News for 'shell companies'

For directors in debarred cos, liability doesn't end

For directors in debarred cos, liability doesn't end

Rediff.com27 Sep 2017

Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.

Tripling Season 3 Review: Dull And Meaningless

Tripling Season 3 Review: Dull And Meaningless

Rediff.com21 Oct 2022

Tripling Season 3 does not even make an attempt to entertain, feels Deepa Gahlot.

Women's IPL: BCCI earns Rs 4669.99 crore windfall for 5 teams

Women's IPL: BCCI earns Rs 4669.99 crore windfall for 5 teams

Rediff.com25 Jan 2023

Adani Sportsline shelled out a massive Rs 1289 crore for the Ahmedabad team, which emerged the most expensive franchise.

Remembering A 1971 War Hero

Remembering A 1971 War Hero

Rediff.com17 Dec 2021

Lance Naik Albert Ekka, Param Vir Chakra, was only 28 when he made the supreme sacrifice for the Motherland.

'Many people thought I'd never clear the exam'

'Many people thought I'd never clear the exam'

Rediff.com9 Aug 2023

'When I saw my name in the list, it was unbelievable.'

ED arrests AAP's Himachal incharge Satyendar Jain in money laundering case

ED arrests AAP's Himachal incharge Satyendar Jain in money laundering case

Rediff.com30 May 2022

The Enforcement Directorate on Monday arrested Delhi minister Satyendar Jain in connection with a money laundering case, officials said.

Bank fraud: ED registers money laundering case against ABG Shipyard

Bank fraud: ED registers money laundering case against ABG Shipyard

Rediff.com17 Feb 2022

The action comes days after the CBI registered an FIR in the country's biggest alleged bank loan fraud case till date.

Indian corporate houses face a sharp, abrupt increase in funding costs

Indian corporate houses face a sharp, abrupt increase in funding costs

Rediff.com28 Jun 2022

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.

India keen to expand footprint in oil-rich Siberia

India keen to expand footprint in oil-rich Siberia

Rediff.com6 Sep 2022

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.

Mukesh Ambani picks up Rolls-Royce costing Rs 13.14 crore

Mukesh Ambani picks up Rolls-Royce costing Rs 13.14 crore

Rediff.com4 Feb 2022

Reliance Industries, headed by India's richest man Mukesh Ambani, has bought an ultra-luxury Rolls Royce hatchback costing Rs 13.14 crore.

Taxman eyes Rs 100bn in recovery from 'struck-off' cos

Taxman eyes Rs 100bn in recovery from 'struck-off' cos

Rediff.com20 Aug 2018

The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.

India Inc shells out Rs 756 cr FBT

India Inc shells out Rs 756 cr FBT

Rediff.com20 Feb 2006

How BSNL can turn around its fortune post Rs 1.64-trn govt package

How BSNL can turn around its fortune post Rs 1.64-trn govt package

Rediff.com1 Sep 2022

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.

Post Air India sale, IAF may own PM's aircraft

Post Air India sale, IAF may own PM's aircraft

Rediff.com20 Jul 2017

The government is also planning to replace the current ageing Air India One or Boeing 747 with Boeing 777s. Arup Roychoudhury and Archis Mohan report.

NDTV's Prannoy Roy booked for FDI norms violation

NDTV's Prannoy Roy booked for FDI norms violation

Rediff.com22 Aug 2019

It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions.

From top jeweller to liquidation, how Gitanjali Gems lost its sheen

From top jeweller to liquidation, how Gitanjali Gems lost its sheen

Rediff.com2 May 2019

Once a stock market darling, the jewellery chain heads for liquidation.

Indian Corporate Refugees Say 'Dasvidania' to Moscow

Indian Corporate Refugees Say 'Dasvidania' to Moscow

Rediff.com21 Jun 2022

'If a stranger refuses to pet my Russian dog, what treatment can I expect for myself?'

Sebi to ban cos which use stock markets to launder black money

Sebi to ban cos which use stock markets to launder black money

Rediff.com8 Feb 2015

Sebi found a typical pattern in trading of shares of these companies.

Gautam Adani cements hold over Ambuja, son Karan is chairman of ACC

Gautam Adani cements hold over Ambuja, son Karan is chairman of ACC

Rediff.com16 Sep 2022

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.

US blacklists South Africa's Gupta family over widespread corruption

US blacklists South Africa's Gupta family over widespread corruption

Rediff.com10 Oct 2019

The Gupta family has relocated to Dubai amid corruption charges against them in South Africa.

Messi makes five million euros 'corrective payment' in tax fraud case

Messi makes five million euros 'corrective payment' in tax fraud case

Rediff.com5 Sep 2013

Barcelona forward Lionel Messi and his father Jorge have paid five million euros (4.2 million pounds) to the Spanish authorities after they were accused in June of filing false tax returns, a court statement said on Wednesday.

The Unsung Heroes of the 1962 War

The Unsung Heroes of the 1962 War

Rediff.com20 Oct 2022

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.

