News for 'shell companies'

Shell, Govt tiff on LNG transport

Shell, Govt tiff on LNG transport

Rediff.com4 Feb 2005

The government on Friday said companies wanting to import liquefied natural gas will have to use Indian-flagged vessels - a stipulation which may further delay commissioning of Royal Dutch/Shell's Hazira terminal in Gujarat.

ED attaches over Rs 48 cr assets of Partha Chatterjee

ED attaches over Rs 48 cr assets of Partha Chatterjee

Rediff.com19 Sep 2022

According to the agency, several of the attached properties were registered in the name of shell companies and persons acting as proxies for Chatterjee.

'No one knows who funds the BJP'

'No one knows who funds the BJP'

Rediff.com16 Feb 2024

'Who has given how much money to which party, the people of India must know this fact.'

Shell transferring thousands of jobs to India

Shell transferring thousands of jobs to India

Rediff.com16 Dec 2009

Royal Dutch Shell has also announced that it would slash 5,000 jobs by year end, including 'hundreds' in Houston as part of a sweeping reorganisation new CEO Peter Voser said is needed to make the company more competitive.

If Modi is not a friend of Adani, then...: Rahul Gandhi

If Modi is not a friend of Adani, then...: Rahul Gandhi

Rediff.com8 Feb 2023

Gandhi said the prime minister did not answer the questions he had posed to him.

Shell may sell part LNG stake

Shell may sell part LNG stake

Rediff.com8 Aug 2006

The Woman Who Lost Everything

The Woman Who Lost Everything

Rediff.com13 Nov 2024

When the landslide hit, Sruthi's house was washed away, along with its inhabitants. She lost her entire family and some relatives. All she had left for a close confidante was her fiance Jenson. Days after the landslide and the loss of her family, Jenson died in a road accident that also left Sruthi with serious injuries. News of the accident and Sruthi's backdrop as the lone surviving member of a family wiped out in the July landslide, was picked up by the media, and people rushed to help.

How did investors miss Byju's numerous red flags?

How did investors miss Byju's numerous red flags?

Rediff.com18 Mar 2024

Byju's is set to go the way of Housing.com and Zilingo. It is only a matter of time. Indeed, the coup attempted by investors will ensure that, says Debashis Basu.

Kolkata Firms Who Bought Electoral Bonds

Kolkata Firms Who Bought Electoral Bonds

Rediff.com25 Mar 2024

Trinamool Congress is the second highest recipient of political donations through electoral bonds.

Shell to set up new model petrol pumps

Shell to set up new model petrol pumps

Rediff.com6 Mar 2007

Petroleum products company Shell India Marketing Pvt Ltd (Shell Marketing) said on Thursday that it would follow the "company-owned retailer-operated" model to set up a network of petrol pumps across the country.

Money laundering case: Misa Bharti grilled for 8 hours by ED

Money laundering case: Misa Bharti grilled for 8 hours by ED

Rediff.com11 Jul 2017

The officials said her statement was also recorded under the Prevention of Money Laundering Act.

Airtel, Vi to raise mobile tariff by 10-24% from first week of July

Airtel, Vi to raise mobile tariff by 10-24% from first week of July

Rediff.com28 Jun 2024

Bharti Airtel and Vodafone Idea will roll out revised mobile service tariffs increasing rates in the range of 10-24 per cent from the first week of July. Bharti Airtel announced a 10-21 per cent hike in prepaid and postpaid mobile tariffs from July 3, a day after larger rival Reliance Jio announced an increase in rates. Later in the day, loss-making telecom operator Vodafone Idea (Vi) also announced its plan to raise mobile tariffs by 11-24 per cent from July 4.

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Adani slips to No 30, group stocks lose Rs 12 lk cr in 1 month

Rediff.com26 Feb 2023

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.

