Foreign Direct Investment

  • Cabinet clears 49% FDI in insurance with Indian control Yesterday

    New Delhi: The Cabinet on Thursday approved 49 per cent foreign investment in insurance companies through the FIPB route ensuring management control in the hands of Indian promoters. "The Cabinet Committee on Economic Affairs has approved raising of FDI cap in insurance sector to 49 per cent from 26 per cent,"...
  • India likely to announce FDI in e-commerce next month June 4, 2014

    Mumbai: Prime Minister Narendra Modi's government could allow foreign direct investment in India's e-commerce sector as early as next month, paving the way for global online retailers such as Amazon to expand their business, four people with knowledge of the matter said. A more robust online retail sector will spur manufacturing...
  • Modi government considering clearing FDI in Railways, Infrastructure June 14, 2014

    New Delhi: Facing a grim economic situation, Prime Minister Narendra Modi's government is on an overdrive. Shortly after deciding to allow 100 per cent Foreign Direct Investment (FDI) in the defence sector, government sources on Thursday said that FDI policy was likely to be cleared in the Railways, infrastructure and...
  • UK optimistic about India's retail policy, says UKTI January 15, 2014

    A lot of UK-based firms have taken advantage of foreign direct investment (FDI) in India's retail sector and people are quite optimistic about it, United Kingdom Trade and Investment (UKTI) said on Wednesday. "Many companies in the UK have taken advantage of India permitting FDI in retail sector and Britain's footwear...
  • India Inc flays Kejriwal's decision to withdraw retail FDI from Delhi February 11, 2014

    New Delhi: The Delhi government's decision to withdraw permission for FDI in retail from the city state is drawing flak from India Incorporate. The Arvind Kejriwal led government is in talks with the Department of Industrial Policy and Promotion over the issue. India Incorporate has expressed strong displeasure over...
  • Delhi government withdraws permission for FDI retail stores February 11, 2014

    New Delhi: In a major move, the Arvind Kejriwal government in Delhi has written to the Department of Industrial Policy and Promotion (DIPP) on not allowing FDI funded stores in Delhi. With this, Delhi has become the first state to withdraw permission for FDI funded retail stores. The previous Delhi government...
  • FDI up 6 per cent to US $10.87 billion in January-June 2013 September 8, 2013

    New Delhi: Foreign direct investment (FDI) into India increased by 6 per cent year-on-year to US $ 10.87 billion during the first six months of this year. According to data from the Department of Industrial Policy and Promotion (DIPP), the country had received US $ 10.27 billion of FDI in January-June,...
  • How to rescue the government-business equation August 21, 2013

    Profile: Keki Mistry is vice chairman and CEO of HDFC; he's been associated with it since 1981. Instrumental in setting up HDFC group companies, including HDFC Bank. A chartered accountant, he has consulted for Mauritius Housing Company, Asian Development Bank and Commonwealth Development Corporation in Thailand, Mauritius and the Caribbean...
  • FIPB to discuss Rs 2,058 crore Jet-Etihad deal today July 29, 2013

    New Delhi: The Foreign Investment Promotion Board (FIPB) on Monday will discuss the contentious Rs 2,058 crore Jet-Etihad deal. The FIPB had earlier deferred approval to the deal on the basis of certain provisions in the previous shareholders' agreement and commercial cooperation agreement, which it said gave more powers to...
  • TN: Jaya slams Centre for raising FDI cap in different sectors July 23, 2013

    Chennai: Accusing the UPA government of "heaping hardships on people," Tamil Nadu Chief Minister J Jayalalithaa on Tuesday flayed its "knee-jerk" reaction of increasing FDI cap in different sectors and warned that its "insensitivity" towards people will take its toll soon. "The FDI relaxation announced by the Government of India is...
  • Uddhav slams UPA, says government lying about FDI July 19, 2013

    Shiv Sena chief Uddhav Thackeray slammed the UPA government saying the government is lying about foreign direct investment (FDI). When the NDA was in power we started India Shining campaign, they said what is all this? People made fun of the NDA's campaign. He said I want to ask if...
  • Rupee, markets draw cold comfort from new FDI rules July 17, 2013

    Mumbai: India's relaxation of foreign investment rules, aimed at drawing funds needed to turn around slowing economic growth and support a crumbling rupee, barely lifted markets on Wednesday due to doubts whether long-term inflows would materialise anytime soon. Prime Minister Manmohan Singh eased FDI rules late on Tuesday for several industries,...
  • Govt hikes FDI in 13 sectors, blames Opposition for late decision July 17, 2013

    New Delhi: The government on Tuesday decided to hike Foreign Direct Investment (FDI) in 13 sectors, including 100 per cent in telecom and higher caps in insurance and defence sectors, to boost the sagging economy. The government's effort to woo investors seems to have come too late as the rupee...
  • FDI rises 25 per cent to 6-month high of $ 2.32 bn in April July 15, 2013

    New Delhi: Foreign direct investment (FDI) into India increased 25 per cent year-on-year to USD 2.32 billion in April, the highest level in the past six months. In April 2012, the country had received FDI worth $1.85 billion, according to data from the Department of Industrial Policy and Promotion (DIPP)....
  • Subramanian Swamy alleges irregularities in AirAsia deal July 3, 2013

    New Delhi: Janata Party President Subramanian Swamy, who had been vocal about his criticism of the Jet-Etihad deal, on Tuesday, had written a letter to Prime Minister Manmohan Singh on the AirAsia deal. Subramanian Swamy has raised questions of corruption involved in the deal. "It is the duty of the Opposition...
  • Telecom Commission approves 100 pc FDI in telecom sector July 2, 2013

