An investment vehicle lining up a $2 billion package to help bail the boss of India's troubled Sahara out of jail said it expects to ultimately take control of landmark hotel assets like New York's Plaza after the conglomerate fails to repay lenders.
The Finance Ministry further said decision on seven FDI proposals has been deferred.
In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland.
Ever heard of 'gosht ka halwa' or 'dal ki dulhan'? Avantika Bhuyan profiles a battery of food enthusiasts who are out to make sure that you do.
The Modi PMO is like none other: It is staffed by people who are so low profile that the only dominant personality is the Prime Minister's.
The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore (Rs 23.26 billion).
Enforcement Directorate on Wednesday opposed in a Delhi court the bail plea of businessman Gautam Khaitan, arrested in connection with the money laundering case related to Rs 3,600 crore VVIP chopper deal, claiming that he was behind the "parking" of alleged kickbacks in the matter.
The top posts on social media from your favourite Bollywood celebrities.
The Indian companies, however, invested a much lower $1.59 billion in overseas markets in the previous month May 2014.
Though the Union HRD ministry has vehemently denied that Shevgaonkar resigned under government pressure, some allege that this is yet another example of the government exercising its influence over educational institutions
This is the first time an Indian shipyard has been commissioned to design and build a warship to specifications formulated by a buyer country. This marks an important first landmark in the Bharatiya Janata Party-led government's drive to increase defence exports.
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The sources said the matter should have been referred to the Cabinet Committee on Economic Affairs as foreign investments above Rs 600 crore (Rs 6 billion) can only be cleared by Cabinet Committee on Economic Affairs headed by the Prime Minister.
Ace investor Rakesh Jhunjhunwala on Thursday picked up one crore shares of Edelweiss Financial Services for an estimated Rs 55 crore through the open market route.
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