Phnom Penh: Trade and investment are expected to be major issues to figure in the meeting between Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabao in Phnom Penh on Monday against the backdrop of India's concerns over growing imbalance in trade and lack of market access to Indian investments in certain sectors in China. During the meeting on the sidelines of the ASEAN Summit, Singh is expected to...
04:27 AM, Nov 19, 2012
Bangalore: Government has information that terror groups have been investing money in Indian stock markets, Home Minister Sushil Kumar Shinde said on Friday. Asked by reporters about "intelligence information" that Pakistan-based Jamaat-ud-Dawa is investing money in Indian stock exchanges, the minister said he had spoken at the Interpol meeting in Rome that the Government has "some information" that some terror groups were engaged in such activities. Shinde, however, said he...
11:11 PM, Nov 16, 2012
Tokyo: US-based Intel Corp and Qualcomm Inc are in talks to jointly invest about 30 billion yen ($378 million) in debt-stricken Japanese consumer electronics maker Sharp Corp, two sources familiar with the matter said on Wednesday. Details of the talks were not known, but Sharp, whose displays are used in Apple Inc's iPads and iPhones, is looking to small displays to spark a revival in its fortunes and sees the...
11:39 AM, Nov 14, 2012
New Delhi: A Rs 500 crore scam that left over 10,000 investors duped across seven states - the Delhi Police is now planning to approach the Enforcement Directorate and the Serious Fraud Investigation Office (SFIO) to get to the bottom of it. However, people who invested in the firm claim that they were taken in by the promise of quick returns. After being duped, the investors formed a group on...
07:24 PM, Nov 13, 2012
New Delhi: India will step up training of the Afghan police and military after a request on Monday by President Hamid Karzai, who also urged Indian businesses to invest in his battle-weary nation as it gears up for the departure of NATO troops. The extra help is likely to be welcomed by the United States, which sees India as a stabilizing power in South Asia. But it may unnerve Pakistan,...
12:50 AM, Nov 13, 2012
Mumbai: Prime Minister Manmohan Singh on Saturday said the government has dispelled the atmosphere of 'gloom and doom' and will soon announce steps to stave off investors' fears ensuing from taxation measures like anti-tax avoidance rule and retrospective tax amendments. "We have dispelled gloom and doom, improved the climate for foreign investment, improved ministry coordination, and are working hard to restore investor confidence and the growth environment," he told captains...
05:33 AM, Nov 11, 2012
Mumbai: Afghanistan is "ripe and ready" for Indian investments in mining and other sectors, President Hamid Karzai told business leaders in Mumbai on Saturday at the start of a trip to woo investors for his war-ravaged country. "We'd like to welcome you with a red carpet, but you need to arrive at the red carpet," he told delegates at an industry event in the financial capital. "What I'd like to...
04:38 AM, Nov 11, 2012
Kolkata: Pointing to the fund crunch facing West Bengal, Chief Minister Mamata Banerjee on Friday asked industrialists to invest in the state without giving any credence to 'wrong publicity' in the media. "Invest in West Bengal as the industrial scenario is good in our state. Do not give credence to wrong publicity against our government," Banerjee said at a 'Bijoya Sammilani' in her first interaction with city industrialists after the...
02:30 AM, Nov 10, 2012
New Delhi: A company promising hefty returns on investments made for rearing goats has come under the scanner of market regulator SEBI and action may be initiated against it as early as next week. Claiming to have large goat-rearing farms in northern parts of the country, Beetal Livestock & Farm (P) Ltd had solicited investments from the public with a promise of 2 per cent monthly returns, and doubling of...
02:59 PM, Nov 06, 2012
New Delhi: Surrounded by controversies and scams, the big three of the Congress - Prime Minister Manmohan Singh, UPA chairperson Sonia Gandhi and party General Secretary Rahul Gandhi will try to divert attention by showcasing the economic agenda of the government over the past few months at a mega rally of party workers at the Ramlila ground in New Delhi on Sunday. The PM is expected to focus on economic...
07:13 AM, Nov 04, 2012
New Delhi: Market regulator SEBI on Friday filed a contempt petition against the Sahara Group in the Supreme Court for not complying with its directions relating to refund of about Rs 24,000 crore by its two firms to their investors. The petition by SEBI said the two firms, Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC), have not followed the apex court's direction to furnish within...
04:02 PM, Nov 03, 2012
New Delhi: With an annual turnover of around 3000 crore, apples constitute an important part of Himachal Pradesh's economy, which makes FDI in multibrand retail an important issue among the state's apple-growers. The state's apple belt straddles several districts. No wonder then, that most pre-poll sops are announced keeping this constituency of apple-growers in mind. While the BJP government in the state has said no to FDI, the farmers remain...
08:39 AM, Nov 03, 2012
Mumbai: Hyundai Motor Co's Indian unit will invest $300 million in a new engine plant and metal pressing shop, the company said on Thursday, to expand in the country's fast-growing diesel car segment. Hyundai, India's second-largest carmaker, is running its Indian operations at full capacity and has lost market share over the past year due to a lack of diesel models, which are popular thanks to government subsidies on the...
12:57 AM, Nov 02, 2012
Even as Kejriwal made his 'startling disclosures' on Reliance controlling the Government, came news from China that Premier Wen Jiabao has accumulated billions from various ...
05:06 PM, Nov 01, 2012
New Delhi: After clearing three-single brand FDI proposals in one go, the Finance Ministry is likely to take up on November 20, Swedish home furnishing major IKEA's application to invest Rs 10,500 crore -- the largest so far in the segment. After scrutiny of the application by the industry department, sources said IKEA's investment proposal to set up single-brand retail stores in India may now be taken up by the...
03:42 AM, Oct 31, 2012
New Delhi: Following the relaxation of FDI norms in retail, India is expected to see an investment of over Rs 40,000 crore in multi-brand segment and the organised market is likely to grow to Rs 4,80,000 crore by 2016-17, a report said. According to a joint report by industry chamber Assocham and private sector lender Yes Bank, major foreign players are now expected to create positive atmosphere for farmers, suppliers,...
02:10 AM, Oct 21, 2012
Mumbai: Ratan Tata is not easing gently towards retirement. Two months before he relinquishes the reins at India's largest business house, the Tata Group's Indian Hotels Co Ltd has made an unsolicited and unexpected $1.2 billion bid for luxury hotel group Orient-Express Hotels Ltd. The offer, priced at a 40 per cent premium, may prove the final bold move for Tata, who has built the software-to-steel conglomerate into the country's...
01:31 AM, Oct 20, 2012
Bhubaneswar: Defending FDI in retail and other sectors, Union Minister V Narayanasamy on Monday said the country was expecting an investment of about $700 million besides provision of huge employment and creation of agro-infrastructure. "We expect investment of about $700 million which will help boost the country's economy," he told reporters here as part of UPA government's countrywide campaign on behalf of Group of Ministers on Media. Although TMC leader...
01:57 AM, Oct 16, 2012
Mumbai: Swedish retailer IKEA, which recently announced Rs 10,500 crore investment in the country, on Wednesday said it is considering to create a new product range for the Indian customers. "May be we need to develop new functions and a product range which we don't have yet, for this market. Maybe we need to tweak the style but will never compromise with price. We will make affordable products," IKEA India...
12:29 AM, Oct 11, 2012
New Delhi: In the midst of the FDI in retail push, controversy continues to surround Walmart's investments in Bharti Retail. Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee has demanded that the deal between the two companies be terminated. The world's largest retailer Walmart has come under question in India for the nature and manner of its investment in Bharti retail. Rajya Sabha member and CPI leader MP...
01:42 PM, Oct 10, 2012
