Offshore Deals
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Adani Ports To Ink $185 Million Astro Offshore Deal In Branch-Out Bid
Adani Ports and Special Economic Zone said on Friday it will buy a majority stake in an offshore support vessel operator for $185 million, expanding its fleet and diversifying beyond port operations.
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Explained: Mystery Of Byju's 'Hidden' $533 Million Stuck In Offshore Trust
Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.
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Centre Signs Deal To Buy 6 Patrol Vessels With Drones, AI Tech For Coast Guard
The defence ministry on Wednesday signed a Rs 1,614-crore contract with Mazagon Dockyard Shipbuilders Ltd for procurement of six next-generation offshore patrol vessels for the Indian Coast Guard.
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Government Signs Rs 19,600 Crore Deal To Get 17 Next Generation Vessels
The Ministry of Defence on Thursday signed contracts with Indian shipyards for acquisition of 11 next generation offshore patrol vessels and six next generation missile vessels at a cost of nearly Rs 19,600 crore, officials said.
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Binance Buys Crypto Exchange FTX Amid Massive Liquidity Crisis: Here's What Investors Need to Know
The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance’s chief executive, Changpeng Zhao, and FTX's boss, Sam Bankman-Fried, triggered a bank run at the latter’s exchange and an embarrassing forced sale.
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So Where Exactly Is Jack Ma? "Conflicting Schedules" Claim Is Made
The potential sale of as much as $8 billion in offshore debt was planned for as early as this week; however, a marketing memorandum hasn't yet been received by prospective investors, according to people familiar with the matter
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Facebook Faces US Tax Court Trial Over Ireland Offshore Deal
Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland.
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China State Oil Firm Withdraws From Gas Project, Says Iran
Iran's oil minister said Sunday that China's CNPC has withdrawn from the development of an offshore gas field and that state-owned Petropars will take over the entire project.
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Tax Take From Panama Papers Probes Exceeds $1.2 Billion: Report
Taxmen in 22 countries worldwide have raked in more than $1.2 billion in fines and back taxes thanks to the 2016 "Panama Papers" leak of information about offshore dealings, media reported Wednesday.
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Reliance, BP To Invest Rs 40,000 Crore More In Offshore Gasfield
Reliance holds a 60 percent stake in a gas block in the Krishna Godavari (KG) basin, BP owns 30 percent while Calgary-based Niko Resources Ltd holds the rest.
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Turkish President's Family Acquired $29.64-Million Tanker Through Offshore Deal: Foreign Media
The family of Turkish President Recep Tayyip Erdogan are owners of a 26.5-million-euro ($29.64-million) oil tanker, which was acquired under a secretive offshore arrangement, a consortium of European news outlets reported Friday.
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ONGC Signs Pact To Buy Out GSPC's KG Block Stake For $1.2 Billion
The company will close the deal and pay the Gujarat State Petroleum Corporation (GSPC) the money after regulatory approvals like government nod for transfer of PI (participating interest).
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ONGC's $2.4-Billion Mozambique Deal Under Oil Ministry Scanner
Government officials said the ministry has over the past few months asked the company to provide several details of the deal including the basis of the valuation.
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Why Trump's Threats May Not Stop Offshoring Of US Jobs
Some companies said Trump's broadside was not sufficient to compel a change in plans.
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Spanish Minister Resigns After Alleged Links To Offshore Deals
Spain's acting Industry Minister Jose Manuel Soria resigned on Friday following allegations of links to offshore dealings which emerged after he was named in the Panama Papers.
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Adani Ports To Ink $185 Million Astro Offshore Deal In Branch-Out Bid
Adani Ports and Special Economic Zone said on Friday it will buy a majority stake in an offshore support vessel operator for $185 million, expanding its fleet and diversifying beyond port operations.
-
Explained: Mystery Of Byju's 'Hidden' $533 Million Stuck In Offshore Trust
Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.
-
Centre Signs Deal To Buy 6 Patrol Vessels With Drones, AI Tech For Coast Guard
The defence ministry on Wednesday signed a Rs 1,614-crore contract with Mazagon Dockyard Shipbuilders Ltd for procurement of six next-generation offshore patrol vessels for the Indian Coast Guard.
-
Government Signs Rs 19,600 Crore Deal To Get 17 Next Generation Vessels
The Ministry of Defence on Thursday signed contracts with Indian shipyards for acquisition of 11 next generation offshore patrol vessels and six next generation missile vessels at a cost of nearly Rs 19,600 crore, officials said.
-
Binance Buys Crypto Exchange FTX Amid Massive Liquidity Crisis: Here's What Investors Need to Know
The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance’s chief executive, Changpeng Zhao, and FTX's boss, Sam Bankman-Fried, triggered a bank run at the latter’s exchange and an embarrassing forced sale.
-
So Where Exactly Is Jack Ma? "Conflicting Schedules" Claim Is Made
The potential sale of as much as $8 billion in offshore debt was planned for as early as this week; however, a marketing memorandum hasn't yet been received by prospective investors, according to people familiar with the matter
-
Facebook Faces US Tax Court Trial Over Ireland Offshore Deal
Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland.
-
China State Oil Firm Withdraws From Gas Project, Says Iran
Iran's oil minister said Sunday that China's CNPC has withdrawn from the development of an offshore gas field and that state-owned Petropars will take over the entire project.
-
Tax Take From Panama Papers Probes Exceeds $1.2 Billion: Report
Taxmen in 22 countries worldwide have raked in more than $1.2 billion in fines and back taxes thanks to the 2016 "Panama Papers" leak of information about offshore dealings, media reported Wednesday.
-
Reliance, BP To Invest Rs 40,000 Crore More In Offshore Gasfield
Reliance holds a 60 percent stake in a gas block in the Krishna Godavari (KG) basin, BP owns 30 percent while Calgary-based Niko Resources Ltd holds the rest.
-
Turkish President's Family Acquired $29.64-Million Tanker Through Offshore Deal: Foreign Media
The family of Turkish President Recep Tayyip Erdogan are owners of a 26.5-million-euro ($29.64-million) oil tanker, which was acquired under a secretive offshore arrangement, a consortium of European news outlets reported Friday.
-
ONGC Signs Pact To Buy Out GSPC's KG Block Stake For $1.2 Billion
The company will close the deal and pay the Gujarat State Petroleum Corporation (GSPC) the money after regulatory approvals like government nod for transfer of PI (participating interest).
-
ONGC's $2.4-Billion Mozambique Deal Under Oil Ministry Scanner
Government officials said the ministry has over the past few months asked the company to provide several details of the deal including the basis of the valuation.
-
Why Trump's Threats May Not Stop Offshoring Of US Jobs
Some companies said Trump's broadside was not sufficient to compel a change in plans.
-
Spanish Minister Resigns After Alleged Links To Offshore Deals
Spain's acting Industry Minister Jose Manuel Soria resigned on Friday following allegations of links to offshore dealings which emerged after he was named in the Panama Papers.
