News digest: Black money, Bajaj Qute, Rajasthan polls, IL&FS mess, and more

In a recent communication with the I-T department, the BVI counterpart said the floods of August 2017 destroyed the relevant files, while some others had lost

Flood of trouble for I-T dept's black money drive in Caribbean tax haven

The income-tax (I-T) department’s drive against black money stashed abroad has met with a hurdle in the British Virgin Islands (BVI), Britain’s overseas territory located in the Caribbean. According to the department, the BVI, one of the five largest tax haven countries, has expressed its inability to provide information on the several hundred Indians who have offshore investments on its land. Read more

Thailand's Minor International plans majority stake in Leela hotels

A consortium including Thailand’s Minor International Pcl is considering an investment of about $350 million