News for 'mauritius'

How IMD became global weather leader in 150 years

How IMD became global weather leader in 150 years

Rediff.com13 Jan 2025

From a few rain gauges in 1875 to rivalling the world's best weather agencies, the India Meteorological Department (IMD) has weathered its way to becoming a global leader in forecasting.

How Meghana Found The Man Who Rescued Her

How Meghana Found The Man Who Rescued Her

Rediff.com5 Feb 2025

Megahna Rajsekhar survived the tsunami and was rescued by an unknown tribal man. 14 years later she tracked him down to say thank you.

Where Will Sobhita And Chay Honeymoon?

Where Will Sobhita And Chay Honeymoon?

Rediff.com3 Dec 2024

Fans are speculating about their honeymoon destination but which place will Sobhita Dhulipala and Naga Chaitanya zero in on for their romantic getaway? Akkineni are tying the knot and has everyone excited.

Small ticket transactions drag avg retail payments value by 48% in 3 years

Small ticket transactions drag avg retail payments value by 48% in 3 years

Rediff.com27 Dec 2024

The average value of retail digital payments dropped 48 per cent from Rs 8,769 in March 2021 to Rs 4,560 in March 2024 due to a growing preference to use digital modes of transactions for small value payments, according to the Reserve Bank of India's (RBI) report on the trend and progress of banking in India.

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Rediff.com1 Aug 2024

Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount. IIHL has also filed an application with the Mumbai Bench of the National Company Law Tribunal (NCLT), seeking directions for the administrator and the committee of creditors (CoC) to complete all pending activities to close the transaction and not let the lenders invoke the bank guarantees provided by the firm earlier.

Adani-Hindenburg row: Swiss authorities freeze $310 mn in fund

Adani-Hindenburg row: Swiss authorities freeze $310 mn in fund

Rediff.com13 Sep 2024

Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of money laundering allegations into Adani Group, US-based short seller Hindenburg Research claimed citing media report - a charge that the conglomerate vehemently denied. In a post on X, Hindenburg cited "newly released Swiss criminal records reported by Swiss media outlet" to state that "Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani, dating back as early as 2021."

Swiggy refiles IPO papers; eyes Rs 3,750 cr via fresh issue

Swiggy refiles IPO papers; eyes Rs 3,750 cr via fresh issue

Rediff.com26 Sep 2024

Food and grocery delivery major Swiggy on Thursday filed its updated draft papers with capital markets regulator Sebi to raise funds through its much anticipated initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer-for-sale (OFS) of 18.52 crore equity shares by existing shareholders, according to the updated draft red herring prospectus (UDRHP). Market sources have pegged the company's IPO size at over Rs 10,000 crore.

Cong accuses govt of mismanagement in Manmohan funeral, BJP hits back

Cong accuses govt of mismanagement in Manmohan funeral, BJP hits back

Rediff.com29 Dec 2024

The BJP has accused the Congress of politicising the death of former prime minister Manmohan Singh and levelling "baseless allegations" of disrespect and mismanagement at his State funeral. The Congress has countered by alleging that the government's arrangements for the funeral were a "shocking display" of disrespect. The row comes as the Congress alleges that the Centre did not allow news agencies except for DD (Doordarshan) to cover the funeral, did not provide enough space for Singh's family around the pyre, and did not stand up for the national flag during the gun salute. The BJP has refuted all of these charges.

Coach Marquez yet to taste win as India held by Malaysia

Coach Marquez yet to taste win as India held by Malaysia

Rediff.com19 Nov 2024

Both teams showed urgency to find the winner but were denied, with Malaysia coming close just before the final whistle.

Syria thump India to win maiden Intercontinental Cup title

Syria thump India to win maiden Intercontinental Cup title

Rediff.com10 Sep 2024

India had won the title in 2018 and 2023, while it was the first trophy for Syria who had finished third in 2019.

Govt exempts non-basmati white rice from export duty

Govt exempts non-basmati white rice from export duty

Rediff.com28 Sep 2024

Withdrawing a blanket ban on overseas shipments of non-basmati white rice, the government on Saturday imposed a floor price of $490 per tonne and exempted the commodity from export duty. Exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply. "The export policy for non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or gazed) ...is amended from prohibited to free, subject to MEP (minimum export price) of $490 per tonne with immediate effect and until further orders," the directorate general of foreign trade (DGFT) said in a notification.

