Emaar MGF, the joint venture between Emaar Properties PJSC and MGF Development Ltd is being accused of FEMA violations.
Legal & Regulatory
FDI Policy Restricts Sale for Existing Indian Retailers
Walmart and Tesco are restricted to acquire existing Indian retailers because of the new policy set by the Indian government stating foreign companies should start from scratch.
Royalty’s Bid Threatened by Rulings Prior Key Meeting
Royalty Pharma's bid was threatened to be dismissed after the takeover panel released rulings that the US based company could no longer revise the terms on its proposed deal.
JPM Fails Challenge to California Cost Recovery Plan
JPMorgan Chase & Co. (JPM) loses its challenge to the cost-recovery plan that the California grid operator requires as set by the Federal Energy Regulatory Commission (FERC).
Vietnam Sees Expansion in Stock Market from Foreign Investors
Vietnam is looking for expansion in its stock market from foreign investors after restrictions on foreign ownership limit is considered by its government.
Latest News
Nathan Tinkler agrees to a settle a US$12 million agreement with Blackwood Corp Ltd for a lawsuit filed against him for insolvent trading.
AIG, GE Capital and Prudential Financial confirm receipt of notification for regulatory oversight. (Photo : REUTERS)American International Group Inc, the insurer rescued by the U.
Shire Plc (SHP) pulled off a settlement agreement with Teva Pharmaceutical Industries Ltd. (TEVA), enabling the later to manufacture cheap generic copies of Intuniv.
FSA announced that Danish banks will be free to use hybrid debt instruments that has ended bank speculations on the use of equity alone to fulfill lender requirements.
The Manhattan State Supreme Court finally got Bank of America set for trail with its US$8.5 billion settlement with home loans bundled into securities.
Brent Crude trades lower than US$100 per barrel after OPEC keeps its production target constant. (Photo : Reuters)A gas station employee filling up a vehicle.
After completion of prerequisites, the second tranche of the Euro bailout plan for Greece was released.
UBS AG France is under investigation for its bank practices. (Photo : Reuters)The image is the UBS sign on its corporate headquarters. The French unit of UBS AG has been placed under formal inquiry as part of an investigation started in 2012 over the practices conducted by the bank in France, according to a spokesperson.
Two brokerages were sanctioned after having been found out of helping fraudulent IPOs. (Photo : Reuters)The Chines flag waiving in front of rising business sectors The Securities Regulatory Commission in China will fine two brokerages for helping perpetrate fraud IPOs get listed on the bourse.
