Meanwhile, Bird Air Services Pvt Ltd., a wholly-owned subsidiary of Bird Group, signed a comprehensive marketing agreement with Pacific Propeller Intl, a global repair and overhaul services provider to several regional airlines and military aircrafts.
The Enforcement Directorate has registered a money laundering case against Karti Chidambaram, son of former finance minister P Chidambaram, and others, taking cognisance of a recent CBI FIR against them.
Max India Ltd plans to acquire 49 per cent shares of Cosmat Max held by Cosmat Investments Inc, Mauritius.
Thirteen individuals from the Indian Diaspora have been conferred with the Pravasi Bharatiya Samman at the seventh edition of the Pravasi Bharatiya Divas, underway in Chennai
This would allow Japanese companies to invest directly in India, rather than the current norm of coming through Singapore and Mauritius.
In a grand ceremony with overtones of a United States presidential inauguration, heads of state and government, India Inc honchos, opposition leaders, Bharatiya Janata Party members and showbiz stars rubbed shoulders as they watched President Ram Nath Kovind administer the oath of office to India's 58 new ministers.
Two organisations tracking tax violations and money laundering worldwide identify totally different sets of countries for lack of financial transparency.
A livid Mary Kom asked her vanquished opponent Nikhat Zareen to prove herself in the ring instead of making irritating comments.
The Enforcement Directorate (ED) has sought legal assistance from Singapore and Mauritius to take forward its probe in the alleged financial irregularities in the Indian Premier League tournament (IPL) and its former chairman Lalit Modi.
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
'So many things opened up for me after I did the show.'
Military sources said the research ship Shi Yan 1 forayed into Indian waters in September but was forced to retreat after it was suspected to be involved in spying.
Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut
Officials said the agency seized a number of documents during the searches from the premises of the firms and entities brought under the action as they were 'connected'.
Reinterpreting long-established tax treaty provisions by the tax authorities creates confusion and has to be avoided as it affects investment into India.
"You can change friends but not neighbours," Atal Bihari Vajpayee famously said this 15 years ago.
Foreign fund house Citigroup Global Markets Mauritius on Tuesday bought 0.97 per cent stake in Tata Motors for Rs 350.13 crore (Rs 3.50 billion) through open market transaction -- as part of the 5.34 per cent residual stake that Dailmer sold in the country's largest automaker.
State-run MTNL has put its overseas acquisitions plans on the backburner for the time being as it decides to focus on improving its marketshare in Delhi and Mumbai--the only places where it operates.
Foreign direct investment (FDI) in India almost doubled to $2.16 billion in December 2014, compared to $1.10 billion in the same month of 2013.
In 2011-12, 2010-11 and 2009-10, the sector attracted FDI worth $1.99 billion, $1.66 billion and $2.55 billion respectively.
The Foreign Investment Promotion Board seems to have laid to rest the controversy surrounding FDI investments routed via Mauritius.
Veteran cueist Geet Sethi survived a scare against Malta's Simon Zammit, while Pankaj Advani had a field day against Moosa Saleem of Mauritius on the second day of the ONGC-World Snooker Championship in Hyderabad on Monday.
The second charge sheet may highlight some more financial transaction made by Raju and some of his associates.
VDS schemes in the past offered amnesty to people declaring black money and paying tax. This policy has been criticised as it amounted to penalising honest tax payers by asking them to pay tax at higher rates.
What must be worrying the mandarins in the North Block is that the reply of the finance ministry completely contradicts the decision of the SAT in the Goldman Sachs case. Surely we are in for interesting political times.
The Foreign Investment Promotion Board (FIPB) has cleared global hospitality major Hyatt group's proposal to set up 'Hyatt Place' hotels in the country in a joint venture with realty firm Emaar MGF, with an investment of about Rs 125-150 crore (Rs 1.25-1.5 billion).
Describing 'Ramcharitmanas' as a great work which imbibes the "essence of India", Prime Minister Narendra Modi on Monday released the digital version of a musical production on the epic recorded by All India Radio.
Demand on capital gains on Idea share sale by Mauritius subsidiary; Fema and telecom regulation violations also alleged
Mary will be up against fellow Indian and Asian Championships bronze medallist Nikhat Zareen in a blockbuster semi-final as the duo confirmed two medals for India.
The government on Friday said there was no proposal to bring amnesty scheme for declaring undisclosed income.
Total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 bn and $75.71 bn, respectively
In his petition, Karti contended that the July 18 circular had been issued arbitrarily and without jurisdiction by the Foreigner Regional Registration Officer and The Bureau of Immigration under the Union home ministry at the behest of different agencies to prevent him from travelling abroad.
Police are yet to contact banks whose credit cards are said to have been found from terrorists who carried out brazen attacks on Mumbai.
India is 'patiently' awaiting Pakistan Prime Minister Nawaz Sharif's response to the invitation for swearing in of Narendra Modi as 'short duration bilateral meetings' are being set up with all the other South Asian Association for Regional Cooperation leaders, who have decided to attend the ceremony on May 26.
An international tribunal has ruled that the Indian government had acted "unfairly" and "inequitably" in annulling a contract between Devas and ISRO's commercial arm Antrix.
Gulf carrier Emirates on Wednesday announced special fares for honeymooners from India, offering an up to 20 per cent discount on both business and economy class travel, to select destinations, including London and Paris.
Britain has become the biggest foreign investor in India with an investment of 560 million, according to a report on investment flows by the Commonwealth Business Council (CBC).
Aditya Birla group firm Idea Cellular on Monday made an open offer to the shareholders of Spice Communications for acquiring additional 20 per cent stake in the telecom services provider for about Rs 1,066.63 crore (Rs 10.66 billion).
I can't see what purpose can be served by an apology by a British government that cannot in any way be blamed for one sadistic man running amok 100 years ago, argues Sunanda K Datta-Ray.
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