INVEST

  • Jaitley presents Economic Survey, states India an attractive destination for long-term investment 3 hours 18 minutes ago

    Finance Minister Arun Jaitley tables the Economic Survey for FY 2014-15 ahead of the Union Budget. A growth rate of over 8 per cent is expected for the coming year. According to an Economic Survey the growth in 2014-15 is largely driven by domestic demand. ...
  • E-Commerce companies hope Jaitley will find a way out of current tax muddle 3 hours 29 minutes ago

    Bengaluru: India's IT capital is the hub of booming e-commerce. And in budget 2015, India's e-commerce companies are hoping they will find a way out of their current tax muddle. With online shopping and online transactions growing by leaps over the last year, the big e-commerce players like Amazon and...
  • Railway Budget 2015: Centre to invest Rs 8.5 lakh crore but no new trains or fare hike 22 hours 19 minutes ago

    New Delhi: The government unveiled plans on Thursday to invest Rs 8.5 lakh crore in its decrepit rail network over the next five years, heralding Prime Minister Narendra Modi's aggressive approach to building infrastructure needed to unlock faster economic growth. Over the next year, government will increase investment by about a...
  • SpiceJet's new owner infuses Rs 500 crore to revive the airline Yesterday

    New Delhi: Budget carrier SpiceJet has finally received the much-need funding, with the new owner Ajay Singh infusing Rs 500 crore in the airline as part of his Rs 1,500 crore investment plan to revive it. Singh paid Rs 500 crore to SpiceJet on Wednesday, sources said, adding that two more...
  • Railways needs Rs 2 lakh crore to complete projects, getting private money is not easy 2 days ago

    (KH Muniyappa is a seven time MP (Lok Sabha) from Kolar in Karnataka. Between 2004 and 2014, he was minister of state Railways, Transport and Minister of State (Independent charge) Micro, Small and Medium Enterprises) New Delhi: The health of the Indian Railways in not in good shape. The Railways is...
  • Investor confidence still shaky in India, outcome of Modi's initiatives awaited: US envoy 3 days ago

    Hyderabad: Maintaining that India needs to address issues related to investor confidence and intellectual property enforcement, US Ambassador Richard Verma claimed that the said the investor community is eagerly awaiting the results of initiatives taken by Prime Minister Narendra Modi. "Investor confidence in India is still shaky. Intellectual property enforcement is...
  • Foreign direct investment doubles to $2.16 billion in December 5 days ago

    New Delhi: Foreign direct investment (FDI) in India almost doubled to $2.16 billion in December 2014, compared to $1.10 billion in the same month of 2013. During the April-December period of the current fiscal, FDI rose by 27 per cent to $21.04 billion as against $16.56 billion in the same period...
  • Full text: Prime Minister Narendra Modi's address at Aero India show February 18, 2015

    Bengaluru: Prime Minister Narendra Modi flagged off South Asia's biggest air show in Bengaluru on Wednesday. The 10th Aero India show reflecting India's air prowess, is based on the theme 'Make in India'. Speaking at the event, Modi said a nation with a strong defence will be secure and will have...
  • Budget must create employment, induce demand and investments: PHD Chamber February 18, 2015

    New Delhi: While complimenting the Narendra Modi government for big-bang reform announcements, President of PHD Chamber of Commerce and Industry Alok B Shriram said that the forthcoming Union Budget 2015-16 is being formulated in a benign macro-economic environment at domestic and international level after many years. The economy is looking...
  • Samsung Display to invest $3.6 billion in new OLED production line February 11, 2015

    Seoul: South Korea's Samsung Display plans to invest 4 trillion won ($3.6 billion) into making organic light-emitting diode (OLED) panels as its parent Samsung Electronics Co Ltd looks to boost components sales to offset weaker smartphone earnings. A Samsung Display spokesman told Reuters on Wednesday the investment will take place from...
  • Black money trail: Not just names but proof needed to take action, says Finance Minister Arun Jaitley February 9, 2015

    New Delhi: Finance Minister Arun Jaitley said on Monday that the details that have emerged are the ones which the Centre already has with it and added that the question was not about names but evidences that the government needs. Speaking to mediapersons on black money, Jaitley said, "In first phase,...
  • Jaitley hints at more cuts in spending, says government shouldn't live on borrowed money February 6, 2015

    Mumbai: Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money. "We're trying to rationalise expenditure as far...
  • Investment in public health yields great returns, says Narayana Murthy February 3, 2015

    Hyderabad: Investment in public health produces enormous returns in the long term, Infosys Founder and PHFI's Leadership Council Chairman NR Narayana Murthy said on Tuesday. The first step in ensuring that people are capable of participating in economic activity is to ensure that they are...
  • India's FDI increased by 26 per cent in 2014: UN January 29, 2015

    Geneva: Notwithstanding the decline in global foreign direct investment inflows, India's FDI increased by 26 per cent in 2014 to an estimated $35 billion with maximum growth in the services sector, a UN report said on Thursday. China toppled the US in 2014 as the world's largest recipient of FDI...
  • Obama announces US dollar 4 billion investments, loans to India January 26, 2015

