Search results for ' Cayman Islands'

Full List of Countries Hit With Trump's 'Reciprocal' Tariffs

Full List of Countries Hit With Trump's 'Reciprocal' Tariffs

Rediff.com19 hours ago

Here is the complete list of tariffs imposed by US President Donald Trump on Wednesday.

FDI drops 5.6% to $10.9 bn in Oct-Dec 2024

FDI drops 5.6% to $10.9 bn in Oct-Dec 2024

Rediff.com3 Mar 2025

Foreign direct investment in India dipped by 5.6 per cent year-on-year to $10.9 billion in October-December quarter of this fiscal due to global economic uncertainties, according to the government data. FDI inflows during October-December 2023-24 stood at $11.55 billion.

New face in Indian Track & Field coaching

New face in Indian Track & Field coaching

Rediff.com16 Feb 2025

Olympic champion Elaine Thompson's mentor Jerry Holness joins as Indian women's 400m coach

Healthy FDI inflows into India to continue in 2025

Healthy FDI inflows into India to continue in 2025

Rediff.com25 Dec 2024

India, averaging over $4.5 billion in monthly foreign direct investment (FDI) inflows since January this year despite global uncertainties and challenges, is tipped to sustain the trend in 2025 on the back of measures by the Prime Minister Narendra Modi-government to enhance the country's investor-friendly appeal. Investor-friendly policies, strong return on investments, skilled manpower, reduced compliance burdens, decriminalising minor industry-related offences, national single window system for streamlined approvals and clearances, and production linked incentive (PLI) schemes are key measures for keeping foreign investors focused on India.

FDI inflows in India cross $1 trillion

FDI inflows in India cross $1 trillion

Rediff.com8 Dec 2024

Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at $1,033.40 billion during the said period.

Boxer Jangra creates history with WBF World title!

Boxer Jangra creates history with WBF World title!

Rediff.com5 Nov 2024

'The first professional Indian boxer to ever win a world title.'

FDI inflows jump 47.8% to $16.17 bn in Q1

FDI inflows jump 47.8% to $16.17 bn in Q1

Rediff.com3 Sep 2024

Foreign direct investment in India jumped 47.8 per cent to $16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at $10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to $5.85 billion and in June to $5.41 billion from $2.67 billion and $3.16 billion, respectively, in the year-ago period.

FDI from Cayman Islands to India jumps three-fold

FDI from Cayman Islands to India jumps three-fold

Rediff.com9 Jun 2020

Similarly, FDI from Cyprus too increased by about three-times to $879 million in the last financial year from $296 million in 2018-19.

Changing complexion: Adani stocks now have prominent investor base

Changing complexion: Adani stocks now have prominent investor base

Rediff.com24 Apr 2024

Amid intense scrutiny from short-sellers and regulators, Adani group stocks have seen a significant shift in their shareholder base: Relatively opaque foreign portfolio investors (FPIs) have given way to more recognisable investors and broad-based funds. The list of large public shareholders - those directly holding at least 1 per cent - is now dominated by entities, such as the state-owned Life Insurance Corporation (LIC), US-based GQG Partners, Abu Dhabi-based International Holding Company, and Qatar Investment Authority's INQ Holding.

Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO

Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO

Rediff.com29 Dec 2023

Veteran industrialist and former Tata Group chairman Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel baby and mother-care product platform FirstCry, in the upcoming IPO. Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company.

Why Cayman Islands is a big headache for taxmen in India

Why Cayman Islands is a big headache for taxmen in India

Rediff.com1 Jun 2020

Equity inflows worth $3.7 billion came from the sunny Caribbean jurisdiction in 2019-20, a 267 per cent increase from the $1 billion registered in 2018-19 making it India's 10th largest source of FDI.

FDI equity inflows dip 24% to $20.48 bn in Q2

FDI equity inflows dip 24% to $20.48 bn in Q2

Rediff.com21 Nov 2023

Foreign direct investment (FDI) equity inflows in India declined 24 per cent to $20.48 billion in April-September 2023, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at $26.91 billion during the first six months of the last fiscal. Inflows during January-March 2023 also contracted 40.55 per cent to $9.28 billion.

Can India Get Nirav Modi, Vijay Mallya From The UK?

Can India Get Nirav Modi, Vijay Mallya From The UK?

Rediff.com1 Jun 2023

It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.

Indians' funds in Swiss banks down 11% to Rs 30k cr on lower deposits

Indians' funds in Swiss banks down 11% to Rs 30k cr on lower deposits

Rediff.com22 Jun 2023

Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday.

FDI equity inflows dip 16% during Apr-Dec to $43.17 bn

FDI equity inflows dip 16% during Apr-Dec to $43.17 bn

Rediff.com25 Feb 2022

Foreign direct investment (FDI) equity inflows into India contracted by 16 per cent to $43.17 billion during the April-December 2021 period, according to data from the Department for Promotion of Industry and Internal Trade (DPIIT). The inflows had stood at $51.47 billion during the corresponding period of the previous year. The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) aggregated at $60.34 billion during the nine month period of the current fiscal year as against $67.5 billion in the year-ago period.