FIPB rider on Shell's retail plan

FIPB rider on Shell's retail plan

Rediff.com6 Sep 2003

Chidambaram asked Peter, Indrani to take care of Karti: ED tells SC

Chidambaram asked Peter, Indrani to take care of Karti: ED tells SC

Rediff.com23 Aug 2019

The ED told the apex court that during the investigation it found Chidambaram had 11 'immovable properties' and 17 bank accounts abroad and his custodial interrogation was required to unearth the larger conspiracy in the case.

ED attaches assets of Uddhav Thackeray's brother-in-law

ED attaches assets of Uddhav Thackeray's brother-in-law

Rediff.com22 Mar 2022

Shridhar Madhav Patankar, the brother of Thackeray's wife Rashmi, "owns and controls" Shree Saibaba Grihanirmiti Private Limited, it said.

IOC, BPCL open to buying Shell retail outlets

IOC, BPCL open to buying Shell retail outlets

Rediff.com12 Jul 2010

Shell India, the domestic arm of Royal Dutch Shell Plc, had offered for sale 20 of its 80 operational retail outlets and around 20 sites acquired earlier for setting up such outlets.

Sensex sinks 260 pts as Sebi order spooks markets

Sensex sinks 260 pts as Sebi order spooks markets

Rediff.com8 Aug 2017

Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.

Lalu's son-in-law appears before ED in money laundering case

Lalu's son-in-law appears before ED in money laundering case

Rediff.com12 Jul 2017

Lalu's daughter was grilled by the ED on Tuesday for about eight hours.

Chidambaram: 'Probe points to irregularities in 4 other firms'

Chidambaram: 'Probe points to irregularities in 4 other firms'

Rediff.com22 Aug 2019

Apart from INX Media and Aircel-Maxis, the four other firms which are under the scanner are Diageo Scotland, Essar Steel, Katara Holdings and Elforge Ltd. These firms were granted FIPB approval when Chidambaram was the FM, reports Shrimi Choudhary.

ED alleges Satyendar Jain getting special treatment in Tihar

ED alleges Satyendar Jain getting special treatment in Tihar

Rediff.com30 Oct 2022

Delhi Minister Satyendar Jain has been getting special treatment inside the Tihar Jail, sources said quoting an affidavit filed by the Enforcement Directorate in the trial court as he meets with his wife regularly.

Cong gets fresh IT notices for Rs 1,800 cr; alleges it's tax terrorism

Cong gets fresh IT notices for Rs 1,800 cr; alleges it's tax terrorism

Rediff.com29 Mar 2024

Ramesh alleged that through the "electoral bonds scam", the Bharatiya Janata Party has collected Rs 8,200 crore and used the route of "pre-paid, post-paid, post-raid bribes and shell companies".

India's oil giant, Shell arm ink pact

India's oil giant, Shell arm ink pact

Rediff.com9 Feb 2006

Shell Bitumen India Private, a subsidiary of Shell group of companies, has entered into a pact with Oil and Natural Gas Corporation for manufacturing bituminous products and marketing.

Sanjay Raut's aide turned witness tells ED of MP's financial dealings

Sanjay Raut's aide turned witness tells ED of MP's financial dealings

Rediff.com20 Sep 2022

Shiv Sena MP Sanjay Raut routed his unaccounted money through various shell companies opened in the name of his family members and associates, his former aide and prime witness in the money laundering case linked to the redevelopment of Patra 'chawl' project told the Enforcement Directorate (ED).

Essar in talks to buy 3 Shell refineries

Essar in talks to buy 3 Shell refineries

Rediff.com31 Oct 2009

Essar Oil is in talks with Royal Dutch Shell to buy two of its refineries in Germany and one in the UK.

Shell not shutting down Hazira

Shell not shutting down Hazira

Rediff.com5 Jan 2006

Royal Dutch/Shell, world's third largest oil and gas firm, on Thursday said its $600-mn Hazira liquefied natural gas import terminal in Gujarat was fully operational and the company had no plans to sell it off.\n\n

Shell's revamp may hit 24,000 jobs

Shell's revamp may hit 24,000 jobs

Rediff.com27 May 2009

Energy giant Royal Dutch Shell has come up with a major restructuring initiative which could affect as many as 24,000 jobs.

