News for 'mauritius'

Commonwealth Games 2022: Medals Table

Commonwealth Games 2022: Medals Table

Rediff.com8 Aug 2022

The medals table of the 2022 Commonwealth Games in Birmingham.

Modi invites G20 to witness 'festival of democracy' in 2024 polls

Modi invites G20 to witness 'festival of democracy' in 2024 polls

Rediff.com21 Jun 2023

Modi said India's next general elections will be held in 2024 and he invited G20 delegates to visit the country to witness the "festival of democracy" in the "mother of democracy".

Ahead of talks, Jaishankar hosts reception for visiting ministers

Ahead of talks, Jaishankar hosts reception for visiting ministers

Rediff.com1 Mar 2023

A day ahead of a crucial G20 meeting, External Affairs Minister S Jaishankar on Wednesday evening hosted a welcome dinner for the foreign ministers attending the deliberations but the reception was missed by his counterparts from the US, China, Germany and France.

Kingfisher Airlines: IDBI Bank GM conspired with Mallya

Kingfisher Airlines: IDBI Bank GM conspired with Mallya

Rediff.com23 Mar 2023

A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter's Kingfisher Airlines, the Central Bureau of Investigation said in its supplementary chargesheet filed in a Mumbai court. Mallya is an accused in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case, which is being probed by the CBI. The Central agency had recently filed a supplementary chargesheet before a special CBI court.

India building naval base on Mauritian island: Report

India building naval base on Mauritian island: Report

Rediff.com3 Aug 2021

The report claims that the military experts who have analysed the evidence collected by its Investigative Unit say an airstrip under construction in Agalega will almost certainly be used for maritime patrol missions by the Indian Navy.

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Rediff.com26 Feb 2023

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.

Indians' funds in Swiss banks down 11% to Rs 30k cr on lower deposits

Indians' funds in Swiss banks down 11% to Rs 30k cr on lower deposits

Rediff.com22 Jun 2023

Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday.

Meagre hike in MEA budget; Rs 990 cr allocated towards G20 presidency

Meagre hike in MEA budget; Rs 990 cr allocated towards G20 presidency

Rediff.com1 Feb 2023

The Ministry of External Affairs (MEA) has been allocated a total of Rs 18,050 crore in the Union Budget for 2023-24 which is an increase of around 4.64 per cent over last year's allocation of Rs 17,250 crore.

PayU Payment's acquisition of BillDesk gets CCI nod

PayU Payment's acquisition of BillDesk gets CCI nod

Rediff.com5 Sep 2022

Competition Commission of India (CCI) on Monday granted its approval for the acquisition of 100 per cent equity of indiaideas.com (BillDesk) by PayU Payments. The proposed combination relates to the acquisition of 100 per cent of the equity share capital of India Ideas Ltd (IIL) by PayU India. In a tweet on Monday, CCI said it approved, "acquisition of 100% of the equity share capital of IndiaIdeas.com (BillDesk) by PayU Payments."

25 DAZZLING FRAMES In Karan Johar Movies

25 DAZZLING FRAMES In Karan Johar Movies

Rediff.com31 Jul 2023

On his 50th birthday on May 25, Sukanya Verma celebrates the man and his movies.

Black Money: Archaic laws won't help, India must ban Mauritius route

Black Money: Archaic laws won't help, India must ban Mauritius route

Rediff.com5 Mar 2015

The larger amount of black money either goes into domestic real estate or bullion, or is round-tripped back into India anyway.

What's Special About Ladakh. Spiti. Kolkata. Varanasi?

What's Special About Ladakh. Spiti. Kolkata. Varanasi?

Rediff.com25 May 2023

Indians are becoming much more spendy and discerning travellers and look for places that can offer them a 'new' kind of experience.

Probe into Adani since 2016: FinMin says yes, Sebi says no, Congress has last laugh

Probe into Adani since 2016: FinMin says yes, Sebi says no, Congress has last laugh

Rediff.com15 May 2023

With Sebi telling the Supreme Court that it was not investigating the Adani group since 2016, the Congress on Monday cited a Union minister's reply in the Lok Sabha to challenge the claim and asked whether Parliament was misled or the market regulator was "fast asleep" as investors were "duped".

Online pharmacy platform Tata 1mg turns unicorn after raising $40 mn

Online pharmacy platform Tata 1mg turns unicorn after raising $40 mn

Rediff.com7 Sep 2022

Online pharmacy platform Tata 1mg turned a unicorn after raising close to $40 million in a funding round led by Tata Digital, media reports said. The company was yet to comment on the valuations till the time of going to press. 1mg has raised $230.8 million across 16 rounds, including this one.

