INVESTMENTS

  • Faced tease,taunts during passage of Insurance Bill, says Jayant Sinha 5 days ago

    New Delhi: Piloting the Insurance Amendment Bill was not just a political and professional challenge for Jayant Sinha as he also faced "teasing" and "taunts" over the stand his father as a former finance minister took on allowing foreign investment in the sector. Recalling the debate in Parliament on the passing...
  • Alibaba may scrap plans to invest in Snapdeal: Report March 18, 2015

    Bengaluru: Alibaba Group Holdings Ltd may scrap plans to invest in Indian online marketplace Snapdeal, technology website Recode reported, citing a person who was familiar with the matter. Last week, a person informed about the deal had told Reuters that Alibaba was in talks with Snapdeal over a potential cash investment...
  • Alibaba to invest $200 million in photo-messaging app Snapchat: Source March 13, 2015

    Bloomberg: Alibaba Group Holding Ltd is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services. The investment values the company at around $15 billion, according to Bloomberg, citing people familiar with...
  • Despite Lok Sabha nod, fate of Insurance Bill hangs in balance March 5, 2015

    New Delhi: Fate of the Insurance Bill hangs in balance with the Congress expressing its opposition to the manner in which it was brought and approved by Lok Sabha and the government hinting at the possibility of a Joint Session to clear the key reform measure. With the BJP and its...
  • Budget woos foreign investors with tax incentives March 1, 2015

    Mumbai: India, keen to rekindle economic growth, wooed foreign investors on Saturday with a budget that delayed controversial rules to target tax avoidance and maintained lower taxes on income from debt investments. The measures, part of the government's budget for the next fiscal year, come amid growing concerns about foreign investors...
  • Mimimum government and maximum governance to improve ease of business: Jaitely February 28, 2015

    Finance Minister Arun Jaitley in his Budget on Saturday focussed on the need of ease of doing business and highlighted the government's policy of 'Mimimum government and maximum governance'. Reducing the number of levies, Jaitley subsumed the Education Cess and Secondary & Higher Education Cess leviable on excisable goods in...
  • Finance Minister Arun Jaitley's Budget goes for growth, focuses on social security, delays fiscal cuts February 28, 2015

    New Delhi: Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Jaitley, delivering his first full-year budget since Prime Minister Narendra Modi's landslide election victory...
  • Rationalisation of taxes must to bring in more investment to India: Panagariya February 28, 2015

    NITI Aayog Vice Chairman Arvind Panagariya said rationalisation of taxes is a must to bring in more investment to India. He said, "Tax rationalisation is a must to increase investment into India. The RBI should continue cutting rates." ...
  • Union Budget 2015 live: Finance Minister Arun Jaitley says no change in individual tax rates, will cut corporate tax rate February 28, 2015

    Finance Minister Arun Jaitley while presenting the first full year Budget of the NDA government led by PM Modi on Saturday said Indian economy's credibility has been restored....
  • Test for reform zeal of Modi government in make-or-break Budget today, tax sops likely February 28, 2015

    New Delhi: Prime Minister Narendra Modi's stomach for free-market economics faces a major test on Saturday when the first full Budget will be unveiled by Finance Minister Arun Jaitley. Reaping the benefits of low global prices for oil, India's main import, Modi's government sees itself in a sweet spot with...
  • Tax rationalisation is a must to bring more investment into India: NITI Aayog V-C Arvind Panagariya February 27, 2015

    Ahead of Union Budget, NITI Aayog Vice Chairman Arvind Panagariya in an interview with Network18 said that the tax rationalisation is a must to bring more investment into India. ...
  • Jaitley presents Economic Survey, states India an attractive destination for long-term investment February 27, 2015

    Finance Minister Arun Jaitley tables the Economic Survey for FY 2014-15 ahead of the Union Budget. A growth rate of over 8 per cent is expected for the coming year. According to an Economic Survey the growth in 2014-15 is largely driven by domestic demand. ...
  • E-Commerce companies hope Jaitley will find a way out of current tax muddle February 27, 2015

    Bengaluru: India's IT capital is the hub of booming e-commerce. And in budget 2015, India's e-commerce companies are hoping they will find a way out of their current tax muddle. With online shopping and online transactions growing by leaps over the last year, the big e-commerce players like Amazon and...
  • Railway Budget 2015: Centre to invest Rs 8.5 lakh crore but no new trains or fare hike February 26, 2015

    New Delhi: The government unveiled plans on Thursday to invest Rs 8.5 lakh crore in its decrepit rail network over the next five years, heralding Prime Minister Narendra Modi's aggressive approach to building infrastructure needed to unlock faster economic growth. Over the next year, government will increase investment by about a...
  • SpiceJet's new owner infuses Rs 500 crore to revive the airline February 26, 2015

