Foreign Investments

  • Morgan Stanley keen to start proprietary trading in India 25-12-2013 05:35 PM

    Indian brokerage arm of global investment banker Morgan Stanley has sought RBI's approval to start proprietary trading under which it will be able to buy and sell securities on its own account. The application of Morgan Stanley is pending with the Reserve Bank as there is no clarity on whether...
  • Ministry of Home Affairs may give clearance to Vodafone's FDI proposal soon 19-12-2013 06:28 PM

    The Ministry of Home Affairs is likely to give clearance to Vodafone's Rs 10,141 crore foreign investment proposal to buy out minority shareholders in its Indian arm. The Foreign Investment Promotion Board (FIPB) had last week deferred Vodafone's proposal as the MHA was yet to give its comments. "The MHA...
  • India approves 20 FDI proposals worth $146 million 20-11-2013 12:24 AM

    The Foreign Investment Promotion Board has approved 20 foreign direct investment proposals worth 9.16 billion rupees, a finance ministry statement said on Tuesday. The board also recommended private sector Federal Bank'sforeign investment plan amounting to 14 billion rupees to the cabinet panel, the statement said. ...
  • Govt relaxes FDI norms in several sectors to boost sagging economy 01-08-2013 08:59 PM

    New Delhi: Opening the floodgates to overseas investors, the government on Thursday relaxed investment norms in multi-brand retail and raised FDI caps in several sectors while making it 100 per cent in telecom. The Cabinet headed by Prime Minister Manmohan Singh diluted the mandatory 30 per cent local sourcing norms...
  • FIPB to discuss Rs 2,058 crore Jet-Etihad deal today 29-07-2013 12:10 PM

    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...
  • 'FDI inflows to India down 29 per cent in 2012' 27-06-2013 10:50 AM

    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...
  • SEBI approves overhaul of foreign investment rules 25-06-2013 07:16 PM

    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...
  • Govt panel for hiking FDI limits in defence, telecom 19-06-2013 12:08 AM

    New Delhi: A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes. "We have submitted the report to the Finance Minister. Action will be taken on it as...
  • Telenor gets FIPB nod for hiking stake in Uninor 14-06-2013 09:38 PM

    New Delhi: Government on Friday allowed Norwegian telecom firm Telenor to increase stake in its Indian arm from 49 per cent to 74 per cent at an estimated equity infusion of around Rs 934 crore. "Telenor proposal has been approved," Economic Affairs Secretary Arvind Mayaram said after the meeting of...
  • FIPB defers decision on Jet Airways-Etihad deal 14-06-2013 04:55 PM

    New Delhi: The Foreign Investment Promotion Board (FIPB) has deferred a decision on Gulf carrier Etihad Airways' planned 24 per cent stake buy in Jet Airways, the country's economic affairs secretary said on Friday. The board has sought more details on "effective control" and ownership, Arvind Mayaram said. After the...
  • The fundamentals for India are improving, says Raghuram Rajan 11-06-2013 11:42 PM

    The Finance Ministry said that it will take steps to increase foreign investment flows into the country to strengthen the depreciating rupee. ...
  • Finance Ministry to take steps to strengthen rupee at right time 11-06-2013 04:50 PM

    New Delhi: The Finance Ministry on Tuesday said it will take steps to increase foreign investment flows into the country to strengthen rupee and the regulators will act at appropriate time to contain the fall in domestic currency that touched a record low of 58.96 to a dollar. "We will...
  • Govt clears 8 FDI proposals worth Rs 696 crore 31-05-2013 07:26 PM

    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...
  • Committed to hard decisions to promote growth: PM 28-05-2013 08:44 PM

    Tokyo: Committing himself to 'hard and difficult' decisions for long-term interest of the economy, Prime Minister Manmohan Singh on Tuesday expressed confidence that the economy will return to the growth path of 8 per cent. Inviting Japanese investments in the infrastructure sector, he told captains of industry here that a...
  • FIIs invest Rs 12,000 crore in stock market 19-05-2013 11:58 AM

    New Delhi: Overseas investors have poured in nearly Rs 12,000 crore (about USD 2.2 billion) into the Indian equity market so far this month. With this, the total foreign investment in the country's equity market has reached Rs 73,029 crore (USD 13.5 billion) since January. During May 2-17, foreign institutional...
  • India needs open foreign investment rules: Lord Swraj Paul 08-04-2013 12:56 PM

    New Delhi: Advocating an open set of rules for overseas investors, NRI industrialist Lord Swraj Paul has said that India should just specify the level of permitted foreign investment in each sector and let the companies accordingly invest without any individual approval procedures. Terming the current economic problems as a...
  • FDI inflows jump 65 per cent to $ 1.94 bn in October 21-12-2012 05:40 PM

    New Delhi: India's foreign direct investment (FDI) inflows grew by over 65 per cent year-on-year to USD 1.94 billion in October, according to the Department of Industrial Policy and Promotion (DIPP). In October 2011, the country had attracted FDI worth USD 1.16 billion. For the April-October period of this fiscal,...
  • Govt clears IKEA's proposal to invest in single-brand retail 20-11-2012 06:06 PM

    New Delhi: Government's single-window body to clear foreign investment proposals, FIPB, on Tuesday cleared Swedish furniture major IKEA's Rs 10,500-crore project, the largest FDI in single-brand retail so far. The Foreign Investment Promotion Board (FIPB) has approved the proposal of IKEA, Economic Affairs Secretary Arvind Mayaram said after the board...
  • Govt lets foreign individuals invest in stock markets 02-01-2012 08:37 AM

    New Delhi: India will allow individual foreign investors direct access to its stock market from January 15, the government said on Sunday, the latest step to liberalise Asia's third-largest economy after a year of big losses on the benchmark Sensex index. Previously, foreign nationals were limited to investing in India's...
  • Modi seeks Chinese investments in Gujarat 09-11-2011 02:50 PM

    Beijing: On a goodwill visit to China, Gujarat Chief Minister Narendra Modi on Wednesday made a strong pitch for Chinese investments, asserting that his state, which is the "growth engine" of India with the best infrastructure, offers excellent returns for foreign investments. Modi, who is on his fourth visit to...
  • Govt may allow global airlines to invest in India 24-10-2011 10:35 AM

    Mumbai: The cabinet will shortly consider a proposal to allow foreign airlines to pick up stakes in cash-strapped domestic carriers, local media reported on Monday, citing unnamed government officials. The Economic Times newspaper reported on Monday that the industry ministry has circulated a draft cabinet note for inter-ministerial consultation after...
  • Inflation dulls India star, unnerves investors 29-01-2011 07:38 PM

    London/Mumbai: Soaring inflation and rate rises are starting to hit corporate margins in India, tempting more foreign fund managers to slash holdings in favour of markets that can better capitalise on the global economic recovery. With oil and food prices not seen easing in the near future, money managers reckon...
  • Govt overhauls foreign investment norms 11-02-2009 10:22 PM

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