INVESTMENT

  • 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...
  • Cabinet approves Insurance Bill, Rajya Sabha may take up next week December 10, 2014

    New Delhi: The Cabinet on Wednesday night approved the insurance amendment bill with a composite foreign investment cap of 49 per cent for presenting it in Parliament, incorporating the changes suggested by a House panel. The Cabinet, headed by Prime Minister Narendra Modi, approved incorporation of amendments suggested by a Parliamentary...
  • Arun Jaitley promises 'civilised' tax regime to attract investment December 10, 2014

    New Delhi: India will soon raise the foreign investment cap in insurance sector and work for making the tax regime "civilised" to attract overseas investments, Finance Minister Arun Jaitley on Wednesday said while exuding confidence of achieving 6 per cent growth next fiscal. Underlining that growth would...
  • Parliamentary committee recommends 49 per cent cap on foreign investment in insurance December 10, 2014

    New Delhi: A Parliamentary Committee has recommended a composite cap of 49 per cent on foreign investment in insurance in a report tabled in Rajya Sabha on Wednesday. The Select Committee report said that the cap on foreign investment in insurance include foreign direct investment and foreign portfolio investments. The Congress has...
  • Live: Uproar in Lok Sabha over objectionable remarks by TMC leader Kalyan Banerjee against PM Modi December 10, 2014

    After a delay of almost seven years, the legislative approval to hike foreign direct investment in insurance sector from 26 per cent to 49 per cent may finally come from Parliament. The Select Committee on the Insurance Bill will submit its report to the Rajya Sabha on Wednesday. ...
  • Mamata Banerjee takes industrialists on Sundarbans tour, seeks investments December 10, 2014

    Sajnekhali: West Bengal Chief Minister Mamata Banerjee, who took a select group of industrialists on a tour to the world's largest mangrove forests on Tuesday, urged them to help the government in developing tourism infrastructure. "I request you to pump in money for promoting tourism and developing infrastructure in our state,...
  • India lags far behind China, US in R&D expenditure: Harsh Vardhan November 28, 2014

    New Delhi: India's investment in science and technology lags far behind that of China, South Korea and the US and the government aims to invest 2 per cent of its GDP on research and development under the 12th Plan against only 0.88 per cent in 2011-12, Rajya Sabha was informed....
  • Government working towards reviving India's economy: Modi assures businessmen November 18, 2014

    Canberra: Prime Minister Narendra Modi is in Melbourne for the last leg of his Australian tour where he held a meeting with the country's CEOs. During the meeting, Modi assured the business community that his government is working towards reviving the economy. "My government is actively working to revive economy....
  • G20 plans major investment initiatives in countries like India November 17, 2014

    Brisbane: The G20 has cited India among other countries for launch of major investment initiatives and for having a sustainable growth. A Brisbane Action plan released as part of the G20 communique also said that the state of the global economy calls for a comprehensive and coherent policy response that restores...
  • Local businessman gains momentum through online initiatives November 13, 2014

    New Delhi: In this Internet revolution, a majority of consumers look online for local products or services. Why to go out and explore your requirement when you can 'get online'. With local businesses flourishing in India in every state, city or even small towns, more and more people are connecting...
  • Xi Jinping calls for accelerated efforts to construct Silk Road Belt November 6, 2014

    Beijing: Buoyed by the successful launch of Asian Infrastructure Investment Bank in which India along with 20 other countries joined, Chinese President Xi Jinping called for accelerating efforts to construct Silk Road Economic Belt, saying that the two are complementary. "China will accelerate the construction of the Silk Road Economic...
  • 'Investors optimistic but speed of changes crucial for growth of Indian market' November 4, 2014

    New Delhi: Ahead of the world economic forum summit, Deloitte's Managing Director for global industries Gary Coleman has said that the investors are looking at the Indian market with optimism. However, he added a caveat saying that India needs to speed up policy and infrastructure changes. "I'm actually quite bullish on...
  • India can grow at 8-9 per cent; good governance key: Arun Jaitley October 30, 2014

    New Delhi: India has the capacity to grow at 8-9 per cent and good governance would make economic expansion "more exuberant", Finance Minister Arun Jaitley said. "I have always wondered to myself that in the last two years with average to moderate governance (economic growth was sub-five per cent). "India...
  • Egyptian PM praises Indian manufacturing facilities October 29, 2014

    Cairo: Prime Minister Ibrahim Mehleb has praised the scale of the Indian manufacturing facilities in Egypt as he visited a chemical plant with the largest Indian investment in the country. Mehleb visited TCI Sanmar plant, the largest Indian investor in Egypt's chemical business, in Port Said with six cabinet ministers...
  • Pakistan an attractive, long-term investment place: Nawaz Sharif October 27, 2014

    Islamabad: Pakistan Prime Minister Nawaz Sharif on Monday said that there were opportunities for investors in Pakistan and termed the country a potential place for long-term investments. The premier was speaking at a two-day investment conference titled 'Invest Pakistan: priority sectors and legal framework for investment in the country', Dawn online...
  • India delays decision on iron ore licence for POSCO's $12 billion plant October 18, 2014

    Bhubaneshwar: The government has again delayed a decision on permitting POSCO to mine iron ore, seeking more clarifications from Odisha where the South Korean company has waited nine years to set up a $12 billion steel plant. Former Prime Minister Manmohan Singh said in January that POSCO's request for a mining...
  • Madhya Pradesh presenting itself as a core for investment opportunites October 4, 2014

    From being a traditionally cultural hub, Madhya Pradesh is now presenting itself as a core for investment opportunities on the global stage. ...