Due Diligence

Byju Raveendran assures investors on FEMA compliance after ED notice

This comes hours after CNBC-TV18 reported on November 21 that ED sent a show cause notice to Byju's for alleged FEMA violations amounting to Rs 9,000 crore.

ZestMoney to lay off 20% of workforce after PhonePe deal collapse

Founders and the top leadership team of ZestMoney held a Townhall on April 6 to inform the layoffs to employees. The company had about 450 employees and is planning to lay off across its workforce.

Who is the custodian of due diligence in Indian real estate market?

Ultimately it is the homebuyer who is the victim. He is reminded at every step that he should have done his own due diligence before investing his hard-earned money into an under-construction property.

7 things to keep in mind before buying a house

A buyer should make sure that the title of the seller is clear and should be free from encumbrances. Ideally, all documents related to the property for a period of 30 years should be examined

NRI investment in Indian realty hit by lack of â€˜trusted information‘

Rekha Parihar, a non-resident Indian (NRI) from Dubai, had finalised the purchase of a luxury sea-facing apartment in Worli, Mumbai. However, when she surfed the internet to check the credentials of the developer and &#82

Bought the wrong house? Here‘s what you can do

Buying a property is a once-in-a-lifetime decision for most people, as the investment is generally huge and may come with a long-term liability. One wrong decision, can create imbalances in the buyer‘s personal balance &#82

How legally healthy is the title of your home?

A title search, is a due diligence investigation of various aspects of a property, to ascertain its legal health. â€œIn the case of resale properties, the existing owner may have created encumbrances on the &#82

Excl: Essar-Rosneft to reveal binding terms of deal in June

Rosneft had signed a preliminary deal in July 2015 to acquire 49 percent in Essar Oil and has signed a non-binding term sheet in March this year. The deal will help Essar Group to pare its debt by Rs 45,000 crore.

Govt dismisses Moody's report, says opinion of jr analyst

The release said, "It is surprising that sections of the Indian media failed to make a distinction between Moody's Analytics which is merely a data and analytics firm and Moody's Investor Services, which provides ratings services."

Vedanta refuses to sweeten Cairn deal further

Vedanta has made it clear that it does not want to change any of those contours with respect to the merger. However, it is coordinating with LIC officials to submit all the details.

Swiss govt proposes laws against illicit wealth in banks

Facing demands from India and other countries for banking details of persons with alleged black money in Switzerland, the European nation has proposed new rules for combating money laundering and mandating extra due diligence by banks before accepting clients' money.