The Foreign Investment Promotion Board (FIPB) has given approval to Rs 10,000 crore investment proposal of Swedish furniture major, IKEA. The company will now be able to sell all its products and set up cafeterias at its retail stores. ...
08:45 PM, Jan 21, 2013
Some of you might remember the cover image of the badly bruised face of a man staring at you from the Forbes India Investment Guide 2012, around exactly the same time last year. It wasn't a pretty sight, signalling the onset of a brutal year for investors. It did turn out to be a rough ride, at least for the first half of the year. The economy slowed down, the...
12:41 PM, Jan 16, 2013
Holding Chief Minister Mamata Banerjee responsible for investors leaving West Bengal and shifting to states like Gujarat, the CPI-M on Tuesday ridiculed the investors' summit being held by the regime, saying no known industrialist has turned up. ...
01:20 AM, Jan 16, 2013
Qatar Airways is not interested in buying a stake in Indian budget carrier SpiceJet Ltd or any other Indian airline, its chief executive said, quashing media reports that the Gulf carrier was in talks for a potential investment. ...
12:37 AM, Jan 16, 2013
Being termed as West Bengal's Gujarat Summit, which wrapped up after a successful show on Saturday last week, the Trinamool government's 'Bengal Leads' conclave has ...
05:13 PM, Jan 15, 2013
The sixth edition of the Vibrant Gujarat Global Summit concluded in the state capital Gandhinagar Saturday evening with promises from the Bharatiya Janata Party government of investments worth Rs 40 lakh crore for the state. However, the Narendra Modi government's track record of converting pledged investments into reality has been less than impressive, with even Modi, who swept through the Gujarat elections in December 2012 to become the chief minister...
08:20 AM, Jan 13, 2013
Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on January 9, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums. The staff reduction pertains to Morgan Stanley's institutional securities unit - which includes sales, trading and investment banking, and whose staff will be reduced 6 per cent - as well...
11:49 AM, Jan 10, 2013
The Finance Ministry is likely to reconsider on January 18 the proposal of Swedish furniture major IKEA for opening cafeterias at its proposed mega retail outlets. "Meeting of Foreign Investment Promotion Board (FIPB) is scheduled on January 18 and the IKEA's case may be taken up," a Department of Industrial Policy and Promotion (DIPP) official said. ...
06:18 PM, Jan 06, 2013
Private equity funds invest over a seven to nine year cycle, so investments that were made in 2006 to 2008 will be the ones that will be ready for harvest. Unfortunately, many of those investments were made on business plans that don't look very achievable now. They all assumed a strong economic growth environment. This problem will be more for some sectors such as industrial goods as opposed to, say,...
11:43 AM, Jan 04, 2013
Finance Minister P Chidambaram on Thursday said investment in manufacturing and services sectors needed to be revived for creating jobs and accelerating economic growth. ...
02:24 AM, Jan 04, 2013
Jet Airways confirmed on Thursday that it was in talks with Abu Dhabi's Etihad Airways for a potential stake sale in the Indian carrier, although terms have not been finalised yet. "Various structures are being explored by the legal and commercial teams and care being taken to ensure that all the Indian regulatory requirements are fully complied with," Jet said in a statement to the Bombay Stock Exchange. ...
02:49 PM, Jan 03, 2013
Excluding the possibility of any cataclysmic event, I believe 2013 will see some revival in the capex cycle given that investment spending is so low. ...
03:27 PM, Jan 02, 2013
The global financial uncertainties forced the government in 2012 to finally show animal spirit in liberalising FDI policy amidst objections from Opposition parties with as many as seven sectors being further opened up during the period. ...
01:37 PM, Dec 31, 2012
Government is likely to clear IKEA's proposal to open cafeterias at its proposed mega retail outlets when the Foreign Investment Promotion Board (FIPB) reviews the Swedish furniture major's request on Monday. ...
03:41 AM, Dec 31, 2012
Of its Rs 10,500 crore investment plan for India, IKEA has got FIPB approval to bring in only Rs 4,200 crore, even as Commerce and Industry Minister Anand Sharma today batted for allowing the Swedish furniture major's global model which includes cafeterias inside their stores. The Department of Industrial Policy and Promotion (DIPP), under Sharma, has already forwarded a request to Foreign Investment Promotion Board (FIPB) in the Finance Ministry...
04:17 PM, Dec 26, 2012
India has rejected a proposal by autos-to-software conglomerate Mahindra & Mahindra to set up a joint venture with Israel's Rafael Advanced Defense Systems Ltd, a government statement said on December 26. ...
02:00 PM, Dec 26, 2012
Russian Direct Investment Fund (RDIF), a sovereign wealth fund, and the State Bank of India will jointly invest up to $2 billion to promote trade and economic cooperation projects, the Russian fund said in a statement on Monday. ...
05:13 AM, Dec 25, 2012
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, however, FDI inflows have declined by about 27 per cent to USD 14.78 billion, from USD 20.29 billion in the...
05:40 PM, Dec 21, 2012
New Delhi: Foreign direct investment (FDI) inflows into India jumped 67 per cent in October to $1.94 billion, a government statement said on Friday, but inflows for the current financial year were still down. Total FDI inflows in the first seven months for the current fiscal year that began in April were down 42 per cent from a year earlier at $14.79 billion, the statement said. ...
01:30 PM, Dec 21, 2012
New Delhi: West Bengal Chief Minister Mamata Banerjee on Monday said industrialists are "very happy" with her policies and are ready to invest in the state. "Earlier there was a perception that nothing is there but today we clarified our position and now they are very happy and they have said that they will invest in West Bengal," she said after meeting the captains of industry in the national capital....
10:27 PM, Dec 17, 2012
