Other pacts included avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, ratification of extradition treaty, exemption from visa requirement for holders of diplomatic passports, traditional systems of medicine and establishment of an expert group on trade remedy measures. In addition to these nine pacts, four more pacts were inked on the sidelines of Rouhani’s visit between the two countries, officials said.
Reliance Industries’ (RIL) wholly owned subsidiary Reliance Industrial Investments and Holdings (RIIHL) proposes to acquire equity shares of The Indian Film Combine (IFC), for `1,105 crore, according to a statement on stock exchanges.
The Telecom Regulatory Authority of India (Trai) on Friday issued regulations on predatory pricing, which imposes a penalty of up to `50 lakh per circle on mobile operators if they are found to indulge in such practices
MSCI, the provider of index services, in a statement issued late on Thursday termed the decision by Indian stock exchanges not to provide Indian indices or the data including the price of Indian securities to foreign exchanges as disruptive and harmful to international institutional investors in Indian equities.
The Singh brothers — Malvinder and Shivinder — suffered yet another jolt on Friday when the Supreme Court dismissed their appeal against the January 31 order of the Delhi High Court that allowed Japanese drug maker Daiichi Sankyo to recover $500 million
One of the big tasks for bank chiefs over the past few days has been to assess how significant their institution’s exposure might be to the illegitimate transactions that have come to the fore at Punjab National Bank (PNB).
Declaring the Cauvery river a “national asset”, the Supreme Court on Friday reduced its allocation of water to Tamil Nadu to 177.25 thousand million cubic feet (TMC), down from 192 TMC allocated by a tribunal in 2007.
In a bid to reduce litigation in matters related to indirect tax, the finance ministry said it has compiled 63 cases where the Central Board of Excise and Customs has accepted the orders of various courts and tribunals so that identical pending cases can be expeditiously decided.
The Centre has decided to launch more than one schemes to ensure that farmers receive at least the MSP rate for their crops, and states will be given the freedom to adopt a plan.
Reliance Jio has tied up with 22 handset manufacturers and will offer to new as well as existing subscribers cash back of `2,200 if they purchase a smartphone and recharge it with the operator’s `198 or `299 plans.
The Supreme Court on Friday directed Chennai-based Omshakty Agencies, which had entered into an agreement with Unitech, to deposit `90 crore with the court’s registry by March 31.
The real estate sector has started showing signs of revival. According to the FICCI-NAREDCO-Knight Frank India’s latest survey findings for the period of October-December 2017, the realty sector is slowly but surely coming out of the doldrums.
Self-drive car rental start-up Zoomcar has raised $40 million in a Series C funding round led by auto major Mahindra & Mahindra (M&M).
Life Insurance Corporation of India (LIC), the country’s largest insurer and the biggest life insurer, has invested `70,000 crore in equities till the end of the third quarter ended December 31, 2017, and it plans to invest another `10,000 crore before the end of the financial year.
National Payments Corporation of India (NPCI) on Friday said it has given its consent to Facebook-owned WhatsApp to roll out Unified Payments Interface (UPI)-enabled payments for a beta launch, with a limited user base of one million and a low per-transaction limit.
Banks with exposures to the scam tainted Nirav Modi entities and associates seem to be closing ranks with the Punjab National Bank to help in the recovery of funds, perhaps on a nudge by the government.
Jaipur-based infrastructure construction, development and management company, HG Infra Engineering is planning to raise `462 crore through an initial public offer (IPO). The price band for its public offer has been set at `260-270.
Mata Bhagwanti Chadha Niketan, a school for specially-abled being run under the aegis of The Ponty Chadha Foundation, has announced the launch of a Centre for Research, Innovation and Technology for Disability
Two months ahead of assembly elections, Karnataka chief minister Siddaramaiah presented the budget for 2018-19, rolling out sops such as free LPG connections and a universal healthcare plan.
The Yogi Adityanath government on Friday tabled a `4.28-lakh-crore budget for FY19 — 11.4% higher from last year’s — that primarily focuses on infrastructure.
The Andhra Pradesh government is all set to sign at least 281 MoUs involving `2.56 lakh crore of investments during the annual Partnership Summit.
PNB says to honour ‘bona fide’ liabilities, stops short of accepting full liability; finmin sees no system risk.
There is more to Nirav Modi & Co’s cleverly crafted bank gaming scheme than seems to meet the eye.
The RBI said it is “ready to inject adequate additional liquidity” into the system as the financial year draws to a close.
Amid concerns over a possible drop in this year’s wheat crop, the government has fixed the procurement target at 320 lakh tonnes for 2018-19 marketing season (April-March), higher than the actual purchase of about 308 lakh tonnes in 2017-18.
The Supreme Court on Thursday clarified that its orders dated August 11, 2017, and August 31, 2017, restraining brothers Malvinder and Shivinder Singh from selling their shares in Fortis Healthcare will not apply to the shares that were pledged by them to banks.
Under relentless attack from a united Opposition over the Rs 11,400-crore fraud at Punjab National Bank (PNB) involving jeweller Nirav Modi, the government on Thursday asserted that no one, however high and mighty.