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About 25 results for "Mauritius Based Company"

Balance sheets, electronic data of Gitanjali group under CBI scrutiny

CBI scans balance sheets of 18 Gitanjali group subsidiaries

The CBI is examining balance sheets of 18 India-based subsidiaries of the Gitanjali group of companies, promoted by Mehul Choksi, to understand the money trail of funds taken from various banks. The funds were taken on the basis of Rs 11,384 crore of ... Deccan Herald, 3 weeks ago

Did Karti help Bengaluru firm get FDI?

Investigators are scanning through a series of payments received by a company "indirectly" linked to former Finance Minister P Chidambarams son Karti, for services, including arranging government clearance for FDI in a Bengaluru firm. The CBI and Enforcement ...
 Deccan Herald2 weeks ago

ED probing 120 shell companies linked to Nirav Modi, Choksi

New Delhi: The Enforcement Directorate (ED) is probing 120 shell companies allegedly linked to dimond trader Nirav Modi and Gitanjali Group chief Mehul Choksi even as Income Tax officials claimed to have found two companies linked to Nirav that received Rs ...
 Sify3 weeks ago After IT, ED likely to probe Nirav Modi's sister  Sify2 weeks ago

Budget 2018 Impact: Sensex Slumps 500 Points; mid-Caps, small-Caps fall most in over a year

PC Jeweller Off Day's Low, Still Down 17% Shares of the Delhi-based jeweller which fell as much as 60 percent came off day's low but were still down 17 percent at Rs 400. Real Estate Shares Fall Dragged By DLF, Indiabulls Real Estate Shares of real estate ...
 Sify1 month ago

VVIP chopper scam: Court reserves order in Businessman Rajeev Saxena's bail plea

A Delhi court on Wednesday reserved its order for February 3 on bail plea of Rajeev Saxena, a director of a Dubai-based firm. On January 5, Saxena moved the court seeking cancellation of Non-Bailable Warrant (NBW) against him in money laundering case related ...
 catchnews.com1 month ago VVIP chopper scam: Businessman Rajeev Saxena moves court  Sify2 months ago VVIP chopper scam: Order reserved on Shivani Saxena's plea  Sify2 months ago

How FPIs are avoiding taxes on gains from non-convertible debentures

Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes. Foreign portfolio investors (FPIs) are nowadays categorising the gains from non-convertible debentures (NCDs) as interest income to benefit from tax arbitrage, a stark contrast to the earlier practice of showing such income as capital gains.   Currently, the interest income of FPIs is subjected to five per cent withholding tax, against 15-20 ...
 Rediff.com2 months ago

INX Media Case: Karti Chidambaram moves Supreme Court challenging ED dominion

On 28 February, CBI held Karti Chidambaram at Chennai airport after he landed from the UK for non-corporation in the matter. He was being interrogated at the airport lounge, and later taken to Delhi and was produced him at CBI court. After which Karti now ...
 catchnews.com1 week ago A long legal battle awaits Chidambarams  Rediff.com2 weeks ago CBI arrests Karti Chidambaram in INX media case  Deccan Herald2 weeks ago INX media PMLA case: Karti Chidambaram appears before ED  Deccan Herald1 month ago

Of Global Markets Correcting, Block Deals in February and Top Stocks in Action During the Week

Posted by Equitymaster The sell-off in the global markets continued during the week. The US benchmark index faced downward pressure on fears of the new federal reserve chief raising interest rates four times this year instead of the three as expected. This ...
 Equitymaster.com2 weeks ago

Intesa Sanpaola SPA (HK) only foreign bank to be affected by PNB fraud

New Delhi: The only foreign bank affected in Nirav Modi/Mehul Choksi fraud case turns out to be Intesa Sanpaolo SPA whose Hong Kong branch was called upon to provide money to Gitanjali Gems against a foreign letter of credi (FLC) issued by the Punjab National ...
 Sify4 weeks ago

PNB fraud: CBI registers fresh FIR against Mehul Choksi

The Central Bureau of Investigation has registered a fresh first information report against Gitanjali Group promoter Mehul Choksi in connection with alleged fraud in the issuance of Letters of Understanding worth Rs 11,400 crore from Punjab National Bank, officials said on Friday.The CBI has alleged that the new FIR pertains to 143 LOUs worth over Rs 4,886 crore fraudulently issued to three companies of Choksi -- Gitanjali Gems, Nakshatra and Gili -- during the period 2017-18, they said.The ...
 Rediff.com4 weeks ago
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