9 Crypto Exchanges Under ED Gaze

9 Crypto Exchanges Under ED Gaze

Rediff.com22 Aug 2022

About 300 fintech firms are under investigation by the ED for allegedly partnering 38 non-banking financial companies for predatory lending practices to charge borrowers high interest rates.

Vodafone Group applies for settlement of retro tax dispute

Vodafone Group applies for settlement of retro tax dispute

Rediff.com3 Dec 2021

Vodafone further said it has "always been confident" that no tax is due on the company. The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets. The rules under the law seek to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets and also refund the amount paid in these cases without any interest. Asked if the company has filed an application with the Indian government to settle the retrospective tax dispute, a Vodafone spokesperson said, "We can confirm we have filed an application".

India gets details of hundreds of Swiss bank accounts in 4th tranche

India gets details of hundreds of Swiss bank accounts in 4th tranche

Rediff.com10 Oct 2022

India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.

Reliance buys New York's premium luxury hotel Mandarin Oriental for $98.15 mn

Reliance buys New York's premium luxury hotel Mandarin Oriental for $98.15 mn

Rediff.com9 Jan 2022

Mandarin Oriental New York, the premium luxury hotel a subsidiary of Reliance Industries is acquiring, is known for its much-in-demand ballroom, five-star spa and eating and drinking venues, including MO Lounge. Liam Neeson and Lucy Liu are among regular guests. Set up in 2003, 248-rooms-and-suites hotel towering over Central Park is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle.

Pandora Papers: A Rich Man's Game

Pandora Papers: A Rich Man's Game

Rediff.com20 Dec 2021

The money stashed away in tax havens is estimated at between $5.6 trillion and $32 trillion, numbers to make your eyes pop, asserts T N Ninan.

ED issues FEMA notice to India's largest crypto exchange

ED issues FEMA notice to India's largest crypto exchange

Rediff.com11 Jun 2021

The Enforcement Directorate on Friday said it has issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA). WazirX, registered under the company named Zanmai Labs Pvt Ltd, was incorporated in December, 2017 as a domestic cryptocurrency start-up and its directors Nischal Shetty and Hanuman Mhatre, along with the company, have been named in the notice issued by the central probe agency after completion of investigation. The agency issued a statement saying that it stumbled upon the transactions of the company during an ongoing money laundering probe into the "Chinese-owned" illegal online betting applications.

US pips Mauritius as India's 2nd largest source of FDI

US pips Mauritius as India's 2nd largest source of FDI

Rediff.com28 May 2021

The US replaced Mauritius as the second largest source of foreign direct investment into India during 2020-21 with inflows of $13.82 billion, according to government data. Singapore remained the top source of foreign direct investment (FDI) into the country for the third consecutive fiscal at $17.41 billion. During the last financial year, India attracted $5.64 billion in FDI from Mauritius, according to the data by the Department for Promotion of Industry and Internal Trade (DPIIT).

ED attaches over Rs 150-crore assets of Unitech promoters

ED attaches over Rs 150-crore assets of Unitech promoters

Rediff.com30 Mar 2021

Properties worth over Rs 150 crore of real estate firm Unitech Group have been attached in a money laundering case, the Enforcement Directorate (ED) said on Tuesday. The assets include a dozen of land pieces measuring a total of 48.56 acres in Gurgaon near Delhi.

India's appeal against Vodafone case hearing in Sep

India's appeal against Vodafone case hearing in Sep

Rediff.com1 Aug 2021

Indian government's appeal against a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc has been transferred to a senior court in Singapore and hearings are scheduled in September, sources said. An international arbitration court had on September 25 last year rejected tax authorities' demand for Rs 22,100 crore in back taxes and penalties relating to the British telecom giant's 2007 acquisition of an Indian operator. The government in December applied in Singapore to set aside the award primarily on jurisdictional grounds.

Jairam Ramesh tenders apology to Vivek Doval in defamation case

Jairam Ramesh tenders apology to Vivek Doval in defamation case

Rediff.com19 Dec 2020

Vivek Doval had filed a defamation case against Jairam Ramesh and Caravan Magazine for their alleged defamatory statements and articles against him. Additional Chief Metropolitan Magistrate Sachin Gupta heard the matter on Saturday.

India files appeal against Cairn award in The Hague

India files appeal against Cairn award in The Hague

Rediff.com23 Mar 2021

India is believed to have challenged in a court in The Hague an arbitration tribunal verdict that overturned its demand for Rs 10,247 crore in back taxes from Cairn Energy Plc -- the second time in three months that it has refused to accept an international award against retrospective tax.

World's top 25 travel destinations

World's top 25 travel destinations

Rediff.com9 Jun 2011

Planning on taking a trip soon or just making a list of places to visit in the near future? You might want to consider these.

