Shell Firms

The amount was frozen following searches conducted last week at 10 locations in Mumbai, Chennai and Kochi.

Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.

The Enforcement Directorate (ED) has seized Rs 75 lakhs of Indian and foreign currency as well as some documents pertaining to nearly 200 bank accounts and 50 shell entities from the premises of jailed gangster-turned-politician Atiq Ahmed.

Twitter has ceased to be an independent company after merging with a newly formed shell firm called X, driving speculation about what Elon Musk intends for the social media platform.

Russian and Ukrainian forces exchanged artillery fire at the front line in Ukraine on Friday, even after Moscow said it had ordered its troops to stop shooting for a unilateral truce that was firmly rejected by Kyiv.

The Minister said the special task force set up by the government to look into the issue of 'shell companies' has recommended the use of certain red flag indicators as alerts for identification of shell companies.

The auction for 5G spectrum in India has recently concluded after witnessing sales of a record Rs 1.5 crore worth of airwaves. This was India's biggest spectrum auction so far where bidders shelled out more than they had expected to dominate the telecom sector.

Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.

Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.

More than 25 companies, including automakers Mahindra & Mahindra and Volvo, oil giant Shell, and clean mobility startups, want India to set firm targets and frame policies to support the transition to electric vehicles.

Quantum computer maker Rigetti said it will go public through a merger with a blank-cheque firm in a deal that potentially values the combined company at $1.5 billion (roughly Rs. 11,240 crores).

Lines of vehicles formed at petrol stations for a third day running as motorists waited, some for hours, to fill up with fuel after oil firms reported a lack of drivers was causing transport problems from refineries to forecourts.

The Enforcement Directorate (ED) has conducted raids at the office premises of four private firms and residential premises of their directors and associates at Chandigarh, Panchkula, Mohali, Jalandhar and Delhi in a FEMA case.

For years, the world's largest oil trading firm has maintained that it has "zero tolerance" for corruption. Now Vitol Inc. has admitted that it was paying bribes through a network of shell companies and sham contracts.

The Enforcement Directorate (ED) has registered a money laundering case against a Chinese national for allegedly running a hawala racket worth an estimated Rs 1,000 crore using shell or dubious firms, officials said on Monday.

The amount was frozen following searches conducted last week at 10 locations in Mumbai, Chennai and Kochi.

Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.

The Enforcement Directorate (ED) has seized Rs 75 lakhs of Indian and foreign currency as well as some documents pertaining to nearly 200 bank accounts and 50 shell entities from the premises of jailed gangster-turned-politician Atiq Ahmed.

Twitter has ceased to be an independent company after merging with a newly formed shell firm called X, driving speculation about what Elon Musk intends for the social media platform.

Russian and Ukrainian forces exchanged artillery fire at the front line in Ukraine on Friday, even after Moscow said it had ordered its troops to stop shooting for a unilateral truce that was firmly rejected by Kyiv.

The Minister said the special task force set up by the government to look into the issue of 'shell companies' has recommended the use of certain red flag indicators as alerts for identification of shell companies.

The auction for 5G spectrum in India has recently concluded after witnessing sales of a record Rs 1.5 crore worth of airwaves. This was India's biggest spectrum auction so far where bidders shelled out more than they had expected to dominate the telecom sector.

Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.

Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.

More than 25 companies, including automakers Mahindra & Mahindra and Volvo, oil giant Shell, and clean mobility startups, want India to set firm targets and frame policies to support the transition to electric vehicles.

Quantum computer maker Rigetti said it will go public through a merger with a blank-cheque firm in a deal that potentially values the combined company at $1.5 billion (roughly Rs. 11,240 crores).

Lines of vehicles formed at petrol stations for a third day running as motorists waited, some for hours, to fill up with fuel after oil firms reported a lack of drivers was causing transport problems from refineries to forecourts.

The Enforcement Directorate (ED) has conducted raids at the office premises of four private firms and residential premises of their directors and associates at Chandigarh, Panchkula, Mohali, Jalandhar and Delhi in a FEMA case.

For years, the world's largest oil trading firm has maintained that it has "zero tolerance" for corruption. Now Vitol Inc. has admitted that it was paying bribes through a network of shell companies and sham contracts.

The Enforcement Directorate (ED) has registered a money laundering case against a Chinese national for allegedly running a hawala racket worth an estimated Rs 1,000 crore using shell or dubious firms, officials said on Monday.