Adani, Goenka could lead the charge at IPL team bidding

Adani, Goenka could lead the charge at IPL team bidding

Rediff.com24 Oct 2021

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.

The nefarious world of C Sivasankaran

The nefarious world of C Sivasankaran

Rediff.com30 Apr 2018

Corporate ministry documents show that the Siva's firm kept taking loans from public sector banks like State Bank of India, Punjab National Bank which gradually turned to bad loans.

'Brilliant businesses were not built on money, but on great ideas'

'Brilliant businesses were not built on money, but on great ideas'

Rediff.com6 Feb 2023

'People will say a lot of things -- ignore the noise.'

Now, Mukesh Ambani picks up stake in Epic TV

Now, Mukesh Ambani picks up stake in Epic TV

Rediff.com8 Jul 2013

Billionaire industrialist Mukesh Ambani has turned a venture capitalist and is backing a new television channel Epic TV due to go on air next month.

ED attaches UB Holdings, Mallya assets worth Rs 1,411 cr

ED attaches UB Holdings, Mallya assets worth Rs 1,411 cr

Rediff.com12 Jun 2016

Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore

ONGC seeks new petroleum exploration licence

ONGC seeks new petroleum exploration licence

Rediff.com4 Mar 2020

RIL and Shell ceased production from the fields in 2016, and ONGC has already been using Tapti infrastructure for its other fields for better optimisation.

Lalu's daughter Misa Bharti gets bail in money laundering case

Lalu's daughter Misa Bharti gets bail in money laundering case

Rediff.com5 Mar 2018

The ED opposed the bail plea of the accused, saying they indulged in a "very serious" economic offence.

Ahead of civic polls, BJP, AAP at loggerheads again

Ahead of civic polls, BJP, AAP at loggerheads again

Rediff.com11 Sep 2020

After an apparent truce between AAP and the BJP following the Delhi polls, sparks are flying once again. Radhika Ramaseshan reports.

Airbus payout adds new twist in Rafale vs Eurofighter deal

Airbus payout adds new twist in Rafale vs Eurofighter deal

Rediff.com12 Feb 2018

Airbus' $99 million payout puts a new light on Eurofighter's 'unsolicited bid' to the Modi government, reducing the cost of the Typhoon fighter by 20 per cent, making it in retrospect significantly cheaper than the Rafale.

Death toll in Gaza soars to 188; ceasefire likely with US pressure

Death toll in Gaza soars to 188; ceasefire likely with US pressure

Rediff.com16 May 2021

The death toll in Palestine due to Israeli airstrikes has reached 188 as the conflict entered its seventh day on Sunday.

Reliance breaks into top 50 most valued cos globally

Reliance breaks into top 50 most valued cos globally

Rediff.com23 Jul 2020

Together with the firm's partly-paid shares that were issued in the recent rights issue and are traded separately, the company had a combined m-cap of Rs 13.5 lakh crore or over $181 billion.

Mahindra warns of 20-25% production loss due to chip shortage

Mahindra warns of 20-25% production loss due to chip shortage

Rediff.com3 Sep 2021

For Mahindra & Mahindra (M&M), which has just started executing a comeback strategy for wresting back ground it lost to rivals, this could not have come at a worse time. The maker of the Bolero Neo and the Thar models on Thursday said it would have to halt production at its automotive plant for a week due to the worsening supply situation of semiconductors.

Top pharma company exec shot at in Hyderabad

Top pharma company exec shot at in Hyderabad

Rediff.com19 Nov 2014

An AK-47 rifle wielding man allegedly tried to abduct Aurobindo Pharma's Director K Nityananda Reddy from his car near a park and opened fire when Reddy and his brother resisted in the posh Banjara Hills on Wednesday morning.

Nirav Modi's Taiwan, Surat, Hong Kong and Dubai connections

Nirav Modi's Taiwan, Surat, Hong Kong and Dubai connections

Rediff.com20 Feb 2018

Documents accessed by Business Standard show owners of suspected Hong Kong-based shell companies are spread across the globe.

Beijing deserting Russia? Two Chinese banks suspend business with Moscow

Beijing deserting Russia? Two Chinese banks suspend business with Moscow

Rediff.com7 Mar 2022

Radio Free Europe reported that the Asian Infrastructure Investment Bank, a Chinese-led development bank, suspended all business with Russia and Belarus on March 3.

A Last Christmas for Santha Bakery

A Last Christmas for Santha Bakery

Rediff.com27 Oct 2022

December 2022 could be the last Christmas for Santha Bakery, a business drawing its lineage from the first Christmas cake baked in Kerala.

Pandemic slows privatisation of train services

Pandemic slows privatisation of train services

Rediff.com26 Aug 2021

Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.

P-notes may take a hit on new tax treaties

P-notes may take a hit on new tax treaties

Rediff.com24 Mar 2017

Besides higher tax outgo, P-note issuers are worried about operational difficulties