Mauritius Financial News

«Those who have already received visas are now questioning whether they will be able to travel or not,» said Leverage Edu CEO Akshay Chaturvedi. Till Wednesday evening, around three of the last 100 calls that came into Leverage Edu's office about studies in Canada were about the impact of the India-Canada fallout.

Competition Commission of India (CCI) on Wednesday said it has approved the stake acquisition by Blackstone and TPG in Quality Care India Ltd (QCIL). QCIL is a multi-speciality healthcare provider, which operates a network of multi-speciality hospitals under the brand name 'CARE Hospitals' in several cities across the country. According to two separate releases, CCI said it has approved the acquisition of about 72.49 per cent and 24.16 per cent stake in Quality Care India Ltd by BCP Asia II and Centella Mauritius Holdings Ltd, respectively.

Economic Times. As per the report, this comes as a result of various factors including rising aspirations for a foreign education and career, an increase in applicants from Tier 2 and Tier 3 cities.

foreign degree and career, spike in candidates from Tier 2/3 cities, and foreign institutes stepping up focus on the country with enhanced financial aid/scholarships, leading study abroad consultants told ET. The record Indian surge comes amid a decline in student applicants from China. For study abroad platform Leverage Edu too, the fall intake has been the largest ever.

real estate holdings that are sought to be kept secret. The aim is to improve tax transparency and compliance. This push could eventually lead to a new global reporting framework for property assets.

Congress on Saturday questioned Securities and Exchange Board of India's (SEBI) move of not acting on money laundering allegations against «Adani-linked entities» and called for the formation of a joint parliamentary committee to discuss the issue during the special session of Parliament. Congress general secretary Jairam Ramesh wondered whether SEBI will act now that the Mauritius financial regulator has revoked the licences of two such entities. He also raised his doubts about the credibility of SEBI, asking why the body has failed to inspire confidence as a fair regulator of capital markets in the country. Ramesh said that the Financial Services Commission (FSC), the Mauritian equivalent of SEBI, revoked the licences of the controlling shareholder of two Adani-linked funds in May 2022 for violating several laws including the Financial Services Act, the Securities Act, the Financial Intelligence and Anti-Money Laundering Regulations (2003 and 2018), and the Code on the Prevention of Money Laundering and Terrorist Financing. «Even as SEBI professes helplessness, ironically Mauritian regulators have taken stringent action against suspect Adani-linked entities,» the Congress leader said. He said Emerging India Fund Management, whose licences were revoked on these grounds, controlled two funds that were «conduits for Vinod Adani associates Nasser Ali Shaban Ahli and Chang Chung-Ling.» «Ahli and Chang made dubious investments to Adani companies through these very funds,» he alleged. «Will SEBI awake from its Modi-made slumber… Why is it failing to inspire confidence that it will act as a fair regulator of capital markets and protect the interests of shareholders,» Ramesh asked. «This is simply more evidence that nothing

The Indian Express, the Mauritian financial regulator Financial Services Commission (FSC) revoked the business and investment licences of Emerging India Fund Management Ltd (EIFM), the controlling shareholder of two Mauritius-based funds in May 2022. The regulators alleged a breach by EIFM of several provisions of laws meant to curb money laundering and ensure corporate governance, the daily added.

TotalEnergies is in talks to invest inAdani Green Energy‘s renewable energy projects, in what could be the first deal between the companies since a short-seller’s allegations damaged the Indian group’s shares in January, Bloomberg News reported. The French oil company could invest about $700 million in the projects in a drive to expand its clean energy portfolio, the report said on Friday, citing one source.

₹1,000 crore and an offer for sale (OFS) of up to 8.56 million shares. Prabhat Agrawal, promoter, managing director, and CEO, will offload up to 534,082 shares; OrbiMed Asia III Mauritius Ltd, a private equity firm, will offload up to 7.5 million shares; Prem Sethi, promoter and whole-time director will offload up to 353,302 shares; and other shareholders will offload up to 170,213 shares.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Penny stock under ₹10: Vikas Ecotech shares witnessed huge buying interest since early morning deals and finally locked-in 10 per cent upper circuit on Thursday session. Vikas Ecotechshare price today opened upside and went on to hit 10 per cent upper circuit after climbing to intraday high of ₹4.45 per share levels on NSE. Vikas Ecotech has informed Indian bourses that its share allotment committee has allotted shares durring its board meeting to consider applications received for the fund raise drive via QIB route.

Zee Entertainment has been served with an appeal by Axis Finance against it in the NCLAT, Delhi challenging the NCLT's nod for its merger with Culver Max Entertainment, formerly known as Sony Pictures Networks India, the company said in a stock exchange intimation on Thursday. The Mumbai bench of the National Company Law Tribunal on August 10 granted approval l to the composite scheme between Zee, Sony, and Bangla Entertainment, a subsidiary of Sony. The NCLT had dismissed the objections raised by several lenders of ZEEL, including IDBI Trusteeship, IDBI Bank, Axis Finance, JC Flowers Asset Reconstruction Co and Imax Corp. Now, this order has been challenged before the NCLAT.

