foreign direct investments

Strike estimated to cause economic loss of over $2 billion


September 20th, 2012 - 5:50 pm ICT by IANS
New Delhi, Sep 20 (IANS) The nation-wide strike against the government decision to allow foreign direct investment (FDI) in multi-brand retail and hike diesel prices is estimated to cause losses ... Read more...

Posted in Business |

No rollback of diesel price hike, FDI in retail: Chidambaram


September 17th, 2012 - 11:22 pm ICT by IANS
New Delhi, Sep 17 (IANS) Finance Minister P. Chidambaram Monday said the government would not rollback its decision to allow foreign direct investments (FDI) in multi-brand retail and the hike ... Read more...

Posted in Business |

Facing flak over price-rise remark, Beni now bats for retail FDI (Second Lead)


August 20th, 2012 - 7:37 pm ICT by IANS
New Delhi, Aug 20 (IANS) Yet drawing flak for his remark that he was "happy" with price-rise as it was beneficial for farmers, union Steel Minister Beni Prasad Verma ... Read more...

Posted in Politics |

Government should be proactive in reducing unemployment: Narayana Murthy


August 3rd, 2012 - 5:04 pm ICT by IANS
Kolkata, Aug 3 (IANS) Infosys chairman emeritus N.R. Narayana Murthy Friday asked the government to be more proactive in reducing unemployment and poverty in the country."This is the time to ... Read more...

Posted in Business |

No policy paralysis, Indian economy will bounce back, says Pranab


December 13th, 2011 - 5:14 pm ICT by IANS
New Delhi, Dec 13 (IANS) Blaming the weakness in the global economy for the recent slowdown in India's industrial output and economic growth, Finance Minister Pranab Mukherjee said Tuesday ... Read more...

Posted in Business |

Finance ministry okays FDI in multi-brand retail


November 17th, 2011 - 9:21 pm ICT by IANS
New Delhi, Nov 17 (IANS) The finance ministry has approved the draft cabinet note that seeks to allow up to 51 percent foreign direct investment (FDI) in multi-brand retail, sources ... Read more...

Posted in Business |

Industry, academia can create content for digital network: Sibal


November 14th, 2011 - 9:52 pm ICT by IANS
Mumbai, Nov 14 (IANS) Industry can collaborate with academia for creation of content for the digital network which the government is building to connect universities and institutes, Communications Minister Kapil ... Read more...

Posted in Business |

Need clarification on Foreign Currency Regulation Act: CII


November 13th, 2011 - 4:58 pm ICT by IANS
New Delhi, Nov 13 (IANS) A leading Indian industry lobby Sunday called for changes and clarification in the Foreign Currency Regulation Act (FCRA) on certain sections which, it said, hindered ... Read more...

Posted in Uncategorized |

Ratan Tata gets Swiss Ambassador’s award


October 17th, 2011 - 5:16 pm ICT by IANS
New Delhi, Oct 17 (IANS) Tata Group Chairman Ratan Tata has been honoured with the Swiss Ambassador's award for "exceptional leadership" and his contribution to strengthening bilateral ties between India ... Read more...

Posted in Business |

Reliance Life concludes 26 percent stake sale to Nippon for $680mn


October 9th, 2011 - 2:44 pm ICT by IANS
Mumbai, Oct 9 (IANS) Reliance Capital Sunday said it had concluded a 26 percent stake sale in its life insurance arm to Japan's Nippon Life for $680 million (Rs.3,062 crore), ... Read more...

Posted in Business |

BP expects Krishna Godavari gas output to rise


September 28th, 2011 - 4:46 pm ICT by IANS
New Delhi, Sep 28 (IANS) Global energy major - and Reliance Industries (RIL) partner - BP Wednesday said it expects gas output from the Krishna Godavari basin to rise in ... Read more...

Posted in Business |

India seeks US investment in power sector


September 20th, 2011 - 6:40 pm ICT by IANS
Chicago, Sep 20 (IANS) Indian Power Minister Sushil Kumar Shinde Tuesday urged US entrepreneurs to invest in India's growing power sector.Addressing the US-India Economic Opportunities and Synergies Summit in ... Read more...