Daughter lights pyre, Manmohan Singh cremated with full state honours

Daughter lights pyre, Manmohan Singh cremated with full state honours

Rediff.com28 Dec 2024

The mortal remains of former prime minister Dr Manmohan Singh were consigned to flames at the Nigambodh Ghat in New Delhi on Saturday amid the chanting of religious hymns. The funeral pyre was lit by his eldest daughter Upinder Singh.

Bonus stripping: Foreign portfolio investors from Mauritius feel the pinch

Bonus stripping: Foreign portfolio investors from Mauritius feel the pinch

Rediff.com10 Feb 2022

Foreign portfolio investors (FPIs) who invest from Mauritius into Indian companies that dole out bonus debentures will get impacted by the tax avoidance provisions on bonus stripping. The FY23 Budget has extended these provisions - applicable only to MFs, so far - to shares and units of REITs, InvITs and AIFs. The move will especially affect large institutional investors who sell original units within nine months after the record date because the loss arising from sale of original units would have to be ignored for the purposes of computing taxable income and cannot be set off against any other capital gain.

FDI inflows jump 47.8% to $16.17 bn in Q1

FDI inflows jump 47.8% to $16.17 bn in Q1

Rediff.com3 Sep 2024

Foreign direct investment in India jumped 47.8 per cent to $16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at $10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to $5.85 billion and in June to $5.41 billion from $2.67 billion and $3.16 billion, respectively, in the year-ago period.

Cabinet nod for trade pact with Mauritius covering 310 items

Cabinet nod for trade pact with Mauritius covering 310 items

Rediff.com17 Feb 2021

The Union Cabinet on Wednesday approved the signing of a comprehensive economic cooperation agreement, a kind of a free trade pact, between India and Mauritius which is aimed at liberalising norms to boost two-way commerce

Mauritius' plans to exit 'grey list' hits COVID roadblock

Mauritius' plans to exit 'grey list' hits COVID roadblock

Rediff.com19 Jun 2020

The country was, in February, put on the list of jurisdictions that require increased monitoring. These are done to counter money-laundering, terrorist financing, and proliferation financing in a more efficient manner.

Why RBI said no to NBFCs with funds from Mauritius

Why RBI said no to NBFCs with funds from Mauritius

Rediff.com29 May 2020

The RBI is of the view that it cannot carry out satisfactory due diligence for granting registration because the funding is from a jurisdiction that has been identified by FATF as having weak measures to combat money laundering and terrorist financing.

Sobhita Sends Us Love

Sobhita Sends Us Love

Rediff.com20 Sep 2024

Meet Anushka's partner-in-crime... Lara misses Vasu...Aamna chases sunsets in Santorini...

India-focused funds may soon get fast approval from Mauritius

India-focused funds may soon get fast approval from Mauritius

Rediff.com7 Oct 2020

Market observers also said the approvals depended a lot on the funds themselves, and the extent to which they followed the new norms introduced last year.

In boost for investment, Mauritius FPIs get category-I status

In boost for investment, Mauritius FPIs get category-I status

Rediff.com14 Apr 2020

Being part of category-I implies lower compliance burden, simplified know-your-customer norms and documentation requirements, and fewer investment restrictions.

Two drunk men arrested for driving into Mauritius PM's convoy in Mumbai

Two drunk men arrested for driving into Mauritius PM's convoy in Mumbai

Rediff.com20 Apr 2022

Two men have been arrested for trying to drive their car into the security convoy of visiting Mauritius Prime Minister Pravind Jugnauth in Mumbai in an inebriated condition, the police said on Wednesday.

How Well Do You Know Lord Ganesha?

How Well Do You Know Lord Ganesha?

Rediff.com16 Sep 2024

A special quiz to mark the occasion of Ganesh Chaturthi.

'Qualifying for the Asian Cup is minimal goal'

'Qualifying for the Asian Cup is minimal goal'

Rediff.com13 Nov 2024

'Marquez is trying to instil his philosophy, and that's going to take time. In every camp, we're getting closer to what he wants from us as a team. With time, training, and the level of coaching he has, I have no doubt we'll be a strong team in the qualifiers.'

Neighbourhood First At Modi's Swearing-In

Neighbourhood First At Modi's Swearing-In

Rediff.com9 Jun 2024

Engagement with neighbours is a strategic imperative, and not an option, asserts Rup Narayan Das.