    New Delhi: Inter-ministerial body Telecom Commission on Tuesday gave its nod for raising foreign direct investment limit in the sector from 74 per cent to 100 per cent subject to Cabinet approval. "Telecom Commission has approved raising of FDI limit to 100 per cent from 74 per cent at present where...
  • 'India is the world's third most attractive FDI destination' June 27, 2013

    New Delhi: India has retained its position as the world's third most attractive destination for investment by transnational corporations (TNCs) during 2013-15, a survey by UNCTAD said on Wednesday. In the survey based on responses of 159 companies, India was ranked after China and United States. ...
  • 'FDI inflows to India down 29 per cent in 2012' June 27, 2013

    Geneva: Low investor sentiment, a slowing economy and high interest and inflation rates have dented India's image as a preferred foreign investment option. The country received 29 per cent less FDI inflows in 2012, the UN Conference on Trade and Development said on Wednesday. The UNCTAD World Investment Report 2013 said...
  • SEBI approves overhaul of foreign investment rules June 25, 2013

    Mumbai: The Securities and Exchange Board of India (SEBI) approved an overhaul of rules for foreign investors, including easing registration procedures and simplifying categories, in a bid to attract vital flows needed to narrow a record high current account deficit. The SEBI approved the rules at its board meeting on...
  • Cabinet clarifies retail FDI norms, bans franchisee route June 6, 2013

    New Delhi: In response to the DIPP's plea for clarity on FDI policy in multi-brand retail (MBR), the Cabinet issued clarifications which allow only 30-per cent sourcing for front-end stores and forbid the MBR entity from conducting any other form of distribution. The sourcing conditions are only for manufactured store-products and...
  • Emaar MGF slapped with Rs 8,600 crore penalty notice June 4, 2013

    New Delhi: The Enforcement Directorate on Wednesday slapped a Rs 8,600 crore show-cause notice on construction major Emaar MGF Land Ltd and its sister firms for alleged forex rules violation, the biggest such penal action in country's real estate sector. The agency, which began an investigation in 2010 with regard...
  • Govt clears 8 FDI proposals worth Rs 696 crore May 31, 2013

    New Delhi: The government on Friday said it has approved eight FDI proposals worth Rs 696 crore, including those of ACME Solar Energy, GETIT Infoservices and McKinsey & Company. The Foreign Investment Promotion Board (FIPB) cleared the proposal of ACME Solar Energy to bring in foreign investment worth Rs 275 crore,...
  • Walmart lobbying: Probe panel to submit report this week May 18, 2013

    New Delhi: The panel looking into retail major Walmart's lobbying activities with American lawmakers for its entry into the Indian market is likely to submit its report to the government in a day or two. The one-man committee, headed by former Chief Justice of Punjab and Haryana High Court Mukul...
  • Govt clears 17 FDI proposals worth Rs 262.56 crore May 7, 2013

    New Delhi: The government on Tuesday said it has cleared 17 foreign direct investment proposals totalling Rs 262.56 crore, including that of Sanofi-Synthelabo (India). The proposals were cleared following recommendations by Foreign Investment Promotion Board (FIPB) headed by Department of Economic Affairs Secretary Arvind Mayaram, an official statement said. Sanofi-Synthelabo's proposal...
  • Govt clears IKEA's Rs 10,500 crore FDI proposal May 2, 2013

    New Delhi: The government on Thursday allowed Swedish furniture major IKEA to invest Rs 10,500 crore - the biggest ever FDI proposal in single brand retail - for setting up home furnishing stores in the country. "Whatever proposal of IKEA was there has been cleared," Information and Broadcasting Minister Manish Tewari...
  • Parliamentary panel recommends enhancing FDI limit April 30, 2013

    New Delhi: Rejecting the Defence Ministry's view on foreign direct investment, a Parliamentary committee has recommended enhancement in FDI limit to attract foreign companies as it would benefit the Indian defence sector in the long run and save precious foreign exchange. The Standing Committee on Defence took note of the...
  • Walmart continues lobbying with US on FDI in India April 23, 2013

    Washington: Walmart continued to lobby with the American lawmakers over Indian retail FDI rules during the first quarter of 2013, even as a probe is underway into the global retail giant's US lobbying activities for facilitating its India entry. In its latest lobbying disclosure report filed...
  • 'Increasing FDI in insurance sector is top on UPA agenda' April 20, 2013

    Washington: Increasing Foreign Direct Investment in the insurance sector is top priority for the ruling UPA, Finance Minister P Chidambaram said on Saturday, hoping that a bill to address the issue will be passed in the upcoming Parliament session. Responding to questions at the Peterson Institute, Chidambaram appreciated the efforts...
  • Govt approves 12 FDI proposals worth over Rs 2,609 cr March 22, 2013

    New Delhi: The government on Friday said it has approved 12 FDI proposals, including that of pharma firm Claris Otsuka, totalling over Rs 2,609 crore. The Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram, also cleared the proposal of Decathlon Sports India's proposal for induction of...
  • Govt to follow global practices to define FDI, FII February 28, 2013

    New Delhi: Seeking to end ambiguity, the government on Thursday proposed to follow the international practice with regard to defining foreign direct investment (FDI) and foreign institutional investors (FII). "In order to remove the ambiguity that prevails on what is FDI and what is FII, I propose to follow the...