Posted in Business |

India pushes for services and investment agreement with ASEAN


August 13th, 2011 - 6:16 pm ICT by IANS
Manado (Indonesia), Aug 13 (IANS) After having 'trade in goods agreement', India has stepped up efforts for a comprehensive deal with the 10-nation Association of South East Asian Nations (ASEAN) ... Read more...

Posted in Business |

Reliance gets approval for $7.2 billion BP deal


August 9th, 2011 - 2:50 pm ICT by IANS
New Delhi, Aug 9 (IANS) Reliance Industries Ltd (RIL) Tuesday said it had received the government's approval for a $7.2 billion deal with global energy major BP, which will see ... Read more...

Posted in Business |

Nothing colourable in takeover, Vodafone tells apex court (Lead)


August 3rd, 2011 - 11:29 pm ICT by IANS
New Delhi, Aug 3 (IANS) The Supreme Court Wednesday was told that there was nothing colourable in telecom giant Vodafone's transaction with Hutchinson International Ltd. for acquiring its Indian arm ... Read more...

Posted in Business |

Nothing colourable in takeover, Vodafone tells apex court


August 3rd, 2011 - 10:22 pm ICT by IANS
New Delhi, July 3 (IANS) The Supreme Court Wednesday was told that there was nothing colourable in telecom giant Vodafone's transaction with Hutchinson International Ltd. for acquiring its Indian arm ... Read more...

Posted in Uncategorized |

Government gives nod for Reliance Industries-BP deal


July 22nd, 2011 - 8:28 pm ICT by IANS
New Delhi, July 22 (IANS) The central government Friday gave its go-ahead to global energy major BP buying 30 percent stake in some of the oil and gas blocks held ... Read more...

Posted in Business |

India eases joint venture norms to draw foreign funds (Lead)


March 31st, 2011 - 6:25 pm ICT by IANS
New Delhi, March 31 (IANS) India Thursday announced an updated foreign direct investment (FDI) policy that simplifies joint venture norms and opens up new areas for overseas funds.The updated policy ... Read more...

Posted in Business |

BP announces $7.2 billion partnership in India


February 21st, 2011 - 11:29 pm ICT by BNO News
LONDON (BNO NEWS) -- BP on Monday announced a historic oil and gas transformational partnership with India's Reliance Industries Limited valued at $7.2 billion.Under the terms of the agreement, BP will take ... Read more...

Posted in Business |

Mukesh Ambani’s RIL signs $20 billion deal with BP


February 21st, 2011 - 9:53 pm ICT by ANI
Mumbai, Feb 21 (ANI): Mukesh Ambani's Reliance Industries Limited (RIL) on Monday signed an agreement with oil major British Petroleum (BP) for 30 per cent stake in Reliance Industries' 23 oil and ... Read more...

Posted in Business |

RBI blames Ramesh’s ‘environment sensitive policies’ for FDI dip


January 27th, 2011 - 6:00 pm ICT by ANI
New Delhi, Jan 27 (ANI): The Reserve Bank of India (RBI) has blamed Minister of State for Environment and Forests Jairam Ramesh's 'environment sensitive policies' for driving away Foreign Direct Investments (FDI) ... Read more...

Posted in Business |

EU-India free trade talks reach decisive moment: Official


December 9th, 2010 - 9:29 pm ICT by IANS
Brussels, Dec 9 (IANS) European Union Trade Commissioner Karel De Gucht said Thursday that negotiations between India and the 27-member European bloc on a free trade agreement (FTA) have reached "a ... Read more...

Posted in Business |

Indo-US talks to focus on boosting economic cooperation: Nirupama Rao


November 4th, 2010 - 7:44 pm ICT by ANI
New Delhi, Nov 4 (ANI): Foreign Secretary Nirupama Rao on Thursday said India and the US will sign pacts in the field of agriculture, space, clean energy and health during the ... Read more...

