INVESTMENTS

  • Narendra Modi moves in to speed up $300 billion stuck projects Yesterday

    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 1 week ago

    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. ...
  • Modi woos US CEOs, says India open-minded, wants change September 29, 2014

    New York: After addressing UN General Assembly on Saturday and Indian-American communities at Madison Square Garden on Sunday, Prime Minister Narendra Modi on Monday met top executives of American companies in New York. India is open-minded and wants change, Prime Minister Narendra Modi said on Monday during the Breakfast meeting. "India...
  • 'Private equity investments in India likely to touch USD 12 billion in 2014' September 28, 2014

    Port Louis (Mauritius): Private equity investment in India is likely to touch a staggering USD 12 billion in 2014 primarily on account of reform measures taken by the government at the Centre. In the first half of the year, private equity entities pumped in USD 6 billion in India. ...
  • Gold edges up on stray support, silver recovers September 27, 2014

    Mumbai: Gold prices gained modestly, in an otherwise lacklustre and cautious trade at the domestic bullion market owing to stray buying support. Elsewhere, silver recovered owing to renewed industrial buying. Standard gold (99.5 purity) moved-up by Rs 5 to close at Rs 26,760 per 10 grams from Friday's level of...
  • PM Modi launches 'Make in India' project, conquers hearts of corporates September 25, 2014

    Prime Minister Narendra Modi on Thursday launched his ambitious 'Make In India' campaign and said that his government's focus will be on physical infrastructure creation as well as creating a digital network for making India a hub for global manufacturing of goods. He urged industrialists to remain in India, assuring...
  • Narendra Modi seeks to crown global sales pitch with US tour September 25, 2014

    New Delhi: Prime Minister Narendra Modi will arrive in the United States on Friday aiming to woo corporate titans and crown a burst of investment-focused diplomacy, while marking a personal victory for a man who was for years unwelcome in the country. Modi, who was elected in May, will spend two...
  • India International Bullion Summit to be held in Mumbai September 23, 2014

    Mumbai: The second edition of India International Bullion Summit (IIBS) will be organised by the India Bullion and Jewellers Association on October 4-5. To commemorate its 66th foundation day, India Bullion and Jewellers Association Ltd (IBJA), the apex body of bullion and jewellery associations in the country, will host the...
  • Bullet News: Catch the day's top stories September 19, 2014

    Bullet News is CNNIBN's nonstop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Ananya Dasgupta September 19, 2014

    Catch the day's top stories with Ananya Dasgupta on India @ 9. ...
  • News 360: Xi Jinping wraps his first visit to India, will invest $20 billion September 19, 2014

    Chinese President Xi Jinping wraps up his first visit to India. Xi's landmark visit saw India and China reaffirm their commitment for mutual cooperation. China is investing $20 billion in India, and 12 agreements were signed on Thursday. ...
  • Is it time for India & China to move beyond border issues? September 17, 2014

    As India and China try to forge a stronger tie during the threeday state visit of Chinese President Xi Jinping to India, is it time for India & China to move beyond border issues? ...
  • IndoChina ties will change the world's outlook, says businessmen September 17, 2014

    In an interview to CNNIBN, businessmen commented on how IndoChina ties will change the world's outlook. "These talks are very vital. It is a big opportunity for us. One of the key discussions should be on investment," said a businessman. ...
  • Merino industries to set up new manufacturing plant in Gujarat September 14, 2014

    New Delhi: Merino Industries' readytocook brand Vegit is looking at setting up a new manufacturing plant in Gujarat with an investment of Rs 50 crore. The plant is expected to be operational by year 2017. "We are looking at a second manufacturing plant in Gujarat with an investment of Rs...