The Netherlands has emerged as India's fifth-largest export destination in 2021-22 (FY22), jumping from its 10th position a year ago. Exports to the fifth-largest economy in the European Union (EU) bolted 94 per cent to $12.5 billion in the financial year ended March 31. In FY22, the Netherlands surpassed Hong Kong, Singapore, the UK, Germany, and Nepal to become India's largest export destination in the EU. Germany, which was earlier India's top European export destination (eighth position), has now dropped two ranks to 10th place.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
Adani Sportsline shelled out a massive Rs 1289 crore for the Ahmedabad team, which emerged the most expensive franchise.
Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said. Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the usual practice of ordering directly from oil companies, widening the losses of retailers. Worst hit are private retailers like Nayara Energy, Jio-bp and Shell, who have so far refused to curtail any volume despite a surge in sales.
Tripling Season 3 does not even make an attempt to entertain, feels Deepa Gahlot.
I-T department is investigating 20 listed companies suspected to have falsely claimed long-term capital gains tax exemption
The case dates back to the time when Lalu was the railway minister in the UPA government.
The ED had on December 23 filed its final report against Bharti and her husband Shailesh Kumar through advocate Nitesh Rana.
Power and money are at the heart of the sordid story -- and it isn't over yet.
This is the highest any Indian company has been ranked on the Fortune Global 500 list.
The BJP had made the land deals a major poll issue in 2014, alleging that Vadra benefited through questionable land use permissions granted by the earlier Congress government in the state.
Energy supermajor Exxon Mobil Corp is in talks to buy a stake in producing oil and gas fields in India, Oil Minister Dharmendra Pradhan said on Wednesday showcasing efforts to raise domestic output to cut imports. Exxon Mobil had in October last year signed a memorandum of understanding (MoU) with state-owned Oil and Natural Gas Corporation (ONGC) to offer its expertise and technology for developing resources in offshore blocks.
A tax fraud case involving Barcelona forward Lionel Messi and his father Jorge should be dropped because of errors in the investigation and court proceedings, their lawyers said.
Indian officials will focus on expanding the country's footprint in oil-rich Siberia when they meet their Russian counterparts at the four-day 7th Eastern Economic Forum beginning Monday in Vladivostok. The two sides will discuss the possibility of joint oil exploration in the area and cooperation in running offshore oil and gas fields Western companies are in the process of exiting, officials said in New Delhi. Pavan Kapoor, India's ambassador to Russia, will lead the official-level talks at the summit scheduled September 5-8.
Just a few weeks ago, Communications Minister Ashwini Vaishnaw did some tough talking with the senior managers of Bharat Sanchar Nigam Ltd, the ailing state-owned telecom service provider. The message was clear: They had to perform, quit by taking the voluntary retirement package or be compulsorily retired from service. The terse message from an otherwise polite and soft-spoken minister came just days after he announced a second and bigger package of Rs 1.64 trillion as part of a four-year turnaround plan for BSNL.
After two years of a record low interest-rate regime, Indian corporate houses are experiencing a sharp and abrupt increase in funding costs. With the Reserve Bank of India last month making an unequivocal turn towards policy tightening amid high inflation, firms looking to tap the capital markets for funds are ending up shelling out more. The yield on the benchmark triple-A-rated corporate bonds maturing in three years has climbed 98 basis points (bps) since the policy rate hike in May. It was last at 7.47 per cent, Bloomberg data showed.
The Enforcement Directorate on Monday arrested Delhi minister Satyendar Jain in connection with a money laundering case, officials said.
Nultiple regulators are probing the nexus of scamsters with diamonds after a state-run bank got defrauded of $1.8 billion by designer jeweller Nirav Modi.
'People will say a lot of things -- ignore the noise.'
The norms will affect companies in pharma, energy, manufacturing, software sectors.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
The Supreme Court-appointed SIT on Friday called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religious bodies under tax net.
Lance Naik Albert Ekka, Param Vir Chakra, was only 28 when he made the supreme sacrifice for the Motherland.
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
The action comes days after the CBI registered an FIR in the country's biggest alleged bank loan fraud case till date.
'If a stranger refuses to pet my Russian dog, what treatment can I expect for myself?'
The Chinese admitted that they had suffered the maximum casualties fighting in the first battle on October 20, 1962, and these casualties had been inflicted mostly by 2 Rajput. Claude Arpi salutes Major B K Pant and his fighting force of 112 men, 82 of whom lost their lives in the Battle of Namkha Chu, and whose courage must never ever be forgotten by a grateful country for who they laid down their lives.
No-frills carrier IndiGo has expressed interest to buy Air India
Reliance Industries, headed by India's richest man Mukesh Ambani, has bought an ultra-luxury Rolls Royce hatchback costing Rs 13.14 crore.
The 2022 World Cup in Qatar, the only major scheduled football event left unchanged after this year's calendar was wrecked by the coronavirus, has become the focus of fresh FIFA corruption allegations after the release of a new US Department of Justice indictment. According to the prosecutors, representatives working for Russia and Qatar bribed FIFA executive committee officials to swing votes in the crucial decision of world football's governing body.
Delhi Chief Minister Arvind Kejriwal's wife, Sunita, took potshots at his former disciple and now chief detractor, Kapil Mishra, on Twitter on Monday. "Law of nature never errs. Seeds of deceit, lies sown, so shall he @KapilMishra reap. Inevitable," the former income tax commissioner tweeted.
The searches at the Tamil television channel were conducted over alleged tax evasion.
The agency has issued a provisional order attaching the farmhouse located in south Delhi's Mehrauli area under the provisions of the Prevention of Money Laundering Act. It said the book value of the asset is Rs 6.61 crore but its market value is "worth Rs 27 crore and is in the name of Maple Destinations & Dreambuild".
Jaitley did not say if it will be an outright sale or partial divestment.
Barcelona and Argentina forward Lionel Messi had nothing to do with his own tax affairs and should not be included in an investigation into an alleged fraud, his father Jorge has insisted.
The BCCI will be expecting the two new IPL franchises to go for Rs 7000 crore to Rs 10,000 crore each at the bidding process which begins in Dubai on Monday.
December 2022 could be the last Christmas for Santha Bakery, a business drawing its lineage from the first Christmas cake baked in Kerala.
Lionel Messi is optimistic his advisers will be able to sort out his tax problems after he and his father were accused of defrauding the Spanish authorities last month.
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
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