    New Delhi: US President Barack Obama on Monday announced investments and loans worth US dollar 4 billion by American agencies as part of measures to bolster trade with India. "Over the next two years our Export-Import Bank will commit up to US dollar 1 billion in...
  • USA will enhance trade with India by $4 billion over two years, says President Barack Obama January 26, 2015

    New Delhi: US President Barack Obama on Monday announced measures to enhance trade with India by $4 billion over two years. He also announced a public-private partnership for investments in India. Speaking at the Indo-US CEO Forum on Monday evening, Obama said the US companies are ready to help India in...
  • Why 2015 will be defining year for India January 16, 2015

    New Delhi: If there were an annual prize for the "World's Most Hopeful Economy," it would likely go to India. After years of disappointing returns, the world's largest democracy rediscovered vigor in 2014. Stocks rose by a third; foreign investment grew by a quarter; the economy at one stage expanded...
  • Minister of Trade UK Lord Livingstone Vibrant Gujarat Summit January 16, 2015

    Minister of Trade UK Lord Livingstone talks about investments flowing into India because of the Vibrant Gujarat Summit held in Gandhinagar. ...
  • Indo-British Trade Council Chairman on Vibrant Gujarat Summit January 13, 2015

    Indo-British Trade Council Chairman Uday Dholakia talks about investments flowing into India because of the Vibrant Gujarat Summit held in Gandhinagar. ...
  • 21,000 MoUs worth Rs 21 lakh crore signed at Gujarat Vibrant Summit January 13, 2015

    Gandhinagar: The seventh edition of the Vibrant Gujarat Global Summit in Gandhinagar was bigger and more impressive than all the previous editions as over 21,000 Memorandum of Understandings (MoUs) worth Rs 25 lakh crore have been signed. The three-day event saw political and business leaders from across the world converge...
  • RIL Chairman Mukesh Ambani announces Rs 100,000 crore investment in Gujarat January 11, 2015

    Gandhinagar: Reliance Industries Chairman Mukesh Ambani on January 11 announced Rs 100,000 crore investment across businesses in the next 12-18 months and said India was on the path to become the world's fastest growing economy. The investments will be in expanding petrochemical production capacity as well as in launch the much-awaited...
  • Gujarat a cultural crossover to the world: UN Secretary General Ban Ki-moon January 11, 2015

    Gandhinagar: UN Secretary General Ban Ki-moon on Sunday said Gujarat could also be a crossroad for a new era of sustainable development while it has long been a cultural crossover to the world. "This dynamic state has long been a cultural crossover to the world. Today, it can also be a...
  • PM Modi to inaugurate Vibrant Gujarat Summit, Ban Ki-Moon, John Kerry among attendees January 11, 2015

    Gandhinagar: Prime Minister Narendra Modi will inaugurate the seventh edition of Vibrant Gujarat Summit on Sunday, a flagship programme of the Gujarat government, in Gandhinagar, which will be attended by United Nations Secretary General Ban Ki-Moon, US Secretary of State John Kerry and 50 CEOs of top Indian as...
  • John Kerry to push India to give US firms greater access January 10, 2015

    Washington: Secretary of State John Kerry will push India to make it easier for US companies to do business there on a trip next week that also takes him to Europe to meet officials from Oman, Iran and Bulgaria, US officials said on Friday. Earlier this week, the State Department said...
  • Slow growth in global trade, says World Bank January 8, 2015

    Washington: In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said. In the year 2012 and 2013, the global trade expanded by less than 3.5 per cent, which is well below the pre-crisis average annual rate of seven per cent,...
  • India invites Korean companies to make 'bold' investments December 29, 2014

    Seoul: Calling South Korea an important partner for India's economic growth, External Affairs Minister Sushma Swaraj on Monday invited Korean companies to make "bold investments" and benefit from the 'Make in India' initiative of the government. In her address at the 8th India-South Korea Joint Commission Meeting, Swaraj said Korea...
  • Cabinet approves easing FDI norms for medical devices business December 24, 2014

    New Delhi: The Union Cabinet on Wednesday approved liberalising foreign direct investment (FDI) policy for the cash-starved medical devices sector. The proposal to relax the policy was considered and approved, sources said after the meeting of Union Cabinet headed by Prime Minister Narendra Modi. This is expected to help attract...
  • Third-quarter US economic growth strongest in 11 years December 24, 2014

    Washington: The US economy grew at a 5 per cent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear. Some of the strength appears to have been sustained, with other data on Tuesday showing consumer spending...
  • Narendra Modi moves in to speed up $300 billion stuck projects December 18, 2014

    New Delhi: Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters. Pro-business Modi has faced criticism in recent weeks that his ambition to spur investment...
  • Railways have no funds, need big investment: Suresh Prabhu December 13, 2014

    New Delhi: Describing the financial health of Indian Railways as being "too close for comfort", Railways Minister Suresh Prabhu on Friday said there was need for massive investment in the sector. "Railways require big investment. There is no fund for investment. There is requirement of Rs 6 lakh crore to Rs...