Indian-origin Suella Braverman appointed UK home secretary

Indian-origin Suella Braverman appointed UK home secretary

Rediff.com7 Sep 2022

The 42-year-old barrister, who until now served as the Attorney General in the Boris Johnson led government, was among the first contenders to throw her hat in the ring to replace Johnson as Tory leader and Prime Minister.

UPA's Antrix-Devas deal a 'fraud against country', says Sitharaman

UPA's Antrix-Devas deal a 'fraud against country', says Sitharaman

Rediff.com18 Jan 2022

The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties, Finance Minister Nirmala Sitharaman said on Tuesday as she launched a blistering attack on the Congress for handing over airwaves used by the defence to the private firm for pittance. "It is a fraud of Congress, by Congress (and) for Congress," the minister told reporters as she read out paragraphs from the Supreme Court's January 17 decision allowing winding up of Devas Multimedia because of the fraud.

Suella Braverman quits as UK Home Secy over 'mistake'

Suella Braverman quits as UK Home Secy over 'mistake'

Rediff.com20 Oct 2022

"I have made a mistake; I accept responsibility; I resign," the 42-year-old barrister said.

Russian foreign minister leaves Bali as G20 gets ready to censure Russia

Russian foreign minister leaves Bali as G20 gets ready to censure Russia

Rediff.com16 Nov 2022

Russian Foreign Minister Sergey Lavrov, who was representing President Vladimir Putin, left Bali on Wednesday, a day ahead of the scheduled conclusion of the G20 Summit held amid the economic challenges triggered by the Russia-Ukraine war.

CWG: Sen sails into semis; Sindhu, Srikanth in last four

CWG: Sen sails into semis; Sindhu, Srikanth in last four

Rediff.com7 Aug 2022

Lakshya Sen recorded another comfortable win but double Olympic medallist P V Sindhu and Kidambi Srikanth had to work hard to enter the semi-finals

Adani says examining legal options against Hindenburg

Adani says examining legal options against Hindenburg

Rediff.com26 Jan 2023

A day after Adani Group's shares took a beating as Hindenburg Research made damaging allegations against it, the group on Thursday said it is examining legal options to take "punitive action" against the US activist investor for its "reckless" attempt to sabotage a share-sale at the conglomerate's flagship firm. "The maliciously mischievous, unresearched report published by Hindenburg Research on January 24, 2023 has adversely affected the Adani Group, our shareholders and investors. "The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens," the group's lead head Jatin Jalundhwala said in a statement.

US-based research firm alleges 'brazen' fraud by Adani; company calls it malicious, baseless

US-based research firm alleges 'brazen' fraud by Adani; company calls it malicious, baseless

Rediff.com25 Jan 2023

Well-known US activist investor Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale. Hindenburg, a US-based investment research firm that specialises in activist short-selling, said its two-year investigation reveals that "the Rs 17.8 trillion ($218 billion) Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades." The report comes ahead of a Rs 20,000 crore follow-on share sale of Adani Group's flagship Adani Enterprises.

Sunak allies find no space in Liz Truss cabinet

Sunak allies find no space in Liz Truss cabinet

Rediff.com7 Sep 2022

Prime Minister Liz Truss has unveiled one of the United Kingdom's most diverse cabinets, with key frontline posts going to ethnic minority members of Parliament, including Indian-origin Suella Braverman as the home secretary.

Will L'affaire Adani Affect Modi's Image?

Will L'affaire Adani Affect Modi's Image?

Rediff.com21 Feb 2023

Gautam Adani's alleged proximity to Narendra Modi may dent the latter's self-styled image of incorruptibility, points out Kanika Datta.

India is 'dangerously close' to Hindu rate of growth: Raghuram Rajan

India is 'dangerously close' to Hindu rate of growth: Raghuram Rajan

Rediff.com5 Mar 2023

Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth. Rajan said that sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4 per cent.

China holds meet with 19 countries in Indian Ocean region without India

China holds meet with 19 countries in Indian Ocean region without India

Rediff.com26 Nov 2022

Last year, China held a meeting with some South Asian countries on COVID-19 vaccine cooperation without the participation of India.

Modi, Mauritian PM jointly inaugurate SC building

Modi, Mauritian PM jointly inaugurate SC building

Rediff.com30 Jul 2020

The new Supreme Court building in Port Louis is a symbol of India-Mauritius cooperation and shared values, the prime minister said in his address.

FDI equity inflows dip 16% during Apr-Dec to $43.17 bn

FDI equity inflows dip 16% during Apr-Dec to $43.17 bn

Rediff.com25 Feb 2022

Foreign direct investment (FDI) equity inflows into India contracted by 16 per cent to $43.17 billion during the April-December 2021 period, according to data from the Department for Promotion of Industry and Internal Trade (DPIIT). The inflows had stood at $51.47 billion during the corresponding period of the previous year. The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) aggregated at $60.34 billion during the nine month period of the current fiscal year as against $67.5 billion in the year-ago period.

