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  • John Kerry to deliver major foreign policy speech on India Yesterday

    Washington:Laying out a roadmap of long-term strategic partnership between the largest and oldest democratic countries, US Secretary of States John Kerry will deliver a major foreign policy speech on India. Kerry, will underscore the shared prosperity, democratic values, and security that a strong US-India partnership brings to Asia and to the...
  • FII inflows hit $5 billion in July; cross $25 billion so for this year 2 days ago

    New Delhi: Betting big on the government's reforms agenda, overseas investors have poured in more than USD 5 billion in the Indian market so far this month taking the total inflow to over USD 25 billion since January. Net investments by foreign investors in the equity market were USD 2.2 billion...
  • MP wants to be India's economic heart, Shivraj Singh calls for investment 2 days ago

    With a view to make Madhya Pradesh heart of economic activity in India, Chief Minister Shivraj Singh Chouhan has called on industry leaders to invest in the State and assured them of providing investor-friendly environment. Chouhan met top corporate executives at an event in Madhya Pradesh on Friday night and told...
  • Cabinet clears 49% FDI in insurance with Indian control 4 days ago

    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,"...
  • Volkswagen plans $250 million investment in India July 15, 2014

    New Delhi: German car maker Volkswagen AG(VOWG_p.DE) plans to spend 15 billion rupees ($250 million) in India over the next five to six years, a senior company executive told reporters on Tuesday. Mahesh Kodumudi, president and managing director of Volkswagen India Pvt. Ltd., also said the company could increase its India...
  • India to push private investment in railway network July 8, 2014

    New Delhi: The bulk of India's future railway projects will be financed through public-private partnerships, the country's railways minister said on Tuesday, in a bid to modernise the vast but underfunded network. In his maiden budget, Sadananda Gowda said his ministry would also seek cabinet approval for allowing foreign direct investment...
  • Hyderabad will need of two more airports in future: KCR July 7, 2014

    Hyderabad: Hyderabad will require at least two more airports in the near future as the city's population is expected to touch three crore with the development of the Information Technology Investment Region, according to Telangana Chief Minister K Chandrasekhar Rao. "Hyderabad's population in 2014 is 94 lakh. We are soon to...
  • Investment banks jockey for $100 million Samsung restructuring bonanza July 4, 2014

    Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone. Foreign and Korean investment banks are...
  • India need Rs 30000 crore investment per annum for Biotech department' June 11, 2014

    New Delhi: To provide affordable health care with innovative medicines and to attain global leadership in R&D, India needs an investment of Rs 30,000 crore annually in the next five years so that the Biotech Industry can grow to USD 100 billion by 2025, industry experts recommended. "Biotechnology and life sciences...
  • Shivraj meets Gauteng province Premier in South Africa, seeks investment for MP June 11, 2014

    Madhya Pradesh Chief Minister Shivraj Singh Chouhan met South Africa's Gauteng province Premier (Chief Minister) Maemolla David Makhura and his council of ministers and discussed investment in the state, during his third-day of visit to the African nation. Chouhan and the Gauteng Premier held detailed discussions on Tuesday on processing and...
  • India likely to announce foreign investment in e-commerce next month: Sources June 4, 2014

    New Delhi: 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 told Reuters. A more robust online retail sector will...
  • Sahara chief to remain in jail as SC lifts freeze on assets June 4, 2014

    Sahara group chief Subrata Roy will remain in jail even as the Supreme Court on Wednesday lifted the freeze on the group's moveable and immovable assets so it could raise Rs.10,000 crore for part repayment to investors. The apex court March 26, 2014 had said Sahara Group will deposit Rs.10,000 crore...
  • 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...
  • Blow for Sahara, request for house arrest of Subrata Roy rejected May 29, 2014

    New Delhi: There is no relief for Sahara group chief Subrata Roy. The Supreme Court on Thursday rejected the idea of putting Roy under house arrest for the time being. The apex court has directed the Sahara group to get valuation of three properties which have been mortgaged with the...
  • Cabinet clears KKR investments in two pharma companies May 13, 2014

    The government on cleared private equity major KKR's proposal to acquire stakes in two pharmaceutical companies in deals worth over Rs 1,400 crore, including 38 per cent stake buy in Gland Pharma. The two deals are estimated to be worth Rs 1,434 crore, sources said. In the first proposal, the Cabinet...
  • Jobs, investment should top agenda of new government: Vedanta chief May 13, 2014

