Foreign Funding

Rupee Moves Lower To 71.34 Against Dollar: 5 Things To Know

Business | Edited by Anshul (with inputs from PTI) | Thursday September 19, 2019

The rupee settled 10 paise lower against the dollar on Thursday. The local currency opened on a strong note at 71.36 and shuttled between a high of 71.06 and a low of 71.37. It finally settled at 71.34 against the dollar. According to analysts, heavy selling in domestic stock markets and unabated foreign fund outflows kept investors edgy. Investors...

P Chidambaram A Strong Man, In Good Spirits, Says Son Karti

India News | ANI | Wednesday September 18, 2019

P Chidambaram is accused of facilitating in 2007, as the country's finance minister, a huge infusion of foreign funds into the company INX Media.

Pledge On Conversions For All NGO Staff In New Rules For Foreign Funding

India News | Written by Neeta Sharma | Tuesday September 17, 2019

For NGOs to receive foreign funds, all their employees and officials have to declare to the government that they were not prosecuted or convicted for religious conversions, according to new rules put out by the home ministry.

Rupee Extends Gain To 7th Day, Edges Past 71 Mark Against Dollar: 10 Points

Business | Edited by Sandeep Singh (with inputs from agencies) | Friday September 13, 2019

Continuing its upmove for a seventh straight day, the rupee gained as much as 26 paise to edge past the 71 mark against the dollar on Friday. After starting the session at 71.01, the rupee gained further ground to touch 70.88 against the greenback in morning. Weakness in global crude oil prices and foreign fund inflows amid a steady dollar supporte...

Rupee Gains By 43 Paise Against US Dollar: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Thursday September 12, 2019

The rupee rose by as much as 43 paise against the US dollar on Thursday. After opening higher at 71.43 against the greenback, the rupee climbed to as much as 71.23 by late afternoon deals. According to analysts, gains in domestic stock markets and foreign fund inflows strengthened the domestic currency. At 3:03 pm, the rupee traded at 71.31 against...

Jet Airways Founder Naresh Goyal Questioned In Alleged Foreign Funding Violation Case

India News | Reported by Arvind Gunasekar, Edited by Chandrashekar Srinivasan | Friday September 6, 2019

Naresh Goyal, founder of the now-grounded Jet Airways, was today questioned by the Enforcement Directorate in connection with alleged foreign direct investment violations when Etihad Airways acquired stakes in Jet Privilege PrivateLimited in 2014

Ex-Sudan President Admits Receiving $25 Million From Saudi Crown Prince

World News | Agence France-Presse | Sunday September 1, 2019

A Sudanese court on Saturday charged ousted president Omar al-Bashir, on trial for corruption, with illegal acquisition and use of foreign funds, offences which could put him behind bars for a decade.

P Chidambaram's "Unprecedented Offer" To Stay In CBI Custody Till Monday

India News | Reported by A Vaidyanathan, Edited by Divyanshu Dutta Roy | Friday August 30, 2019

In an unprecedented offer to the Supreme Court on Thursday, former Finance Minister P Chidambaram said he was willing to remain in custody of the Central Bureau of Investigation or CBI till Monday in the INX Media corruption case. Dramatically arrested from his home last week, Mr Chidambaram is in CBI custody till today and will be produced before ...

Decision On P Chidambaram's Plea For Protection From Arrest Next Week

India News | Edited by Anindita Sanyal | Thursday August 29, 2019

A decision on former Union Minister P Chidambaram's appeal seeking protection from arrest by the Enforcement Directorate, will be taken on September 5, the Supreme Court said today.

Indrani Mukerjea Says "Good News That P Chidambaram Has Been Arrested"

India News | Reported by Saurabh Gupta, Edited by Shylaja Varma | Thursday August 29, 2019

Indrani Mukerjea, the jailed INX Media co-founder who turned approver in a corruption case linked to P Chidambaram, today said it is "good news" that the former Finance Minister has been arrested. Mr Chidambaram is accused by the Central Bureau of Investigation (CBI) of facilitating a huge infusion of foreign funds into INX Media.

Rupee Moves Lower To 72.04 Against Dollar: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Thursday August 29, 2019

The rupee fell as much as 27 paise against the dollar on Thursday. Analysts said weak domestic stock markets and persistence foreign fund outflows led to the declines in the local currency. Pessimism over US-China trade talks also put pressure on the domestic unit, they added. At the forex market, the rupee opened lower at 71.96 and fell further to...

Centre Withdraws Enhanced Surcharge On Foreign Investors

India News | Siddhartha Singh, Archana Chaudhary and Upmanyu Trivedi, Bloomberg | Friday August 23, 2019

India rolled back an additional levy on foreign funds and announced other measures to boost economic growth.

Rupee Ends At Over 8-Month Low Against Dollar: 10 Things To Know

Business | Edited By Abhishek Jejani (with inputs from PTI) | Thursday August 22, 2019

The rupee on Thursday plunged by 26 paise and closed at an over eight-month low. The rupee opened weaker at 71.65 a dollar and touched an intraday low of 71.97 before closing at 71.81 against the American currency. The depreciation in rupee's value came on the back of sharp declines in equity markets and foreign fund outflows. The sudden drop in Ch...

"Never Met Peter, Indrani Mukherjea": Karti Chidambaram After CBI Move

India News | Reported by Neeta Sharma, Edited by Deepshikha Ghosh | Thursday August 22, 2019

Arrested former Finance Minister P Chidambaram's son Karti Chidambaram said today that his father's arrest was nothing but an attempt to silence the government's most vocal critic.

P Chidambaram Denied Anticipatory Bail, CBI Says Appear Within 2 Hours

India News | Edited by Anindita Sanyal | Wednesday August 21, 2019

Former Union finance minister P Chidambaram's plea for anticipatory bail was turned down on Tuesday by the Delhi High Court, opening up the possibility of his arrest in the INX Media case. Officials of the Central Bureau of Investigation or CBI visited his home this evening and left a notice, asking him to present himself at the agency's office wit...