New Delhi: A 2G case prosecution witness on Monday told a Delhi court that Sonata Investment Limited, allegedly involved in transfer of funds between Swan Telecom and Reliance ADA Group, was a part of the latter but Anil Ambani was not on its board of directors. "I am aware of Sonata Investment Ltd. This company is also part of Reliance ADA Group. Sonata Investment Ltd is part of Reliance Energy...
06:17 PM, Feb 13, 2012
Chennai: Seeking to tap more Japanese FDI in manufacturing and infrastructure sectors, Tamil Nadu Chief Minister Jayalalithaa today said her government would soon sign agreements with some major Japanese companies, which are considering substantial investments in the state. "Japanese companies have been evincing interest, mainly in the manufacturing sector... The auto sector accounts for about 60 per cent of Japanese FDI in Tamil Nadu. I am confident Chennai will emerge...
02:34 PM, Feb 12, 2012
Washington: The United States has said it is working to reduce investment and trade barriers with India and Brazil, two of the fastest growing markets. The two countries present American exporters with significant opportunities and challenges, said Miriam Sapiro, Deputy US Trade Representative. "As with China, we are working hard to identify, address, and reduce barriers to trade and investment between the United States and India and Brazil, two of...
12:23 PM, Feb 11, 2012
New Delhi: A Group of Ministers on Civil Aviation, headed by Union Finance Minister Pranab Mukherjee, is likely to meet on Thursday to decide on allowing foreign direct investment in the Aviation sector. On the agenda are issues like allowing foreign carriers to have a stake in domestic airlines and sales tax on jet fuel. On Tuesday, the GoM had decided to allow the airline companies to import jet fuel...
08:28 AM, Feb 09, 2012
Could the depressed state of the Indian economy put off foreign investors and could the 2G judgement then add to their concerns? ...
09:13 PM, Feb 08, 2012
The overwhelming majority of investment analysts belong to two basic camps when it involves predictions. The first tend to take themselves and their learned prognosis for the world pretty seriously. More often than not they are paid by their employers to predict the future. Funnily, these otherwise talented individuals do not appear to have come to terms with the futility of forecasting. The second camp studiously avoids making predictions and...
01:46 PM, Feb 07, 2012
Bhopal: With IT majors like Infosys and TCS gearing up to enter Madhya Pradesh's commercial town of Indore, the state is trying to position itself as the most sought-after destination after metros like Bangalore, Pune and Hyderabad which are facing severe space crunch. As per the MoU signed between the Shivraj Singh Chouhan government and Infosys, the IT major is setting up its unit with the investment of Rs 600...
10:38 AM, Feb 03, 2012
New Delhi: Norwegian telecommunications company Telenor on Friday came out strongly against the Supreme Court ruling ordering all 2G licenses to be scrapped saying that the order was a "very serious attack" on the firm's investments. "The Supreme Court ruling is a very serious attack on the firm's investments. Quitting the Indian market now is an option being considered," a statement by the company read. It added, "(The firm) may...
08:42 AM, Feb 03, 2012
Mumbai: Overseas investments by Indian companies stood at $ 797 million in January, with Tata Group, infrastructure major IL&FS and pharma major Lupin emerging as major investors. As many as 418 overseas investment transactions were carried out by various companies last month. However, outbound foreign direct investment (FDI) in the month of January was over 45 per cent less than the $ 1.46 billion figure during December 2011, according to...
07:57 PM, Feb 02, 2012
Mumbai: After cutting the cash reserve ratio by 50 basis points, the governor of the Reserve Bank of India said that it was now the government's turn to take a step towards fiscal consolidations. Speaking exclusively to CNBC-TV18 for the first time since the RBI policy announcement on January 24, Deputy Chairman of Planning Commission Montek Singh Ahluwalia said that the government will signal fiscal consolidation in the Budget, but...
02:58 PM, Feb 01, 2012
Hyderabad: The state government on Sunday claimed that for the first time the the state power sector had attracted a lion's share of investments of around Rs 2.93 lakh crore and stood number two in attracting investments. Enthused with the success of CII Partnership Summit- 2012 in attracting substantial investments, the government directed all power utilities to fully gear up and re-double the efforts to meet the power requirements of...
09:24 AM, Jan 30, 2012
Chicago: Pitching for foreign investment in the infrastructure sector which needs $1 trillion in the 12th five-year plan, Finance Minister Pranab Mukherjee on Sunday asked the US investors to access the Indian debt market through a mechanism of regulated entities with a sustained long-term interest rate. Meeting leaders of Fortune 500 companies in Chicago, he assured them that India has evolved a transparent and stable regulatory regime in sectors such...
01:57 PM, Jan 29, 2012
Chicago: Finance Minister Pranab Mukherjee will visit Chicago on Saturday to look for future investment possibilities between India and United States. During his two-day visit, Pranb Mukherjee will look for investments in power, infrastructure, ports, highways etc. With an aim to invest $1 trillion in infrastructure for the next five year plan 2012-2017, Mukherjee will seek suitable partners for building the Indian economy. The finance minister had visited Washington DC...
02:20 AM, Jan 28, 2012
A painting is not a bond. A sculpture is not a share certificate. You like an MF Husain or Tyeb Mehta painting because you can look at it for hours and marvel at the brush strokes that evoke history, politics, religion, philosophy; interpreting the scope of human existence itself within the four corners of an otherwise mute canvas. It is a thing of beauty. And you appreciate it. That is...
09:25 AM, Jan 21, 2012
New Delhi: Mobile handset market leader Nokia, with manufacturing facility in an SEZ near Chennai, plans to revamp its business in India by infusing fresh investment of Rs 250 crore in the next three years, with potential to create 500 new jobs. The company has furnished the information with the Commerce Ministry, seeking permission for its restructuring plan. Since the handset manufacturer has a facility in the Special Economic Zone(SEZ),...
02:20 AM, Jan 21, 2012
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