    New Delhi: Employment generation and revival of manufacturing and investment besides poverty eradication should top the agenda of the new government, Vedanta Resources Chairman Anil Agarwal said on Tuesday. "As industry awaits new government, reviving manufacturing & investments, generating employment and eradication of poverty to be top agenda," he tweeted. Exit...
  • How can I create an effective portfolio through mutual funds? April 25, 2014

    Lot of people believe that investing in a fixed deposit does not carry any risk. If fixed deposit is offering you 8 per cent p.a. rate of return and inflation is 9 per cent p.a., you destroy your wealth by 1 per cent. In a fixed deposit, the capital is...
  • Kerala: Accused in a get-rich-quick scheme surrenders April 21, 2014

    Thiruvananthapuram: Sabarinath, the main accused in the 'Total 4 u' financial fraud has surrendered at a magistrate court in Thiruvananthapuram after absconding for about three years. The case that dates back to 2008 was that he had cheated about 1,000 investors to the tune of Rs 200 crore. He had wooed...
  • Reports of investments flowing into Gujarat false: Anand Sharma April 19, 2014

    Union Commerce Minister Anand Sharma on Saturday hit out Narendra Modi saying that the reports of investments flowing into Gujarat is false. ...
  • 10 commandments of successful investing April 9, 2014

    Let me unveil the 10 commandments of successful investing today. These commandments strictly followed can make you a successful investor; make you richer. The successful legendary investors like Benjamin Graham, Warren Buffet have followed these principles, so why not you? 1. Decide your investment strategy and stick to it An investor may...
  • Show Me The Money: Gaurav Gogoi has cash reserves worth Rs 76,000 April 4, 2014

    Congress leader from Kaliabor, Gaurav Gogoi has cash reserves of Rs 76,000 and bank deposits and investments ranging up to Rs 30 lakh. ...
  • Maharashtra replaces Gujarat as top investment destination: Assocham April 3, 2014

    New Delhi: Maharashtra has emerged as the number one investment destination in the country replacing Gujarat, according to an Assocham report. Maharashtra attracted cumulative investment proposals of Rs 14,73,466 crore as on December 2013, while Gujarat drew proposals worth Rs 13,98,347 crore, an analysis by the industry group showed. The primary...
  • Rangarajan says 5.2 per cent growth in Q4 achievable March 14, 2014

    The economy can grow an annual 5.2 percent in the quarter to end-March on higher farm output growth, the chairman of the Prime Minister's Economic Advisory Council said on Friday. C Rangarajan also said he expects the economic growth to pick up to 5.5-6 per cent in the fiscal year that...
  • No relief for Subrata Roy from SC, next hearing on March 25 March 13, 2014

    New Delhi: In another setback for Sahara chief Subrata Roy, the Supreme Court on Thursday again deferred hearing on his contempt case saying it will only hear Sahara's plea against his detention when the company gives a proposal to refund the crores it owes to its investors. The hearing has been...
  • US suspends trade, investment talks with Russia over Ukraine March 4, 2014

    Washington: The United States has put trade and investment talks with Russia on hold as a rebuke for Russia's incursion into Ukraine, a US official said on Monday. "We have suspended upcoming bilateral trade and investment engagement with the government of Russia that were part of a move toward deeper commercial...
  • Panel on coal linkages to meet on February 19 February 2, 2014

    New Delhi: An inter-ministerial panel will meet on February 19 to review the status of existing coal supply arrangements to the power and other sectors. "The meeting of the Standing Linkage Committee (Long-Term) for power/sponge/cement to review the status of existing coal linkages/letters of assurance and other related matters will...
  • Raman Singh promises to resolve investors' grievances January 22, 2014

    Chhattisgarh Chief Minister Raman Singh has assured investors and entrepreneurs to address their grievances, including problems in approval for electricity, water, land and environment clearance. Singh also advised the industrialists to maintain a good communication with villagers of the areas where they are investing as part of Corporate Social Responsibility (CSR),...
  • 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...
  • Special package extended for Himachal, Uttarakhand: Anand Sharma January 15, 2014

    The Centre on Wednesday extended the special package for Himachal Pradesh and Uttarakhand till March 2017, a move that will help accelerate industrial growth of both the hilly states. “The Cabinet extended the special package for the states of Himachal and Uttarakhand, which has two components - the capital investment subsidy...