Credit card spends touch all-time high of Rs 1.16 trillion in July

Credit card spends touch all-time high of Rs 1.16 trillion in July

Rediff.com31 Aug 2022

Credit card spends touched an all-time high of Rs 1.16 trillion in July, registering a growth of 6.5 per cent on a month-on-month basis and 54 per cent year-on-year, latest data put out by the Reserve Bank of India revealed. Spends have topped the Rs 1 trillion level for five consecutive months now. Industry participants are expecting further tailwinds in credit card spends with the onset of the festive season, where spends typically remain at an elevated level.

India-made howitzer to be used for 21-gun salute on I-Day

India-made howitzer to be used for 21-gun salute on I-Day

Rediff.com10 Aug 2022

For the first time, a home-grown howitzer gun will be used for the ceremonial 21-gun salute during the Independence Day ceremony at Red Fort, Defence Secretary Ajay Kumar said on Wednesday.

Ukraine war an important point of discussion at G20 FMs' meet: India

Ukraine war an important point of discussion at G20 FMs' meet: India

Rediff.com1 Mar 2023

Foreign Secretary Vinay Kwatra on Wednesday refused to speculate on whether the G20 foreign ministers' meeting would be able to come out with a joint communique against the backdrop of widening differences between the West and Russia on the Ukraine conflict.

After Accident, Malaika Is Back!

After Accident, Malaika Is Back!

Rediff.com20 Apr 2022

Glimpses of the stars Pradeep Bandekar encountered on Tuesday.

What Went Wrong For Adani Stocks

What Went Wrong For Adani Stocks

Rediff.com28 Feb 2023

The 'sudden volatility' in Adani stocks is entirely due to a series of events that was extreme and unique, and played out in too short a period. Investors and regulators pretended that it wasn't so. But then, along came Hindenburg, which forced some eyes to open, points out Debashis Basu.

What NRIs Need To Know About Form 10F

What NRIs Need To Know About Form 10F

Rediff.com16 Jan 2023

'Many non-resident taxpayers faced issues in filing Form 10F since the portal didn't allow those who didn't have PAN to file the form.'

Modi, WHO chief lay the ground for traditional medicine centre in Jamnagar

Modi, WHO chief lay the ground for traditional medicine centre in Jamnagar

Rediff.com19 Apr 2022

Prime Minister Narendra Modi on Tuesday said the establishment of the WHO Global Centre for Traditional Medicine (WHO GCTM) in Jamnagar will usher in a new era of traditional medicine globally.

Devas shareholders to continue seizing Indian assets abroad

Devas shareholders to continue seizing Indian assets abroad

Rediff.com23 Jan 2022

Unfazed by the Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect $1.2 billion the firm has been awarded by arbitration tribunals for cancellation of a satellite deal but are open for talks to settle the issue, their counsel said. "The decision by the Supreme Court does not change anything. The Modi government and the Indian courts cannot rewrite the facts. "Their flimsy allegations of fraud will never stand up in courts outside of India," said Matthew D McGill, partner at Gibson, Dunn & Crutcher, and lead counsel for several Devas' shareholders.

Adani makes Rs 31,000 cr open offer for ACC, Ambuja Cements

Adani makes Rs 31,000 cr open offer for ACC, Ambuja Cements

Rediff.com26 Aug 2022

Adani Group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion. Markets regulator Sebi granted approval for the open offer last week.

CWG: Tulika wins silver in women's 78kg judo event

CWG: Tulika wins silver in women's 78kg judo event

Rediff.com4 Aug 2022

India's judoka Tulika Maan gave her all but came up short against Scotland's Sarah Adlington in the final to settle for a silver medal in the women's 78kg category in the Commonwealth Games on Wednesday.

CWG 2022: How India fared on Friday, August 5

CWG 2022: How India fared on Friday, August 5

Rediff.com6 Aug 2022

A summary of Indian athletes showing on Friday, Day 8 of the Commonwealth Games.

Paytm IPO price band set at Rs 2,080-2,150

Paytm IPO price band set at Rs 2,080-2,150

Rediff.com28 Oct 2021

Digital firm One97 Communications, which operates under Paytm brand name, on Thursday said its IPO will open on November 8 for subscription in the price band of Rs 2,080-2,150 apiece, which implies that the firm's valuation stands at Rs 1.44 lakh crore-Rs 1.48 lakh crore. The initial public offer (IPO) subscription will close on November 10.

South Africa's FirstRand Bank to exit India after 12 years

South Africa's FirstRand Bank to exit India after 12 years

Rediff.com23 Apr 2021

The plan was to expand further, add more branches and also eventually become the third bank in India to start a wholly owned subsidiary after Singapore's DBS Bank and State Bank of Mauritius, but those plans never materialised due to lack of scale and rising non-performing assets in the country.