Cairn has identified India's assets for seizure in case of non-payment

Cairn has identified India's assets for seizure in case of non-payment

Rediff.com9 Mar 2021

British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand.

Indians' funds in Swiss banks soars by 50% to over Rs 30,000 cr

Indians' funds in Swiss banks soars by 50% to over Rs 30,000 cr

Rediff.com17 Jun 2022

Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 14-year-high of 3.83 billion Swiss francs (over Rs 30,500 crore) in 2021 on a sharp surge in holdings via securities and similar instruments while customer deposits rose as well, annual data from Switzerland's central bank showed on Thursday.

In Charts: FDI inflows revive in FY20, but face Covid test in FY21

In Charts: FDI inflows revive in FY20, but face Covid test in FY21

Rediff.com8 Jun 2020

The inflows came higher in March than in February of 2019-20 despite the lockdown for a week, reports Indivjal Dhasmana.

DoT engages with banks to find solution for telecom sector

DoT engages with banks to find solution for telecom sector

Rediff.com8 Aug 2021

The Department of Telecommunications (DoT) has initiated discussions with banks to address financial stress in the telecom sector, particularly Vodafone Idea Ltd (VIL) that urgently requires fund infusion to stay afloat. There was a meeting of DOT officials and senior bankers on Friday on the issue of Vodafone, sources said, adding that banks have been asked to look for a solution within the prudential guidelines. According to sources, senior officials from the country's biggest lenders State Bank of India and Bank of Baroda were also present among others in the meeting. More such meetings are expected to take place in the coming days, they said.

Is cricket moving in the right direction?

Is cricket moving in the right direction?

Rediff.com30 Apr 2020

Looking to suck out every dollar available, cricket was suffering from an overkill and the coronavirus-forced break should be used to introspect whether the game is heading in the right direction, says West Indies fast bowling great Michael Holding. The 66-year-old cricketer-turned-commentator personally believes hitting the pause button for a while was necessary amid excessive commercialisation of the sport.

India challenges Vodafone arbitration ruling in Singapore court

India challenges Vodafone arbitration ruling in Singapore court

Rediff.com24 Dec 2020

India has challenged in a Singapore court a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc, sources said on Thursday. An international arbitration court had on September 25 rejected tax authorities' demand for Rs 22,100 crore in back taxes and penalties relating to the British telecom giant's 2007 acquisition of an Indian operator. Two sources privy to the development said India had 90 days to file an appeal against the tribunal award, and the same was done in a Singapore court earlier this week.

FDI inflows seen to grow further in the New Year

FDI inflows seen to grow further in the New Year

Rediff.com21 Dec 2021

A series of steps taken by the government to promote ease of doing business and liberalisation of foreign direct investment norms have helped India receive record FDI inflows so far this year, and implementation of measures like PM Gati Shakti, single window clearance and GIS-mapped land bank are expected to further push investments in 2022. Notwithstanding the global slowdown and the COVID-19 pandemic, total foreign direct investments into India rose to a record $81.72 billion in 2020-21. During April-July this fiscal, FDI (foreign direct investment) into the country increased by 62 per cent to $27.37 billion.

Blow to India as US, UK courts confirm $1.4 bn award to Cairn

Blow to India as US, UK courts confirm $1.4 bn award to Cairn

Rediff.com8 Mar 2021

Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc - a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi does not pay, sources said. Cairn Energy had moved courts in nine countries to enforce its $1.4 billion arbitral award against India, which the company won after a dispute with the country's revenue authority over a retroactively applied capital gains tax. Of these, the December 21 award from a three-member tribunal at the Permanent Court of Arbitration in the Netherlands has been recognised and confirmed by courts in the US, the UK, Netherlands, Canada and France, three people with knowledge of the matter said.

IMAGES: Meet the Miss Universe 2011 contestants!

IMAGES: Meet the Miss Universe 2011 contestants!

Rediff.com8 Sep 2011

The Miss Universe 2011 pageant is fast approaching on September 12. In a countdown to D-Day, we'll be introducing you to all 89 contestants from around the world.

Cairn Energy CEO Thomson to meet FM next week over arbitration award

Cairn Energy CEO Thomson to meet FM next week over arbitration award

Rediff.com10 Feb 2021

A senior company executive said the company waited for seven years for the verdict and its shareholders needed to know when it would be concluded.

Record Rs 32,000 Crore Seized in Tax Raids

Record Rs 32,000 Crore Seized in Tax Raids

Rediff.com24 Jan 2022

Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.

CBDT rules out giving relaxation to FPIs

CBDT rules out giving relaxation to FPIs

Rediff.com10 Jul 2019

Even though option to invest as a company is available, many FPIs have chosen trust route to enjoy less tax or zero tax through tax havens such as the Cayman Islands and Luxembourg.

Was govt's decision to sell Cairn shares flawed?

Was govt's decision to sell Cairn shares flawed?

Rediff.com8 Aug 2021

Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.