Marquez's India still searching for 1st win

Marquez's India still searching for 1st win

Rediff.com12 Oct 2024

India play out 1-1 draw with Vietnam in international football friendly

Coach Manolo eyes first win as India take on Vietnam

Coach Manolo eyes first win as India take on Vietnam

Rediff.com11 Oct 2024

Head coach Manolo Marquez will seek his first win with Team India in an international friendly against Vietnam in Nahm Din, Vietnam on Saturday which was originally planned as a Tri-Nation tournament before Lebanon's withdrawal.

Budget sops may lure Mauritius funds to Gift City

Budget sops may lure Mauritius funds to Gift City

Rediff.com17 Feb 2021

As per the Budget proposals, migration of a fund to a fund in IFSC will not be regarded as transfer if done on or before March 31, 2023. Transfer of units will be tax neutral. Grandfathered investments of the fund to continue to enjoy capital gains exemption on future sale by the IFSC fund. There is no impact on carry forward of losses for the investee company.

Paris Paralympics: Medals Table: China top; India 18th

Paris Paralympics: Medals Table: China top; India 18th

Rediff.com9 Sep 2024

The medals tally at the Paris 2024 Paralympics.

US pips Mauritius as India's 2nd largest source of FDI

US pips Mauritius as India's 2nd largest source of FDI

Rediff.com28 May 2021

The US replaced Mauritius as the second largest source of foreign direct investment into India during 2020-21 with inflows of $13.82 billion, according to government data. Singapore remained the top source of foreign direct investment (FDI) into the country for the third consecutive fiscal at $17.41 billion. During the last financial year, India attracted $5.64 billion in FDI from Mauritius, according to the data by the Department for Promotion of Industry and Internal Trade (DPIIT).

India gives $500 million assistance to Mauritius

India gives $500 million assistance to Mauritius

Rediff.com27 May 2017

The two sides signed a maritime security agreement after extensive talks between Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth.

Why Bhutia has called for complete overhaul in AIFF

Why Bhutia has called for complete overhaul in AIFF

Rediff.com13 Sep 2024

'Overall it's time that the federation focuses on how to take Indian football forward. You cannot just have Vision 2046 on paper and not implement things.'

Raai Laxmi, Manushi Tell You How To Travel In Style

Raai Laxmi, Manushi Tell You How To Travel In Style

Rediff.com27 Sep 2024

How to discover beautiful destinations in true-blue filmi style (which simply means you look fabulous as you do so:))!

'Every Citizen On The Border Is A Soldier'

'Every Citizen On The Border Is A Soldier'

Rediff.com1 Nov 2024

'The greatness of India can be experienced by meeting Indians on the frontiers of India.' 'Every citizen on the border is a soldier'

Mouni Raises Temperature In Spain!

Mouni Raises Temperature In Spain!

Rediff.com12 Jun 2024

Kartik promotes Chandu Champion in Ahmedabad...Samantha meditates...Sid preps...

PIX: Kavita Kaushik's Mauritius holiday

PIX: Kavita Kaushik's Mauritius holiday

Rediff.com17 Jul 2017

She had an awesome trip!

NRIs yet to fully warm up to GIFT City's higher FPI limits

NRIs yet to fully warm up to GIFT City's higher FPI limits

Rediff.com20 Sep 2024

The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country's international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.

Post FATF action, Mauritius investors will be eligible to register as FPI

Post FATF action, Mauritius investors will be eligible to register as FPI

Rediff.com25 Feb 2020

Market regulator Sebi on Tuesday said foreign investors from Mauritius will continue to be eligible for FPI registration with increased monitoring as per international norms. The announcement comes after the tax haven was put on the "grey list" of Financial Action Task Force (FATF) -- an inter-governmental policy making body that sets anti-money laundering standards.

Where Are The Stars Holidaying?

Where Are The Stars Holidaying?

Rediff.com27 May 2024

Akshay walks his dog in London... Mouni is in Bali... Sonal in Dubai... And more!

FPIs turn net sellers; pull out Rs 21,201 crore from equities

FPIs turn net sellers; pull out Rs 21,201 crore from equities

Rediff.com18 Aug 2024

Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts. This came after an inflow of Rs 32,365 crore in July and Rs 26,565 crore in June, data with the depositories showed.

Sensex, Nifty tank over 1% on concerns over Middle East conflict

Sensex, Nifty tank over 1% on concerns over Middle East conflict

Rediff.com15 Apr 2024

From the Sensex basket, Tata Motors, State Bank of India, Tata Steel, Power Grid, NTPC, Bajaj Finserv, Bajaj Finance and Asian Paints were the major laggards.