Posted in National |

Hong Kong woos India Inc, keen on IT firms


October 30th, 2010 - 5:14 pm ICT by IANS
New Delhi, Oct 30 (IANS) Hong Kong is optimistic about economic ties with India, and expects more Indian companies, particularly information technology (IT) firms, to set up shop there, the city's investment ... Read more...

Posted in Business |

Smart cards for highway tolls mandatory for all vehicles: Nath


October 27th, 2010 - 7:05 pm ICT by ANI
New Delhi, Oct. 27 (ANI): Highways and Road Transport Minister Kamal Nath on Wednesday said it would be mandatory for all vehicles to have a prepaid chip for toll payments within eighteen ... Read more...

Posted in National |

Inflation rate to fall to 5.5 percent by fiscal end: Rangarajan


September 23rd, 2010 - 10:06 pm ICT by IANS
Chennai, Sep 23 (IANS) The rate of inflation is expected to fall to 5.5 percent by the end of this fiscal. By December, the inflation will be around 6.5 percent, down from ... Read more...

Posted in Business |

Mixed response to strike in Maharashtra


September 7th, 2010 - 10:11 pm ICT by IANS
Mumbai, Sep 7 (IANS) Mumbai commuters suffered as autorickshaw drivers' unions joined a nationwide strike Tuesday even as the rest of Maharashtra was relatively unaffected by the agitation called by eight ... Read more...

Posted in Business |

Mukherjee asks banks to get ready for global competition


September 7th, 2010 - 6:46 pm ICT by IANS
New Delhi, Sep 7 (IANS) Indian banks need to gear themselves up for global competition as changing economic scenario might prompt the government to further open up the sector to foreign ... Read more...

Posted in Business |

Mumbai commuters hit as autos join nationwide strike


September 7th, 2010 - 12:31 pm ICT by IANS
Mumbai, Sep 7 (IANS) Commuters rushing to their workplaces Tuesday morning were badly hit as a section of auto-rickshaw and taxi drivers joined the nationwide labour strike called by various trade unions. While ... Read more...

Posted in Business |

Bank staffs call one-day strike Tuesday


September 6th, 2010 - 9:47 pm ICT by IANS
Mumbai, Sep 6 (IANS) Banking services are likely to remain affected Tuesday as about one million bank employees plan to go on a one-day strike against a host of issues, including foreign ... Read more...

Posted in Business |

Nepalese media group targets Indian ventures


August 29th, 2010 - 6:48 pm ICT by IANS
By Sudeshna Sarkar Kathmandu, Aug 29 (IANS) The smear campaign by a section of Nepal's disgruntled media against Indian joint ventures intensified Sunday with fierce new propaganda that also targeted the Indian embassy ... Read more...

Posted in Business |

Finance minister can approve bigger foreign direct investments now


February 11th, 2010 - 2:43 pm ICT by IANS
New Delhi, Feb 11 (IANS) The finance minister can now approve foreign direct investment (FDI) proposals up to Rs.1,200 crore (Rs.12 billion/$), and only bigger proposals will have to go to ... Read more...

Posted in Business |

I am not trying to stir up anti-Christian sentiments: Ex-Malaysian PM


January 24th, 2010 - 2:53 pm ICT by ANI
George Town, Jan 24 (ANI): Former Malaysian premier Dr Mahathir Mohamad has denied claims that he is trying to stir up anti-Christian sentiments by saying that the Sept 11, 2001, attack on ... Read more...

Posted in World |

Foreign investment inflow to fall this fiscal: Minister


December 4th, 2009 - 7:28 pm ICT by IANS
New Delhi, Dec 4 (IANS) India will likely attract foreign direct investments (FDI) worth $18 billion in the current fiscal, down from $27.32 billion it received in 2008-09, Commerce and Industry Minister ... Read more...

Posted in Business |

Government will encourage FDI in media: Ambika Soni


November 9th, 2009 - 8:55 pm ICT by IANS
New Delhi, Nov 9 (IANS) The government will act only as a facilitator for foreign direct investments (FDI) in print media and make amendments in the existing laws to ensure this, ... Read more...

Posted in Business |

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