around the globe, he found "home" in the British capital.
The government is likely to exempt iPhone and iPad maker Apple from mandatory local sourcing rule, a move which would pave the way for tech giant opening single-brand retail stores in the country.
.jpg)
Inflows cross $10-billion mark for 3rd consecutive year.
The company agrees to discussions for long-product division with Swiss group Klesch.
For the January-May period this year, the foreign direct investment, which excludes investment in the financial sector, came in at $48.9 billion up 2.8 per cent from the same period last year, the Ministry of Commerce said on Tuesday.
The collection of mostly small and medium sized businesses is a hotchpotch of ventures and include design schools, schools, villas for hire in Goa and a country club in Gurgaon.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
The Vibrant Gujarat is a biennial event organised since 2003 by the Gujarat government to attract investment to the state.
Banks bore the brunt of the sell-off.
Indonesian Trade Minister Gita Wirjawan, Chair of the Ninth Ministerial Conference, and the three Vice Chairs, in a joint statement, urged 'all WTO members to come together over the next few days to make the necessary breakthroughs, working closely with WTO Director General Roberto Azevedo.'
Rediff.com, present to you a dummy's guide to the historic vote that could shape British-EU ties for generations.
The Shiv Sena wants madrassas in India not to use Urdu and Arabic as a medium of instruction and wants it to be replaced with English and Hindi.
The Union finance ministry has sought views of the Securities and Exchange Board of India (Sebi) for setting up a 'social bourse.'
Raghuram Rajan's decision to go back to academics might spell short term negativity for the stock, currency and bond markets.
Many investors clearly think they can play this game.
The prospect of further falls in remittances is a hindrance for the Reserve Bank of India, as it seeks to bullet-proof the economy against sudden capital outflows
On Wednesday, the Chinese authorities extended a ban on sales of shares by large shareholders.
Four new retailers from US, two from Germany may have shown interest in setting up shop in India.
The government needs to take positive action to reaffirm that story.
The British pound was down nearly 9 per cent in early morning trade.
The county's largest IT company TCS on Friday reported a 7.2 per cent jump in December quarter net to Rs 8,701 crore on a consolidated basis, and seemed to suggest the worst is behind by projecting double-digit revenue growth for FY22. The company, a cash cow for Tata Sons, saw a 5.4 per cent growth in revenue at Rs 42,015 crore for the quarter. Operating profit margin came in at 26.6 per cent despite implementing wage hikes, after consistently missing the 26-28 per cent aspirational band for many quarters.
The Singapore subsidiary of the UK-based GlaxoSmithKline plans to buy 24.33 per cent stake or 2.06 crore equity shares in GlaxoSmithKline Pharmaceuticals Ltd through an open offer.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
Higher growth, reform bets have boosted returns but leave limited room for error.
As football fans arrive to watch Euro 2016, France's trade unions have undertaken a series of strikes to provoke a make-or-break situation. Claude Arpi encounters both Gallic beauty and ugliness in the country of his birth.
Brexit is, in the parlance of the financial community, a 'risk-on' development.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
'The worst case scenario for Pakistan is a full-scale Taliban takeover of Afghanistan.' 'Pakistani militants would be inspired and emboldened and seek to replicate the Taliban's successes in Pakistan.'
Market meltdown and volatility pushed many traders to the sidelines.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
A vilification campaign against Rosneft has begun in right earnest, says M K Bhadrakumar.