Shell shuts down 15 retail outlets

Shell shuts down 15 retail outlets

Rediff.com6 May 2008

Shell is closing 15 of its retail outlets in south India from Wednesday, in the absence of any assistance for private oil companies in the face of rising global crude oil and product prices, the company said on Monday.

Beware, your office may be classified as a shell firm!

Beware, your office may be classified as a shell firm!

Rediff.com31 Aug 2018

The government has already struck off 226,000 companies from the register for not filing statutory returns

New scheme for EVs may put global majors in fast lane

New scheme for EVs may put global majors in fast lane

Rediff.com18 Mar 2024

The new scheme, promoting manufacturing of electric vehicles (EVs) by global majors, will give a fillip to companies like Tesla and its upstart rival Vinfast, both of whom have lobbied for lower import duties from the Centre. While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla's next move will be watched carefully. Four years ago, Musk announced that his company would come to India.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

Post Sebi notice, Hindenberg hauls up Kotak's offshore fund

Post Sebi notice, Hindenberg hauls up Kotak's offshore fund

Rediff.com2 Jul 2024

Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on Tuesday. Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani group, said it has received a show cause notice from the Indian markets regulator Sebi over gains made from betting on the conglomerate's shares.

MCA portal sees 20 times increase in number of authenticated users

MCA portal sees 20 times increase in number of authenticated users

Rediff.com22 Apr 2023

A key feature of the new version is to identify the people transacting on its portal by linking each user ID with the person's permanent account number (PAN), followed by a two-factor authentication through mobiles and email IDs. Those who cannot complete the KYC requirements cannot use the portal.

New twist to Hindenberg-Adani drama

New twist to Hindenberg-Adani drama

Rediff.com7 Jul 2024

US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over USD 150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.

Shell to retail fuel by year-end

Shell to retail fuel by year-end

Rediff.com16 Aug 2004

Anglo-Dutch oil giant Shell will begin auto fuel retailing in India by the end of 2004, Shell India Chairman Vikram Singh Mehta said in New Delhi.\n\n\n\nShell has a licence to set up 2000 \n\n

Shell to source petro products from MRPL

Shell to source petro products from MRPL

Rediff.com7 Jan 2004

World's third largest oil firm Royal Dutch/Shell will source petrol and diesel from Mangalore Refinery and Petrochemicals Ltd for its upcoming 2000 petrol stations in the country.

20 fake accounts, Rs 60 crore found in I-T raid on Axis branch in Noida

20 fake accounts, Rs 60 crore found in I-T raid on Axis branch in Noida

Rediff.com15 Dec 2016

In the search, Rs 60 crore were found in 20 accounts of as many shell companies, an official said, adding the I-T team was scanning the records to trace the directors of these companies.

Shell likely to hawk aviation fuel in India

Shell likely to hawk aviation fuel in India

Rediff.com25 Jun 2007

International oil and gas giant Royal Dutch Shell is all set to foray into distribution of Aviation Turbine Fuel, fuel for airplanes.

Poll bonds not standalone attempt to curb black money, govt tells SC

Poll bonds not standalone attempt to curb black money, govt tells SC

Rediff.com1 Nov 2023

The Centre told the Supreme Court on Wednesday that almost every country, including India, was grappling with the problem of use of black money in elections and the electoral bonds scheme was a "conscious attempt" to eradicate the menace of "unclean money" in the poll process.

More Adani group shares pledged

More Adani group shares pledged

Rediff.com9 Mar 2023

More shares belonging to companies of the embattled Adani Group have been pledged as security for loans taken by the group's flagship firm, a trustee said. SBICap Trustee in notices to stock exchanges said that a further 0.99 per cent shares in Adani Green Energy Ltd were pledged "for the benefits of the lenders" of Adani Enterprises Ltd. An additional 0.76 per cent shares in Adani Transmission Ltd were also pledged to banks, the trustee said. SBICap, which is a unit of State Bank of India (SBI), however did not give details of the loans taken by Adani Enterprises for which the pledge was created.