OVL, the overseas arm of state-run explorer Oil & Natural Gas Corporation, and Oil India Limited agreed in June last year to jointly buy Videocon's 10 per cent interest in the Rovuma Area 1 for $2.475 billion.
Prime Minister's Office wants CBI and tax dept to identify the actual beneficiaries of the transactions made in India and abroad.
Mauritius singled out India for being the fit candidate to become a permanent member while calling for expansion of the 15-member Council which currently has five permanent members -- the US, Britain, Russia, France and China -- and ten non-permanent ones who are elected by the 192-member General Assembly for a two-year term.
Essar group-owned Aegis BPO on Monday said it will acquire Philippines-based BPO, PeopleSupport, for $250 million (around Rs 1,050 crore) in an all-cash deal.
A company spokesperson said the operations in Queensland were small and not expected to make any significant impact in the company's performance.
Reserve Bank of India governor Y V Reddy defended his decision to keep the rates unchanged by saying that all stakeholders should pay an uncertainty premia during uncertain times.
India's boxers are remembered only during a big event, says Olympics medal hope Akhil Kumar. 'Before and after that no one cares.'
The Centre on Thursday cleared 14 Foreign Direct Investment proposals worth Rs 1,257 crore, including those of Mauritius-based Essar Telecom Holdings Ltd and US-based Goldman Sachs Asset Management. The proposals include induction of foreign equity worth Rs 500 crore by Essar Telecom Holdings and Rs 200 crore from GSAM. The investment proposals were cleared by Finance Minister P Chidambaram on the recommendations of the Foreign Investment Promotion Board.
Five years on, US company that won the auction for the aircraft is running pillar-to-post, unable to take possession as DGCA hasn't deregistered the jet
On the eighth day of CWG 2018, the 22-year-old from Hyderabad made everything look so easy as she clinched a comfortable 21-15, 21-9 win over Wendy Chen in a one-sided last-16 clash of the women's singles event that lasted 34 minutes at the Carrara Sports Arena.
The Delhi High Court on Thursday allowed the plea of controversial godman Chandraswami alias Nemi Chand Jain, who is facing prosecution in twelve Foreign Exchange Regulation Act cases, to travel abroad. A bench of Justice Sanjay Kishan Kaul dismissed the Enforcement Directorate's plea that the accused, if permitted to go abroad, may not come back to face trial in the country. Allowing Chandraswami's plea to visit the United Kingdom, United Arab Emirates and Mauritius.
Angola and Kenya were eliminated from the 2010 World Cup finals after failing to make the cut in the African qualifiers.
Declining urgent hearing, the top court observed that judges have more cases 'than they can handle'.
The recipients of the Pravasi Bharatiya Samman Award, presented by President Prathibha Patil at the valedictory function of the 6 th Pravasi Bharatiya Divas, at Vigyna Bhavan in New Delhi on Tuesday.
In a rare order, the Securities Appellate Tribunal on Thursday asked the Securities and Exchange Board of India to bear the costs amounting to Rs 100,000 in a case involving Goldman Sachs. A division bench of Justice N K Sodhi, Arun Bhargava and Utpal Bhattacharya imposed the penalty on the capital market regulator and set aside the adjudication order of September 8, 2006.
The Nifty flirted around 4,000. Volumes high considering that most firangis are still in Mauritius, or wherever, recovering from hangovers.
Tell us who is the hottest of them all! Vote for your favourite!
In a major consolidation in the domestic IT industry, MindTree, a listed IT services company, will acquire Aztecsoft, another listed outsourcing product development firm. MindTree, which has bought four companies in the last eight years, will acquire 32.57 per cent stake in Aztecsoft from e4e Holdings, Mauritius, in an all cash deal for around Rs 117 crore (Rs 1.17 billion).
SP leader Naresh Agrawal alleged that the government was 'deliberately sitting' over the names that have come to light in the leaked documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama.
Last year, the London-headquartered bank had bought a 49 per cent stake in UTI Securities from the Securities Trading Corporation of India for Rs 147 crore. The bank retains the option to raise the stake to 74 per cent this year and the remaining shares by 2010.
The Indian companies, however, invested a much lower $1.59 billion in overseas markets in the previous month May 2014.
The government on Wednesday approved ten foreign direct investment proposals with a total inflow of Rs 2,339 crore (Rs 23.39 billion), including investment banker Morgan Stanley's plan to pump in Rs 1,894 crore (Rs 18.94 billion) in the country.
A senior NIA official claimed that one of the four terrorists involved in the attack on the army camp in Handwara managed to flee.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
The largest private sector lender is also looking to open a full-fledged branch in China, where it already has a representative office, managing director and CEO, Chanda Kochhar said during the bank's 19th annual general meeting in Vadodara.
Bids for the issue, which opens on January 23 and closes on January 25, can be made for a minimum of 18 shares and in multiples of 18 thereafter.
Hyderabad-based ICSA (India) is divesting 14 per cent of its stake to Citigroup Venture Capital International Growth Partnership Mauritius for $30 million
The funds officially held by Indians with banks in Switzerland now accounts for only 0.07 per cent of the total funds kept by all foreign clients in the Swiss banking system.
Several airlines in Vancouver are planning to operate to more Indian destinations, subject to bilateral air traffic rights and their respective fleet strengths.
The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3.
In January 2014, the country had received $2.18 billion FDI.
These investments from strategic international partners would provide Indian commodity markets and MCX access to global know how and technology making them more efficient, competitive and transparent institutions globally.
India's incredible hospitality and heritage has attracted global attention with the country's leading hotel chain, Oberoi Hotels and Resorts grabbing a position among the world's top 10, according to a latest survey.
Overall foreign inflows into the country grew by 8 per cent to $ 24.29 in the last fiscal as against $ 22.42 billion in 2012-13.
The top posts on social media from your favourite Bollywood celebrities.
Tomy was battling for life on the dismasted sailboat Thoriya with a severe back injury, the officials said.
This Diwali, Rakesh Mehta, a senior sales and marketing employee with an IT firm, will celebrate in Australia with his family. Mehta, is one of the top performers of his company and has been rewarded with this 'Diwali Gift'. Other top performers from his company will celebrate their Diwali in New Zealand and Mauritius. In fact, a lot of IT, BPO, pharma companies and banks are rewarding their employees for good performance by sending them to exotic locations.
Amongst the top 10 sectors, telecom received the maximum FDI of $2.47 billion
Stating that English, Chinese and Hindi will rule the digital world in the coming days, Prime Minister Narendra Modi on Thursday noted that the language market was huge and companies can cash in on it by developing apps at the earliest.
The income tax (I-T) department in Mumbai has requested Vodafone to make an application to the assessing officer for determining the exact tax liability resulting from buying out 62 per cent equity stake from Hutchison in Hutchison Essar Ltd.
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