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  • Unpaid shares’ in Dubai, BVI companies may come back to haunt many Indians

    Unpaid shares’ in Dubai, BVI companies may come back to haunt many Indians0

    Mumbai: An old, handy practice popularised by tax havens and sold by leading European banks is coming back to haunt many Indian businessmen. Hundreds of them may be in for a nasty surprise for ‘owning’ companies in Dubai and other jurisdictions like the British Virgin Islands (BVI) by subscribing to shares without paying for the

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  • UniCredit Hikes Payout Goal By 40% After Record Rofit

    UniCredit Hikes Payout Goal By 40% After Record Rofit0

    UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record quarterly profit, as CEO Andrea Orcel works to meet his ambitious payout plans. Orcel, who has focused UniCredit on capital light businesses to maximise returns since taking over in April 2021, expressed confidence

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  • Ukraine’s Economy Stabilizes After Shock of War

    Ukraine’s Economy Stabilizes After Shock of War0

    When Russia invaded Ukraine a year ago, the shelves of the Novus supermarket chain in Kyiv quickly emptied as its supply chains – domestic and overseas – collapsed. Fresh produce became scarce and panic buying spread. Oleksiy Panasenko, deputy director general for operations at the popular outlet, recalls how the business reeled before Novus, like

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  • Ukraine-Russia Conflict: Air India Express flight to bring back about 182 Indian nationals on March 1

    Ukraine-Russia Conflict: Air India Express flight to bring back about 182 Indian nationals on March 10

    Air India Express, the low-cost international budget arm of Air India, has said it is operating a flight to Bucharest in Romania to fly back the Indian evacuees from war-torn Ukraine. Air India Express flight, IX-1201, which departed from the city’s Chhatrapati Shivaji Maharaj International Airport at 1.50 pm on Monday, is expected to arrive

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  • Ukraine crisis: IndiGo to operate 6 additional evacuation flights on March 2

    Ukraine crisis: IndiGo to operate 6 additional evacuation flights on March 20

    Private carrier IndiGo, which is assisting the government in its efforts to rescue the Indian nationals stranded in Ukraine, will operate six additional evacuation flights on March 2. The airline, in a statement, said two flights each will be operated via Istanbul, from Delhi to the Hungarian city of Budapest and Poland’s Rzeszow. Two more

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  • UBS has No Desire to Buy Credit Suisse, Chairman Tells Newspaper

    UBS has No Desire to Buy Credit Suisse, Chairman Tells Newspaper0

    UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a interview published on Saturday. The former Morgan Stanley (NYSE:MS) president said he was focused on organic growth rather than acquisitions and expanding its business in the United States as he ruled out any move to buy

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