The notice, under provisions of the Foreign Exchange Management Act, has been issued by the Mumbai office of the agency after its probe found that the group has 'contravened' the law as it failed to comply with Reserve Bank of India norms by not declaring funds generated by some wholly owned subsidiaries the group had raised overseas few years back, according to ED sources.
Rose Valley is one of the biggest money businesses after Sahara.
Support from the committee gives Xi an indefinite extension on the reins of power, which will surely result in hawkish and insular policies. It does not bode well for relations with the USA, or with anyone else who does not bow the knee to Beijing, for that matter.
The Council also discussed process to make return filing simpler with just one return to be filed every month.
Under the EB-5 visa programme you can become a US citizen provided you invest $500,000 in an approved project and create targeted employment. But only 700 Indians can do so each year.
Modi's Make in India will work only if the cost of borrowing comes down.
A large number of companies, either based out of this eastern state or having a significant presence there, are being probed for running illicit 'collective investment schemes', while penal action has already been initiated by Sebi against over 20 other entities from the region.
Supertech Managing Director Mohit Arora said the company will file a review petition in the SC.
The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.
In February this year, Donald J Trump Jr, 40, had travelled to four Indian cities, New Delhi, Mumbai, Pune and Kolkata, to promote the high-rise luxurious condos being build by the Trump Organization, of which US president Donald Trump is the sole owner.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
Arun Jaitley declared proposal for a comprehensive law.
Modi sarkar will have to undertake reforms to prove its mettle.
Amid frequent face offs between the government and opposition, Finance Minister Arun Jaitley on Wednesday said political discourse in the country has become "more vulgar".
My aim will be to get the Real Estate (Regulation and Development) Bill, recently cleared by the cabinet, tabled and passed in Parliament, says Girija Vyas.
The bench asked the official liquidator, attached with the Bombay high court, to auction Aamby Valley properties, estimated to be worth Rs 34,000 crore, and directly report to it
A bench of Justices Arun Mishra and U U Lalit said, if home buyers are not ready to pay their outstanding amount, then the court will have to bundle up the projects.
Coming from a family that has a 140-year history of growing coffee, Siddhartha, 59, initially dabbled in stock trading and wanted to work as an investment banker in Mumbai after completing his Master's in Economics from Mangalore University.
There's a need to train 40,000 pilots over the next year-and-a-half.
The order was passed with dissent by two members, and four members feeling that there had been abuse of the search engine's dominant position.
Real estate barons Sushil and Gopal Ansal on Wednesday escaped being jailed in the 18-year-old gruesome Uphaar Cinema fire tragedy in which 59 people died.
The businessman, Pankaj Gangar, used to transfer the money to Shakeel
Sahara made an overseas direct investment against RBI rules.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of $1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute. The New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI. This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the fresh government enacting a fresh law to scrap retrospective taxation in the country.
The PM blamed the UPA regime for the problems in the banking sector.
'Of all of the branches and networks of ISIS, ISIS-K is certainly one of those of most concern.'
ISRO hopes to put a crew on the moon, but it has to learn how to keep people alive and healthy in space first.
Lenders to Venugopal Dhoot-founded Videocon Group will eventually take 50-55 per cent haircut and not 95 per cent as is being reported after considering about Rs 15,000 crore expected from the sale of the group's overseas oil and gas assets, its former CFO Rajneesh Gupta claimed. Videocon Industries Ltd, which is comprised of its consumer electronics business and interest in the Ravva oil and gas field, and its overseas oil and gas assets, mainly comprising of oil blocks in Brazil, are being auctioned separately to recover unpaid loans. While Anil Agarwal-led Vedanta Group has picked up Videocon Industries for Rs 2,962 crore, the bids for overseas assets are yet to be decided.
It was the relentless pursuit of justice over a decade by a group of senior citizens that resulted in the Supreme Court's order for demolition of the illegal 40-storey twin towers of a real estate group in Noida.
The agency's latest action, under Prevention of Money Laundering laws, had been taken against the borrower company and its two group companies, which owe the investors Rs 922 crore (Rs 9.22 billion), sources said.
Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming low-cost airline Akasa Air. Founded by former Jet Airways chief executive officer (CEO) Vinay Dube, the venture counts ace stock trader and investor Rakesh Jhunjhunwala as its biggest financial backer with an investment of around Rs 300 crore. A person with knowledge of the development said most of the people were well known to Jhunjhunwala and Dube, who approached them during the conception stage.
Budget has several small steps which will boost growth
Nancy Pelosi's gritty refusal to backtrack on her plans to visit Taiwan is part of who she is.
Patel, who headed the RBI from September 2016 till his sudden resignation in December 2018, says in his book thta the government seemed to lose enthusiasm for the new bankruptcy law in the middle of the year he left the central bank. Though Patel does not name anybody in the book, the mid-2018 period he refers to is the time when Piyush Goyal held temporary charge of the finance ministry between May and August.
Turns down firm's plea for stay on CCI order; final order pending
In "A Higher Loyalty: Truth, Lies, and Leadership", James Comey will "explore what good, ethical leadership looks like and how it drives sound decisions", according to Pan Macmillan, which has acquired the publishing rights in the United Kingdom and the Commonwealth excluding Canada.
Downton Abbey: A New Era premiered at the Metropolitan Opera House in New York on May 15. Guess who was there to celebrate?
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
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