Search Results for: non-banking financial companies

Panama Papers: President Juan Carlos Varela defends transparency

Panamas President Juan Carlos Varela reaffirmed his countrys commitment to tax transparency after governments across the world began investigating possible financial wrongdoing by the rich and powerful, after a leak of four decades of documents from a local law firm that specialised in setting up offshore companies.

Apr 5, 2016

Protesters demand resignation of Icelands PM Sigmundur Gunnlaugsson

A large crowd filled the square outside the parliament building in Reykjavik on 4 April to call on Prime Minister Sigmundur Gunnlaugsson to resign. According to local media, more than 10,000 people had gathered in the square and police said they had never seen such a great number of people demonstrating.

Apr 5, 2016

Panama Papers: Chinese, Russian media hit out at 'Western journalism' over Putin, Jinping links

The whistleblower leak is reportedly the biggest such expose, comprising 2.6 terabytes of data from a Panama-based firm.

Apr 5, 2016

Cox & Kings sells its majority stake in UK portals for Rs. 278 crore

The tour operator sold its stake in LateRooms and Superbreak to Malvern Enterprises, a private equity fund.

Apr 5, 2016

RBI cuts repo rate by 25 basis points

Liquidity deficit had worsened from Rs.1.69 trillion as on 28 Jan to Rs. 2.8 trillion as on 2 April 2016.

Apr 5, 2016

Bajaj Auto contemplating Royal Enfield rival: Report

Bajaj may launch a new brand rather than reposition Avenger in the segment.

Apr 5, 2016

India's Adani considering buying SunEdison assets: Reuters sources

Standing to gain from SunEdison's predicament are companies such as Adani that have solar projects and want to expand.

Apr 5, 2016

Panama Papers: Probes begin, protests erupt after tax evasion scandal

Thousands of protesters came out on the streets of Iceland Monday, demanding Prime Minister Sigmundur DavÃÃ° Gunnlaugsson's resignation.

Apr 5, 2016

Disney expands search for new CEO, COO Staggs leaving

Disney said in a statement that the board aimed to evaluate a "robust slate of candidates."

Apr 5, 2016

New US inversion rules threatens Pfizer-Allergan deal

The changes, less than a year before President Barack Obama ends his term, follow sharp political criticism of Pfizer's and Allergan's merger.

Apr 5, 2016

Stake sale in 16 PSUs to fetch Rs. 40,000 crore for govt in FY17

Stake sales in Coal India, ONGC and NMDC are likely to raise Rs. 18,000 crore, Rs. 9,000 crore and Rs. 3,800 crore, respectively.

Apr 4, 2016

Panama Papers: Mossack Fonseca not responsible for â€˜illegitimate activitiesâ€™ says director

Tax authorities in Australia and New Zealand are probing local clients of a Panama-based law firm at the centre of a massive data leak. Other jurisdictions are likely to follow suit following the leak over the weekend of details of hundreds of thousands of clients in more than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama.

Apr 4, 2016