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govt may relax clause that dissuaded foreign firms from taking part in oalp




the government is likely to relax a controversial clause that kept foreign companies from taking part in the first round of the open acreage licensing programme (oalp), launched last year. under this clause, firms had to seek the government’s permission for divesting in a firm that got the licence...



news digest: flipkart's game plan, high oil prices, fortis sale, and more




after walmart deal, flipkart plans expansion into other categories it took a $16-billion stake sale, a change in the top management, and an entry of the largest retail giant in the world for flipkart to alter its game plan. read morehigher crude prices threaten govt's dividend income from oil psus r...



after shell firms, govt looks to weed out defunct llp firms




sudipto dey  |  new delhi  august 18, 2017 last updated at 02:46 ist



foreign firms create 650,000 extra jobs in the netherlands




the 15,000 foreign firms operating in the netherlands were responsible for creating 650,000 jobs at other companies in 2014, the national statistics office cbs said on thursday.‘this means jobs for cleaning companies, security companies and accountants,’ spokeswoman marjolijn jaarsma said. the c...



china to lift foreign ownership limits on automakers




china said it will lift restrictions on foreign ownership in the auto sector by 2022china announced a timeline for lifting ownership limits on foreign automakers tuesday, meeting a longtime demand of the united states and other countries seeking better access for their companies in the world's bigge...



rotterdam less popular with foreign investors, fewer firms make the move




rotterdam docks. photo: f. berkelaarfewer foreign companies invested in rotterdam in 2017, according to new city council figures.  the number of new foreign ventures in the port city fell to 38 last year from 48 in 2016 while 13 firms expanded or extended their operations, the council said.the numb...



pnb fraud: global accounting firms under lens




the centre may consider setting up of a three-member experts committee to look into the issue of regulating the multinational accounting firms (mafs) operating in india, the supreme court said on friday. the apex court observed that absence of “revisiting and restructuring oversight mechanism” t...



thanks to fdi norms tweak, joint audits will boost indian entities




companies will now have to go for joint audits in case a foreign investor insists on having an international auditor, a move that will provide a fillip to indian audit entities. the government's decision is seen as a significant step towards boosting the prospects of local auditing firms amid the ba...



big tech firms and political risk




how to clean up the messbusiness standardtechnology firms fear govt regulation and need to mould public opinion to protect themselvesakash prakash  august 7, 2017 last updated at 22:43 istfollow this columnisthttp://mybs.in/2uy0h1p



no foreign lawyers, law firms in india: sc




the supreme court on tuesday held that foreign lawyers and firms cannot practice law in india.neither can they get involved in non-litigation works like consultancy, the top court ruled.a bench of justices adarsh kumar goel and u u lalit relied upon the scheme in chapter-iv of the advocates act to r...



brief case: foreign oil survey firms to pay tax




the supreme court last week dismissed about 60 appeals by foreign oil exploration firms and confirmed that they are liable to pay income tax on the amounts received by them in india as mobilisation charges. the judgment in the case, sedco forex international vs commissioner of income tax, turned on ...



damper for private oil firms as govt decides to retain higher profit share




in what is likely to impact investment decisions of oil and gas companies in the exploration and production segment, such as reliance industries (ril) and vedanta cairn, the ministry of petroleum and natural gas is insisting on a new clause in the work programme for 2018-19 that protects its profit ...



presstv-us govt. seeks to dismiss lawsuit against trump




the us government has called for the dismissal of a lawsuit alleging that president donald trump is violating the constitution by accepting payments from foreign governments.in a filing in manhattan federal court on friday, doj lawyers contended that the plaintiffs in the case do not have legal stan...



foreign law firms, advocates cannot practise in india, says supreme court




the supreme court (sc) ruled that foreign law firms may set up offices in india and nor may foreign lawyers practise in indian courts. they may only give advice to indian clients on a ‘fly-in and fly-out’ basis. and, if they do it on a regular basis, it would amount to practice of law. the court...



india shifts to oalp to boost oil output




shine jacob  |  new delhi  march 8, 2017 last updated at 00:03 ist



enrolment the biggest hurdle in foreign lawyers practicing in india and vice-ver




want create site? find free wordpress themes and plugins.the supreme court bench of justices adarsh kumar goel and uday umesh lalit took up the foreign lawyers’ case again on thursday (february 1) and some key issues were discussed, including foreign law firms setting up offices in india, foreign ...



fear of freedom




the first amendment to the constitution in 1951 was to alter the wordings of the restrictions placed on this freedom. article 19 (2) originally read, “nothing in sub-clause (a) of clause (1) shall affect the operation of any existing law in so far as it relates to, or prevents the state from makin...



foreign firms invested €1.67bn in the netherlands last year




over 350 foreign firms invested a total of €1.67bn in the netherlands last year, generating more than 12,500 jobs, according to new figures from the economic affairs ministry.this is more money than in 2016 and 2015 but fewer jobs, the figures from the invest in holland group, made up of the nfia ...



foreign firms invested €1.67bn in the netherlands last year




over 350 foreign firms invested a total of €1.67bn in the netherlands last year, generating more than 12,500 jobs, according to new figures from the economic affairs ministry.this is more money than in 2016 and 2015 but fewer jobs, the figures from the invest in holland group, made of the nfia and...



100% fdi in retail: boost to fashion firms, apple may still stay away




allowing 100 per cent foreign direct investment (fdi) in single-brand retail via the automatic route might not be enough to get global giant apple to set up shop in india, experts say. international fashion brands and white goods companies would find the tweaks in the norms enticing enough to enter ...



could the consequences of trump’s travel ban include increased it outsourcing, h




​when the trump administration banned people from certain countries from entering the united states, tech firms complained that they would have a harder time recruiting it workers from overseas. foreign workers, the firms reasoned, even those from countries that were not part of the ban, would not...



govt likely to relax restrictions for foreigners to visit forbidden areas




foreign tourists, except those from pakistan and china, may soon be allowed to visit some of the most pristine locations in the country, kept out of bound so far for them without a special permit. the union home ministry is examining whether to relax the six-decade-old restricted area permit regime,...



tamil nadu it employees' body seeks govt help on layoffs in it firms




bs reporter  |  chennai  may 16, 2017 last updated at 19:56 ist



maharashtra govt suspends 17 firms' sale of bt cotton seed




rajesh bhayani  |  mumbai  may 16, 2017 last updated at 02:02 ist



maharashtra govt suspends 17 firms' sale of bt cotton seed




rajesh bhayani  |  mumbai  may 15, 2017 last updated at 23:05 ist