Dawood stashing cash in tax haven to finance jihadists

Twenty years ago, his smuggling operations paid for the bombs which killed 257 people in Mumbai. Now, a CNN-IBN and FirstPost investigation has found that ganglord Dawood Ibrahim's cash is washing up in the offshore banking haven of Nassau in The Bahamas...

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Disagreeing with judgement is not attacking court: Sibal

Two days after attributing the difficult conditions facing the telecom sector to a Supreme Court judgement, Telecom and IT Minister Kapil Sibal today said that disagreeing with the verdict did not mean he has attacked the court."Nobody has attacked any...

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Ambiguity over FDI, FII: RBI to soon float discussion paper

The Reserve Bank will come out with a discussion paper within 15 days on redefining Foreign Direct Investment (FDI) and portfolio investment (FII) so as to remove ambiguities."The paper will include questions like legal and taxation issues involved in...

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Haryana to challenge Adani tariff power ruling

The government of Haryana will challenge the power regulator's ruling this week that allows Adani Power CERC ruling is new lease of life for Adani Power: CLSAThe regulator said Adani should be allowed such a tariff, citing what it called the "unforeseen"...

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Moneycontrol Latest News

Moneycontrol Latest NewsMoneycontrol LogoFLSmidth wins $35 million order from Tata SteelUS to devise detailed immigration reform this yearHyundai, Kia recall more than 1.8 million vehicles in USVerizon bid denial sharpens Vodafone wireless focusBack...

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See 8% growth by 2015; can absorb $50-bn FDI annually: FM

After selling the India story to investors in Hong Kong, Singapore and Europe, finance minister P Chidambaram is in Japan on a roadshow to attract foreign investment. On the first day, he met with the representatives of various trade and industry bodies...

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Cumulative voting: GSK Consumer bats for small shareholders

In a move that will give investors a greater say in choosing the company's board, GSK Consumer has adopted proportionate representation using cumulative voting. Sajeet Manghat and Ashmit Kumar of CNBC-TV18 find out what this means for the boardroom.If...

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Cyprus plans tax breaks, casinos to kickstart economy

Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday.Cyprus's euro zone partners agreed on a 10 billion euro...

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Gold edges up from two-week low

Gold futures edged up from their lowest level in two weeks in tandem with overseas markets, but traders were waiting for a bigger fall in prices to book the yellow metal for the upcoming wedding season. * India, the world's biggest buyer of gold,...

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Fischer double sends Ajax three clear, PSV drop points

By Theo Ruizenaar ROTTERDAM (Reuters) - Danish teenager Viktor Fischer scored twice as Ajax Amsterdam beat NEC Nijmegen 4-1 to go three points clear at the top of the Dutch league on Sunday. Ajax have 60 points from 28 matches, three more than PSV...

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Comedy duo Ant and Dec bag surprise No 1 with 19-year-old song

LONDON (Reuters) - Newcastle comedy duo Ant and Dec scored a surprise singles number one this week with a reissue of a 19-year-old hit, while U.S. star Justin Timberlake clung to the top of the album chart, the Official Charts Company said on Sunday....

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Euro zone savings deposits are safe, says German minister

German Finance Minister Wolfgang Schaeuble has said savings accounts in the euro zone are safe, adding that Cyprus is a "special case" and not a template for future rescues.In an interview with Bild newspaper published on Saturday, Schaeuble distanced...

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How impact investing could affect biz in India

The Rockefeller Foundation reports that impact investing is set to grow at an annual pace of 30 percent. India is the second-largest market for impact investing after the US, with USD 500 million worth of investments made in 2012 alone. But what does...

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