Mauritius

Mauritius down; Norway, Singapore gain as FPI destinations in FY23

The total assets under custody (AUC) from Mauritius declined nearly 42 per cent to Rs 6.66 trillion at the end of March 2023, from Rs 10.88 trillion a year ago.

Adani Group rout puts spotlight on billions flowing through Mauritius

The accusations against Adani - some reported by local media years before Hindenburg dropped its report - come at an uncomfortable time for Mauritius

S Jaishankar holds talks with counterparts from Brazil, Turkey, Mauritius

External Affairs Minister S Jaishankar on Tuesday held separate bilateral talks with his counterparts from Brazil, Turkiye and Mauritius with a focus on the agenda of the G20 foreign ministers' meeting and the Ukraine conflict. The foreign ministers of the three countries are in Delhi to attend the crucial G20 meeting on March 1 and 2. On his meeting with Brazilian Foreign Minister Mauro Vieira, Jaishankar said the momentum in the bilateral relations, especially in the economic and energy domains figured in the talks. "Delighted to host FM Mauro Vieira of Brazil this evening. As G20 Troika members, discussed the issues coming up at the Foreign Ministers' Meeting," he said on Twitter. "Took note of the momentum in our bilateral relations, especially in the economic and energy domains," Jaishankar said. He further said it was agreed to strengthen multilateral cooperation, including in the UN, BRICS (Brazil-Russia-India-Chins-South Africa) and IBSA. The IBSA (India, Brazil, South Af

HAL hands over advanced light helicopter to Mauritius ahead of schedule

"HAL would provide all the necessary technical, logistic, and maintenance support for ALH helicopter in Mauritius," the PSU said in a statement

No breach of law by entities being linked to Adani Group: Mauritius

Its market regulator yet to share prelim report with India

India, Mauritius discuss cooperation in area of urban development

India and Mauritius on Friday discussed cooperation between the two countries in the area of urban development and to strengthen it further.Union Minister for Housing & Urban Affairs, Hardeep Singh Puri met his Mauritian counterpart Louis Steven Obeegadoo and vowed to strengthen cooperation between the two countries."Received the Deputy PM and Minister Housing & Land Use Planning of Mauritius HE Louis Steven Obeegadoo in my office today. We discussed the ongoing cooperation between our two countries in the area of urban development & strengthening it further," tweeted Puri.India-Mauritius relationship is very significant for India's geostrategic policies in the Indian Ocean Region.Recently, India and Mauritius jointly inaugurated an India-assisted social housing units project in Mauritius virtually as part of India's development support.In recent years, India has stepped up its engagement with Africa. Mauritius is an important partner among the Indian Ocean littoral .

Strydom, Bjorn look to extend winning streak in AfrAsia Bank Mauritius Open

Former Ryder Cup winning captain, Thomas Bjorn and Ockie Strydom, last week's winner on the DP World Tour are both looking at another successful week as they line up for AfrAsia Bank Mauritius Open

Govt asks trade bodies, banks to explore more countries for trade in rupee

Having facilitated rupee trade with Russia, Mauritius and Sri Lanka, the government has asked trade bodies and banks to explore such opportunities with more nations, sources said. Indian banks have already opened special rupee vostro accounts (SRVA) with banks of these three nations, operationalising the rupee trade arrangement. Recently, SBI Mauritius Ltd and People's Bank of Sri Lanka opened an SRVA with State Bank of India (SBI). In addition, Bank of Ceylon opened an account in its Indian subsidiary in Chennai. Union Bank of India has opened special rupee account of Ros Bank Russia while Chennai-based Indian Bank has opened such accounts of three Sri Lankan banks, including Colombo-based NDB Bank and Seylan Bank. In all 18 such special rupee accounts have been opened by 11 banks, including 2 of Russia and one of Sri Lanka, following approval from the Reserve Bank of India (RBI). The RBI issued detailed guidelines on cross-border trade transactions in the domestic currency in ...

True North acquires minority stake via own fund in Accion Group for $93 mn

Accion Labs is focused on digital transformation in global enterprises and tech firms. It has more than 4,800 employees globally, spread over 20 locations

IMF raises concerns Mauritius' rising public sector debt in current fiscal

The International Monetary Fund (IMF) remains concerned over Mauritius's public sector debt as a percentage of GDP, estimated at 88.1 per cent for FY 2022-2023

Mauritius-based PEs not to pay additional capital gains tax, says MRA

IVCA had said the move to treat all income from Indian AIFs as dividends would wreak havoc on funds with a presence in Mauritius and investments in India

New Mauritius tax norms to hit PE investments in India, says IVCA

The move to tax capital gains from India would fundamentally alter the character of all income arising from Indian AIFs and lead to increased litigation

Mauritius PM Pravind Jugnauth to arrive in India today for 8-day visit

Mauritius Prime Minister Pravind Kumar Jugnauth accompanied by his spouse Kobita Jugnauth and a high-level delegation will arrive in India for an eight-day visit starting Sunday.

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Mauritius PM Pravind Jugnauth starts 8-day India visit from Sunday

The Mauritius PM will also pay a visit to Varanasi apart from his official engagements in Gujarat and New Delhi

Bonus stripping: Foreign portfolio investors from Mauritius feel the pinch

Mauritius has become an attractive destination for debt investments in India

Modi, Jugnauth jointly inaugurate India-assisted projects in Mauritius

The two PMs also took part in a virtual foundation stone laying ceremony for two other projects

Mauritius: PM, Jugnauth jointly inaugurate, launch India-assisted projects

Modi also said Mauritius is a prime example of India's approach to development partnership which is based on the needs and priorities of its partners and respects their sovereignty.

HAL signs contract with Mauritius for export of advanced light helicopter

HAL has signed a contract with the Mauritius government to export one advanced light helicopter (ALH Mk-III) for the country's police force, an official statement said on Wednesday.

After FATF, Mauritius exits European Union tax blacklist

FATF is an intergovernmental body that aims to combat money laundering and terrorism financing