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
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). ...
05:40 PM, Dec 21, 2012
Foreign direct investment (FDI) inflows into India jumped 67 Per cent in October to $1.94 billion but inflows for the current financial year were still down. ...
01:30 PM, Dec 21, 2012
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
Emboldened by the victory over the issue of FDI in retail in Parliament, Prime Minister Manmohan Singh on Saturday hit out at opponents, saying they are "ignorant" about global realities or are constrained by "outdated ideologies". Asserting that the decisions on allowing FDI in retail and also in other sectors were based on sound economic logic, he said "these (were) politically difficult" decisions, but the government went ahead as it...
05:21 AM, Dec 16, 2012
Prime Minister Manmohan Singh on Saturday said that the government is trying to bring greater clarity on allowing foreign capital inflows in the domestic pharma sector. ...
01:50 AM, Dec 16, 2012
Prime Minister Manmohan Singh on Saturday said the steps taken on the economic front were "only the beginning of a process to revive the economy" and were "politically difficult". ...
12:20 AM, Dec 16, 2012
The government on Thursday set up a Cabinet Committee on Investment (CCI) to accord approval to mega projects worth over Rs 1,000 crore, remove investment bottlenecks and drive growth. The panel will be headed by the Prime Minister and seek to "fast-track mega projects of over Rs 1,000 crore", official sources said after a meeting of the Cabinet. ...
08:49 AM, Dec 14, 2012
Seeking to remove investment bottlenecks and promote growth, the government on Thursday decided to set up a Cabinet Committee on Investment (CCI) to accord single-window approval to mega projects of over Rs 1,000 crore. "The proposal to set up Cabinet Committee on Investment, headed by Prime Minister, to fast-track mega projects of over Rs 1,000 crore was cleared," official sources said after the meeting of the Cabinet. ...
09:36 PM, Dec 13, 2012
Cigarette-to-hotel conglomerate ITC Ltd chairman YC Deveshwar called on West Bengal Chief Minister Mamata Banerjee on Tuesday and "reaffirmed" the group's commitment to invest Rs.3,000 crore in the state in the next three to five years, a company official said. ...
03:40 AM, Dec 12, 2012