Congress on Thursday alleged that the «Adani scam» has exposed the role tax havens play in hiding large-scale violation of Indian laws, and said the issue should have discussed at the recent G20 Summit. It also said that if a Joint Parliamentary Committee (JPC) probe is ordered into the allegations against the Adani Group, it will have to make sure that any loopholes for round-tripping and money-laundering are effectively shut. In a post on X, Congress general secretary Jairam Ramesh said the rise in Indian outward direct investment in the past 25 years has been a sign of deepening globalisation. «However, it is disturbing that offshore tax havens like Bermuda, Jersey and Cyprus rank among the top 10 destinations for Indian investment, according to the RBI,» he said. This is in addition to Mauritius that has long been suspected as a preferred destination for Indian money-laundering and round-tripping, the Congress leader noted. «The Adani MegaScam has exposed the critical role such tax havens play in hiding the large-scale violation of Indian laws and regulations.

Hindi Diwas 2023: Indians on 14 September celebrate National 'Hindi Diwas'. On this day in 1949, the Hindi language was adopted as one of the official languages of the Republic of India. Written in the Devanagari script, the Constitution of India accepted Hindi language as the official language of India on 14 September 1949.

Delhi Police received hoax calls about terrorist attacks in the national capital and 38 PCR (Police Control Room) calls complaining about drones flying over the residential areas during the G20 Summit this weekend. «We received 38 calls complaining against drones that were flown in different areas of Delhi. There were also one or two calls regarding terrorist attacks.

Samhi Hotels on Wednesday said it has mopped up Rs 616.54 crore from anchor investors ahead of its initial share sale. The company has allocated 4,89,32,143 equity shares to 35 entities at an average price of Rs 126 apiece, according to a circular uploaded on the BSE website.SBI Mutual Fund (MF), Aditya Birla Sun Life MF, ICICI Prudential MF, Tata MF, Elara India Opportunities Fund, Singapore Government, Monetary Authority of Singapore, Societe Generale, Segantii India Mauritius, D E Shaw Valence International (SPV) LLC, Lion Global Asia Pacific Fund and Citigroup Global Markets Mauritius Pvt Ltd are among the anchor investors. On Monday, the Gurugram-based Samhi Hotels' fixed the price band for its Rs 1,370 crore-primary share sale that opens on Thursday at Rs 119-126 per share. The Initial Public Offering (IPO) comprises fresh issuance of equity shares worth up to Rs 1,200 crore and an Offer For Sale (OFS) of up to 1.35 crore shares.

PTI. The National Democratic Alliance-led government has called for a special session of Parliament to be held from 18 to 22 September. As per details, the session is set to begin on September 18 in the old building and the proceedings are expected to shift to the new building on September 19 on Ganesh Chaturthi.

Indian Foreign Service officers played pivotal roles in India's successful bid to secure a consensus at the recent G20 Leaders Summit. As per a TOI report, these officers, working closely with India's G20 sherpa Amitabh Kant, were instrumental in navigating the challenging negotiations that spanned over 200 hours, involving 300 bilateral meetings and 15 draft revisions. Announcing the achievement on the microblogging site X, Amitabh Kant shared his appreciation for the tireless efforts of these diplomats.

Narendra Modi's initiatives to combat climate change, with Japanese Prime Minister Fumio Kishida praising him for the concept of "Mission LiFE", sources said. During the G20 meetings and sessions, several leaders lauded Modi's efforts to tackle climate change and extended support to his initiatives. «India's vision of 'One Earth, One Family, One Future' is a beacon, which infuses hope for humanity — with inclusivity, equity and prosperity for humanity that touches all of us.

G20 Summit here congratulated Prime Minister Narendra Modi on the success of Chandrayaan-3, with IMF Managing Director Kristalina Georgieva hailing India for achieving the feat «in a budget less than that of the movie Interstellar», according to sources. During various sessions and meetings of the G20, many world leaders showered praise on India for its lunar mission and also lauded the successful launch of Aditya L1, India's first space-based mission to study the Sun. While the British Prime Minister Rishi Sunak congratulated India and the entire world for Chandrayaan-3, South African President Cyril Ramaphosa hailed the country for the feat and recalled that he had watched a telecast of the lunar landing while taking a break during the BRICS meeting, sources said. «I congratulate you on the Moon landing.

Aditya L1 spacecraft, India's first space-based mission to study the Sun, completed its third earth-bound maneuver successfully in the early hours of Sunday, according to ISRO. The operation was carried out by the space agency's Telemetry, Tracking, and Command Network (ISTRAC). «The third Earth-bound manoeuvre (EBN#3) is successfully completed from ISTRAC, Bengaluru.» «During this operation, ISRO's ground stations in Mauritius, Bengaluru, SDSC-SHAR, and Port Blair tracked the satellite,» the Indian Space Research Organisation (ISRO) said in a post on social media site X (formerly knows as Twitter). The new orbit achieved is 296 km x 71767 km, according to the statement, and the next maneuver is slated for September 15, around 2 a.m. Aditya-L1 is India's first space-based observatory, and it will study the Sun from a halo orbit around the first Sun-Earth Lagrangian point (L1), which is around 1.5 million kilometers from Earth. On September 3 and 5, the first and second earthbound movements were successfully completed.