The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
Industry cheers while unions label the move veiled entry of a 'hire & fire' regime.
Sahara had initiated legal action against the US-based firm.
The apex consumer court on Monday issued notice to Nestle India Limited on a Rs 640-crore or Rs 6.40 billion suit against it by the Centre.
The company contented before the tribunal that the amount was paid outside India.
A daily ceiling of Rs 3 translates into maximum annual penalty of Rs 1,095 for every subscriber.
According to sources, both the departments have already laid their claim on the proceeds from the sale of the property
The Aditya Birla group's decision to merge two companies, each with an existing clutch of diverse businesses, flies in the face of the accumulated wisdom regarding conglomerates, says T N Ninan.
Writes to shareholders highlighting its performance, governance practices.
The West Indies Cricket Board will ask for a meeting with its Indian counterparts as it seeks to find a way out of the crisis caused by the abandonment of the recent tour.
The unilateral pressure by US administration on India, at the behest of US Business Associations lobby through US International Trade Commission investigations and request to USTR to enlist India under Priority Foreign Country under Special 301 review, lacks legitimacy under WTO framework, the signatories to the letter said.
One of the biggest ways in which recent government actions have been seen as investor-unfriendly is New Delhi's decision to unilaterally revisit almost every Bilateral Investment Treaty it has signed with other countries, says Mihir S Sharma.
The Supreme Court has dismissed the appeal of ACC Cement, ruling that if a product is manufactured by one firm and sold by another with the latter's brand name, that sale would attract sales tax, not the first transaction.
Left fuming by the West Indian cricketers' mid-series pullout due to a pay dispute with their Board, the BCCI has slapped a damages claim to the tune of Rs 250 crore ($42 million) on the WICB.
Nokia suffered a jolt on Friday when the Supreme Court refused to lift the restraint on sale of its Indian assets, including the Chennai plant, as part of the handset maker's global deal with the Microsoft.
On February 11, 2009, Subhiksha announced that it was closing down all its 1,600 outlets till May 2009.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
Amazon's fulfilment centres, which store products of hundreds of vendors selling on the American online major's platform, are being cited by Karnataka state government authorities as a primary concern in an ongoing tax dispute.
The government has decided to give Rs five lakh each to the next of kin of victims of the 1984 anti-Sikh riots triggered after assassination of the then prime minister Indira Gandhi.
'Malicious files can silently sit in your phone and relay data to hackers without your knowledge.'
Just hours after the powerful Board Of Control For Cricket In India (BCCI) announced they would take legal action against the WICB and were suspending all planned tours of the Caribbean -- moves that could have a devastating financial impact on the West Indies -- officials gathered at a beachside hotel to deal with the fall-out.
Unimaginative increments, persistent refusal of funds have turned the military into an underfed child scared to ask for a full meal.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
Such a will, a cheaper and more convenient option, has to be signed by two witnesses.
Sebi sets Sept 30 deadline to apply for Sahara refund
Do you know that your application can get rejected on account of a not so perfect CIBIL score?
The guidelines, which have made service charge "totally voluntary and not mandatory", will be sent to states for necessary action
MCX Stock Exchange is bullish on breaking-even in one year's time frame.
The merger will result in substantial cost and capex synergies with an estimated net present value of around USD 10 billion after integration costs and spectrum liberalisation payments, with estimated savings of USD 2.1 billion annually from the fourth year of the merger.
A white-label ATM is similar to a normal bank ATM but is not owned by a bank, instead by a private ATM service provider.
A revival in investment is likely to be a key near-term initiative.
Remember to take important documents like no dues certificate.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
India still has to go a long way to implement reforms in various sectors.
It might have been the season of Basant Panchami, but for Pasbola it was definitely Halloween as he set about scaring the wits out of Rangwala, his tone growing harsher.
The 1995 judgment in the Union of India vs Cricket Association of Bengal case emphasised that free speech is essential for a successful democracy and citizens must have a plurality of views and a range of opinions on all public issues, says M J Antony.
His message contained some defiance: he vowed to fight the ban, insisted he had done no wrong and hit out at those who had questioned his integrity and honesty.
IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
Bombay High Court view opposed to this was wrong.
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