    New Delhi: Budget carrier SpiceJet has finally received the much-need funding, with the new owner Ajay Singh infusing Rs 500 crore in the airline as part of his Rs 1,500 crore investment plan to revive it. Singh paid Rs 500 crore to SpiceJet on Wednesday, sources said, adding that two more...
  • Railways needs Rs 2 lakh crore to complete projects, getting private money is not easy February 25, 2015

    (KH Muniyappa is a seven time MP (Lok Sabha) from Kolar in Karnataka. Between 2004 and 2014, he was minister of state Railways, Transport and Minister of State (Independent charge) Micro, Small and Medium Enterprises) New Delhi: The health of the Indian Railways in not in good shape. The Railways is...
  • Investor confidence still shaky in India, outcome of Modi's initiatives awaited: US envoy February 24, 2015

    Hyderabad: Maintaining that India needs to address issues related to investor confidence and intellectual property enforcement, US Ambassador Richard Verma claimed that the said the investor community is eagerly awaiting the results of initiatives taken by Prime Minister Narendra Modi. "Investor confidence in India is still shaky. Intellectual property enforcement is...
  • Foreign direct investment doubles to $2.16 billion in December February 22, 2015

    New Delhi: Foreign direct investment (FDI) in India almost doubled to $2.16 billion in December 2014, compared to $1.10 billion in the same month of 2013. During the April-December period of the current fiscal, FDI rose by 27 per cent to $21.04 billion as against $16.56 billion in the same period...
  • Full text: Prime Minister Narendra Modi's address at Aero India show February 18, 2015

    Bengaluru: Prime Minister Narendra Modi flagged off South Asia's biggest air show in Bengaluru on Wednesday. The 10th Aero India show reflecting India's air prowess, is based on the theme 'Make in India'. Speaking at the event, Modi said a nation with a strong defence will be secure and will have...
  • Budget must create employment, induce demand and investments: PHD Chamber February 18, 2015

    New Delhi: While complimenting the Narendra Modi government for big-bang reform announcements, President of PHD Chamber of Commerce and Industry Alok B Shriram said that the forthcoming Union Budget 2015-16 is being formulated in a benign macro-economic environment at domestic and international level after many years. The economy is looking...
  • Samsung Display to invest $3.6 billion in new OLED production line February 11, 2015

    Seoul: South Korea's Samsung Display plans to invest 4 trillion won ($3.6 billion) into making organic light-emitting diode (OLED) panels as its parent Samsung Electronics Co Ltd looks to boost components sales to offset weaker smartphone earnings. A Samsung Display spokesman told Reuters on Wednesday the investment will take place from...
  • Black money trail: Not just names but proof needed to take action, says Finance Minister Arun Jaitley February 9, 2015

    New Delhi: Finance Minister Arun Jaitley said on Monday that the details that have emerged are the ones which the Centre already has with it and added that the question was not about names but evidences that the government needs. Speaking to mediapersons on black money, Jaitley said, "In first phase,...
  • Jaitley hints at more cuts in spending, says government shouldn't live on borrowed money February 6, 2015

    Mumbai: Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money. "We're trying to rationalise expenditure as far...
  • Investment in public health yields great returns, says Narayana Murthy February 3, 2015

    Hyderabad: Investment in public health produces enormous returns in the long term, Infosys Founder and PHFI's Leadership Council Chairman NR Narayana Murthy said on Tuesday. The first step in ensuring that people are capable of participating in economic activity is to ensure that they are...
  • India's FDI increased by 26 per cent in 2014: UN January 29, 2015

    Geneva: Notwithstanding the decline in global foreign direct investment inflows, India's FDI increased by 26 per cent in 2014 to an estimated $35 billion with maximum growth in the services sector, a UN report said on Thursday. China toppled the US in 2014 as the world's largest recipient of FDI...
  • Obama announces US dollar 4 billion investments, loans to India January 26, 2015

    New Delhi: US President Barack Obama on Monday announced investments and loans worth US dollar 4 billion by American agencies as part of measures to bolster trade with India. "Over the next two years our Export-Import Bank will commit up to US dollar 1 billion in...
  • USA will enhance trade with India by $4 billion over two years, says President Barack Obama January 26, 2015

    New Delhi: US President Barack Obama on Monday announced measures to enhance trade with India by $4 billion over two years. He also announced a public-private partnership for investments in India. Speaking at the Indo-US CEO Forum on Monday evening, Obama said the US companies are ready to help India in...
  • 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...
  • Delighted to be a part of Vibrant Gujarat Summit, says UK Minister Livingstone 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. ...