In a relief to liquor baron Vijay Mallya, the high court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover a loan of around 1.145 billion pounds from him. Justice Michael Briggs of the insolvency division of the high court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka high court be determined, allowing him time to repay his debts to the banks in full.
The lowly kadu is promoted to an awesome pumpkin soup.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
Earlier, Arun Jaitley had said 60 prosecutions had been launched on the 'HSBC list'.
The probe pertains to firms identified as Advantage Strategic Consulting Private Limited and Chess Global Advisory Services Pvt Ltd, where Karti had been a director
World champion Muktar Edris, who beat Farah at the World Championships in London two weeks ago, was among the trio left sprawled on the track in the Briton's wake as Farah dived over the line.
The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act, it said.
In a statement, the prosecutor's office said Ronaldo had knowingly used a "business structure" created in 2010 to hide his income in Spain from his image rights.
IOC ethics committee looks into Rio payment claims
Corporate ministry documents show that the Siva's firm kept taking loans from public sector banks like State Bank of India, Punjab National Bank which gradually turned to bad loans.
Along with Tyagi, his cousin Sanjiv alias Julie Tyagi and lawyer Gautam Khaitan were also arrested.
The unfortunate associations with the name Charles for an English king -- one who was executed; the other with a very unsavoury reputation -- led royal observers to assume that Charles would not take his Christian name when he became king.
Accusing the ruling Bharatiya Janata Party of having "reaped benefits" of communal polarisation in the Lok Sabha elections, the Congress on Wednesday said the government should now focus on good governance and deliver on promises.
The list includes Gautam Adani's brother Vinod Adani among others.
The Zika virus, an alarming and disturbing infection that may be linked to thousands of babies being born with underdeveloped brains, is spreading through the Americas. But what is the virus, how is it spread and how can people minimise the chances of catching it?
Medals tally of the 2018 Commonwealth Games in Gold Coast.
The NCP leader said that he will be happy to cooperate with the ED so that the agency understands the "complexities" of the aviation sector.
A random check of the database for India displays about 22 offshore entities, 1,046 officers or individual links, 42 intermediaries and as many as 828 addresses within the country ranging from the tony and posh locations of metropolitan cities like Delhi, Mumbai, Kolkata and Chennai to mofussil locations like that in Haryana's Sirsa, Bihar's Muzaffarpur and Madhya Pradesh's Mandasaur and state capital Bhopal.
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
RBI, Enforcement Directorate to see if money was sent to tax haven
News of all that's transpired on and off the football field
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
Inside the governors' reception hosted by Indian Ambassador to the US Navtej Sarna -- a first in more than 15 years.
On July 1, 2021, Britain's Princess Diana would have turned 60 and two decades after her tragic death in a car accident near the end of summer 1997, she still holds an exalted place on the altar of the most admired people in the world, her status secure as a style icon -- as is her legacy of having forever changed the British monarchy.
It is one piece of document that you should have alongside your travel tickets.
Global investment is agnostic when it comes to nationalism, says Kanika Datta.
The prompt approval to set up a radar station on the Andaman and Nicobar Islands signalled the Modi government's intent to deal with China on its own terms.
Global health officials are racing to better understand the Zika virus behind a major outbreak that began in Brazil last year and has spread to many countries in the Americas.
Former West Indies player Keith Arthurton conducted a three-day coaching clinic this weekend on the islands of Tortola and Virgin Gorda and had no doubt whatsoever that he has seen the next Tendulkar in seven-year-old Aidan Gorege.
If India was able to provide additional and new information about people and entities that figure on stolen lists, they may consider it to exchange information
Sharapova is not just one of the world's top tennis players but a brilliant business woman.
It is strange that the wealthy evade taxes even though the marginal utility of the money saved amounts to little and tax rates in countries, including India, have dropped
You'll be surprised, but India is one of them!
Though India's airlines are certainly bleeding, they haven't yet faced the ignominy of shutting down.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
Former United States President Barack Obama has been free from the pressures of running the nation for two years now. However, while in office and even out of it, Obama has always enjoyed each moment. As he celebrates his 57th birthday (August 4), here are some of his lighter moments enjoying life.
Clinton win potentially disrupts a string of expected primary losses this month that had threatened to weaken her even as she turned her focus to her likely matchup against Republican Donald Trump in the general election.
